Definition of Term Facility Advance


Term Facility Advance means any A Facility Advance, an A1 Facility Advance, an A2 Facility Advance, an A3 Facility Advance, each Additional Facility Advance, a B1 Facility Advance, a B2 Facility Advance, a B3 Facility Advance, a B4 Facility Advance, a B5 Facility Advance, a B6 Facility Advance, a B7 Facility Advance a B8 Facility Advance, a B9 Facility Advance, a B10 Facility Advance, a B11 Facility Advance, a B12 Facility Advance or a C Facility Advance and "Term Facility Advances" shall be construed accordingly.
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Examples of Term Facility Advance in a sentence

Once utilised, no Term Facility Advance shall be outstanding in any currency other than the currency in which it was first utilised.
The rate of interest applicable to a Term Facility Advance at any time during an Interest Period relating to it shall be the rate per annum which is the sum of the Applicable Margin for the relevant Term Facilities, the Associated Costs Rate for such Advance at such time and EURIBOR or, in relation to any Term Facility Advance then denominated in an Optional Currency, LIBOR, for such Interest Period.
The period for which a Term Facility Advance is outstanding shall be divided into successive periods (each an Interest Period) each of which (other than the first) shall start on the last day of the preceding such period and any Interest Period which begins during or at the same time as any other Interest Period in respect of a Term Facility Advance made under the same Term Facility shall end at the same time as that other Interest Period.
The period for which a Term Facility Advance is outstanding shall be divided into successive periods (each an Interest Period) each of which (other than the first) shall start on the last day of the preceding such period.
On the last day of each Interest Period (or if such day is not a Business Day, on the immediately succeeding Business Day in the then current calendar month (if there is one) or the preceding Business Day (if there is not)), and if the relevant Interest Period exceeds 3 months, on the expiry of each 3 month period during that Interest Period, the Borrower shall pay accrued interest on the Term Facility Advance to which such Interest Period relates.