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.
Sample 1

Examples of Term Advance A in a sentence

Any reborrowing of the Revolving Credit Facility shall be available for general corporate purposes only;(c)an Incremental Credit Facility in up to four Advances in an aggregate amount of up to $72,000,000;(d)the amount of Term Advance A shall not exceed the lower of (i) $200,000,000 less, if Term Advance B has been drawn prior to or will be drawn simultaneously with Term Advance A, Term Advance B; and (ii) 40 per cent.
Subject to the terms and conditions of this Agreement, during the Term Advance A Draw Period, upon Borrowers request, Bank shall make one (1) term loan advance (the Term Loan A Advance) available to Borrower in an original principal amount of Three Million Dollars ($3,000.000.00).