Syndicated Advance definition

Syndicated Advance means a borrowing consisting of simultaneous Syndicated Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and, in the case of Eurodollar Advances, for the same Interest Period.

Syndicated Advance means any Syndicated Loan or any Letter of Credit Advance.

Syndicated Advance means a Borrowing pursuant to Section 2.02 consisting of the aggregate amount of Syndicated Loans made by the Syndicated Lenders to Borrower at the same time, on the same interest rate basis and, if made as a Eurodollar Advance, for the same Interest Period.

Examples of Syndicated Advance in a sentence

• The Borrower shall select the Type of each Syndicated Advance and, in the case of a Eurodollar Advance, the Interest Period applicable to such Syndicated Advance from time to time.

• GEs should consult with the faculty member to whom they are assigned early each term to clarify expectations regarding the hours devoted to specific workload and responsibilities.

• Notwithstanding anything to the contrary contained in Section 2.8, during the continuance of a Default or Unmatured Default no Syndicated Advance may be made as, converted into or continued past the end of the applicable Interest Period as a Eurodollar Advance.

• Any Syndicated Advance may be a Floating Rate Advance or a Eurodollar Advance, as the Borrower shall select in accordance with Sections 2.6 and 2.7.

• If any payment of principal of or interest on a Syndicated Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

More Definitions of Syndicated Advance

Syndicated Advance means an Advance that is not a Swing Line Loan.

Syndicated Advance has the meaning assigned to such term in Section 2.01.

Syndicated Advance means an advance by a Bank to the Borrower (i) pursuant to Section 2.02, as the same may be converted or continued from time to time pursuant to Section 2.03 or (ii) pursuant to Section 4.06. At any time, depending upon the interest rate selected therefor or otherwise applicable thereto in accordance with Section 2.03 and 5.01, a Syndicated Advance shall be a Base Rate Advance, a Eurocurrency Rate Advance or a EURIBOR Rate Advance.

Syndicated Advance means a borrowing hereunder (or conversion or ------------------ continuation thereof) consisting of the aggregate amount of the several Syndicated Loans made by the Lenders to the Borrower, on the same Borrowing Date (or date of conversion or continuation), of the same Type and, in the case of a Eurodollar Advance, for the same Interest Period.

Syndicated Advance means a borrowing consisting of simultaneous Syndicated Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and for, in the case of Eurocurrency Rate Advances, the same Interest Period.

Syndicated Advance means an advance made to the Borrower under this Agreement pursuant to Section 2.02. Syndicated Advances shall at all times be Euro-Dollar Advances, unless such Syndicated Advance is to be a Base Rate Advance pursuant to Article XII herein.

Syndicated Advance means an Advance which is a Base Rate Loan or a Euro-Dollar Loan and Syndicated Advances means Advances which are Base Rate Loans or Euro-Dollar Loans, or any or all of them, as the context shall require.