TL Facility Advance definition

TL Facility Advance means an advance by a Bank to the Borrower pursuant to Section 2.01(b), any such advance being either a Base Rate Advance or a LIBOR Advance.
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Examples of TL Facility Advance in a sentence

  • Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a single TL Facility Advance in Dollars to the Borrower on the Closing Date in an amount equal to such Bank’s TL Facility Commitment.

Related to TL Facility Advance

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • 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.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

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

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

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

  • 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.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Equipment Advance is defined in Section 2.1.1.

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

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • 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.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Revolving Advance has the meaning given in Section 2.1.

  • 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 SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Term Loan as defined in Section 2.1.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Eligible advance means an advance made before August 19, 1993.