ADV Loans definition
ADV Loans means one or more assignments of any portion of the ADV from QUALCOMM to Borrower pursuant to an ADV Assignment and Acceptance, subject, in each case, to the terms and conditions of the Order and this Agreement. For all purposes of this Agreement, the outstanding principal amount of each ADV Loan shall be denominated in Dollars and shall be equal to the amount designated by Borrower in its Borrowing Request in respect of such ADV Loans which shall not exceed the Net Winning Bid(s) for the License(s) acquired (in whole or in part) with the proceeds of such ADV Loan. All amounts of interest, fees and any other amounts payable with respect to the outstanding principal amount of such ADV Loan shall be calculated on the basis of such principal amount.
Examples of ADV Loans in a sentence
Such Loans shall be extended by means of making ADV Loans from QUALCOMM to Borrower; provided, however, that (i) each Lender shall (subject as aforesaid) make a Cash Loan to Borrower to finance the payment of the Commitment Fee when due and (ii) QUALCOMM shall have the right, at its sole option, to make all or a portion of the Loans contemplated by Section 2.1(b)(ii) as Cash Loans, rather than as ADV Loans.