Naxos Contract Instalment Advance definition

Naxos Contract Instalment Advance means, in relation to the Naxos Ship, each of the four (4) Advances of the Naxos Tranche in the amount of up to $340,000, in the case of the first such Advance, up to $816,000, in the case of each of the second and third such Advances, and up to $1,020,000, in the case of the fourth such Advance, made or, as the context may require, to be made available to the Borrowers to finance and/or, as the case may be, refinance in part the payment of an instalment of the Naxos Contract Price falling due before the Delivery Date for the Naxos Ship, in each case as set out in more detail in schedule 5 and “Naxos Contract Instalment Advances” means any or all of them;
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Naxos Contract Instalment Advance means, in relation to the Naxos Ship, each of the four (4) Advances of the Naxos Tranche in the amount of up to $340,000, in the case of the first such Advance, up to $816,000, in the case of each of the second and third such Advances, and up to $1,020,000, in the case of the fourth such Advance, made or, as the context may require, to be made available to the Original Borrowers and/or the Borrowers to finance and/or, as the case may be, refinance in part the payment of an instalment of the Naxos Contract Price falling due before the Delivery Date for the Naxos Ship, in each case as set out in more detail in Schedule 5 and "Naxos Contract Instalment Advances" means any or all of them;
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Related to Naxos Contract Instalment Advance

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

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

  • Instalment Date means each date (if any) specified as such opposite each Instalment Amount in the Issue Memorandum.

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

  • 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.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

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

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

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • 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.

  • Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

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

  • 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.

  • 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.