Pre-delivery Advances definition

Pre-delivery Advances. (a) in relation to the Andros Ship and the Andros Tranche, means the Andros Pre-delivery Advances;
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Pre-delivery Advances means collectively the Pre-Delivery Advance A and the Pre-Delivery Advance B and, in the singular, means either of them;
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Pre-delivery Advances means collectively the Existing Ship Pre- Delivery Advances and the Additional Ship Pre -Delivery Advances and, in the singular, means any of them;
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More Definitions of Pre-delivery Advances

Pre-delivery Advances. (a) in relation to the Amorgos Ship and the Amorgos Tranche, means the Amorgos Pre-delivery Advances;
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Pre-delivery Advances. (a) in relation to the Santon Ship and the Santon Tranche, means the Santon Pre-delivery Advances; or
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Pre-delivery Advances means the three (3) pre-delivery advances to be made available in the aggregate maximum amount of $16,920,000 by the Lender to the Borrower in accordance with Clause 2.2.1 and "Pre Delivery Advance" means any of them;
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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 certificates; “Quotation Date” means, in relation to any Interest Period (or any other period for which an interest rate is to be determined under any provision of a Finance Document), the Target Day on which quotations would ordinarily be given by leading banks in the European Interbank Market for deposits in Euros for delivery on the first day of that Interest Period or other period;
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Related to Pre-delivery Advances

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

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

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

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

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Extraordinary Advances has the meaning specified therefor in Section 2.3(d)(iii) of this Agreement.

  • 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.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

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

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

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

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • 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:

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Equipment Advance is defined in Section 2.1.1.

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

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).