Base Advance definition

Base Advance means an Advance bearing interest at the Base Rate.
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Base Advance means an Advance under the Revolver A Loan, the Revolver B Loan or the Working Line Loan, as applicable, bearing interest at the Base Rate.
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Base Advance means an Advance made under Section 2.1(a) and specified to be a Base Advance in accordance with Article 2.
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Examples of Base Advance in a sentence

  • The aggregate Effective Amount outstanding under this Agreement shall not exceed the lesser of the Borrowing Base Advance Cap or the Total Available Committed Line Portion.

  • If the Aggregate Amount on any day ever exceeds the Borrowing Base Advance Cap, the Borrower shall immediately (1) repay on that date the excess amount or (2) Cash Collateralize on such date the excess amount.

  • Upon receipt of any such proposal, the Administrative Agent agrees to negotiate in good faith whether to add such additional types of Aircraft Assets, the respective Categories such Aircraft Assets would have on Annex B and the respective Borrowing Base Advance Rates for such Aircraft Assets in Annex C, it being understood that the inclusion of different types of Aircraft Assets would require an amendment to this Agreement requiring the consent of the Lenders pursuant to Section 10.1.

  • All sums advanced under the Borrowing Base Advance Facility shall be used for inventory purposes.

  • No Event of Default or Unmatured Event of Default shall have occurred and be continuing on the date of such Borrowing Base Advance, both before and after giving effect thereto.

  • The unpaid principal of each Floating Base Advance shall bear interest from the date of advance until paid at a rate per annum which shall from day to day, be equal to the lesser of: (a) the Floating Base Rate or (b) the Maximum Rate.

  • Proprietary Page 1 Attachment A to Letter Agreement UAL-PA-03784-LA-1207879 737-900ER Option Aircraft Delivery, Description, Price and Advance Payments Delivery Number of Escalation Factor Escalation Estimate Adv Payment Base Advance Payment Per Aircraft (Amts.

  • Borrowers shall furnish to Agent the Request for Borrowing by at least 11:00 a.m. (Fort Worth time) three (3) Eurodollar Business Days prior to the requested Eurodollar Borrowing date (which must be a Eurodollar Business Day) and by at least 11:00 a.m. (Fort Worth time) on the requested borrowing date (which must be a Business Day) for a Floating Base Advance.

  • Borrower shall have delivered to the Lender a Draw Request for such Borrowing Base Advance.

  • Interest on the unpaid principal of each Floating Base Advance shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days.


More Definitions of Base Advance

Base Advance means all Advances other than Bridge Advances. ​
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Base Advance means all Advances other than Bridge Advances.
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Base Advance the meaning given in Section 2.04(a) of the MPA.
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Base Advance those Advances requested by the Issuer from the Senior Facility Lenders on a pro rata basis up to their respective Base Committed Amounts, pursuant to the terms of the Master Participation Agreement.
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Related to Base Advance

  • Expense Advance means a payment to Indemnitee pursuant to Section 3 of Expenses in advance of the settlement of or final judgement in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation which constitutes a Claim.

  • 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.

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

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

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

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

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

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

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

  • Revolving Advance has the meaning given in Section 2.1.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Future Advance means an Advance made after the Initial Closing Date.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

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

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

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

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.