US Advance definition

US Advance means an advance by a US Lender to the US Borrower as a part of a Borrowing pursuant to Section 2.1(a) and refers to either a US Base Rate Advance or a Eurocurrency Advance.
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US Advance means any advance made by a US Facility Lender or the Swing Line Lender to the US Borrower as part of a US Borrowing.
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US Advance means any advance made by a US Facility Lender or the Swing Line Lender to the US Borrower or the Canadian Borrower as part of a US Borrowing.
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Examples of US Advance in a sentence

  • The “Class” of an Advance refers to the determination of whether such Advance is a US Advance, a Canadian Advance or a Swing Line Advance.

  • Until each US Facility Lender funds its US Advance or risk participation pursuant to clause (c) above, interest in respect of such US Facility Lender’s US Pro Rata Share of the Swing Line Advances shall be solely for the account of the Swing Line Lender.

  • Each Swing Loan shall be deemed to be a US Advance hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other US Advances, except that all payments on any Swing Loan shall be payable to Swing Lender solely for its own account.

  • The Convencion is noc accaghed as an annex as che above informacion is suffigienc for che pur− pose of chis Review.

  • The US Administrative Agent shall notify each such US Facility Lender of the amount of such US Advance or participation, and such US Facility Lender will transfer to the US Administrative Agent for the account of the Swing Line Lender on the next Business Day following such notice, in Same Day Funds, the amount of such US Advance or participation.


More Definitions of US Advance

US Advance means any advance or conversion under the Credit Facility requested by the Borrower in U.S. Funds and advanced in U.S. Funds by Royal;
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US Advance means a US Contract Advance or a US Competitive Advance, in either case, in US Dollars.
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US Advance means a US Revolving Advance or a Term B Advance.
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US Advance means an Advance denominated in Dollars.
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US Advance means any advance or conversion under the Credit Facility requested by the Borrower in U.S. Funds and advanced in U.S. Funds by the Lender;
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US Advance means any advance or conversion under the Credit Facility requested by the Borrower in U.S. Funds and advanced in U.S. Funds by Royal or determined as such pursuant to §4.12; (cccccc) "U.S. Base Rate" means the rate of interest per annum in effect from time to time that is equal to the greater of: (1) Royal's U.S. Base Rate; and (2) the Federal Funds Effective Rate plus 50 basis points per annum; (dddddd) "U.S. Funds" and "US$" means lawful currency of the U.S.A. in same day immediately available funds, or, if such funds are not available, the form of money of the U.S.A. that is customarily used in the settlement of international banking transactions on the day payment is due; (eeeeee) "Voting Shares" means shares of any class entitled to vote in all circumstances.
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US Advance means a US Revolving Credit Advance, a US Letter of Credit Advance or a Swing Line Advance.
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