ADVANCE PROCEDURES definition

ADVANCE PROCEDURES. Funding(s) up to the insured portion and up to Borrowing Base Availability will be provided only after shipment(s) occur. Funding package must include the Request for Advance (via fax or e-mail) and Regions Bank (the “Bank”) must have received the following monthly (or more frequently, if requested by Regions Bank):
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ADVANCE PROCEDURES. At least three (3) Business Days prior to the requested date of advance (other than the initial advance made on the date hereof), Borrower may make a written request to Lender for direct advances pursuant to Tranche B, which request shall include a detailed description of the proposed use of the proceeds of such advance. If all participants with respect to Tranche B consent to the making of such advance (to the extent required by the terms of any applicable Participation Agreement), Lender will make the advance requested by Borrower on the requested date.
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ADVANCE PROCEDURES. At least three (3) Business Days prior to the requested date of advance (other than the $1,000,000 advance made on the date hereof and the $1,500,000 advance to be used to make the principal payment on Tranche A due on December 18, 1998), Borrower may make a written request to Lender for direct advances pursuant to Tranche B, which request shall include a detailed description of the proposed use of the proceeds of such advance. If all participants with respect to Tranche B consent to the making of such advance (to the extent required by the terms of any applicable Participation Agreement), and all such participants have fully paid for their participation, Lender will make the advance requested by Borrower on the requested date.
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Examples of ADVANCE PROCEDURES in a sentence

  • Section 1.1 Defined Terms 1 Section 1.2 Other Definitional Provisions 49 ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES Section 2.1 Advances 51 Section 2.2 Funding of Advances 51 Section 2.3 Notes 52 Section 2.4 Repayment and Prepayments 52 Section 2.5 Permanent Reduction of Facility Amount 53 Section 2.6 Extension of Revolving Period 53 Section 2.7 Calculation of Discount Factor 53 Section 2.8 Increase in Facility Amount 54 Section 2.9 Defaulting Lenders 54 ARTICLE III YIELD, UNDRAWN FEE, ETC.

  • ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES 4748 Section 2.1 Advances 4748 Section 2.2 Funding of Advances 4748 Section 2.3 Notes 4849 Section 2.4 Repayment and Prepayments 4850 Section 2.5 Defaulting Lenders 4950 Section 2.6 Replacement of Lenders 5051 Section 2.7 Extension of Revolving Period 5152 Section 2.8 Increase of Facility Amount 5153 ARTICLE III YIELD, FEES, ETC.

  • Section 1.1 Defined Terms 1 Section 1.2 Other Definitional Provisions 51 ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES Section 2.1 Advances 53 Section 2.2 Funding of Advances 53 Section 2.3 Notes 54 Section 2.4 Repayment and Prepayments 54 Section 2.5 Permanent Reduction of Facility Amount 55 Section 2.6 Extension of Revolving Period 55 Section 2.7 Calculation of Discount Factor 56 Section 2.8 Increase in Facility Amount 58 ARTICLE III YIELD, UNDRAWN FEE, ETC.


More Definitions of ADVANCE PROCEDURES

ADVANCE PROCEDURES means the procedures described in Section 5.2 (Advance Procedures) and Schedule 2 (Advance Procedures) or such other advance procedures as may be agreed between the Parties from time to time.
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