Borrower Advance definition

Borrower Advance means advances made by the Lender to the Borrower pursuant to the Borrower Facility Agreement.
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Borrower Advance shall have the meaning contained in Section 2.2.
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Borrower Advance means a Borrowing Advance Tranche made to Borrower and any increases thereto.
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Examples of Borrower Advance in a sentence

  • Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement shall be made available in the same Specified Currency and according to the same interest conditions to those applicable to the Covered Bonds funding such Borrower Advance.

  • The level of rate and maturity matching between the assets and the liabilities of the Issuer shall be verified by the Specific Controller.Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement will be made available in the same Specified Currency and according to the same interest conditions as the International Covered Bonds funding such Borrower Advance.

  • The terms and conditions regarding the calculation and the payment of principal and interest under a Borrower Advance shall be further described hereunder and in the relevant Final Terms of Borrower Advance.

  • The terms and conditions regarding the calculation and the payment of principal and interest under a Borrower Advance shall mirror the equivalent terms and conditions of the Covered Bonds funding such Borrower Advance.The Issuer is therefore not exposed to any risk of an interest rate or currency mismatch arising between the payments received on the Borrower Advances and the payments to be made under the CoveredBonds.

  • In accordance with section "The Borrower and the Borrower Facility Agreement - The Borrower Facility Agreement - Principal and interest amounts" hereunder, the terms and conditions regarding the calculation and the payment of principal and interest under each Borrower Advance made by the Issuer with the net proceeds of the issue of Covered Bonds shall mirror the equivalent terms and conditions of the corresponding Final Terms of Covered Bonds.

  • Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement shall be made available in the same Specified Currency and according to the same interest conditions as those applicable to the Covered Bonds funding such Borrower Advance.

  • Any amounts repaid or prepaid under any Borrower Advance may be re-borrowed.

  • Bank Debt On February 27, 2023, we entered into Amendment No. 1 (the “Amendment No. 1”) to the Credit Agreement dated November 9, 2021, with Advance Auto Parts, Inc., as Borrower, Advance Stores Company, Incorporated, as a Guarantor, the lenders party thereto, and Bank of America, N.A., as administrative agent (the “2021 Credit Agreement”).

  • Any amounts repaid or prepaid under any Borrower Advance shall not be re- borrowed.

  • Principal and interest amounts The terms and conditions regarding the calculation and the payment of principal and interest under a Borrower Advance shall mirror the equivalent terms and conditions of the Corresponding Final Terms of Covered Bonds, it being provided that, as a principle, the interest to be paid by the Borrower under a Borrower Advance shall be the financing costs of the Lender under the Covered Bonds funding such Borrower Advance.


More Definitions of Borrower Advance

Borrower Advance means, individually or collectively, as the context so implies, (i) a Borrower Loan Advance or (ii) a Borrower Royalty Receivable Advance.
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Borrower Advance means an Advance, the proceeds of which are used to make interest or principal payments on the Securities relating to the Borrower, and Loan Notes or Securities identified in the Notice of Borrowing relating to such Borrower Advance.
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Related to Borrower Advance

  • Revolving Advance has the meaning given in Section 2.1.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

  • 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.

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

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

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

  • 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.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Term Loan as defined in Section 2.1.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

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

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

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Loan has the meaning specified in Section 2.01(a).