Term Advances definition

Term Advances means, collectively, Term A Advances, Term B Advances and Term C Advances.

Term Advances is defined in Section 2.1.5(a).

Term Advances has the meaning specified in Section 2.2.

Examples of Term Advances in a sentence

• Each of Funding, the Master Issuer and the Security Trustee acknowledge and agree that Funding may from time to time enter into New Intercompany Loan Agreements and that the obligation of Funding to repay the Term Advances made under this Agreement will rank pari passu with the obligations of Funding to repay any such other loans made under such New Intercompany Loan Agreements.

• The Cash Manager shall ensure that all payments of interest and repayments of principal on each of the Term Advances are recorded in the Intercompany Loan Ledger.

• Upon the Security Trustee declaring the Term Advances to be immediately due and payable pursuant to Clause 15.10, the amount due and payable in respect of each Term Advance shall be paid by Funding without penalty or premium but subject to Clause 16.

• The aggregate of such Term Advances to be made on the relevant Closing Date will only be available for drawing in one amount by Funding on the relevant Closing Date.

• The Cash Manager shall ensure that all Funding Principal Receipts reserved by Funding to be set aside to pay the relevant Bullet Term Advances and/or, as applicable, the relevant Scheduled Amortisation Term Advances are recorded on the Cash Accumulation Ledger.

More Definitions of Term Advances

Term Advances means the Tranche A Advances, the Tranche B Advances, the Tranche B1 Advances, the Tranche C Advances, the Tranche C1 Advances and the Tranche D Advances and “Term Advance” means any of them;

Term Advances means the Equipment Advance and the Term Loan B Advances.

Term Advances means cash advances made pursuant to Section 2.1.

Term Advances means cash advances made under the First Term Loan Facility and the Second Term Loan Facility.

Term Advances accurately summarises its participation in the Credit Agreement and the Interest Period or Term of any existing Advances and (b) requests the Transferee to accept and procure the transfer by novation to the Transferee of the Portion Transferred (specified in the schedule hereto) of its Term Commitment and/or its participation in such Advances) by counter-signing and delivering this Transfer Certificate to the Agent at its address for the service of notices specified in the Credit Agreement.

Term Advances has the meaning set forth in Section 2.4(a).

Term Advances means Tranche X Advances, Tranche B Advances and Incremental Term Advances.