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. Each US Advance denominated in a Foreign Currency and made to the US Borrower shall be a Eurocurrency Advance.
View Source
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.
View Source
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.
View Source

Examples of US Advance in a sentence

  • 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.

  • 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.

  • If a U.S. Letter of Credit Disbursement is deemed to be a U.S. Advance hereunder, the U.S. Borrowers’ obligation to pay the amount of such U.S. Letter of Credit Disbursement to the U.S. Issuing Bank shall be automatically converted into an obligation to pay the resulting U.S. Advance.

  • Each U.S. Swingline Loan shall be deemed to be a U.S. Advance hereunder and shall be subject to all the terms and conditions (including Section 4) applicable to other U.S. Advances, except that all payments (including interest) on any U.S. Swingline Loan shall be payable to the Swingline Lender solely for its own account.

  • Unless otherwise agreed by the Administrative Agent and the U.S. Borrowers, any U.S. Advance or U.S. Swingline Loan requested by the U.S. Borrowers and made by the Administrative Agent or the U.S. Revolving Lenders hereunder shall be made to the U.S. Designated Account.


More Definitions of US Advance

US Advance means a US Contract Advance or a US Competitive Advance, in either case, in US Dollars.
View Source
US Advance means an Advance denominated in Dollars.
View Source
US Advance means a US Revolving Advance or a Term B Advance.
View Source
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;
View Source
US Advance means an advance by a Lender as part of a US Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance and shall be deemed to include any US Protective Advance made hereunder.
View Source
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;
View Source
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.
View Source