Initial Term Advance definition

Initial Term Advance means a borrowing hereunder consisting of the aggregate amount of the Initial Term Loans (i) made by the Initial Term Lenders on the same Borrowing Date or (ii) converted or continued by the Initial Term Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the Initial Term Loans of the same Type and, in the case of Eurocurrency Loans, for the same Interest Period.

Initial Term Advance has the meaning specified in Section 2.01(a).

Initial Term Advance means each term advance made on the First Assignment Date by the Issuer to the LLP from the proceeds of the first issue of Covered Bonds pursuant to the Intercompany Loan Agreement;

Examples of Initial Term Advance in a sentence

• Unless the context requires otherwise, a reference to an Initial Term Facility or an Initial Term Advance shall, in this section of this document, include a Further Term Facility granted or a Further Term Advance given, in each case, to a Borrower.

• CONDITIONS OF LOANS 3.1. Conditions Precedent to Initial Term Advance.

• The court must not take expenditure into account under subsection (3) to the extent the court is satisfied it resulted in the acquisition of property the value of which is taken into account under subsection (2).

• The proceeds of the Initial Term Advance were used by the Borrower solely (i) to refinance certain Existing Debt, (ii) to finance, from and after the date hereof, the repurchase or exchange by the Borrower of Equity Interests and related payments permitted pursuant to Section 5.02(g)(iv), (iii) to pay transaction fees and expenses and (iv) for other general corporate purposes.

• The Lenders have agreed, subject to the terms and conditions hereinafter set forth, to make advances (each such advance, a “Delayed Draw Term Advance”, and together with the Initial Term Advance, a “Term Advance”) to the Borrower from time to time on any Business Day during the period from the First Amendment Effective Date until the Termination Date in respect of the Term Facility in an amount for each such Advance not to exceed such Lender’s Unused Term Commitment at such time.

More Definitions of Initial Term Advance

Initial Term Advance means each term advance made on the First Assignment Date by the Issuer to the Fund from the proceeds of the first issue of Covered Bonds pursuant to the Intercompany Loan Agreement;

Initial Term Advance means any advance made under an Initial Term Facility;

Initial Term Advance means the initial Loan made by the Lenders on the Closing Date in the Initial Term Advance Amount, as provided in Section 2.01(a).

Initial Term Advance means a borrowing hereunder consisting of the aggregate amount of the Initial Term Loans (i) made by the Initial Term Lenders on the same Borrowing Date or (ii) converted or continued by the Initial Term Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the Initial Term Loans of the same Type and, in the case of Term SOFR Loans, for the same Interest Period.

Initial Term Advance means the Term Advance in the amount of $1,150,000 disbursed to MediVision as of the date of this Agreement in accordance with the Note and this Agreement.

Initial Term Advance has the meaning specified in Section 2.2."

Initial Term Advance means the term advance made by any Lender on the Effective Date.”