ADVANCE shall definition

ADVANCE shall mean an advance made by Bank to Borrower (including without limitation, any advance under any Letter of Credit), pursuant to the provisions, terms and conditions of Section 2 of this Agreement.
Sample 1
ADVANCE shall mean an advance of funds by Lender, pursuant to this Agreement or one of the other Loan Documents.
Sample 1

Examples of ADVANCE shall in a sentence

  • All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "ADVANCE") shall become part of the principal of said Promissory Note.

  • MOBILISATION ADVANCE shall be released to the contractor for commencing the work.

  • The Tenderers are advised to note that NO MOBILISATION ADVANCE shall be released to the contractor for commencing the work.

  • Where the barrier is composed of horizontal and vertical members and the distance between the tops of the horizontal members is 45 inches (1143 mm) or more, spacing between vertical members shall not exceed 4 inches (102 mm).

  • Many of us have grown so accustomed to strictly following the rules of pandemic life that it feels somehow un- natural to let our guard down, even a little.Watching President Biden’s State of the Union address on Tuesday night, where hardly anyone wore a mask and social distancing was spotty, we fret- ted.

  • A "BASE RATE ADVANCE" shall mean an Advance as to which interest accrues on the outstanding principal amount thereof from the date of issuance or conversion thereof, as the case may be, until such principal amount shall be paid in full, at a rate per annum equal to the highest of (x) the rate of interest announced by Barclays Bank PLC in New York, New York, from time to time, as its "base rate"; and (y) 1/2 of one percent per annum above the Federal Funds Rate (as hereinafter defined).

  • An initial advance of the proceeds of the Loan in an amount not to exceed $5,537,500 (the "INITIAL ADVANCE") shall be made Lender to Borrower to finance, in part, the acquisition of the Property.

  • Whenever possible, detailed supervisors tasks should be conducted by civilian police with the support of PSO forces.

  • For the purpose of the MLA, and for the purposes of the MLA and any Supplement (the MLA, Supplements and all other Loan Documents, together being sometimes referred to as the "Agreement"), except as otherwise expressly provided or unless the context otherwise requires, the capitalized terms used shall have the following meanings: ADVANCE shall mean an advance of funds by Lender to CGI pursuant to any Supplement.

  • Interest on the aggregate principal balance of each Equipment Advance made after the First Equipment Line Loan Conversion Date (each a "SECOND TRANCHE EQUIPMENT ADVANCE") shall accrue beginning on the date that each such Second Tranche Equipment Advance is made.

Related to ADVANCE shall

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • ABR Advance means an Advance which bears interest at the Alternate Base Rate.

  • Disbursement Date is defined in Section 2.6.2.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche A Advance means each Advance allocated to Tranche A pursuant to, and in accordance with, this Agreement.

  • Tranche B Advance means each Advance allocated to Tranche B pursuant to, and in accordance with, this Agreement.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Advance Date means the funding date of any Advance.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Loan Termination Date means the earlier of (a) May 3, 2010 (or such later date as may be agreed upon pursuant to Section 2.21 hereof), and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.2 hereof or the Revolving Loan Commitments pursuant to Section 8.1 hereof.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Unscheduled Holiday means a day that is not a Fixing Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m. local time in Mumbai, two Fixing Business Days prior to the relevant Rate Fixing Date.

  • Monthly Advance With respect to each Remittance Date and each Mortgage Loan, an amount equal to the Monthly Payment (with the interest portion of such Monthly Payment adjusted to the Mortgage Loan Remittance Rate) that was due on the Mortgage Loan on the Due Date in the related Due Period, and that (i) was delinquent at the close of business on the related Determination Date and (ii) was not the subject of a previous Monthly Advance, but only to the extent that such amount is expected, in the reasonable judgment of the Servicer, to be recoverable from collections or other recoveries in respect of such Mortgage Loan. To the extent that the Servicer determines that any such amount is not recoverable from collections or other recoveries in respect of such Mortgage Loan, such determination shall be evidenced by a certificate of a Servicing Officer delivered to the Master Servicer setting forth such determination and the procedures and considerations of the Servicer forming the basis of such determination.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Scheduled Commitment Termination Date means June 1, 2024, as such date may be extended by mutual agreement of the parties hereto (each, in their sole and absolute discretion) pursuant to Sections 2.23 and 12.01(b).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Emergency Advance Any Property Advance that, pursuant hereto, the Special Servicer is required to either (a) make (in its sole discretion in accordance with the Servicing Standard) or (b) to request the Master Servicer to make, that must be made in an emergency situation or on an urgent basis within two (2) Business Days of the Special Servicer becoming aware that it must be made in order to avoid any material penalty, any material harm to a Mortgaged Property securing a Mortgage Loan or any other material adverse consequence to the Trust Fund or any related Companion Loan Holder.

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Commitment Termination Date means the earliest of

  • Tranche B Term Loan Maturity Date means the earlier of (i) the seventh anniversary of the Closing Date, and (ii) the date that all Tranche B Term Loans shall become due and payable in full hereunder, whether by acceleration or otherwise.

  • Tranche B Term Loans means the term loans made by the Lenders to the Borrower pursuant to clause (b) of Section 2.01. Each Tranche B Term Loan shall be either a Eurodollar Term Loan or an ABR Term Loan.