Commercial Facility Advance definition

Commercial Facility Advance means the principal amount of each borrowing by the Borrower under this Agreement of a portion of the Commercial Facility Loan Commitment.
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Commercial Facility Advance means an advance of the Commercial Facility Commitments in accordance with clause 4 of this Agreement.
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Commercial Facility Advance means an advance of the Commercial Facility Commitments forming part of an Advance, being the Relevant Percentage, in relation to the Commercial Facility, of an Advance.
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Examples of Commercial Facility Advance in a sentence

  • Evidence in form and substance satisfactory to the Facility Agent that the amount of the Delivery Commercial Facility Advance (when aggregated with each of the other Advances and the Estimated Final Atradius Facility Advance) is sufficient to (together with equity or Indebtedness which is fully and effectively subordinated to the Facility Secured Obligations) pay all Eligible Delivered Costs.

  • Subject to the other provisions of this Agreement, each Commercial Facility Lender shall participate in each Commercial Facility Advance in the proportion which its Commercial Facility Loan Commitment bears to the Total Commercial Facility Loan Commitments.

  • Pursuant to clause 4.1 of the Agreement, we irrevocably request that you make the Advance in the sum of [●], being: [●] in respect of the GIEK Facility Advance; [●] in respect of the Commercial Facility Advance, to us on [●], which is a Banking Day, by paying the amount of the Advance to [●].

  • A Commercial Facility Advance is permitted for the amount by which the final Atradius Facility Advance is less than the Estimated Final Atradius Facility Advance.

  • Two versions exist, depending whether the 6th parameter is present.

  • To the extent not previously reduced, the amount of each instalment, except for the final instalment, shall be 1/24 of the amount of that Commercial Facility Advance and the amount of the final instalment shall be 15/24 of the amount of that Commercial Facility Advance.

  • In order to do so, the quality of the questions need to be improved.

  • A copy of the Budget updated as at the Drawdown Date of the Delivery Commercial Facility Advance (to be provided to the Facility Lenders as soon as practicable after receipt by the Facility Agent).

  • The Borrower shall procure that the Facility Agent (or its duly authorised representative) has received the documents and other evidence listed in Schedule 2, Part 3 of this Agreement by the earlier of (i) the date falling ten (10) Banking Days after the Delivery Date, and (ii) the date of the Delivery Commercial Facility Advance (the Completion Time).

Related to Commercial Facility Advance

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • 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.

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

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

  • 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.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • 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.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

  • 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.

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

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

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

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

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

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

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

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Company or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole.

  • Equipment Advance is defined in Section 2.1.1.

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

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.