loans and advances. – means any direct or indirect advance of funds (including obligations as maker or endorser arising from discounting of commercial/business paper) which are made to a person on the basis of an obligation to repay the funds, or which is repayable from specific property pledged by or on behalf of a person.
loans and advances means “loans, advances and credit” as defined in the Banking Companies Ordinance, 1962 (LVII of 1962),
loans and advances means any direct or indirect advance of funds (including obligations as maker or endorser arising from discounting of commercial/business paper) which are made to a person on the basis of an obligation to repay the funds. “Loans and advances” also includes all exposures as defined in the Act.
Examples of loans and advances in a sentence
Lender shall maintain Records relating to the Obligations, Loans and Advances (including schedules maintained electronically) containing such annotations as Lender deems appropriate, including but not limited to annotations regarding the dates and amounts of Advances, the principal balance of any Loan, and the dates and amounts of repayments of any Loans, and shall account to Borrower monthly.
All outstanding Loans and Advances and all other unpaid Obligations shall be due and payable in full by the Borrower on the Facility Termination Date.
Section 8.7. Liens Section 8.8. Investments, Acquisitions, Loans and Advances Section 8.9. Mergers, Consolidations and Sales Section 8.10.
For purposes of this Agreement, Loans and Advances, respectively, may be classified and referred to by Type (e.g., a “Eurodollar Loan” or a “Eurodollar Advance”).
Notwithstanding any provision to the contrary contained in this Agreement or the other Loan Documents for purposes of voting or consenting to matters with respect to (a) the Loan Documents or (b) any other matter concerning the Loans, a Defaulting Lender shall be deemed not to be a "Lender" and such Lender's Commitments and outstanding Loans and Advances shall be deemed to be zero.
More Definitions of loans and advances
loans and advances means any financial assets of a bank arising from a direct or indirect advance or commitment to advance funds by a bank to a person;
loans and advances to Customers and Provision for Loan Losses: Loans are stated net of allowance for credit
loans and advances. – means any direct or indirect advance of funds (including indirect obligations) which are made to a person (including a corporate body or agency) on the basis of an obligation to repay the funds, or which is repayable by, or on behalf of, that person or another person (or corporate body or agency).
loans and advances means the extension of any credit or the provision of any credit facility, including the advance of funds arising from the fulfilment of guarantee and indemnity arrangements entered into between and by the DTMFI on behalf of its client.
loans and advances means bills discounted, overdraft, leasing, export bills purchased, other bills received or purchased, import bills, customer's liability for acceptances, drawings against uncleared effects, encashment of cheques drawn against other branches or offices where the drawer's current account has insufficient cleared and withdrawable balance or against other banks, or any other credit extended to a person by a bank or financial institution, and itexcludes the undrawn or unavailed balance of any line of credit;“member of a family” means parent, spouse, brother, sister, child, uncle, aunt, nephew, niece, stepfather, stepmother, stepchild, and adopted child of the personconcerned, and in case of an adopted child his adopter or adopters;"parent company" means a company which directly or indirectly owns, controls, or holds with power to vote, more than fifty percent of the issued and outstandingvoting shares of another company;"related party"(a) in relation to a body corporate means-(i) its holding company or its subsidiary;(ii) a subsidiary of its holding company;(iii) a holding company of its associates;(iv) any person who controls the company or body corporate whether alone or with hisrelated party or with other related parties of it; and(b) in relation to an individual means-(i) any member of his family;(ii) any company or other body corporate controlled directly or indirectly by him whether alone or with his related parties;and(iii) any related party of his related parties andit includes connected party;
loans and advances. Not to Exceed Aggregate of $______ Compliance? Yes No CALCULATIONS FOR ROLLING FOUR QUARTERS COVENANT ----------------------------------------------- COMPLIANCE FOR THE QUARTER ENDED ________________ Borrower Name: Lakeland Industries, Inc. INSTRUCTIONS: THIS IS A ROLLING FOUR-QUARTER CALCULATION. THE COLUMN LABELED Q1 SHOULD CONTAIN INFORMATION FOR THE MOST RECENTLY ENDED QUARTER (I.E., MATCHES THE DATE ABOVE). Q2 SHOULD CONTAIN INFORMATION FOR THE IMMEDIATELY PRECEDING QUARTER-END, AND SO ON FOR Q3 AND Q4. MOST RECENT QUARTER PRECEDING THREE QUARTERS ---- ------ ------- --------- ----- -------- COVENANT: Q1 Q2 Q3 Q4 TOTAL -------- Fixed Charge Coverage Ratio ---------------------------
loans and advances means intercompany loans and advances made by AHI to Breaker Technology Ltd. subsequent to the Closing Date which shall be in an amount not to exceed the lesser of (a) the aggregate amount of loans or advances, including loans or advances outstanding on the Closing Date as disclosed on Schedule A-2, repaid by Breaker Technology Ltd. to AHI after the Closing Date, and (b) the Borrowing Base (as such term is defined in the Canadian Credit Agreement) with respect to Breaker Technology Ltd.; provided that (i) Breaker Technology Ltd. shall have executed and delivered to AHI, on the Closing Date, a demand note to evidence any such intercompany Indebtedness owing at any time by Breaker Technology Ltd. to AHI, which intercompany notes shall be in form and substance satisfactory to Agent and shall be pledged and delivered to Agent pursuant to the applicable Pledge Agreement or Security Agreement as additional collateral security for the Obligations; (ii) AHI and Breaker Technology Ltd. shall record all intercompany transactions on its books and records in a manner satisfactory to Agent; (iii) the obligations of Breaker Technology Ltd. under any such intercompany notes shall be subordinated to the Obligations in a manner satisfactory to Agent; (iv) at the time any such intercompany loan or advance is made by AHI to Breaker Technology Ltd. and after giving effect thereto, AHI and Breaker Technology Ltd. shall be Solvent; (v) no Default or Event of Default would occur and be continuing after giving effect to any such proposed intercompany loan; and (vi) and if any intercompany loans or advances are advanced during a Separate Borrowing Base Period, AHI shall have Borrowing Availability under its separate Borrowing Base after giving effect to such intercompany loans.