Loans or advances definition

Loans or advances means loans or advances for agricultural 1[,Commercial and Industrial] purposes 4[and includes finance as defined in the Banking Tribunals Ordinance, 1984 (LVIII of 1984)];
Sample 1
Loans or advances means any financial assets of a commercial bank arising from a direct or indirect advance (i.e. unplanned overdrafts, participation in loan syndication, the purchase of loans from another lender, etc.) or commitment to advance funds by a commercial bank to a person that are conditioned on the obligation of the person to repay the funds, either on a specified date or dates or on demand, usually with interest. The term includes a contractual obligation of a commercial bank to advance funds to or on behalf of a person, claim evidenced by a lease financing transaction in which the commercial bank is the lessor, overdraftfacility to be funded by the commercial bank on behalf of a person, revocable or irrevocable documentary letters of credit, standby letters of credit, and guarantees or sureties issued on behalf of a borrower.
Sample 1
Loans or advances means any financial assets of a bank arising from a direct or indirect advance (i.e. unplanned overdrafts, participation in loan syndication, the purchase of loans from another lender, etc.) or commitment to advance funds by a bank to a person that are conditioned on the obligation of the person to repay the funds, either on a specified date or dates or on demand, usually with interest which are approved and outstanding as of the reporting date;
Sample 1

Examples of Loans or advances in a sentence

  • Loans or advances on the sole security of domestic policies under which a registered insurer or reinsurer is liable.

  • Neither the making of the Loans or advances of credit nor the repayment thereof nor any other transaction contemplated hereby will involve or constitute a violation by any Loan Party of any provision of the Foreign Direct Investment Regulations of the United States Department of Commerce or of any license, ruling, order, or direction of the Secretary of Commerce thereunder.

  • However, the quality of preparation of the project could have been strengthened by a strong health sector strategy that clearly defined the Government’s priorities and commitment.

  • Payments of a fixed amount (fixed payments), either paid in a lump sum payment or in installment pay- ments spread over a specified period, with interest calculated in accordance with § 1.482–2(a) (Loans or advances).

  • Loans or advances for future water supply will be repaid within the life of the reservoir structure but in no event later than 50 years for WS and 30 years for RCD after the reservoir struc- ture is built.

  • Loans or advances from the board to a food service management company are prohibited ( N.J.S.A 18A:19-1).

  • Notwithstanding anything to the contrary set forth in any other Loan Document, Bank shall not be obligated to make or extend any Loans or advances to any Borrower(s) during the existence of any Default or Event of Default.

  • Loans or advances of money, repayable on demand, which are made solely upon securities, as defined in subdivision (15) of section 8-1101, pledged as collateral for such repayment and in which such loans or advances are used by the borrower only for the purchase of securities as so defined.

  • Loans or advances granted by an insurer based on the value of the policy will similarly be included in gross income.

  • Loans or advances in this category are fully protected by the current financial and paying capacity of the borrower and are not subject to criticism.


More Definitions of Loans or advances

Loans or advances means any financial assets of a bank arising from a direct or indirect advance (i.e. unplanned overdraft, participation in loan syndication, the purchase of loans from another lender, etc.) or commitment to advance funds by a bank to a person that are conditioned on the obligation of the person to repay the funds, either on a specified date or dates or on demand, usually with interest. The term includes a contractual obligation of a bank to advance funds to or on behalf of a person, claim evidenced by lease financing transaction in which the bank is the lessor, and an overdraft facility to be fundedby the bank on behalf of a person. The term does not include accrued but uncollected interest or discounted interest.
Sample 1

Related to Loans or advances

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Revolving Advances means Advances made other than Letters of Credit.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Committed Loans means loans made pursuant to Section 2.1(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.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

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

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Committed Loan has the meaning specified in Section 2.01.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Bid Loan has the meaning specified in Section 2.03(a).

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

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

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

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

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.