Early Advance definition

Early Advance has the meaning ascribed thereto in Section 13.a.
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Examples of Early Advance in a sentence

  • Equity Offering and Pro Rata Entitlement relating to the Initial Equity Offering shall be applied in the following order of priority: (i) to repay the Early Advance; (ii) to pay all required fees, costs and expenses of the Initial Equity Offering; (iii) to fund OT Project costs relating to underground and power, if applicable, (including the servicing of Senior Loans and the payment of interest and fees in relation thereto); and (iv) to fund TRQ’s general and administrative costs.

  • Notwithstanding anything to the contrary in Section 20, TRQ agrees to complete one or more initial Equity Offerings raising aggregate gross proceeds of at least the greater of US$650 million and the amount then drawn and outstanding under the Early Advance by no later than the Early Advance Maturity Date (the “Initial Equity Offering”).

  • Any Advance shall only be made to the extent there are no funds available to TRQ and its subsidiaries (after allowing for the need for cash reserves for working capital purposes of US$200 million in the aggregate and taking account any remaining availability under the Early Advance).

  • The parties shall use their respective reasonable commercial efforts to cause the Early Advance to be negotiated and entered into within 30 days of the date hereof.

  • Any Early Advance shall only be made to the extent there are no funds available to TRQ and its subsidiaries (after allowing for the need for cash reserves for working capital purposes of US$200 million in the aggregate).

  • The final terms of the Early Advance, including full form binding documentation, must be acceptable to TRQ and Rio Tinto.

  • At December 31, 2016, the Company had borrowings of $74.8 million under the Early Advance Reimbursement Agreement, which has a capacity of $200.0 million.

  • The funds for this payment would be made available on the same terms as the Early Advance and being repayable to Rio Tinto at the same time as the Initial Equity Offering; and • Providing to Turquoise Hill Rio Tinto’s commitment to participate pro rata in the Initial Equity Offering subject to certain pre-conditions set forth in the HoA.