Bordeira Advance definition

Bordeira Advance means an Advance in respect of the Bordeira Ship in an amount in Dollars equal to the lower of (i) $40,106,250, (ii) fifty seven and one half of one per cent (57.5%) of the Contract Price of the Bordeira Ship and (iii) sixty seven and one half of one per cent (67.5%) of the market value of the Bordeira Ship as evidenced by the arithmetic mean of the valuations provided pursuant to paragraph 7, Part 2 of Schedule 4 in respect of such Ship or, as the context may require, the principal amount of such Advance owing to the Lenders at any relevant time;
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Related to Bordeira 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.

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

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • 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.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Tranche A 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.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • 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).

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

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

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

  • 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.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).