Tranche 1 Advance definition

Tranche 1 Advance means an advance by a Lender pursuant to its Tranche 1 Commitment to the Borrower as part of a Borrowing.
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Tranche 1 Advance has the meaning assigned to such term in Section 2.2(a).
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Tranche 1 Advance has the meaning set forth in Section 2.2(a)(i)
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Examples of Tranche 1 Advance in a sentence

  • To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request at least three (3) Business Days before the proposed Advance Date (other than the Tranche 1 Advance to be made on the Closing Date, for which Borrower shall complete, sign and deliver an Advance Request at least one (1) Business Day prior to the Closing Date) to Agent.

  • The Tranche 1 Advance under the Hercules Term Loan Agreement was funded on September 30, 2021.

  • This rule also clarifies that the current resource exclusion for retirement accounts is restricted to the qualified retirement accounts identified in the Farm Bill, and that a resource exclusion will be allowed for any other retirement account for which an exclusion is allowed under SNAP.

  • Upon the occurrence of an event of default, the Lenders may, among other things, accelerate our obligations under the Loan Agreement.We received net proceeds from the Tranche 1 Advance of $431.3 million, after deducting debt discount and issuance costs of $18.7 million.

  • The available credit facility for Tranche 1 Advance is $nil (2009 - $nil), Tranche 2 Advance is $nil (2009 - $627,048) and Tranche 3 Advance is $nil (2009 - $129,152).

  • The minimum amount of each Subsequent Tranche 1 Advance and each Tranche 2 Advance shall be Two Million Five Hundred Thousand Dollars ($2,500,000).

  • The Tranche 1 Advance, Tranche 2 Advance, and Tranche 3 Advance are each hereinafter referred to singly as a “ Term Loan Advance ” and collectively as the “Term Loan Advances ”.

  • Locally-led adaptation implies that the individuals, households, communities, and local organizations that are on the frontline of climate risks have control over the decisions regarding their own practices, programs, and funding for adaptation.

  • All outstanding principal and accrued interest with respect to the Tranche 1 Advance and the Tranche 2 Advance, if any, as well as all other outstanding Obligations with respect to the Tranche 1 Advance and the Tranche 2 Advance, shall be immediately due and payable in full on the Tranches 1 And 2 Maturity Date.

  • The authors’ phylogenetic methodology and their application of species definitions have been extensively criticised by Rheindt & Austin (2005).


More Definitions of Tranche 1 Advance

Tranche 1 Advance means any Acquisition Facility Advance made based upon a Borrowing Base comprised of 60.01% to 65.00% of Eligible Inventory and Foreign Eligible Inventory and 85% of Eligible Receivables and Foreign Eligible Receivables as provided herein.
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Tranche 1 Advance means the advance by MPT Foothill Lender to Alta Newport in the amount of Fifty- One Million Two Hundred Sixty-Six Thousand Seven Hundred and No/100 Dollars ($51,266,700.00), as evidenced by and further defined in the Foothill Mortgage Loan Note.
Sample 1
Tranche 1 Advance and "Tranche 2 Advance" respectively contained therein and to add the following definitions in lieu thereof:
Sample 1
Tranche 1 Advance means an advance made or to be made by the Banks under Tranche 1.
Sample 1
Tranche 1 Advance is defined in Section 2.1.1(a).
Sample 1
Tranche 1 Advance has the meaning set forth in Section 2.2(a)(i). “Tranche 1 Draw Period” means the period beginning on the date of Xxxxxxxx’s achievement of the VALOR-CKD Milestone and continuing through December 31, 2022. “Tranche 1 Facility Charge” means $62,500 which is payable to Lender in accordance with Section 4.2(f), subject to funding of the Tranche 1 Advance.
Sample 1

Related to Tranche 1 Advance

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

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

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • 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.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Term Loan as defined in Section 2.1.

  • 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.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

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

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

  • Equipment Advance is defined in Section 2.1.1.

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).