Original Advance definition

Original Advance means the outstanding principal amount of the Advance (as defined in the Original Loan Agreement) for the Aircraft at the Drawdown Date, immediately prior to the making of the Advance and after repayment of the final scheduled principal instalment with respect thereto on the Drawdown Date pursuant to the Original Loan Agreement.
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Original Advance is defined in the first recital.
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Original Advance means the advance of the Original Principal Amount by the Lender to the Corporation pursuant to the terms of the Original Debenture;
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Examples of Original Advance in a sentence

  • If you have repaid the Original Advance, for purposes of certainty, you acknowledge and agree that the CEBA Term Loan Agreement has not been terminated, remains in full force and effect and subject to this Amending Agreement.

  • Sell all or any part of the Collateral and apply the proceeds of such sale to the Obligation to bring the Obligation back into compliance ( that is, to reduce the unpaid principal of the Obligation such that the unpaid principal of The Obligation is less than the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage shown on Schedule I for each type of Collateral securing the Obligation).

  • Sell all or any part of the Collateral and apply the pmceeds of such sale to the Obligation to bring the Obligation back into compliance I that is, to reduce the unpaid principal of the Obligation such that the unpaid principal of the Obligation is less than the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage shown on Schedule I for each type of Collateral securing the Obligation).

  • No advance requested by Pledgor shall be made to Pledgor if the sum of (I) the outstanding principal balance of the Obligation plus (ii) the amount of the advance requested, equals or exceeds the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage for each type of Collateral securing the Obligation.

  • No advance requested by Pledgor shall be made to Pledgor if the sum of (i) the outstanding principal balance of the Obligation plus (ii) the amount of the advance requested, equals or exceeds the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage for each type of Collateral securing the Obligation.

  • The Lenders are willing, on the terms and subject to the conditions contained in this Agreement, to provide the Borrower with a commercial financing facility which will be utilised by the Borrower in the re-financing of the Original Advance.


More Definitions of Original Advance

Original Advance means the first Loan made by the Company to the Borrower.
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Original Advance means the first Loan made by the Company to the Borrower. “Principal Sum” means:
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Original Advance shall have the meaning set forth in Section 2.1.1(b) hereof.
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Related to Original Advance

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

  • Initial Advance means the first Advance made pursuant to Article II.

  • 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).

  • 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.

  • 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.

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

  • Term Loan as defined in Section 2.1.

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

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.