Pre-delivery Advance definition

Pre-delivery Advance means any of them;
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Pre-delivery Advance means an Advance made or to be made prior to the Yard Delivery Date, when designated the "YARD DELIVERY ADVANCE" means the Advance made or to be made on the Yard Delivery Date upon delivery of the Rig by the Builder to the Borrower and when designated a "POST YARD DELIVERY ADVANCE" means an Advance made or to be made after the Yard Delivery Date but prior to the Charterparty Commencement Date;
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Pre-delivery Advance means any Advance other than the Delivery Advance;
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More Definitions of Pre-delivery Advance

Pre-delivery Advance means any Commercial Pre-delivery Advance or any K-SURE Secured Pre-delivery Advance.
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Pre-delivery Advance means, in relation to a Newbuilding Tranche, an Advance thereof other than a Delivery Advance;
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Pre-delivery Advance means an Advance under Tranche B which will be used for the purpose of part-(re)financing the payment of a pre-delivery instalment (other than the delivery instalment) for an Approved Ship under a shipbuilding contract which is an Approved Purchase Contract;
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Pre-delivery Advance. A “ means an amount of up to Five million One hundred Twenty-Six thousand Two hundred Fifty Euros (€5,126,250) to be drawndown pursuant to the terms and conditions of this Agreement for the purpose referred to in sub-Clause 2.2 (a) or (as the context may require) the amount thereof from time to time outstanding hereunder; “Pre-Delivery Advance B” means an amount of up to Five million One hundred Twenty-Six thousand Two hundred Fifty Euros (€5,126,250) to be drawdown pursuant to the terms and conditions of this Agreement for the purpose referred to in sub-Clause 2.2 (a) or (as the context may require) the amount thereof from time to time outstanding hereunder; “Pre-Delivery Advances” means collectively the Pre-Delivery Advance A and the Pre-Delivery Advance B and, in the singular, means either of them; “Pre-Delivery Instalments” means in respect of each Vessel collectively the Steel Cutting Instalment, the Keel Laying Instalment and the Launching Instalment in respect of such Vessel and, in the singular, means any of them; “Pre-Delivery Period” means in respect of each Vessel the period commencing on the Drawdown Date of the Pre-Delivery Advance drawndown in respect of such Vessel and ending on the Delivery Date of such Vessel; “Proceeds” means the proceeds paid under the terms of the Finance Documents (including but not limited to the proceeds of a sale of a Vessel, the Earnings and the Insurances), the proceeds from the enforcement of any of the Finance Documents, and following an Event of Default any moneys to the credit of the Borrowers or either of them in the Accounts or any of them; “Proportionate Share” means, at any time, the proportion which that Bank’s Commitment (which has been advanced) then bears to the aggregate Commitments of all the Banks (which have been advanced). “Protection and Indemnity Risks” means the usual risks covered by a protection and indemnity association that is a member of the International Group of Protection and Indemnity Associations, including the proportion not otherwise recoverable in case of collision under the ordinary running-down clause; “Purchase Documents” means in respect of each Vessel all documents referred to in Article VIII, Clause 3 of the relevant Shipbuilding Contract which shall be delivered to the relevant Owner by the Builder including without limitation, the Builder’s certificate, the Builder’s invoices, the xxxx of sale, the protocol of delivery and acceptance, the commercial invoices and the class c...
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Pre-delivery Advance means an Advance made to a Borrower during the Pre-Delivery Period;
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Related to Pre-delivery Advance

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

  • Delay Delivery Mortgage Loans The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date.

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

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

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Equipment Advance is defined in Section 2.1.1.

  • 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.

  • Delayed Delivery Fee shall have the meaning specified in paragraph 2H(2).

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

  • Emergency Advance Any Servicing Advance, whether or not it is a Servicing Advance that, pursuant hereto, the Special Servicer is required to make (at its sole discretion in accordance with the Servicing Standard) or to request the Master Servicer to make, that must be made within three (3) Business Days of the Special Servicer obtaining actual knowledge that it must be made in order to avoid any material penalty, any material harm to a Mortgaged Property securing a Serviced Mortgage Loan or Serviced Loan Combination or any other material adverse consequence to the Trust Fund.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Scheduled Delivery Date means the Date on which the Seller is required to start delivering the power at the Delivery Point as per the terms and conditions of the PPA;

  • 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.

  • 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.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Request for Loan means a written request for a Loan substantially in the form of Exhibit E, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be included therein.

  • 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.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.

  • Accelerated Borrowing Base Delivery Event means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain Availability at least equal to the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability has exceeded the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap for thirty (30) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing. The termination of an Accelerated Borrowing Base Delivery Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery Event in the event that the conditions set forth in this definition again arise.