Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Drawdown means the drawdown of a Tranche under the Loan Facility;
Tranche A Advance has the meaning specified in Section 2.01(a).
Term Advance has the meaning specified in Section 2.01(a).
Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Agent Advance shall have the meaning provided in Section 2.01(e).
Loan Advance The meaning specified in Section 2.2(a).
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Revolving Advance has the meaning given in Section 2.1.
Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).
Tranche B Loan has the meaning specified in Section 2.01(b).
Maximum Revolving Advance Amount means $25,000,000.
Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;
Equipment Advance is defined in Section 2.1.1.
Advance Date means the funding date of any Advance.
Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.
Tranche C Loan has the meaning specified in Section 2.01(c).
PMI Advance As defined in the related Servicing Agreement, if applicable.
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Term Loan Advances are each defined in Section 2.1.1(a).
Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.
Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.