Second Advance has the meaning given to it in Section 2.1(a).
Second Advance. (a) in relation to the Andros Ship and the Andros Tranche, means the Andros Second Advance;
Second Advance means the second Advance to be made by the Lenders severally to the Borrower in the principal amount of US$5,000,000 (the "Second Advance Commitment") in accordance with this Agreement, as such amount may be amended from time to time in accordance herewith;
Examples of Second Advance in a sentence
The Initial Advance Conversion Price, the Second Advance Conversion Price, the Subsequent Advance Conversion Price and the Conversion Amount shall each be in Canadian Dollars, and the Conversion Amount for determining the Specified Number of Common Shares shall be the Equivalent Amount thereof expressed in Canadian Dollars determined as with respect to each Advance as at the date the Advance is made.
More Definitions of Second Advance
Second Advance is defined in Section 2.2(a).
Second Advance means the term loan from Lender to Borrower in the principal amount of Two Million Dollars ($2,000,000) to be made, subject to the terms and conditions hereof, on the Second Advance Date.
Second Advance means the second Advance under the Note, which shall be made in accordance with, and subject to the conditions of, Section 2.2 and Section 4.2.
Second Advance. The second installment of the Loan funded by the Lender in the amount of Four Million Two Hundred Fifty Thousand Seven Hundred Eighty-seven Dollars ($4,250,787).
Second Advance means an advance under the Credit Facility to the Borrower to be made pursuant to Section 4.2.
Second Advance means the $5,000,000 Advance referenced as Section 2.1(b);
Second Advance means the advance of funds, in an aggregate principal amount of $395,000, after the Closing Date upon the fulfillment of the conditions set forth in SECTION 4.2, pursuant to and in fulfillment of the Lender's obligation to lend funds to the Borrower pursuant to SECTION 2.1.