First Advance definition

First Advance has the meaning ascribed to it in Section 2.02(a).
First Advance means, with respect to each Eligible Project or Preliminary Eligible Project, as applicable, the first Advance of the Guaranteed Loan for such Eligible Project or Preliminary Eligible Project, as applicable, occurring on the relevant First Advance Date.
First Advance in relation to the Andros Ship and the Andros Tranche, means the Andros First Advance;

Examples of First Advance in a sentence

  • If the First Advance has not occurred by the Initial First Advance Cut-off Date, then DOE may terminate this Agreement upon no less than ten (10) Business Days’ prior written notice to the Borrower.

  • The Initial First Advance shall have been requested by no later than the Initial First Advance Cut-off Date.


More Definitions of First Advance

First Advance means the first Advance of the Guaranteed Loan occurring on the First Advance Date.
First Advance means the initial Advance of Loan Funds.
First Advance shall have the meaning ascribed thereto in Section 2.3 hereof.
First Advance means the first advance by the Lender of the Loan;
First Advance means, with respect to each Tranche, the first Advance of the Guaranteed Loan advance under such Tranche occurring on the relevant First Advance Date.
First Advance means the first Advance under the Facility to be made by the Lenders in favour of the Borrower.
First Advance means the first Advance made to the Borrower under this Agreement.