Standby Facility Advance definition

Standby Facility Advance means each Advance made or to be made pursuant to Clause 33;
Sample 1

Examples of Standby Facility Advance in a sentence

  • The provisions of Clauses 7.3 to 7.10 of this Agreement shall apply to each Standby Facility Advance and the Standby Facility Commitment save that the reference to 14 days in Clause 7.4(a) and Clause 7.9(a) shall be deleted and replaced by 7 days.

  • The Borrower undertakes with the Lender to use each Standby Facility Advance only for the purposes of enabling the Borrower or other members of the Group to finance the acquisition of New Ships and the shares of New Companies.

  • The provisions of Clauses 3.1, 3.5 and 3.6 of this Agreement shall apply to the drawdown of each Standby Facility Advance.

Related to Standby Facility Advance

  • Term Advance has the meaning specified in Section 2.01(a).

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • 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.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that 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.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

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

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Maturity Date means March 31, 2003.

  • 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.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Unapplied Downgrade Advance means any Downgrade Advance other than an Applied Downgrade Advance.