Advance Due Date definition
Examples of Advance Due Date in a sentence
The Borrower acknowledges and agrees that Lender may make any such demand in its sole and absolute discretion and nothing in this Agreement or any Collateral Advance Confirmation (including the specification of a Collateral Advance Due Date therein) will limit the Lender’s right to be repaid in full and in readily available funds the amount of any or all outstanding Collateral Advances upon demand therefor.
For purposes of all calculations relating to the Borrowing Base Test, any Market Value Trigger Event, the Net Asset Value, the Collateral Principal Amount and related terms hereunder, (x) during the period commencing on the Second Amended and Restated Effective Date and ending on (and including) the earlier of (1) the Bridge Advance Due Date and (2) the date the Bridge Advance is repaid in full, the Bridge Advance Portfolio Investment, the Bridge Commitment and the Bridge Advance shall be disregarded.
If the Obligations incurred in connection with an Advance are not paid in full by the Advance Due Date, payment of such Obligations shall be made from the proceeds of any of Seller’s Accounts, irrespective of whether such proceeds derive from the specific Account generated by the Accepted P.O., within fifteen (15) days after the Advance Due Date.
In the absence of such a demand, the Borrower shall repay each Collateral Advance on the earliest of (i) the date specified in the Collateral Advance Confirmation related to such Collateral (the “Collateral Advance Due Date"); (ii) pursuant to Section 12, upon an Event of Default; and (iii) upon the termination of this Agreement.
Each Advance (constituting the Principal Component of each Drawing) shall be repaid on the Advance Due Date applicable to such Advance; provided, that if the conditions to the making of the Term Loan set forth in Section 3.3 are satisfied on such Advance Due Date, such Advance shall convert to a Term Loan in accordance with Section 2.2.
Interest on each Advance shall be payable in arrears on the first Business Day of each month and on the Advance Due Date or as otherwise provided pursuant to Sections 2.6 and 8.2 hereof.
Borrower must pay Lender, accrued interest on each Warehousing Advance on the Warehousing Advance Due Date or upon prepayment of such Warehousing Advance.
The Borrower must pay the Lender accrued interest on each Warehousing Advance on the Warehousing Advance Due Date or upon prepayment of such Warehousing Advance.
Borrower must pay Administrative Agent on behalf of Lenders and for the benefit of Lenders, accrued interest on each Warehousing Advance on the Warehousing Advance Due Date or upon prepayment of such Warehousing Advance.
Agent shall notify each Lender no later than 11:00 a.m. of the Swing Line Advance Due Date of an Advance Request funded by a Swing Line Advance and of such Lender’s Commitment Percentage in the Advance to refinance such Swing Line Advance.