Relevant Advance definition

Relevant Advance means the borrowing of the Tranche relating to the Relevant Ship.

Relevant Advance means, in respect of Vessel A, Advance A and in respect of Vessel B, Advance B;

Relevant Advance means the Advance which is being made available, “Relevant Ship” means the Ship in respect of which that Advance is being made available and “Relevant Owner” means the Owner which is the buyer of the Relevant Ship.

Examples of Relevant Advance in a sentence

• Subject to the terms and conditions hereof, the Lender agrees to make the Relevant Advance for each Aircraft to the Borrower from time to time during the Commitment Period in accordance with Section 2.3, each Relevant Advance to be in an amount equal to the Applicable Percentage of (i) the Relevant Net Aircraft Cost of the Aircraft plus (ii) [*].

More Definitions of Relevant Advance

Relevant Advance means, the Advance which is to be made available, and “Relevant Vessel” is the vessel which is to be financed by the Relevant Advance and “Relevant Owner” is the Owner of the Relevant Vessel.

Relevant Advance means the Advance which shall be used to part-finance the acquisition of the Approved Ship;

Relevant Advance means the borrowing of the Advance relating to the Relevant Initial Ship.

Relevant Advance means, in relation to each Ship, the Advance which shall be used to part-finance the acquisition of such Ship payable pursuant to the applicable Shipbuilding Contract;

Relevant Advance means an Advance or part of an Advance which is subject to a Special Rate Request.

Relevant Advance means, in respect of Vessel A, Advance A, in respect of Vessel B, Advance B, in respect of Vessel C, Advance C, in respect of Vessel D, Advance D and in respect of Vessel E, Advance E;

Relevant Advance means, in relation to each New Ship or New Company, the New Ship Advance which shall be used to part-finance the acquisition of such New Ship or New Company;