Definition of Term Advance


Term Advance means any advance by a Term Lender to the Borrower as part of a Term Borrowing.
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Examples of Term Advance in a sentence

Lender will initiate debit entries to the Borrowers account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender under each Term Note or Term Advance.
Lender will initiate debit entries to the Borrowers account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender under each Term Advance.
Lender will initiate debit entries to the Borrower's account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender under each Term Advance.
The Borrower may not reborrow any Term Advance once it has been repaid.
The "Class" of an Advance refers to the determination of whether such Advance is a Revolving Advance, a Term Advance or a Swing Line Advance.