Advance definition

Advance means a borrowing hereunder, (i) made by the Lenders on the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans, for the same Interest Period.
Advance means the portion of the Commitment Amount requested by the Company in the Advance Notice.
Advance means an advance by a Lender to the Borrower as part of a Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a “Type” of Advance).

Examples of Advance in a sentence

If the Bank is unable to execute the SI for three (3) consecutive months, the Advance Link Account-I shall be closed on the day before the next SI is to be effected unless there are sufficient funds in the linked Advance Account-i.

A maximum of 10 Advance Link Accounts-i can be set up for each Advance Account-i.

The Customer is only required to set up one SI for each Advance Link Account-i.

The Customer can personalise the Advance Link Account-i with a name of up to twenty-eight (28) characters which will appear on Online Banking for the Customer’s reference only.

To open a Advance Link Account-i, the Customer must have: • a Advance Account-i; and • registered and activated Online Banking.


More Definitions of Advance

Advance or “Advances” means an advance (or advances) under the Revolving Line.
Advance means an Interest Advance, a Final Advance, a Provider Advance, an Applied Provider Advance or an Unpaid Advance, as the case may be.
Advance means a borrowing hereunder consisting of the aggregate amount of the several Loans made by the Lenders to the Borrower of the same Type and, in the case of Eurodollar Rate Advances, for the same Interest Period.
Advance or “Advances” means a revolving credit loan (or revolving credit loans) under the Revolving Line.
Advance means any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property pursuant to the Note A-1 PSA or the Note A-2 PSA.
Advance means either a P&I Advance or a Servicing Advance.
Advance means any Revolving Credit Advance or Swing Line Advance, as the context may require.