Advance 2 definition

Advance 2 means the loan made or to be made under this Agreement by the Lender to the Borrower (or the principal amount outstanding of that loan at any time and from time to time) pursuant to Clause 2.2.
Sample 1Sample 2Sample 3
Advance 2 means EUR157,520,342.30, being the principal and interest due in respect of certain PIK Notes due by the Borrower to the Lender as of the date of this Agreement, in respect of which the Borrower and the Lender wish to enter into a new agreement relating to the terms of repayment thereof, which new obligation will be designated as “Advance 2” under this Agreement, with the PIK Notes which formerly represented such obligation being cancelled promptly following execution of this Agreement.
Sample 1
Advance 2 on a prepayment or repayment (in whole or in part) of any amount of Advance 2, the Borrower shall pay to the Lender on the date of such prepayment or repayment the prepayment and repayment prices set out below, together with any accrued and un-capitalised interest up to and including the date of such prepayment or repayment. Repayment date Prepayment and repayment price 15 July 2009 to 14 July 2010 102 % 15 July 2010 to 14 July 2011 101 % 15 July 2011 and thereafter 100 %
Sample 1

Examples of Advance 2 in a sentence

  • In the event that any Payment Date falls on a day other than a Business Day, then the extension of time for making the payment that would otherwise be due on such Payment Date shall be (1) taken into account in establishing the interest rate for the respective Advance, (2) included in computing interest due in connection with such payment, and (3) excluded in computing interest due in connection with the next payment.

  • Commencing on the applicable Amortization Date, and continuing on the 2007 Payment Date of each month thereafter, for each 2007 Term Advance, Borrower shall make consecutive equal monthly payments of principal and interest, calculated by SVB based upon: (1) the amount of the 2007 Term Advance, (2) the interest rate set forth in Section 2.3(b)(iv) below, and (3) an amortization schedule equal to the Repayment Period.

  • Each such notice shall summarize the request for an Advance under the Revolving Loan and shall specify (1) the date of the requested Advance, (2) the aggregate amount of the requested Advance, (3) the applicable LENDER's Pro Rata Share of the requested Advance, and (4) the applicable interest rate selected by BORROWER with respect to such Advance, or any portion thereof, and, in the case of the LIBOR Option, the applicable LIBOR Based Interest Period, selected, or deemed selected, by BORROWER.

  • Subject to the terms and conditions of this Agreement, the Lender agrees that it will make Advance 2 to the Borrower in an amount equal to EUR91,318,076.05.

  • No later than (a) in the case of a Revolving Advance, 2 p.m. on the relevant Information Date and (b) in the case of any Swingline Advance, 2 p.m. on the relevant Notification Date, the Facility Agent shall, in respect of any Advance made or to be made under this Facility, deliver a Notification, together (in the case of a Revolving Advance) with a copy of any Asset Report required to be delivered in relation to such Revolving Advance.

  • Immediately upon the occurrence and during the continuance of an Event of Default, Obligations in connection with the Term Advance #2 shall bear interest at the Default Rate.

  • If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance #2 with respect to such Financed Equipment pursuant to Section 6.9 then such Equipment Advance #2 shall be prepaid to the extent and in the manner provided in such section.

  • If, at any time, the Agent determines that any of the Tranche A Advance 1 Balloon, the Tranche A Advance 2 Balloon, the Tranche A Advance 3 Balloon or the Tranche A Advance 4 Balloon exceeds 80 per cent.

  • Subject to the prior satisfaction of all other applicable conditions to the making of the Term Advance #2 set forth in this Agreement, to obtain the Term Advance #2, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Eastern time on or prior to the Effective Date.

  • Commencing on the Interest Payment Date that occurs in the month of April, 2013, and continuing on each Interest Payment Date thereafter, Borrower will make principal payments for each of Advance 1 and Advance 2 in the amount of the original Advance divided by eighty four (84) months as shown on Schedule XX.

Related to Advance 2

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Advance Date means the funding date of any Advance.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Advance fee means any consideration paid or given, directly or indirectly, to a mortgage lender, secondary mortgage broker or originator required to be licensed or registered pursuant to sections 36a-510 to 36a-524, inclusive, as amended by this act, prior to the closing of a secondary mortgage loan to any person, including, but not limited to, loan fees, points, broker's fees or commissions, transaction fees, or similar prepaid finance charges;

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Advance Interest means the interest accrued on any Servicing Advance which is payable to the party that made that Servicing Advance, in accordance with the Lead Securitization Servicing Agreement.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Equipment Advance is defined in Section 2.1.1.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Advance Facility As defined in Section 3.22.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

  • Eligible advance means an advance made before August 19, 1993.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).