Advance A definition

Advance A means the advance equal to the lesser of (i) USD17,000,000 and (ii) 50% of the Valuation Amount of Vessel A determined no more than 10 days prior to the Drawdown Date relating thereto or, as the context requires, the amount thereof outstanding from time to time;

Advance A means the borrowing by the Borrower of a part of the Commitment under this Agreement in an amount not exceeding the relevant Maximum Advance Amount or, as the context may require, the principal amount outstanding of that Advance at any relevant time.

Advance A means an amount equal to the lesser of (i) an amount not exceeding 35 per cent. of the Initial Market Value of the Ship and (ii) $10,000,000, made available to the Borrower pursuant to the terms of this Agreement;

Examples of Advance A in a sentence

• Construction Advance (A) = C- (B*N) Where: A = the Construction Advance paid to the Company by the Customer C = the total estimated cost of construction for facilities required along the traveled way to meet the distribution service requirements of the development.

• At least three (3) Business Days prior to the Payment Date for each LIBOR Advance, the Borrower shall give the Administrative Agent telephonic notice followed by written notice specifying whether all or a portion of such LIBOR Advance (A) is to be Continued in whole or in part as one or more LIBOR Advances, (B) is to be Converted in whole or in part to a Base Rate Advance, or (C) is to be repaid.

• Construction Advance (A) = [ C - [ D x M ] ÷ K ] where A= Construction Advance paid to the Company by the Customer.

• Construction Advance (A) = C – (R/k) Where:A = the Construction Advance paid to the Company by the Customer.C = the total estimated cost of construction for facilities required exclusively to meet the distribution service requirement of the Customer.

• Each Advance shall be made by Lender to Borrower subject to the limitations contained in this Agreement; provided, that the Lender shall have no obligation to make any Advance (A) that exceeds its Net Income for the then-current calendar month or (B) if there is an Event of Default or a Default (as defined below).

More Definitions of Advance A

Advance A means the principal amount of the borrowing by the Borrowers under this Agreement in respect of Ship A or, as the context may require, the principal amount outstanding of such Advance in respect of that Ship under this Agreement;

Advance A means, in relation to Ship A, an amount equal to the lesser of (i) $7,150,000 and (ii) 65 per cent. of the Purchase Price of that Ship, to be made available to the Borrowers in a single amount for the purpose of financing part of the acquisition cost of Ship A;

Advance A means an Advance up to a maximum of $136,250,000 comprising the KEXIM Facility Advance A and the Commercial Facility Advance A relative to Ship A.

Advance A means the advance equal to the lesser of (i) USD28,000,000 and (ii) 50% of the Valuation Amount of Vessel A no more than 14 days prior to the Drawdown Date in respect of Advance A, to be applied in or towards financing or refinancing the acquisition of Vessel A or, as the context requires, the amount thereof outstanding from time to time;

Advance A means the amount of USD 15,245,000 to be made available to Aramis to enable Aramis to repay all amounts outstanding under the Aramis Loan Agreement;

Advance A means the principal amount of the borrowing by the Borrowers under this Agreement in respect of Ship A or, as the context may require, the principal amount outstanding of such Advance in respect of that Ship under this Agreement.

Advance A means an amount equal to the relevant Maximum Advance Amount in respect of that Advance to be used in or towards financing in part the Contract Price of Ship A or, as the context may require, the principal amount outstanding of that Advance at any relevant time;