Refinancing Advance definition

Refinancing Advance means any Advance which is used to pay the principal amount (or any portion thereof) of an Advance at the end of its Interest Period and which, after giving effect to such application, does not result in an increase in the aggregate amount of outstanding Advances.

Refinancing Advance means an Advance that is used to pay the principal amount of an existing Advance (or any performance thereof) at the end of its Interest Period and which, after giving effect to such application, does not result in an increase in the aggregate amount of outstanding Advances.

Refinancing Advance means any LIBOR Advance which is used to pay the ------------------- principal amount (or any portion thereof) of a LIBOR Advance at the end of its Interest Period and which, after giving effect to such application, does not result in an increase in the aggregate amount of outstanding LIBOR Advances.

Examples of Refinancing Advance in a sentence

• The principal amount of each LIBOR Advance is due and payable on the last day of the applicable Interest Period, which principal payment may be made by means of a Refinancing Advance in accordance with the terms of Section 2.09 hereof (and subject to the other provisions of this Agreement).

• The Borrower shall indemnify each Lender against any Consequential Loss incurred by each Lender as a result of (i) any failure to fulfill, on or before the date specified for an Advance, the conditions to the Advance set forth herein (including a Refinancing Advance) or (ii) the Borrower's requesting that an Advance (including a Refinancing Advance) not be made on the date specified in the Borrowing Notice.

• The principal amount of each LIBOR Advance is due and payable on the last day of the applicable Interest Period, which principal payment may be made by means of a Refinancing Advance (subject to the other provisions of this Agreement).

• Each Lender shall, before 1:00 p.m. on the date of each Advance under the Revolving Loan (other than a Refinancing Advance) or Revolver/Term Loan prior to the Conversion Date (other than a Refinancing Advance), make available to Administrative Agent NationsBank Plaza 901 Main Street 13th Floor Dallas, Texas 75202 such Lender's Specified Percentage of the aggregate Advances under the Revolving Loan or the Revolver/Term Loan, as applicable, to be made on that day in immediately available funds.

• On the date of a reduction of the Revolver A Commitment pursuant to Section 2.04 hereof, to the extent the sum of the aggregate outstanding Advances under the Revolver A Loan outstanding on the date of reduction exceeds the Revolver A Commitment as reduced, such excess amounts shall be immediately due and payable, which principal payment may not be made by means of a Refinancing Advance.

More Definitions of Refinancing Advance

Refinancing Advance means any Revolving Credit Advance which is used to pay the principal amount (or any portion thereof) of a Revolving Credit Advance at the end of its Interest Period and which, after giving effect to such application, does not result in an increase in the aggregate amount of outstanding Revolving Credit Advances.

Refinancing Advance means an amount of $46,349,250 which is to be used in refinancing the Existing Indebtedness and which is to be made available in accordance with and pursuant to Clauses 2.2 and 3.2(b);

Refinancing Advance means any LIBOR Advance which is used to pay the principal amount (or any portion thereof) of a LIBOR Advance at the end of its Interest Period and which, after giving effect to such application, does not result in an increase in the aggregate amount of outstanding LIBOR Advances.

Refinancing Advance means any Revolving Credit Advance which is used to pay the principal amount (or any portion thereof) of a Revolving Credit Advance or Bid Rate Advance at the end of its Interest Period and which, after giving effect to such application, does not result in an increase in the aggregate amount of outstanding Revolving Credit Advances or Bid Rate Advances at the time of the Refinancing Advance.

Refinancing Advance means an amount of up to $437,309,000 which is to be used (a) in refinancing part of the Existing Indebtedness and (b) to provide the Borrower with working capital for its general corporate purposes and which is to be made available in accordance with and pursuant to Clauses 2.3 and 4.2(c);

Refinancing Advance means an Advance of up to $25,650,000 which is to be made available to the Borrowers in relation to the refinancing of the Existing Indebtedness;

Refinancing Advance means an Advance (or portion thereof) requested by the Company in a Request for Financing and specified therein as intended to be used by the Company and Infocom to refinance the loans under the 1997 Infocom Facility and the Infocom Bridge Facility.