Bank Advance definition

Bank Advance means an Advance of Bank Borrowings.
Sample 1Sample 2Sample 3

Examples of Bank Advance in a sentence

  • Varied payment terms quoted by bidders as compared to the terms stated in the Tender document shall be normalized by adopting the SBAR [State Bank Advance Rate (Prime lending rate of SBI)] + 2% thereon on the amount(s) at variation and/or for the period (in no.

  • Rate of interest on working capital shall be equal to the State Bank Advance Rate as on 1st April of the relevant year.

  • Last installment due in June, 2016, rate of interest as per State Bank Advance Rate (SBAR).

  • The Loan is repayable by 84 monthly installment of` 30.70 Lacs starting from the month of April, 2011 and the last installment is due on March, 2018 Floating interest at 0.25% above State Bank Advance Rate (Benchmark PLR).

  • Bank Advance In conjunction with a solar energy investment, we were advanced $110 million due October 31, 2021.

  • In case of delay in submission of Security Deposit, interest will be levied at the rate of SBAR [State Bank Advance Rate (Prime lending rate of SBI)] + 2% for the delayed period.

  • Varied payment terms quoted by bidders as compared to the terms stated in the Tender document shall be normalized by adopting the SBAR {State Bank Advance Rate (Prime lending rate of SBI)} plus 2% thereon on the amount(s) at variation and/or for the period (in no.

  • If, at the end of any month, the transfer of excess hours from a Special Enrolled Participant’s Hour Bank to his Hour Bank Advance Account is sufficient to reduce such Hour Bank Advance Account to zero, then the Hour Bank Advance Account shall be deemed satisfied and the Administrator shall cease maintaining such Hour Bank Advance Account for such Participant.

  • PVC 63 mm diameter line connects to the sub-main lines to feed the group of risers.

  • At the end of each month, the Hour Bank Advance Account shall be adjusted with respect to excess hours transferred from the Special Enrolled Participant’s Hour Bank.

Related to Bank Advance

  • 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.

  • 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.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Advance has the meaning given in Section 2.1.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • 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.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Eligible advance means an advance made before August 19, 1993.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.