Lae Advance definition

Lae Advance means an Advance of up to Forty one million three hundred thousand Dollars ($41,300,000) made or (as the context may require) to be made available to the Borrowers for the purpose of financing part of the acquisition cost of the Lae Ship by the Lae Borrower pursuant to the Lae Contract;
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Related to Lae Advance

  • 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.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Eligible advance means an advance made before August 19, 1993.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Future Advance means an Advance made after the Initial Closing Date.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • 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).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).