Renewal Disbursement definition

Renewal Disbursement means a Disbursement which is used exclusively for the purpose of repaying all or part of one or more outstanding Disbursements and, after application of the proceeds thereof, results in no net increase in the aggregate principal amount of Disbursements then outstanding.
Sample 1Sample 2

Examples of Renewal Disbursement in a sentence

  • No Default (or, in the case of a Renewal Disbursement, no Event of Default) shall have occurred and be continuing and the Borrower shall not, as a result of such Disbursement, be in violation of its Charter, any provision contained in any agreement or instrument to which the Borrower is a party (including this Agreement) or by which the Borrower is bound or any law applicable to the Borrower.

  • Although its origins are unclear, it is supposed that Shabdan brought it on his hajj.

  • The Borrower shall repay each Disbursement on the last day of the Interest Period for such Disbursement (and subject always to the provisions of Section 3.05(b)) and, provided that the Borrower submits an application for Disbursement in accordance with the provisions of Section 3.02(a), the Borrower may refinance any maturing Disbursement with a Renewal Disbursement.

  • The Borrower shall repay each Disbursement on the last day of the Interest Period for such Disbursement and, provided that the Borrower submits an application for Disbursement in accordance with the provisions of Section 3.02(a), the Borrower may refinance any maturing Disbursement with a Renewal Disbursement.

  • Fitch uses '+' or '-' designations to indicate the relative standing of securities within a particular rating category.

Related to Renewal Disbursement

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • LC Disbursement means a payment made by the Issuing Bank pursuant to a Letter of Credit.

  • Disbursement is defined in Section 2.6.2.

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Letter of Credit Termination Date means the later of (i) that date upon which the Letter of Credit shall expire or terminate pursuant to its terms, or (ii) that date to which the expiration or termination of the Letter of Credit may be extended, from time to time, either by extension or renewal of the existing Letter of Credit or the issuance of a Substitute Letter of Credit.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Revolving Loan Commitment Termination Date means the earliest of

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Final Drawing has the meaning specified in Section 3.05(i).

  • State disbursement unit or "SDU" means the entity established in section 6 of the office of child support act, 1971 PA 174, MCL 400.236.

  • Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Revolving Commitment Termination Date means the earliest of (i) July 31, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.