US Advance definition

US Advance means any advance made by a US Facility Lender or the Swing Line Lender to the US Borrower as part of a US Borrowing.
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US Advance means an advance by a US Lender to the US Borrower as a part of a Borrowing pursuant to Section 2.1(a) and refers to either a US Base Rate Advance or a Eurocurrency Advance. Each US Advance denominated in a Foreign Currency and made to the US Borrower shall be a Eurocurrency Advance.
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US Advance means any advance or conversion under the Credit Facility requested by the Borrower in U.S. Funds and advanced in U.S. Funds by the Lender;
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Examples of US Advance in a sentence

  • Each U.S. Swingline Loan shall be deemed to be a U.S. Advance hereunder and shall be subject to all the terms and conditions (including Section 4) applicable to other U.S. Advances, except that all payments (including interest) on any U.S. Swingline Loan shall be payable to the Swingline Lender solely for its own account.

  • Each Swing Loan shall be deemed to be a US Advance hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other US Advances, except that all payments on any Swing Loan shall be payable to Swing Lender solely for its own account.

  • Unless otherwise agreed by the Administrative Agent and the U.S. Borrowers, any U.S. Advance or U.S. Swingline Loan requested by the U.S. Borrowers and made by the Administrative Agent or the U.S. Revolving Lenders hereunder shall be made to the U.S. Designated Account.

  • Until each US Facility Lender funds its US Advance or risk participation pursuant to clause (c) above, interest in respect of such US Facility Lender’s US Pro Rata Share of the Swing Line Advances shall be solely for the account of the Swing Line Lender.

  • The “Class” of an Advance refers to the determination of whether such Advance is a US Advance, a Canadian Advance or a Swing Line Advance.


More Definitions of US Advance

US Advance means a US Contract Advance or a US Competitive Advance, in either case, in US Dollars.
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US Advance means a US Revolving Advance or a Term B Advance.
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US Advance means an Advance denominated in Dollars.
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US Advance means any advance or conversion under the Credit Facility requested by the Borrower in U.S. Funds and advanced by Royal in U.S. Funds or determined as such pursuant to Section 4.12;
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US Advance means a US Revolving Credit Advance, a US Letter of Credit Advance or a Swing Line Advance.
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US Advance means the aggregate amount advanced by the Lenders to the U.S. Borrower under any Type of U.S. Commitment pursuant to Article 2 hereof on the occasion of any borrowing.
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US Advance means an Advance made or to be made for the purposes set out in Clause 2.2 (a).
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