Committed Advance definition
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.
Committed Advance means a borrowing hereunder consisting of the aggregate amount of the several Committed Loans made by the Lenders to the applicable Borrower at the same time, of the same Type and, in the case of Eurocurrency Rate Advances, for the same Interest Period.
Committed Advance has the meaning specified in Section 2.01(a).
Examples of Committed Advance in a sentence
No Class B Lender shall make any such Committed Advance or portion thereof if it would cause the aggregate outstanding principal balance of the Class B Advances to exceed the Class B Maximum Committed Available Amount as then in effect.
No Class A Lender shall make any such Committed Advance or portion thereof if it would cause the aggregate outstanding principal balance of the Class A Advances to exceed the Class A Maximum Committed Available Amount as then in effect.
More Definitions of Committed Advance
Committed Advance shall have the meaning assigned to such term in Section 2.01(a) hereof.
Committed Advance means any Advance made to a Borrower by any Lender in accordance with its Applicable Percentage pursuant to Section 2.1(a).
Committed Advance shall have the meaning assigned to such term in Section 2.02(b).
Committed Advance means a Revolving Credit Advance or a Canadian Prime Rate Advance.
Committed Advance means an A Advance or a Local Currency Advance.
Committed Advance means an unfunded approval that has been issued to an ----------------- Approved Vendor by Lender, pursuant to which Lender commits to fund a Borrower's obligations under a purchase order submitted by a Borrower to such Approved Vendor.
Committed Advance means a Pro Rata Advance or a Term Loan, as the context requires.