Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;
Agent Advance shall have the meaning provided in Section 2.01(e).
Tranche A Advance has the meaning specified in Section 2.01(a).
Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.
Term Advance has the meaning specified in Section 2.01(a).
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Drawdown means the drawdown of a Tranche under the Loan Facility;
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.
Advance Date means the funding date of any Advance.
Loan Advance The meaning specified in Section 2.2(a).
Equipment Advance is defined in Section 2.1.1.
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.
Maximum Revolving Advance Amount means $25,000,000.
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Revolving Advance has the meaning given in Section 2.1.
P&I Advance Date The Business Day immediately prior to each Distribution Date.
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.
Final Advance means an Advance made pursuant to Section 2.02(d).
Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.
Credit Event Amount means, with respect to any Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.
Interest Advance means an Advance made pursuant to Section 2.02(a).
PMI Advance As defined in the related Servicing Agreement, if applicable.
Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;
Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.
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.
Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.