One Day Advance Definition | Law Insider

One Day Advance means any Advance made in accordance with Section 2.02(b) that bears interest based on One Day Advance LIBOR. Sample 1Sample 2Sample 3. OneDayAdvancedefinitionFilter&SearchDefinition:OneDayAdvanceContractTypeJurisdictionCountryIncludeKeywordsExcludeKeywordsAdditionalfiltersareavailableinsearchOpenSearchRelatedDefinitionsAAdvancePMIAdvanceL/CAdvanceBAdvanceABRAdvanceParticipationAdvanceCommittedAdvanceTrancheAAdvancePeriodicAdvanceTermAdvanceEligibleadvanceRevolvingAdvanceLoanAdvanceDelinquencyAdvanceLIBORAdvanceMonthlyAdvanceBaseRateAdvanceApplicableAdvanceRateTrancheBAdvanceFixedRateAdvanceLIBORRateAdvanceInterestAdvanceSwingLineAdvanceReferenceRateAdvanceRequiredAdvanceAmountMonthlyP&IAdvanceRemoveAdvertisingOpenSplitViewShareCiteOneDayAdvance meansanyAdvancemadeinaccordancewithSection2.02(b)thatbearsinterestbasedonOneDayAdvanceLIBOR.Sample1Sample2Sample3Basedon5documents5SaveCopyRemoveAdvertisingExamplesofOneDayAdvanceinasentenceAnyOneDayAdvanceYieldaccruingonthedaysincludingthefirstdayofacalendarmonthandendingon,andincluding,theDeterminationDateforsuchcalendarmonth,shallbepayableonthePaymentDateoccurringduringsuchcalendarmonth.AllcomputationsofinterestandallcomputationswithrespecttotheYield,theLIBORYieldandtheLIBORYieldRatewithrespecttoLIBORAdvancesandOneDayAdvanceYieldandOneDayAdvanceYieldRatewithrespecttoOneDayAdvances,ineachcase,shallbecomputedonthebasisofayearof360daysfortheactualnumberofdayselapsed.AnyOneDayAdvanceLIBORYieldaccruingondaysaftertheDeterminationDateinanycalendarmonthshallbepayableonthePaymentDateoccurringduringthenextcalendarmonth.EachBaseRateOneDayAdvanceshallaccrueinterestattheBaseRateOneDayAdvanceYieldRateforeachdaybeginningon,andincluding,theAdvanceDateorBaseRateConversionDate,asapplicable,withrespecttosuchBaseRateAdvanceandendingon,butexcluding,theLIBORConversionDateforsuchorBaseRateConversionDateforsuchOneDayAdvanceorthedatesuchBaseRateOneDayAdvanceisrepaidinfullattheBaseRateOneDayAdvanceYield.AllcomputationsofinterestandallcomputationswithrespecttotheYield,theLIBORBenchmarkYieldandtheLIBORBenchmarkYieldRatewithrespecttoLLIBORBenchmarkAdvancesandOneDayAdvanceBenchmarkYieldandOneDayAdvanceYieldRatewithrespecttoOneDayAdvances,ineachcase,shallbecomputedonthebasisofayearof360daysfortheactualnumberofdayselapsed.AnyOneDayAdvanceLIBORBenchmarkYieldaccruingondaysaftertheDeterminationDateinanycalendarmonthshallbepayableonthePaymentDateoccurringduringthenextcalendarmonth.EachOneDayAdvanceshallaccrueinterestattheOneDayAdvanceYieldRateforeachdaybeginningon,andincluding,theAdvanceDateandendingon,butexcluding,theLIBORConversionDateorBaseRateConversionDateforsuchOneDayAdvanceorthedatesuchOneDayAdvanceisrepaidinfullattheOneDayAdvanceYield.AnyOneDayAdvanceBenchmarkYieldaccruingonthedaysincludingthefirstdayofacalendarmonthandendingon,andincluding,theDeterminationDateforsuchcalendarmonth,shallbepayableonthePaymentDateoccurringduringsuchcalendarmonth.EachOneDayAdvanceshallaccrueinterestattheOneDayAdvanceYieldRateforeachdaybeginningon,andincluding,theAdvanceDateandendingon,butexcluding,theLIBORBenchmarkConversionDateorBaseRateConversionDateforsuchOneDayAdvanceorthedatesuchOneDayAdvanceisrepaidinfullattheOneDayAdvanceBenchmarkYield.RelatedtoOneDayAdvanceAAdvancemeansanadvancebyaLendertotheBorroweraspartofanABorrowingandreferstoaBaseRateAdvanceoraEurodollarRateAdvance,eachofwhichshallbea"Type"ofAAdvance.PMIAdvanceAsdefinedintherelatedServicingAgreement,ifapplicable.L/CAdvancemeans,withrespecttoeachLender,suchLender’sfundingofitsparticipationinanyL/CBorrowinginaccordancewithitsApplicablePercentage.BAdvancemeansanadvancebyaLendertotheBorroweraspartofaBBorrowingresultingfromtheauctionbiddingproceduredescribedinSection2.03.ABRAdvancemeansanAdvancewhichbearsinterestattheAlternateBaseRate.ParticipationAdvanceshallhavethemeaningsetforthinSection2.12(d).CommittedAdvancemeansanadvancemadebyaLendertoaBorroweraspartofaCommittedBorrowingandreferstoaBaseRateAdvanceoraEurodollarRateCommittedAdvance,eachofwhichisa“Type”ofCommittedAdvance.TrancheAAdvancemeansanadvance(asfromtimetotimereducedbyrepaymentinaccordancewiththetermshereofortheCommonTermsAgreement)madeortobemadebytheTrancheAFacilityLendersundertheTrancheAFacility.PeriodicAdvanceTheaggregateoftheadvancesrequiredtobemadebyaServiceronanyDistributionDatepursuanttoitsServicingAgreementorbytheMasterServicerortheTrusteehereunder,theamountofanysuchadvancesbeingequaltothetotalofallMonthlyPayments(adjusted,ineachcase(i)inrespectofinterest,totheapplicableMortgageInterestRatelesstheapplicableServicingFeeinthecaseofPeriodicAdvancesmadebyaServicerandtotheapplicableNetMortgageInterestRateinthecaseofPeriodicAdvancesmadebytheMasterServicerorTrusteeand(ii)bytheamountofanyrelatedDebtServiceReductionsorreductionsintheamountofinterestcollectablefromtheMortgagorpursuanttotheSoldiers'andSailors'CivilReliefActof1940,asamended,orsimilarlegislationorregulationsthenineffect)ontheMortgageLoans,that(x)weredelinquentasofthecloseofbusinessontherelatedDeterminationDate,(y)werenotthesubjectofapreviousPeriodicAdvancebysuchServicerorofaPeriodicAdvancebytheMasterServicerortheTrustee,asthecasemaybeand(z)havenotbeendeterminedbytheMasterServicer,suchServicerorTrusteetobeNonrecoverableAdvances.TermAdvancehasthemeaningspecifiedinSection2.01(a).EligibleadvancemeansanadvancemadebeforeAugust19,1993.RevolvingAdvancehasthemeaninggiveninSection2.1.LoanAdvanceCompleteOutgoingWireRequestsectionbelowifalloraportionofthefundsfromthisloanadvanceareforanoutgoingwire.FromAccount#ToAccount#(LoanAccount#)AmountofAdvance$AllBorrower’srepresentationsandwarrantiesintheSecondAmendedandRestatedLoanandSecurityAgreementaretrue,correctandcompleteinallmaterialrespectsonthedateoftherequestforanadvance;provided,however,thatsuchmaterialityqualifiershallnotbeapplicabletoanyrepresentationsandwarrantiesthatalreadyarequalifiedormodifiedbymaterialityinthetextthereof;andprovided,furtherthatthoserepresentationsandwarrantiesexpresslyreferringtoaspecificdateshallbetrue,accurateandcompleteinallmaterialrespectsasofsuchdate:AuthorizedSignature:PhoneNumber:PrintName/Title:OUTGOINGWIREREQUEST:Completeonlyifalloraportionoffundsfromtheloanadvanceaboveistobewired.Deadlineforsamedayprocessingisnoon,PacificTimeBeneficiaryName:AmountofWire:$BeneficiaryBank:AccountNumber:CityandState:BeneficiaryBankTransit(ABA)#BeneficiaryBankCode(Swift,Sort,Chip,etc.):(ForInternationalWireOnly)IntermediaryBankTransit(ABA)#:ForFurtherCreditto:SpecialInstruction:Bysigningbelow,I(we)acknowledgeandagreethatmy(our)fundstransferrequestshallbeprocessedinaccordancewithandsubjecttothetermsandconditionssetforthintheagreements(s)coveringfundstransferservice(s),whichagreements(s)werepreviouslyreceivedandexecutedbyme(us).AuthorizedSignature:2ndSignature(ifrequired):PrintName/Title:Telephone#:EXHIBITEBORROWINGRESOLUTIONS[seeattached]CORPORATEBORROWINGCERTIFICATEBORROWER:Medallia,Inc.DATE:_______________,____BANK:SiliconValleyBankIherebycertifyasfollows,asofthedatesetforthabove:DelinquencyAdvanceAsdefinedinSection8.09(a)hereof.LIBORAdvancemeansanAdvancebearinginterestataratebasedupontheLIBORRate.MonthlyAdvanceWithrespecttoeachRemittanceDateandeachMortgageLoan,anamountequaltotheMonthlyPayment(withtheinterestportionofsuchMonthlyPaymentadjustedtotheMortgageLoanRemittanceRate)thatwasdueontheMortgageLoanontheDueDateintherelatedDuePeriod,andthat(i)wasdelinquentatthecloseofbusinessontherelatedDeterminationDateand(ii)wasnotthesubjectofapreviousMonthlyAdvance,butonlytotheextentthatsuchamountisexpected,inthereasonablejudgmentoftheServicer,toberecoverablefromcollectionsorotherrecoveriesinrespectofsuchMortgageLoan.TotheextentthattheServicerdeterminesthatanysuchamountisnotrecoverablefromcollectionsorotherrecoveriesinrespectofsuchMortgageLoan,suchdeterminationshallbeevidencedbyacertificateofaServicingOfficerdeliveredtotheMasterServicersettingforthsuchdeterminationandtheproceduresandconsiderationsoftheServicerformingthebasisofsuchdetermination.BaseRateAdvancemeansanAdvancethatbearsinterestasprovidedinSection2.07(a)(i).ApplicableAdvanceRateForeachCollateralObligationandfortheapplicablenumberofBusinessDaysbetweenthecertificationdateforasaleorparticipationrequiredbySection9.4andtheexpecteddateofsuchsaleorparticipation,thepercentagespecifiedbelow:SameDay1-2Days3-5Days6-15DaysSeniorSecuredLoanswithaMarketValueof:90%ormoreofpar100%93%92%88%below90%ofpar100%80%73%60%OtherCollateralObligationswithaMoody’sRatingofatleast“B3”andaMarketValueof90%ormoreofpar100%89%85%75%AllotherCollateralObligations100%75%65%45%TrancheBAdvancemeansanadvance(asfromtimetotimereducedbyrepaymentinaccordancewiththetermshereofortheCommonTermsAgreement)madeortobemadebytheTrancheBFacilityLendersundertheTrancheBFacility.FixedRateAdvancemeansanAdvancewhichbearsinterestataFixedRate.LIBORRateAdvancemeansanAdvancewhichbearsinterestataLIBORRate.InterestAdvancemeansanAdvancemadepursuanttoSection2.02(a).SwingLineAdvancemeansanadvancemadeby(a)theSwingLineBankpursuanttoSection2.01(c)or(b)anyRevolvingCreditLenderpursuanttoSection2.02(b).ReferenceRateAdvancemeansanAdvancewhichbearsinterestasprovidedinSection2.09(a).RequiredAdvanceAmountWithrespecttoanyDistributionDate,anamountequalto(a)theamountoftheMonthlyPaymentAdvancewithrespecttotheTrustLoan(takingintoaccountanyTrustAppraisalReductionAmountasofsuchDistributionDate)thatwouldberequiredtobemadeontherelatedRemittanceDatebytheServicerhadtheBorrowernotmadeanyportionoftheMonthlyPayment(oranAssumedMonthlyPayment)fortherelatedPaymentDate(oranassumedPaymentDate)less(b)theaggregatecompensationpayableonsuchRemittanceDatetotheServicerinrespectoftheServicingFee,totheCertificateAdministratorinrespectoftheCertificateAdministratorFee(includingtheportionthatconstitutestheTrusteeFee),totheOperatingAdvisorinrespectoftheOperatingAdvisorFeeandtoCREFC®inrespectoftheCREFC®IntellectualPropertyRoyaltyLicenseFee.MonthlyP&IAdvanceAnadvanceoffundsbytheMasterServicerpursuanttoSection4.02oraServicerpursuanttoitsSellingandServicingContracttocoverdelinquentprincipalandinterestinstallments.