Term-out Advance definition

Term-out Advance means a term loan made or to be made under Clause 2.4 (Extension of Facility).
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Term-out Advance means a Facility C Advance drawn under paragraph (b) of Clause 8.3 (Repayment of Facility C Advances);
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Term-out Advance means an advance (as from time to time reduced by repayment) under the Term-Out Facility arising from the conversion of Revolving Advances outstanding on the Revolving Termination Date.
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Examples of Term-out Advance in a sentence

  • A Advance, other than a Term-out Advance, may be outstanding after the Tranche A Term Date.

  • Out Advances The life of each Term-out Advance is divided into successive periods (each an "Interest Period") for the calculation of interest.

  • Except as otherwise provided in this Agreement, accrued interest on each Advance is payable by the relevant Borrower on its Maturity Date (or the last day of an Interest Period for a Term-out Advance) and also, in the case of any Advance with a Term or Interest Period longer than six months, at six-monthly intervals during its Term or Interest Period for so long as the Term or Interest Period continues.

  • If a Term-out Advance is to be prepaid by reference to an Original Euro Amount, the Optional Currency amount to be prepaid shall be determined by reference to the Agent's Spot Rate of Exchange last used for determining the Optional Currency amount of that Term-out Advance under this Clause 5 or, if applicable, the Original Exchange Rate (as defined in Clause 5.10 (Term-out Advances in Optional Currencies)).

  • No Term-out Advance may be outstanding after the date falling on the third Anniversary.

  • Subject to Clause 11.4 (Currency), once the currency of a Term-out Advance has been selected in the applicable Request, it will remain in that currency throughout its Term.

  • If Vodafone exercises the Revolving Credit Term-out Option under Clause 6.1(b) (Repayment of Revolving Credit Advances), then on the date the relevant Term-out Advance is made Vodafone will pay to the Agent for distribution pro rata to the Lenders participating in that Term-out Advance a fee of 0.05 per cent.

  • If a Term-out Advance is to be repaid or prepaid by reference to an Original Dollar Amount, the Optional Currency amount to be repaid or prepaid in that Optional Currency shall be determined by reference to the Original Exchange Rate applicable to the relevant Advance.

  • Each Interest Period for a Term-out Advance will commence on its Drawdown Date or the expiry of its preceding Interest Period.

  • If an Interest Period for a Term-out Advance would otherwise overrun its Maturity Date it shall be shortened so that it ends on its Maturity Date.


More Definitions of Term-out Advance

Term-out Advance means a Tranche A Advance, if any, drawn under Clause 6.1(b) (Repayment of Tranche A Advances).
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Term-out Advance means a Facility A Advance drawn under paragraph (b) of Clause 7.1 (Repayment of Facility A Advances);
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Term-out Advance means an Advance with a Final Maturity after the date which is 364 days from the date of this Agreement (or such alternative date as may from time to time be agreed in accordance with clause 8.3);
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Term-out Advance means the principal amount of each borrowing by the Company drawn under Clause 6.1(b) (Repayment) or the principal amount outstanding of that borrowing;
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Related to Term-out Advance

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Equipment Advance is defined in Section 2.1.1.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.