Loan Advance B definition

Loan Advance B means the principal amount of the Available Loan Commitment made available hereunder on the relevant Drawdown Date for the purpose of enabling the Borrower to on-lend the same to enable Hyperion to finance its acquisition of “NAVIOS HYPERION” and, as the context permits, means the principal amount thereof outstanding from time to time;

Examples of Loan Advance B in a sentence

  • Borrower’s final Term Loan Payment, due on the Term Loan Maturity Date, shall include (A) all outstanding principal and accrued and unpaid interest on the Term Loan Advance, (B) the Final Payment, and (C) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advance.

  • United States 1,100,000 1,097,937 EFS Cogen Holdings I LLC, Term Loan Advance, B, 4.25%, (1-month USD LIBOR + 3.25%; 3-month USD LIBOR + 3.25%), 6/28/23 ..

Related to Loan Advance B

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Equipment Advance is defined in Section 2.1.1.

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

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

  • 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.

  • 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.

  • Initial Advance means the first Advance made pursuant to Article II.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan as defined in Section 2.1.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • 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).

  • 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.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • 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.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Tranche B Loan has the meaning specified in Section 2.01(b).