Term Advance A
Definition of Term Advance A
Term Advance A means the principal amount of the borrowing of a portion of the Total Term Loan Commitments to be made available to the Borrower to refinance the Existing Indebtedness relating to the Advance A Ships pursuant to Existing Facility Agreement A and for general corporate purposes.
Examples of Term Advance A in a sentence
- 58557071v16 b)in the case of a Revolving Advance:(i)the Drawdown Date has to be a Business Day during the Availability Period for the Revolving Credit Facility; (ii)the Borrower shall be obliged to draw the first Revolving Advance on the Drawdown Date in relation to Term Advance A in an amount equal to 50 per cent.