Permanent Advance definition

Permanent Advance the one million Dollar (U.S. $1,000,000) cash advance from ADI U.K. to Arge▇▇▇▇▇▇▇ ▇▇▇urity to be made immediately upon the request of Lender or prior to such request by Lend▇▇, ▇▇ the discretion of European Borrowers."
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Permanent Advance the one million Dollar (U.S. $1,000,000) cash advance from ADI U.K. to Arge▇▇▇▇▇▇▇ ▇▇▇urity to be made on the last day of the second (2nd) Fiscal Period of 1996 of Arge▇▇▇▇▇▇▇ Security, or on such earlier day following January 2, 1996 as Lender shall require. Permitted Capital Expenditures - Capital Expenditures (including, without limitation, by way of Capital Leases) which, in the aggregate, as to Obligated Borrowers and their Subsidiaries, do not exceed the amount set forth in the Financial and Contingency Schedule during any fiscal year of Obligated Borrowers.
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Permanent Advance means an advance granted to a disbursing authority to meet certain classes of expenditure before they can place themselves in funds by drawing bills;
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Examples of Permanent Advance in a sentence

  • Each Permanent Advance under the Permanent Promissory Note shall be due in equal monthly installments in an amount sufficient to fully amortize the entire principal balance of such Permanent Advance over a 25-year period.

  • Once Construction Indebtedness applicable to a particular Construction Project has been refinanced as a Permanent Advance hereunder, the amount of the Construction Indebtedness for that Construction Project shall be deemed to have been repaid and such amount may be re-borrowed hereunder.

  • Accrued interest on the unpaid principal balance of each Permanent Advance shall be due and payable monthly on the same date as the monthly principal payments.

  • The provisions of this Article 5 shall apply to each individual Permanent Advance.

  • Borrower pays a release amount equal to the then outstanding balance (including both principal and interest) of the Permanent Advance in respect to the Property being released.

  • Interest on the outstanding balance of each Permanent Advance shall accrue at LIBOR from time to time in effect plus 2.00%.

  • This requirement shall not apply to a Permanent Advance which is made to pay off a Construction Loan.

  • Borrower may, at any time and without any prepayment fee or premium or notice or penalty, repay all or any part of a Permanent Advance to TMCC.

  • TMCC and Borrower shall execute such affidavits and documents as necessary and permitted under Applicable Law to prevent the taxation of any Deed of Trust in excess of the Construction Project Loan Amount or the applicable Permanent Advance, as the case may be.

  • The refinance of a Construction Loan to a Permanent Advance pursuant to Section 5.10 below.