Advance D definition

Advance D means the advance equal to the lesser of (i) USD47,500,000 and (ii) 60% of the Valuation Amount of Vessel D 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 D means the principal amount of the borrowing by the Borrowers under this Agreement in respect of Ship D or, as the context may require, the principal amount outstanding of such Advance in respect of that Ship under this Agreement.

Advance D means the lesser of (i) USD9,850,000 and (ii) 60% of the Valuation Amount of Vessel D as at the Drawdown Date of Advance D, to be made available by the Lenders to the Borrower to be applied in or towards payment to the Seller of the cost of acquisition of Vessel D or, as the context requires, the amount thereof outstanding from time to time;

Examples of Advance D in a sentence

• War 1-p -c , p -c Build (R pays k) D Advance D Pre-Shift Prevent War Pre-Shift 1-p R R-c D D, p R R R-cR 1-yt, yt 0 Accept yt 1 R Reject War Post-Shift 1-p'R-cD, pR' -cR Figure 3.1: The model.

• The Lenders, relying upon each of the representations and warranties in Clause 4 and subject to Clause 3, agree to make Advance D available to the Borrower upon and subject to the terms of this Agreement and the Facility Agreement to enable the Borrower to on-lend the same to Aurora to refinance the purchase of “NAVIOS AURORA I”.

• Subject to the terms of this Agreement, the obligations of the Lenders shall be to contribute to Advance D as to 50% each.

• Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a senior secured term loan facility of up to $127,200,000, in four Advances, Advance A, Advance B, Advance C and Advance D for the purpose stated in the preamble to this Agreement.

• The obligation of the Lender to make its Commitment available in respect of the first to be made available of Advance C and Advance D is further conditional upon the Lender, or its authorised representative, having received, on or prior to the relevant Drawdown Date, the relevant documents and evidence specified in Part 3 of schedule 2 in form and substance satisfactory to the Lender.

More Definitions of Advance D

Advance D means the advance of the lesser of (i) USD35,000,000 and (ii) 65% of the Valuation Amount of “NAVIOS AURORA I” as at the Advance D Drawdown Date, to be applied in on-lending to Aurora to refinance the purchase of “NAVIOS AURORA I”;

Advance D means the principal amount of up to the lesser of (i) USD6,000,000 and (ii) 50% of the Valuation Amount of Vessel D as at the relevant Drawdown Date, to be made available by the Lenders to the Borrowers subject to clause 2 of this Agreement for the purpose described in clause 2.1 or, as the context requires, the amount thereof outstanding from time to time;

Advance D means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship D and (b) 65% of the Delivery Price of Ship D on the Utilisation Date relative to such Advance, comprising a KEXIM Facility Advance, a K-Sure Facility Advance and a Commercial Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.Advance E means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship E and (b) 65% of the Delivery Price of Ship E on the Utilisation Date relative to such Advance, comprising a KEXIM Facility Advance, a K-Sure Facility Advance and a Commercial Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.Advance F means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship F and (b) 65% of the Delivery Price of Ship F on the Utilisation Date relative to such Advance, comprising a KEXIM Facility Advance, a K-Sure Facility Advance and a Commercial Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.Advance G means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship G and (b) 65% of the Delivery Price of Ship G on the Utilisation Date relative to such Advance, comprising a KEXIM Facility Advance, a K-Sure Facility Advance and a Commercial Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.Advance H means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship H and (b) 65% of the Delivery Price of Ship H on the Utilisation Date relative to such Advance, comprising a KEXIM Facility Advance, a K-Sure Facility Advance and a Commercial Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.Advances means Advance A, Advance B, Advance C, Advance D, Advance E, Advance F, Advance G and Advance H and Advance means any of them.Affiliate means, in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other Subsidiary of that Holding Company.Agent includes...

Advance D means the principal amount of the Advance referred to in Clause 3.2(b)(iv) made or to be made by the Lender pursuant to Clause 3 or (as the context requires) the principal amount thereof for the time being outstanding under this Agreement;

Advance D means a borrowing of a part of the Total Commitments by the Borrower up to the Ship Commitment in respect of Ship D, which is to be made available in relation to Ship D, or (as the context may require) the outstanding principal amount of such borrowing.

Advance D and “Advance E” have the meanings given to them in Clause 2.1;

Advance D means an amount equal to the least of (i) $3,900,000, (ii) 55% of the Fair Market Value of Ship K and (iii) an amount which, when added to the Advances which have been drawn down on or prior to Advance D will equal 55% of the aggregate Fair Market Values of all the Guarantor Ships which will be subject to a Mortgage on the Drawdown Date in respect of Advance D, to be applied in or towards financing or refinancing the acquisition of Ship K or, as the context requires, the amount thereof outstanding from time to time;