Subsequent Advances definition

Subsequent Advances. There are no subsequent advances under this Agreement. This means the full loan is paid to you in one lump sum.

Subsequent Advances has the meaning assigned to that term in Section 2.6(d)(iii).

Subsequent Advances mean all Advances made by Lender to Company following the Initial Advance.

Examples of Subsequent Advances in a sentence

• Borrower’s execution and delivery to each of the Lenders of a Note (or in the case of Subsequent Advances an addendum to the original Note issued to the applicable Lender) shall be Borrower’s agreement to the terms and calculations thereunder and hereunder with respect to the Advance made by such Lender.

• Advances and Subsequent Advances under this Note shall be made in accordance with the provisions of the Loan Agreement.

• Notwithstanding the foregoing, to the extent that as of any Funding Request Notice Date (as defined in Section 2.5 below) the Company has filed (and not withdrawn) a registration statement on Form S-1 (or any successor or similar form) with the Securities and Exchange Commission for a public offering of securities, the Company may at its discretion limit participation in the Subsequent Advances to the Lenders set forth on Schedule I-A.

• The obligation of Borrower to repay the unpaid principal amount of and all PIK Interest on the Loans shall be evidenced by one or more Notes, or in the case of Subsequent Advances addendums to the applicable original Notes issued to the Lenders in connection with the first Subsequent Advance.

• Borrower shall make monthly payments of interest in arrears beginning on the Initial Payment Date, and on the first day of each calendar month thereafter through and including the Maturity Date, in the amount from time to time of the interest accruing upon the unpaid principal balance of the Loan (including, without limitation, any Subsequent Advances funded by Lender as provided in this Note from the date of such disbursement).

More Definitions of Subsequent Advances

Subsequent Advances means the amount specified as subsequent advances in the initial disclosure statement and if you have a multi-drawdown loan, it can mean each part of the total subsequent advances that is advanced on request in accordance with clause 1.5 of these terms.

Subsequent Advances means Advances made after loan closing to, or on behalf of, a Borrower and/or Mortgagor under a Loan.

Subsequent Advances. There are no subsequent advances under this Method of Charging Interest: Commercial Terms. This is the interest rate that you will pay unless you are in default. The Annual Interest Rate is fixed for the full period of this Loan except in the circumstances set out in clause 12.2(b)(iii) of the General Terms. We explain this in clause 3.1 of the General Terms.

Subsequent Advances shall have the meaning set forth in Section 2.2 hereof.

Subsequent Advances. There are no subsequent advances under this Agreement.

Subsequent Advances means individually and collectively all Advances hereunder after the Initial Advance.

Subsequent Advances means Advances following the Initial Advance.