Advance E definition

Advance E means the advance equal to the lesser of (i) USD10,000,000 and (ii) 50% of the Valuation Amount of Vessel E determined no more than 10 days prior to the Drawdown Date relating thereto, to be applied in refinancing such Vessel or, as the context requires, the amount thereof outstanding from time to time;

Advance E means the advance of USD24,000,000, to be applied in on-lending to Palermo, Hyperion and/or Sagittarius to refinance in part the purchase of Vessel A, Vessel B and Vessel C;

Advance E means the principal amount of up to the lesser of (i) USD4,000,000 and (ii) 50% of the Valuation Amount of Vessel E as at the relevant Drawdown Date, to be made available by the Lenders to the Borrowers subject to clause 2 of this Agreement for the purpose described in clause 2.1 or, as the context requires, the amount thereof outstanding from time to time;

Examples of Advance E in a sentence

• The Lenders, relying upon each of the representations and warranties in Clause 4 and subject to Clause 3, agree to make Advance E available to the Borrower upon and subject to the terms of this Agreement and the Facility Agreement to enable the Borrower to on-lend the same to Sagittarius, Palermo and Hyperion to refinance in part the purchase of Vessel A, Vessel B and Vessel C.

• Provides basic knowledge of risk, type of risk and tools of risk management2.3 Advance E Commerce and Mobile Commerce1.

• Therefore when it came to development our highest priority was to diversify the risks by employing a diverse range of development methodologies.

• Advance E was secured by the F250 and all property securing other advances as set forth in the Security Agreement‟s cross-collateralization provision.

• The due date for the first payment on Advance E was February 26, 2011, forty-five days after it was disbursed.

More Definitions of Advance E

Advance E means a borrowing of a part of the Total Commitments by the Borrowers up to the Ship Commitment in respect of Ship E, which is to be made available in relation to Ship E, and comprising a Commercial Facility Advance, a KEXIM Facility Advance, a KEXIM Covered Facility Advance and a K-sure Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.

Advance E means the principal amount of the Advance referred to in Clause 3.2(b)(v) made or to be made by the Lender pursuant to Clause 3 or (as the context requires) the principal amount thereof for the time being outstanding under this Agreement; and

Advance E means the principal amount equal to the lesser of (i) eight million eight hundred and fifty thousand Dollars (USD8,850,000) and (ii) 70% of the Valuation Amount of Vessel E as at the Drawdown Date of Advance E, for the purpose of the Borrowers making Advance E available to the Shareholder, which the Shareholder will use to pay to the current shareholder of Bole the purchase price of the shares in Bole, or, as the context requires, the amount thereof outstanding from time to time;

Advance E have the meanings given to them in Clause 2.1;

Advance E means an amount equal to the least of (i) $3,700,000, (ii) 55% of the Fair Market Value of Ship L and (iii) an amount which, when added to the Advances which have been drawn down on or prior to Advance E will equal 55% of the aggregate Fair Market Values of all the Guarantor Ships which will be subject to a Mortgage on the Drawdown Date in respect of Advance E, to be applied in or towards financing or refinancing the acquisition of Ship L or, as the context requires, the amount thereof outstanding from time to time;

Advance E means the Post-Delivery Junior Facility Advance related to Newbuilding A and referred to in Clause 4.5(a);

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