Australian Advances Sample Clauses
The 'Australian Advances' clause defines the terms and conditions under which advances or loans are provided in Australia under a contract. Typically, this clause outlines the procedures for requesting advances, the eligibility criteria, and any specific regulatory or compliance requirements unique to Australian financial transactions. For example, it may specify the documentation needed for an advance or set out the interest calculation methods in accordance with Australian law. The core function of this clause is to ensure that advances are managed in a manner compliant with local regulations, providing clarity and legal certainty for both parties involved in the transaction.
Australian Advances. Each Australian Borrower agrees to repay to the Administrative Agent for the ratable account of each Australian Lender on the Termination Date applicable to such Lender the aggregate principal amount of the Australian Advances made to it and then outstanding.
Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bank Bill Rate Advances in Australian Dollars and EurocurrencyTerm Benchmark Rate Advances in US Dollars to any Australian Borrower from time to time on any Business Day during the period from the Restatement Date until the Termination Date in an amount (based in respect of any Australian Advances to be denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars determined on the date of delivery of the applicable Notice of Australian Borrowing) not to exceed such ▇▇▇▇▇▇’s Unused Australian Commitment. Each Australian Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of Australian Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Unused Australian Commitments. Within the limits of each Lender’s Australian Commitment, any Australian Borrower may borrow under this Section 2.1(c), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(c).
Australian Advances. The Australian Lender shall make Australian Advances to South Pacific in such amounts as South Pacific may from time to time request, but at no time shall the Dollar Equivalent of the aggregate principal amount of Australian Advances outstanding to South Pacific exceed the Australian Advance Limit. No Lender other than the Australian Lender shall make Australian Advances pursuant to this Agreement, and no Borrower other than South Pacific shall obtain Australian Advances. Upon the making of each Australian Advance by the Australian Lender, each Lender shall be deemed irrevocably and unconditionally to have purchased from the Australian Lender, without recourse or warranty, a risk participation in such Australian Advance in an amount equal to such Lender's Ratable Share times the Dollar Equivalent of the Australian Advance.
Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bank ▇▇▇▇ Rate Advances in Australian Dollars to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an amount not to exceed such Lender’s Unused Australian Commitment. Each Australian Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof (or in an amount equal to the aggregate amount of the Unused Australian Commitments) and shall consist of Australian Advances made on the same day by the Australian Lenders ratably according to their respective Australian Commitments. Within the limits of each Lender’s Unused Australian Commitment, the Borrower may borrow under this Section 2.01(b), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b).