Line Advance definition

Line Advance means any Advance made from time to time to Borrower hereunder, on a revolving basis, by a Lender then holding a Line Commitment.
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Line Advance means a disbursement by Agent to or for the benefit or account of Borrower of any proceeds of the Revolving Line.
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Line Advance means an Advance of Facility proceeds to or for the benefit of the Borrower pursuant to and in accordance with Section 2.03 hereunder. Swing Line Lender. Swing Line Lender means Wachovia Bank, National Association. Tangible Net Worth. Tangible Net Worth will be defined in accordance with Accounting Terms.
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Examples of Line Advance in a sentence

  • No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance.

  • Subject to the terms and conditions hereof, the Swing Line Lender may, in its discretion, make available from time to time until the Commitment Termination Date advances (each, a "Swing Line Advance") in accordance with any such notice.

  • Subject to the terms and conditions hereof, each Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

  • Each Swing Line Advance shall, from time to time after the date of such Advance, bear interest at its Applicable Interest Rate.

  • Swing Line Bank shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.

  • Each Swing Line Advance shall be made pursuant to a Notice of Revolving Credit Advance delivered to Agent by Borrower Representative on behalf of the applicable Borrower in accordance with Section 1.1(a).

  • Any such notice must be given no later than 11:00 a.m. (Chicago time) on the Business Day of the proposed Swing Line Advance.

  • If such Lender shall pay to the Administrative Agent such amount for the account of the Swing Line Bank on any Business Day, such amount so paid in respect of principal shall constitute a Swing Line Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Swing Line Advance made by the Swing Line Bank shall be reduced by such amount on such Business Day.

  • Any such notice must be given no later than 1:00 p.m. (New York time) on the Business Day of the proposed Swing Line Advance.

  • Swing Line Lender shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.


More Definitions of Line Advance

Line Advance means a Dollar Swing-Line Advance or a Sterling Swing-Line Advance as the context may require;
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Line Advance shall have the meaning ascribed to such term in Section 2.1.1 of this Agreement.
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Related to Line Advance

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

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

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Swing Line Loans as defined in Section 2.6.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.