Borrower Advance definition
Examples of Borrower Advance in a sentence
Receipt by DOE from the Borrower of an Advance Request and a Borrower Advance Date Certificate pursuant to Section 2.03(a) (Advance Requests).
The Canadian Borrower shall repay to the Agent for the ratable account of the Canadian Lenders on the Termination Date the aggregate principal amount of the Canadian Borrower Advances then outstanding; provided that the Canadian Borrower shall repay such amount in the currency in which such Canadian Borrower Advance was made.
Lender shall on a monthly basis render to Borrower Advance Account information, which may be effected by means of posting such information to Lender's data base.
At the option of the US Borrowers, any US Swingline Loan may be retained by PASUG, or may be disbursed by PASUG, as applicable, to a Credit Party other than the US Operating Borrower to which such US Swingline Loan relates, but only to the extent that such retention or disbursement would constitute a US Operating Borrower Advance that is permitted under Section 7.2(i) hereof.
The TCF Administrative Agent shall have received a duly executed Borrower Advance Certificate.
Notwithstanding anything to the contrary contained herein, (i) no Prime Rate Borrowing Tranche will be permitted hereunder except as may be required pursuant to Sections 4.3.2 or 4.4, and (ii) in no event will Borrower be entitled to more than 1 Borrower Advance.
Each Borrower Advance included in any Borrowing Base Certificate, report or other document as an Eligible Borrower Advance as of the date of such Borrowing Base Certificate meets all of the requirements of an Eligible Borrower Advance as set forth in the definitions of Eligible Borrower First Lien Advance, Eligible Borrower Royalty Receivable Advance or Eligible Borrower Second Lien Advance, as applicable.
The purchase price for the Economic Interest and the Option shall be (i) Assignee’s funding of each Borrower Advance made under the Note after the Effective Date and (ii) Assignee’s funding of its pro-rata share of any costs of collection, including attorney fees (collectively, the “Purchase Price”).
Notwithstanding anything to the ------------------------------ contrary contained in Section 2.7 or 2.8, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Subsidiary Borrower, declare that no Subsidiary Borrower Advance may be made as, converted into or continued as a Eurocurrency Advance.
Thereafter, Assignee shall fund an amount to Assignor equal to the amount of the Borrower Advance and upon such funding, Assignee shall own the Economic Interest related to the Borrower Advance so funded by Assignee.