Advance B definition

Advance B means the advance equal to the lesser of (i) USD17,000,000 and (ii) 50% of the Valuation Amount of Vessel B determined no more than 10 days prior to the Drawdown Date relating thereto or, as the context requires, the amount thereof outstanding from time to time;

Advance B means an amount equal to the lesser of (i) an amount not exceeding 5 per cent. of the Initial Market Value of the Ship and (ii) $1,300,000, made available to the Borrower pursuant to the terms of this Agreement;

Advance B means the borrowing by the Borrower of a part of the Commitment under this Agreement in an amount equal to the relevant Maximum Advance Amount or, as the context may require, the principal amount outstanding of that Advance at any relevant time;

Examples of Advance B in a sentence

• At least three (3) Business Days prior to each Payment Date for a Eurodollar Advance, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of any Eurodollar Advance outstanding on the Payment Date (A) is to be rolled over as another Eurodollar Advance, (B) is to be converted to a Base Rate Advance, or (C) is to be repaid.

• Stop Advance B Amount of principal and interest advances Recovered recovered at stop date.

• Each separable convolution is performed in three sequential rounds: In the first round, for every (y, z) grid coordinate pair, grid values are broadcast along the x dimension, and the x convolution is computed.

• The scores submitted for Advance B and Excellent B for each event will be combined and the 10 combined scores will be averaged.

• Borrowers shall pay equal monthly principal reduction payments on the Term Advance B, each in the amount of $55,555.56.

More Definitions of Advance B

Advance B means the principal amount of the borrowing by the Borrowers under this Agreement in respect of Ship B or, as the context may require, the principal amount outstanding of such Advance in respect of that Ship under this Agreement;

Advance B means the amount of USD 6,750,000 to be made available to Iris to enable Iris to repay amounts outstanding under the Iris Loan Agreement;

Advance B means an Advance up to a maximum of $136,250,000 comprising the KEXIM Facility Advance B and the Commercial Facility Advance B relative to Ship B.

Advance B means an amount equal to the relevant Maximum Advance Amount in respect of that Advance to be used in or towards financing in part the Contract Price of Ship B or, as the context may require, the principal amount outstanding of that Advance at any relevant time;

Advance B means an amount of up to US$8,650,000 to finance part of the acquisition cost of Ship A or, as the context may require, the principal amount outstanding of Advance B at any relevant time;

Advance B means the advance in the amount of two million five hundred and sixty thousand Dollars (USD2,560,000) or, as the context requires, the amount thereof outstanding from time to time;

Advance B means an amount equal to the lesser of (i)$16,000,000 and (ii) 77 per cent. of the Initial Market Value of the Ship B or, as the context may require, the principal amount outstanding of Advance B at any relevant time;