Interest Advances definition

Interest Advances. A Total outstanding interest advances Number made by servicer. LPMI Flag A Code/Flag to determine if PMI is paid Text by owner of loan LPMI Rate A Rate per annum of LPMI premiums Number Account Balances Beginning Scheduled A Beginning scheduled loan balance. If Number Balance the loan is serviced on a scheduled balance basis Ending Scheduled A Ending scheduled loan balance. If the Balance loan is serviced on a scheduled balance basis Escrow Balance A Current balance of escrow account Number (borrower's positive funds).
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Interest Advances has the meaning set forth in Section 2.01.
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Interest Advances means Advances drawn and used to pay interest on Commercial
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Examples of Interest Advances in a sentence

  • Section 2.05 Repayments of Interest Advances, the Special Termination Advance or the Final Advance.

  • Finally, on September 14, 2001, MMH borrowed $25 million to make interest payments to MMLIC and MMBMI for the third quarter of 2001.All of the Interest Advances were documented by promissory notes with terms similar to the other MMH Notes.

  • Because, according to the financial data, the Fitch ratings, and the credible testimony of Mr. Winward, MMH remained credit-worthy relative to the level of additional debt it sought to borrow and there was an unconditional obligation to repay, the Board found that the Interest Advances did not affect the characterization of the other MMH Notes as bona fide debt.

  • Mr. Lynch testified that during the period that the Interest Advances were made, MMH was experiencing exponential expansion in its business.

  • Section 2.05 Repayments of Interest Advances, the Special Termination Advance or the Final Advance .

  • MMH also used$29.9 million of Antares sale proceeds to repay the portion of the Interest Advances which were attributable to interest on the Antares loans that were retired on December 1, 2005.

  • The Board found and ruled that the Interest Advances, which were formally documented as separate loans, should be subject to the same analysis as the other MMH Notes.The Board found that Mr. Lynch testified credibly, supported by the financial data in evidence, that the period from 1998 to 2001 was a period of expansive growth for MMH and there was a need for MMH to retain the cash on hand to invest in its business.

  • Related to this there have been significant falls in the in the value of the pound and consequential rises in interest rates.

  • Issuer Expenses Advances, Interest Advances and Loan Protection Advances are together referred to as "Advance Facility Drawings".

  • Unallowable Principal and Interest Advances Ryland made errors totaling $6,841 in the calculation of principal and interest advances claimed in the realized loss calculation.


More Definitions of Interest Advances

Interest Advances means, as the context may require, any one or more of the following: Steamboat Interest Advances, Canyons Interest Advances, *Sugarbush Interest Advances and/or *Sugarloaf Interest Advances.
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Interest Advances collectively, the Term Loan A Interest Advances and the Term Loan B Interest Advances.
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Interest Advances means, with respect to a CDO Issuer, “Interest Advances” within the meaning of the applicable CDO Agreements.
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Interest Advances. (including any Advancing Agent Fee, Nonrecoverable Advances (as defined in the CDO Indentures) and any applicable interest thereon) relating to the Subordinated Interest Advance Amounts received under the CDO Indentures (but only to the extent CWCI is not entitled to such repayments and reimbursements under the payment priorities set forth in Section 3(c)), in trust, as trustee, for the benefit of GKKL, subject to Section 3(c) and the terms hereof; and, in each case, to the extent required hereunder, shall promptly pay over and deliver, or shall cause to be promptly paid-over and delivered, all such amounts, directly to the applicable Subordinated Gramercy Parties in all cases unconditionally, without reduction, set-off or any other limitation, to a bank account designated in writing by the Subordinated Gramercy Parties, it being understood and agreed that the Senior Advancing Parties shall have no interest in or right to any such amounts other than as provided in this Agreement. The Senior Advancing Parties agree not to initiate or prosecute any claim, action or other proceeding challenging the enforceability of any of the Subordinated Gramercy Parties’ claims hereunder.
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Interest Advances as defined in subsection 2.1(d).
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Related to Interest Advances

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

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Maximum Revolving Advance Amount means $30,000,000.

  • 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.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Tax Advances has the meaning set forth in Section 5.07.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

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

  • Revolving Advance has the meaning given in Section 2.1.