Line Advance definition

Line Advance means any Advance made from time to time to Borrower hereunder, on a revolving basis, by a Lender then holding a Line Commitment.
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Line Advance means an Advance of Facility proceeds to or for the benefit of the Borrower pursuant to and in accordance with Section 2.03 hereunder. Swing Line Lender. Swing Line Lender means Wachovia Bank, National Association. Tangible Net Worth. Tangible Net Worth will be defined in accordance with Accounting Terms.
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Line Advance means a disbursement by Agent to or for the benefit or account of Borrower of any proceeds of the Revolving Line.
Sample 1Sample 2

Examples of Line Advance in a sentence

  • No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance.

  • Subject to the terms and conditions hereof, each Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

  • Subject to the terms and conditions hereof, the Swing Line Lender may, in its discretion, make available from time to time until the Commitment Termination Date advances (each, a "Swing Line Advance") in accordance with any such notice.

  • Asia and the PacificUNDP-APDIP, in partnership with IBM and Oracle, held the Government Interoperability Frameworks (GIF) Workshop and Study Group Meeting in Beijing in April 2007, hosted by the Chinese Government’s State Council Informatisation Office (SCITO).

  • 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.

  • Each Swing Line Advance shall bear interest only at a rate based on the Base Rate plus the Applicable Percentage.

  • Any such notice must be given no later than 10:30 a.m. (California time) on the Business Day of the proposed Swing Line Advance.

  • The Swing Line Lender will promptly make the Swing Line Advance available to the US Borrower at its account with the US Administrative Agent.

  • Each Swing Line Advance shall be made on the day requested pursuant to a Notice of Revolving Credit Advance delivered to Agent by Borrower Representative on behalf of the applicable Borrower requesting a Swing Line Advance in accordance with Section 1.1(a).

  • Each Swing Line Advance, once so participated by any US Facility Lender, shall cease to be a Swing Line Advance with respect to that amount for purposes of this Agreement, but shall continue to be a US Advance.


More Definitions of Line Advance

Line Advance means an advance made by the Swing Line Bank pursuant to Section 2.01(b) or any other Lender by purchase from the Swing Line Bank pursuant to Section 2.02(b).
Sample 1
Line Advance means a Dollar Swing-Line Advance or a Sterling Swing-Line Advance as the context may require;
Sample 1
Line Advance shall have the meaning ascribed to such term in Section 2.1.1 of this Agreement.
Sample 1

Related to Line Advance

  • Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).

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

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Swing Line Loans as defined in Section 2.6.

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

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

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • 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.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

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

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

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

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.