Existing Advances definition

Existing Advances means Advances made under the Prior Credit Agreement (as defined therein) which are outstanding on the Effective Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Existing Advances has the meaning set forth in Section 2.01.

Existing Advances means the Advances (as defined in the Existing Credit Agreement) made under the Existing Credit Agreement and outstanding as of the Second Amendment and Restatement Date.

Examples of Existing Advances in a sentence

The parties hereto agree that, contemporaneously with the fulfilment of the conditions precedent set forth in Section 12.1, the Existing Advances shall be deemed to be outstanding under the Credit Facility and governed by the terms hereof as if they were initially issued hereunder.
All Existing Advances shall remain outstanding as of the Second Amendment and Restatement Date, shall be Advances for all purposes of this Agreement and the other Credit Documents and shall be allocated to the USD Tranche or the Multicurrency Tranche as set forth on Schedule 1 (as such Schedule 1 may be updated from time to time).
The Requested [Conversion][Continuation] consists of [a Conversion of the Existing Advances to [Base Rate Advances] [Eurodollar Advances]] [a continuation of the Existing Advances].
As of the date hereof, the Total Outstandings under the Existing Credit Agreement equals $ (the “Existing Advances”) and the Existing Advances are hereby deemed to be made under this Agreement.
The Requested [Conversion][Continuation]consists of [a Conversion of the Existing Advances to [Base Rate Advances] [Eurodollar Advances]] [a continuation of the Existing Advances].

More Definitions of Existing Advances

Existing Advances has the meaning given to such term in the preamble.

Existing Advances has the meaning set forth in Section 2.01 hereof.

Existing Advances has the meaning given in Section 2.1(d).

Existing Advances means Advances made under the Existing Credit Agreement that are outstanding as of the Closing Date.

Existing Advances means the Tranche A Advance in an amount equal to USD6,833,333.32 and the Tranche B Advance in an amount equal to HKD426,400,000.00 outstanding as at the Fourth Amendment Effective Date (for the avoidance of doubt, this does not include any advances made pursuant to a Completion Request delivered on the Fourth Amendment Effective Date, as provided for in the Common Terms Agreement Fourth Amendment Agreement).

Existing Advances means, with respect to any Existing Lender, Advances by such Lender outstanding as of the beginning of business on the Execution Date.

Existing Advances is defined in the Recitals.