Examples of Interest Advance in a sentence
For the avoidance of doubt, interest payable on an Interest Advance, Special Termination Advance or the Final Advance shall not be regarded as overdue unless such interest is not paid when due under Section 3.07.
The Borrower and the Liquidity Provider agree that the repayment in full of each Interest Advance, Special Termination Advance and Final Advance on the date such Advance is made is intended to be a contemporaneous exchange for new value given to the Borrower by the Liquidity Provider.
Each Interest Advance made hereunder shall automatically reduce the Maximum Available Commitment and the amount available to be borrowed hereunder by subsequent Advances by the amount of such Interest Advance (subject to reinstatement as provided in the next sentence).
The Loan amount shall be disbursed to the Borrower(s) net of all initial payments towards Pre Monthly Instalment Interest, Advance Instalment, Documentation Charges, Loan Processing Charges, Premium for Insurance (if applicable), Maintenance Pack Charges and Fees, Extended Warranty Charges and Fees.
When the Borrower wishes to draw down a Principal Advance, an Intercompany Interest Advance or a Swap Advance and is entitled to do so under the terms of this Agreement, it shall serve a Drawdown Notice on the Bank Agent not later than noon Central European time on the third Banking Day before the proposed Drawdown Date, or such lesser period as the Bank Agent (in consultation with the Majority Banks) may agree.