Facility A Advance definition

Facility A Advance means an Advance of Facility A.

Facility A Advance means (a) a direct advance by a Lender to the Canadian Borrower by way of Canadian Rate Advance, US Base Rate Advance or SOFR Advance pursuant to Section 3.2, (b) the Acceptance of Bankers’ Acceptances pursuant to Section 10.1 and BA Equivalent Advances pursuant to Section 10.3, (c) the issuance of a Letter of Credit pursuant to ARTICLE 11, and (d) unless the context otherwise requires, a Swingline Advance.

Facility A Advance means (i) each borrowing of a portion of the Commitments under Facility A by a Borrower or (ii) (as the context may require) the principal amount of such borrowing for the time being outstanding;

Examples of Facility A Advance in a sentence

• The Facility A Lenders shall deliver the proceeds of such Facility A Advance to the Administrative Agent by 12:00 noon (Chicago time) on the applicable Borrowing Date for application to the Swing Line Bank’s outstanding Swing Line Loans.

• The payment by the Issuing Bank of a draft ------------------------- drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by the Issuing Bank of a Facility A Advance, which shall bear interest at the Base Rate Basis, in the amount of such draft (but without any requirement for compliance with the conditions set forth in Article 3 hereof).

• The need for data integration in determining the cost of materials becomes a very important part in the garment industry.

• The payment by the Issuing Bank of a draft ------------------------- drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by the Issuing Bank of a Facility A Advance, which shall bear interest at the Base Rate Basis, in the amount of such draft (but without any requirement for compliance with the conditions set forth in Article 3 --------- hereof).

• Subsequent Interest Periods in respect of a Facility A Advance or Facility B Advance will commence on the last day of the preceding Interest Period of that Facility A Advance or Facility B Advance, as the case may be.

More Definitions of Facility A Advance

Facility A Advance means an advance made to the Borrower under Facility A or any advance to the Borrower converted to a Facility A Advance pursuant to clause 6.3;

Facility A Advance means an Advance made pursuant to Section 2.1(a) hereof. ------------------ --------------

Facility A Advance means an advance made or to be made under Facility A (other than a Term-out Advance) or the principal amount outstanding for the time being of that advance.

Facility A Advance means any Revolving Credit Loan or Facility A Letter of Credit Advance under Section 2.1(a).

Facility A Advance means an Advance made pursuant to Section 2.1(a) of the ------------------ Credit Agreement.

Facility A Advance means (a) a direct advance by a Lender to the Canadian Borrower by way of Canadian Rate Advance, US Base Rate Advance or LIBO Rate Advance pursuant to Section 3.2, (b) the Acceptance of Bankers’ Acceptances pursuant to Section 10.1 and BA Equivalent Advances pursuant to Section 10.3, (c) the issuance of a Letter of Credit pursuant to ARTICLE 11, and (d) unless the context otherwise requires, a Swingline Advance.

Facility A Advance means a Loan pursuant to Facility A.