Loan Advance. The meaning specified in Section 2.2(a).
Loan Advance means a disbursement of all or any portion of the Loan.
Loan Advance means that portion of the Principal Sum that is outstanding at any time during the term of this Note.
Examples of Loan Advance in a sentence
By the close of business of each Business Day, the Bank will determine: (i) whether the Collected Balance in the Account is less than or greater than the Target Balance; and (ii) accordingly, the funds available for either a Loan Advance Transaction or a Repayment Transaction.
For Consumer Loans, you agree to make the Periodic Payment as specified on the Loan Advance Disclosure by the due date specified by the Credit Union.
The interest rate for each Loan will be set forth on the Loan Advance Disclosure.
You agree to pay the fees and costs as set forth on the Loan Advance Disclosure provided with each Loan including any application fee.
The terms applicable to your Consumer Loans will be governed by: (i) the Consumer Loan Application; (ii) this Agreement; (iii) the Loan Advance Disclosures provided with each Loan; (iv) a Loan proceeds check endorsement; and (v) other Loan documents required under this Agreement.
More Definitions of Loan Advance
Loan Advance. Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # To Account # (Loan Account #) Amount of Advance $ All Borrower’s representations and warranties in the Second Amended and Restated Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: Phone Number: Print Name/Title: OUTGOING WIRE REQUEST: Complete only if all or a portion of funds from the loan advance above is to be wired. Deadline for same day processing is noon, Pacific Time Beneficiary Name: Amount of Wire: $ Beneficiary Bank: Account Number: City and State: Beneficiary Bank Transit (ABA) # Beneficiary Bank Code (Swift, Sort, Chip, etc.): (For International Wire Only) Intermediary Bank Transit (ABA) #: For Further Credit to: Special Instruction: By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us). Authorized Signature: 2nd Signature (if required): Print Name/Title: Telephone #: EXHIBIT E BORROWING RESOLUTIONS [see attached] CORPORATE BORROWING CERTIFICATE BORROWER: Medallia, Inc. DATE: _______________, ____ BANK: Silicon Valley Bank I hereby certify as follows, as of the date set forth above:
Loan Advance means each advance of proceeds of the Loan.
Loan Advance means any full or partial advance of a Loan made by Lender to or for the benefit of Borrower.
Loan Advance. Loan Payment: Type of Reporting in Compliance? Yes / No Payment: Overadvance / Per client’s request Covenant in Compliance? Yes / No If out of Compliance, what is the violation? Outstanding Loan Balance: $0 Outstanding Loan Balance: $0 Amount of Advance: (Must be equal or less than BBC Availability) $0 Amount of Payment: $0 Loan Account #: New Loan Account #: Account to be New Deposit to DDA: Acct #: _______________ $0 charged: Acct #: _______________ $0 New Outstanding Loan Balance: New Outstanding Loan Balance: $0 $0 EXHIBIT D COMPLIANCE CERTIFICATE TO: HERITAGE BANK OF COMMERCE FROM: DIGITAL GLOBE SERVICES INC. and TELSATONLINE INC., and DGS EDU, LLC The undersigned authorized officer of DIGITAL GLOBE SERVICES INC. on behalf of all Borrowers, hereby certifies that in accordance with the terms and conditions of the Loan and Security Agreement between Borrowers and Bank (the “Agreement”), (i) each Borrower is in complete compliance for the period ending ______________ with all required covenants except as noted below and (ii) all representations and warranties of each Borrower stated in the Agreement are true and correct as of the date hereof. Attached herewith are the required documents supporting the above certification. The Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. Please indicate compliance status by circling Yes/No under “Complies” column.
Loan Advance shall have the meaning set forth in the Recitals to this Agreement.
Loan Advance means Building Loan Advances and Project Loan Advances.
Loan Advance means, collectively, an amount of loan proceeds to be advanced from time to time by the City in connection with the Development Loan to or at the direction of the Developer under and pursuant to Section 3.1 of this Agreement.