DEEMED ADVANCE. The Borrower acknowledges and agrees that, notwithstanding that the Interest Reserve is being retained and held by the Lender in accordance with the provisions set out herein, the original principal amount of the Interest Reserve shall be deemed to have been fully advanced by the Lender to the Borrower and interest at the rate and upon the terms set out in the Loan Documents shall be payable on such original principal amount of the Interest Reserve from and after the date of the initial advance of the Loan or such other date as specified by the Loan Documents.
DEEMED ADVANCE. The Advance under this Agreement is deemed to have been granted on the portion of the Producer’s Agricultural Product(s) first sold. The Producer shall not dispose of any other part of this Agricultural Product(s) for which the Advance was received. A repayment must be made by the Producer with the first sale of the Agricultural Product(s) for which an Advance was received except where:
DEEMED ADVANCE. For the purposes of Section 2.6, any Advances that have Interest Periods ending on the same date shall be treated as one Advance.
DEEMED ADVANCE. This Letter sets out our mutual agreement to treat the Settlement Amount as an advance (the "CLOSE OUT ADVANCE") deemed to have been lent to the Company by the Lender on the Close Out Date.
DEEMED ADVANCE. Unless the Borrower reimburses the Fronting Lender for the amount of such drawing prior to 10:00 a.m. (Local Time) on the fifth Business Day after such drawing (with concurrent advice to the Administrative Agent):
DEEMED ADVANCE. Except for amounts which are paid from the proceeds of rollovers of a Bankers' Acceptance, any amount which the Lender pays to any third party on or after the date of maturity of a Bankers' Acceptance in satisfaction thereof or which is owing to the Lender in respect of such a Bankers' Acceptance on or after the date of maturity of such a Bankers' Acceptance, shall be deemed to be a Prime Rate Advance to the Borrower under Credit A under this Agreement. Except for amounts which have been funded by the Borrower, any amount which the Lender pays to any third party in respect of an L/C in satisfaction or partial satisfaction; thereof shall be deemed to be a Prime Rate Advance under Credit A. Interest shall be payable all on such Prime Rate Advances in accordance with the terms applicable to Prime Rate Advances.
DEEMED ADVANCE. L/Cs Except for amounts which have been funded by the Borrower, any amount which the Issuing Bank pays to any third party in respect of an L/C in satisfaction or partial satisfaction hereof shall also be deemed to be a Prime Rate Advance in the case of Canadian Dollar L/Cs or a Base Rate Advance in the case of US Dollar L/Cs, in each case under the Credit under which the L/C was issued. The Issuing Bank shall forthwith give notice of the making of such an Advance to the Borrower and the Agent (which shall promptly give similar notice to the other Lenders in the case of Operating Credit 1). Interest shall be payable on such Advances in accordance with the terms applicable to such Advances.
DEEMED ADVANCE. Unless the Borrower reimburses the applicable Issuing Bank for the amount of such drawing prior to 1:00 p.m. (New York time) on the next Business Day after such drawing (with concurrent advice to the Administrative Agent):
DEEMED ADVANCE. Any amount which a Lender pays to any third party on or after the date of maturity of a Bankers' Acceptance in satisfaction thereof which has not been provided for by Maxxcom in accordance with Section 5.13 or (without duplication) any amount which is owing to a Lender in respect of a Bankers' Acceptance or BA Equivalent Loan pursuant to Sections 5.13 or 5.14, as applicable, on or after the date of maturity of such Bankers' Acceptance or BA Equivalent Loan, as applicable, shall be deemed to be a Prime Rate Advance to Maxxcom under this Agreement. Interest shall be payable on such Prime Rate Advances in accordance with the terms hereof applicable to Prime Rate Advances.
DEEMED ADVANCE. L/CS Except for amounts which have been funded by the Borrower, any amount which the Issuing Bank or the Agent on behalf of the Lenders pays to any third party in respect of an L/C in satisfaction or partial satisfaction thereof shall also be deemed to be a Prime Rate Advance (in the case of Canadian Dollar L/Cs) or Base Rate Advances (in the case of U.S. Dollar L/Cs). The Issuing Bank shall forthwith give notice of the making of such an Advance to the Agent and the Borrower. Interest shall be payable on such Advances in accordance with the terms applicable to such Advances.
