Outstanding Advances definition

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.

Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances, if any, 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) of the Sale and Servicing Agreement 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 of the Sale and Servicing Agreement.

Outstanding Advances on the Receivables shall mean the sum, as of the close of business on the last day of a Collection Period, of all Advances as reduced as provided in Section 4.4(a) of the Sale and Servicing Agreement.

Examples of Outstanding Advances in a sentence

• The Outstanding Advances at any time under the MasterCard Credit Facility shall not exceed the MasterCard Credit Limit.

• For greater certainty, the Borrower shall be entitled to repay all or any portion of the Outstanding Advances under the Guarantee Credit Facility from time to time (without premium or penalty whatsoever) and obtain further Guarantee Loans under the Guarantee Credit Facility from time to time; provided that, the aggregate principal amount of the Outstanding Advances at any time under the Guarantee Credit Facility shall not exceed the Guarantee Credit Limit in effect at such time.

• The Advance under Facility A shall be used by the Borrowers to repay the Outstanding Advances under the Original Credit Agreement in full on the Amendment Closing Date.

• For greater certainty, the Borrower shall be entitled to repay all or any portion of the Outstanding Advances under the Revolving Credit Facility from time to time and obtain further Revolving Loans under the Revolving Credit Facility from time to time; provided that, the aggregate principal amount of the Outstanding Advances at any time under the Revolving Credit Facility shall not exceed the Revolving Credit Limit in effect at such time.

• After notice of a Breach that has occurred and is continuing has been sent to the Borrowers and after any reasonable cure periods provided for in such notice have passed, all Outstanding Advances shall bear interest or fees at the rates otherwise applicable plus five percent (5%) per annum in order to compensate the Lender for the additional risk.

More Definitions of Outstanding Advances

Outstanding Advances means all Advances by the Servicer minus all reimbursements of Advances to the Servicer pursuant to Section 4.08 and Section 5.04 of the Sale and Servicing Agreement.

Outstanding Advances as of any date, with respect to a Receivable, means the total amount of Advances made on such Receivable for which the Servicer has not been reimbursed.

Outstanding Advances means either Outstanding Actuarial Advances or Outstanding Simple Interest Advances or both, as applicable.

Outstanding Advances. As of any date with respect to a Mortgage Loan, the total amount of Advances made on such Mortgage Loan for which the Master Servicer or any Servicer (or subservicer, to the extent such subservicer makes Advances on behalf of the Servicer) has not been reimbursed, to the extent that the Master Servicer is entitled to reimbursement hereunder or such Servicer is entitled to reimbursement therefor pursuant to the applicable Servicing Agreement.

Outstanding Advances at any time of determination, the sum of (1) the unpaid principal amount of all Advances made by IBM Credit under this Agreement, and (2) any finance charge, fee, expense or other amount related to Advances charged to Customer's account with IBM Credit.

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 all payments or collections as of or prior to such date that are specified in Sections 4.03(c) and 4.03(d) as applied to reimburse all unpaid Advances with respect to such Receivable.

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 all payments or collections as of or prior to such date which are specified in Section 4.04(b) as applied to reimburse all unpaid Advances with respect to such Receivable.