Term Advances definition
Examples of Term Advances in a sentence
The Term Borrowing shall consist of Term Advances made simultaneously by the Term Lenders ratably according to their Term Commitments.
The Cash Manager shall ensure that all payments of interest and repayments of principal on each of the Term Advances are recorded in the Intercompany Loan Ledger.
Borrower may prepay any Term Advances without penalty or premium.
The Borrower may not reborrow any Term Advances that have been repaid.
The parties hereto entered into the Funding 1 Liquidity Facility Agreement (as amended and restated by this Agreement and from time to time, the FUNDING 1 LIQUIDITY FACILITY AGREEMENT) to assist Funding 1 in, among other things, (i) making Eligible Liquidity Facility Principal Repayments and (ii) meeting its interest payment liabilities in respect of relevant Term Advances from time to time.