Future Advance definition

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

Future Advance means an indebtedness or other obligation that is secured by a mortgage and arises or is incurred after the mortgage has been recorded, whether or not the future advance was obligatory or optional on the part of the mortgagee.

Future Advance shall have the meaning set forth in Section 2.1.

Examples of Future Advance in a sentence

• When an additional security agreement covering all collateral for the debt is taken, the work copy of the previous security agreement may be destroyed.§§ 1941.76–1941.78 [Reserved]§ 1941.79 Future advance and after-ac- quired property clauses.The future advance and after-ac- quired property clauses of security agreements will be considered valid in all respects in UCC States unless other- wise provided in a State supplement.

• As used in this act:(a) "Future advance" means an indebtedness or other obligation that is secured by a mortgage and arises or is incurred after the mortgage has been recorded, whether or not the future advance was obligatory or optional on the part of the mortgagee.(b) "Future advance mortgage" means a mortgage that secures a future advance and is recorded either prior to or after the effective date of this act.

• Future advance rental payments will be billed to the Trust at the start of each quarter.

• Note that, subject to recommendation 18, a tagged contingency, with draw-down subject to one or more business cases,[7]is being requested through the Budget 2014 submission for Vote Revenue to allow Inland Revenue to complete the overall design of the changes to the revenue system required to achieve IR for the Future, advance work to integrate legacy and new technology platforms, and to deliver early improvements; 6.

• Future advance requests will require sign-off by the Chief Administrative Officer and Chief Financial Officer.

More Definitions of Future Advance

Future Advance shall have the meaning assigned to such term in the recitals.

Future Advance means the advance of money, credit or other value secured by a security agreement whether or not such advance is given pursuant to commitment; (“avance future”)

Future Advance has the meaning expressed in section 16 of the PPSA. "Own" includes "having an interest in" and "owner" is interpreted accordingly

Future Advance means an Advance made after the date hereof.

Future Advance means the payment of money, the provision of credit, or the giving of value secured by a security interest, occurring after the security agreement has been concluded, whether or not provided or given under an obligation to do so;

Future Advance shall have the meaning specified in the definition of Future Advance Purchased Asset.

Future Advance means, with respect to any Mortgage Loan, any advance of funds made pursuant to the terms of the related Loan Documents after the origination of such Mortgage Loan.