Existing Advance definition

Existing Advance means, for each Existing Lender, all of such Existing Lender's rights in and to, and all of its obligations under, the Advances (as defined in the Existing Credit Agreement) evidenced by the Existing Notes and owing to it under the Existing Credit Agreement immediately preceeding the Effective Date.
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Existing Advance shall have the meaning given to that term in RECITAL A.
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Existing Advance means the Advances (solely in this instance, as defined in the Existing Credit Agreement) initially made by State Street under the Existing Credit Agreement and outstandi ng on the E ffective Date i n an aggregate pri nci pal amount equal to $48,663,183.86.
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Examples of Existing Advance in a sentence

  • Shashi Agarwal10,37,6002.50%10,37,6002.50%Smt.Shuchi Poddar56,1000.14%56,1000.14%Shekhar Agarwal Huf4,03,8000.97%4,03,8000.97%Shantanu Agarwal Huf2,7500.01%2,7500.01%Shekhar Agarwal-Trust2,7500.01%2,7500.01%Smt.

  • Section 1.145-2(b)(1) provides that in applying §§ 1.141-0 through 1.141-15 to § 145(a) of the 1986 Code, references to governmental persons include section 501(c)(3) organizations with respect to their activities that do not constitute unrelated trades or businesses under § 513(a) of the 1986 Code..02 Existing Advance Ruling Guidelines.

  • Section 1.145-2(b)(1) provides that in applying § § 1.141-0 through 1.141-15 to § 145(a) of the 1986 Code, references to governmental persons include section 501(c)(3) organizationswith respect to their activities that do not constitute unrelated trades or businesses under § 513(a) of the 1986 Code..02 Existing Advance Ruling Guidelines.

  • Section 1.145–2(b)(1) provides that in applying §§ 1.141–0 through 1.141–15 to § 145(a) of the 1986 Code, references to governmental persons in- clude section 501(c)(3) organizations with respect to their activities that do not constitute unrelated trades or busi- nesses under § 513(a) of the 1986 Code..02 Existing Advance Ruling Guide- lines.

  • Section 1.145-2(b)(1) provides that in applying §§1.141-0 through 1.141-15 to§145(a) of the 1986 Code , references to governmental persons include section 501(c)(3) organizations with respect to their activities that do not constitute unrelated trades or businesses under §513(a) of the 1986 Code ..02 Existing Advance Ruling Guidelines.

  • The Proposed Borrowing consists of [a conversion of the Existing Advance to [an ABR Borrowing] [a Eurodollar Borrowing]] [a continuation of the Existing Advance].

  • Pursuant to Section 3.3 hereof, the Administrative Agent shall determine the initial LIBOR Rate for each Advance (other than the Existing Advance) two London Business Days prior to the related Advance Date.

  • Upon the Second New Loan Agreement become effective on the Effective Date, the terms of the New Loan Agreement will no longer apply to the Existing Advance and are replaced by the terms of the Second New Loan Agreement.

  • Replacement of the terms of the Existing AdvanceAs advised and confirmed by APL, the Existing Advance is currently governed by the terms of the New Loan Agreement and has a repayment date of 30th June, 2014.

  • Existing Advance Directive documents electronically hosted in Health Information Exchange or Electronic Health Record systems remain binding and in effect.


More Definitions of Existing Advance

Existing Advance means an advance made under an Existing Developer Note Receivable (which is an Eligible Developer Note Receivable) and the related Hypothecation Loan Agreement; provided that such advance was made prior to the initial Borrowing hereunder.
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Existing Advance means an Existing Term Loan, an Existing Working Capital Advance, the principal amount of any Existing Deferred Interest Note or any fees payable to the Lenders under the Existing Credit Agreement.
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Existing Advance shall have the meaning set forth in Section 7.1.
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Related to Existing Advance

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Revolving Advance has the meaning given in Section 2.1.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Existing Loan means the loan identified on Exhibit H.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Future Advance means an Advance made after the Initial Closing Date.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note securitized pursuant to such Securitization Servicing Agreement.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.