Existing Advances definition

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

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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.

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.

• The Lender has no further commitment to make any Advances hereunder, other than the Existing Advances deemed to be made pursuant hereto on the Effective Date.

• Except for Existing Advances, any future advances made to the Mortgagor prior to (and excluding) the Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term reflected on the related Mortgage Loan Schedule.

• 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 assets of REMIC I will consist of all of the assets constituting the Trust Fund other than (i) the Principal and Interest Account, (ii) the assets of REMIC II and REMIC III and (iii) amounts in respect of the Existing Advances and any payments of interest in respect of such Existing Advances, which are retained by the Transferor.

More Definitions of Existing Advances

Existing Advances has the meaning set forth in Section 2.01.

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

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 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 has the meaning set forth in Section 2.01(a)(i) hereof.

Existing Advances means the "Advances" under, and as defined in, the Existing Credit Agreement outstanding as of the Restatement Date as specified in Section 2.1

Existing Advances means the aggregate principal amount of £368,263,474.56 outstanding under the Facility which will be repaid and re-advanced in accordance with the provisions of Clause 2 (The Facility) on the Closing Date.