Advance E definition

Advance E means the advance of USD24,000,000, to be applied in on-lending to Palermo, Hyperion and/or Sagittarius to refinance in part the purchase of Vessel A, Vessel B and Vessel C;

Advance E means the principal amount of up to the lesser of (i) USD4,000,000 and (ii) 50% of the Valuation Amount of Vessel E 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 E means the advance equal to the lesser of (i) USD10,000,000 and (ii) 50% of the Valuation Amount of Vessel E determined no more than 10 days prior to the Drawdown Date relating thereto, to be applied in refinancing such Vessel or, as the context requires, the amount thereof outstanding from time to time;

Examples of Advance E in a sentence

• Any partial prepayment in respect of Advance A or Advance B shall be applied pro rata to Advance A and Advance B and any partial prepayment in respect of Advance C, Advance D or Advance E shall be applied pro rata to Advance C, Advance D and Advance E.

• Structural Repair Manual Repair Consultation Tool Nacelle Structural Repair Manual AirN@v OFF Advance E 90.

• The Lenders, relying upon each of the representations and warranties in Clause 4 and subject to Clause 3, agree to make Advance E 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 Sagittarius, Palermo and Hyperion to refinance in part the purchase of Vessel A, Vessel B and Vessel C.

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

• F-9 PRIVILEGED AND CONFIDENTIAL EXHIBIT F NOMENCLATURE ABBR AVAIL FORM TYPE QTY DELIV COMMENTS ---------------------------------------- ------- ----- ---------- ---- --- ----- -------------------------------------- STRUCTURAL MANUALS AirN@v REPAIR , including : AirN@v ON Advance E N/A 90.

More Definitions of Advance E

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 E have the meanings given to them in Clause 2.1;

Advance E means an amount equal to the least of (i) $3,700,000, (ii) 55% of the Fair Market Value of Ship L and (iii) an amount which, when added to the Advances which have been drawn down on or prior to Advance E 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 E, to be applied in or towards financing or refinancing the acquisition of Ship L or, as the context requires, the amount thereof outstanding from time to time;

Advance E means the principal amount of the Advance referred to in Clause 3.2(b)(v) 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; and

Advance E means the principal amount equal to the lesser of (i) eight million eight hundred and fifty thousand Dollars (USD8,850,000) and (ii) 70% of the Valuation Amount of Vessel E as at the Drawdown Date of Advance E, for the purpose of the Borrowers making Advance E available to the Shareholder, which the Shareholder will use to pay to the current shareholder of Bole the purchase price of the shares in Bole, or, as the context requires, the amount thereof outstanding from time to time;

Advance E means a borrowing of a part of the Total Commitments by the Borrowers up to the Ship Commitment in respect of Ship E, which is to be made available in relation to Ship E, and comprising a Commercial Facility Advance, a KEXIM Facility Advance, a KEXIM Covered Facility Advance and a K-sure 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 the Post-Delivery Junior Facility Advance related to Newbuilding A and referred to in Clause 4.5(a);