Specific Advance Facility definition

Specific Advance Facility means the Loans provided for under Section 2.2.
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Examples of Specific Advance Facility in a sentence

  • Pursuant to the Portfolio Financing Loan Agreement application (incorporating by reference the Specific Advance Facility General Terms and Conditions, any notices of acceptance delivered in connection thereunder and the Terms and Conditions Governing Banking Facilities) by me/us and accepted by OCBC (by a written notice of acceptance delivered to me/us) (collectively, the “SAF Loan Agreement”).

  • Principal, interest, and other sums due under the Specific Advance Facility Loan shall be computed in accordance with, shall be payable and may only be prepaid, at the times, in the amounts, at the places, in the manner, and otherwise in accordance with the terms and conditions set forth in the Specific Advance Facility Note.

  • Each advance under the Specific Advance Facility shall be amortized over a four (4) year period commencing on the date of such advance.

  • Principal, interest, and other sums due under the Specific Advance Facility B shall be computed in accordance with, shall be payable and may only be prepaid, at the times, in the amounts, at the places, in the manner, and otherwise in accordance with the terms and conditions set forth in the Specific Advance Facility B Note.

  • Notwithstanding the foregoing, Borrower may terminate the Specific Advance Facility at any time upon written notice to Bank and may prepay any Specific Advance Term Loan in whole or in part without penalty or premium.

  • This Specific Advance Facility (the “Facility”) is for your personal use (which shall include the purchase of investment products/schemes).

  • Borrower has sufficient cash resources including the proceeds of the Specific Advance Facility Loan to pay all anticipated costs of the Project.

Related to Specific Advance Facility

  • Advance Facility As defined in Section 3.22.

  • Advance Facility Notice As defined in Section 3.22.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.