Additional Cost Advance definition

Additional Cost Advance. (a) in relation to the Kithnos Ship and the Kithnos Tranche, means the Kithnos Additional Cost Advance;
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Additional Cost Advance. (a) in relation to the Eton Ship and the Eton Tranche, means the Eton Additional Cost Advance;
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Additional Cost Advance means, in relation to each Borrower Ship and the Tranche relevant to such Borrower Ship, an Advance of up to $1,250,000 made or (as the context may require) to be made available to the Original Borrowers and/or Lefkas Marine S.A. and/or the Borrowers for the purpose of financing part of the Additional Cost in respect of such Borrower Ship and "Additional Cost Advances" means any or all of them;
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Examples of Additional Cost Advance in a sentence

  • The obligation of the Banks to make available the Additional Cost Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the Additional Cost Advance for such Ship, the documents and evidence specified in Part 5 of schedule 3 in respect of such Ship, in form and substance satisfactory to the Agent.

  • The obligation of the Bank to make available the Additional Cost Advance in respect of a Ship shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of the Additional Cost Advance for such Ship, the documents and evidence specified in Part 7 of schedule 2 in respect of such Ship, in form and substance satisfactory to the Bank.

  • The obligation of the Banks to make available the Additional Cost Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the Additional Cost Advance for such Ship, the documents and evidence specified in Part 5 of Schedule 3 in respect of such Ship, in form and substance satisfactory to the Agent.

  • The obligation of the Banks to make available the Additional Cost Advance in respect of any Borrower Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the Additional Cost Advance for such Borrower Ship, the documents and evidence specified in Part 5 of schedule 4 in respect of such Borrower Ship, in form and substance satisfactory to the Agent.

  • The obligation of the Banks to make available the Additional Cost Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the Additional Cost Advance for such Ship, the documents and evidence specified in Part 5 of schedule 4 in respect of such Ship, in form and substance satisfactory to the Agent.


More Definitions of Additional Cost Advance

Additional Cost Advance. (a) in relation to the Santon Ship and the Santon Tranche, means the Santon Additional Cost Advance; or
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Related to Additional Cost Advance

  • Additional Cost Rate has the meaning given to it in Schedule 4 (Mandatory Cost formulae).

  • Additional Costs has the meaning given that term in Section 4.1.

  • Additional Cost has the meaning assigned to such term in Section 3.01.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

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

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

  • 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.

  • Incremental Costs means all reasonable additional costs properly and reasonably incurred by Network Rail in respect of any modification referred to in paragraph 2.8, being the additional reasonable costs (if any) to Network Rail in respect of its obligation to maintain and operate the Network, but excluding:

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Administrative Cost Rate As of any date of determination, a rate equal to the sum of the Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

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

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Equipment Advance is defined in Section 2.1.1.

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

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

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

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

  • Eligible advance means an advance made before August 19, 1993.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).