Advance Date Clause Samples
The Advance Date clause defines the specific date on which funds or resources are to be disbursed or made available under an agreement. In practice, this clause sets a clear timeline for when the lender must provide the loan amount to the borrower, or when a party must deliver an agreed-upon advance. By establishing a definite date for the advance, the clause ensures both parties are aligned on expectations and helps prevent disputes or delays related to the timing of payments or deliveries.
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Advance Date. The proposed Advance Date for such Ongoing Maintenance Advance is on or after March 14, 2017 and on or prior to the Commitment Termination Date.
Advance Date. 2 AFFILIATE ................................................................................... 2
Advance Date a day (which shall be a Banking Day) on which an Advance is made.
Advance Date. 3 Affiliate.................................................................................3
Advance Date. Advance Date" means, regardless of whether any Construction Advance shall actually be made thereon, the first Business Day of every calendar month, beginning with August 1, 1997 and continuing regularly thereafter to and including the Carrying Costs Accrual Termination Date; provided, that if the Carrying Costs Accrual Termination Date occurs before the Last Advance Date (as defined below), then after the Carrying Costs Accrual Termination Date each Base Rent Date upon which commences a new Base Rent Period (and only such Base Rent Dates) through and including the Last Advance Date shall also constitute an "Advance Date" hereunder. In any event, no Advance Date shall occur after the Last Advance Date.
Advance Date. The proposed Advance Date was on or prior to the Commitment Termination Date.
Advance Date. 3 AFFILIATE.......................................................................................... 3
Advance Date. 3 Affiliate............................................................................................. 3 Agent................................................................................................. 3
Advance Date. On the Advance Date:
(a) Lender shall have received (i) an Advance Request and a Note for the relevant Advance, each duly executed by Borrower’s Chief Executive Officer or Chief Financial Officer, and (ii) any other documents Lender may reasonably request.
(b) The representations and warranties set forth in this Agreement shall be true and correct in all material respects on and as of the Advance Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date.
(c) Borrower shall be in compliance with all the terms and provisions set forth herein and in each other Loan Document on its part to be observed or performed, and at the time of and immediately after such Advance no Event of Default shall have occurred and be continuing.
(d) Each Advance Request shall be deemed to constitute a representation and warranty by Borrower on the relevant Advance Date as to the matters specified in paragraphs (b) and (c) of this Section 4.2 and as to the matters set forth in the Advance Request.
Advance Date. The obligation of each Term Lender to make a Loan on each Advance Date is subject to the satisfaction (or waiver in accordance with Section 9.03) of the following conditions:
(a) The Effective Date shall have occurred.
(b) No Default or Event of Default has occurred and is continuing.
(c) The representations and warranties of the Borrower set forth in this Agreement (other than, for the avoidance of doubt, the representations and warranties set forth in Section 3.07 and 3.08 shall be true and correct in all material respects (other than those representations and warranties that are subject to a materiality qualifier, in which case such representations and warranties shall be true and correct in all respects as written, including the materiality qualifier) on and as of such Advance Date (other than those representations and warranties that expressly relate to a specific earlier date, which shall be true and correct in all material respects as of such earlier date (other than those representations and warranties that are subject to a materiality qualifier, in which case such representations and warranties shall be true and correct in all respects as of such earlier date as written, including the materiality qualifier)).
(d) The Administrative Agent shall have received all fees and other amounts due and payable pursuant to the Fee Letter on or prior to such Advance Date.