ADVANCE shall definition

ADVANCE shall mean an advance made by Bank to Borrower (including without limitation, any advance made to reimburse the Bank for drawings 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.

  • The maximum accumulation in a medical leave account shall be 1,080 hours.

  • Each ADVANCE shall bear interest at LENDER's then applicable Base Rate (as hereinafter defined), plus two (2) percentage points until the Maturity Date, and thereafter the interest rate on such ADVANCE shall increase by an additional three percent (3%) per annum until repaid.

  • ADVANCE shall only recommend, use, procure or assist in the use or procurement of pesticides approved in this PERSUAP, with formulations that are above USEPA Toxicity Class II and registered in Ghana by the Ghana Environmental protection agency.

  • Terms not defined herein shall have the meaning given in the Lease: ADVANCE shall mean up to Five Dollars ($5.00) multiplied by the rentable square feet of the Premises.

  • 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.

  • The unpaid principal with respect to a particular ADVANCE, shall be due and payable in full upon the MATURITY DATE with respect to said ADVANCE.

  • Direct solar radiation is high during the first days whereas the three following days are cloudy as diffuse solar radiation is high (cf.

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.

  • 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 has the meaning specified in Section 2.01(a).

  • 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 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) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 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 Settlement 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 the principal financial centre of the Specified Currency two Settlement Business Days prior to the relevant Rate Fixing Date. As soon as the Calculation Agent is aware of such an Unscheduled Holiday, they shall inform the Issuer promptly.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • 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 April 16, 2024.

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

  • Tranche C Term Loan as defined in Section 2.1.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

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

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.