Applicable Advance definition

Applicable Advance means, in relation to a Ship:
View Source
Applicable Advance means a Base Rate Advance, a Eurodollar Rate Advance, a Canadian Prime Rate Advance, a Canadian Eurodollar Rate Advance, the face amount of Banker's Acceptances drawn by the Canadian Borrower and accepted by a Canadian Lender pursuant to the provisions hereof or a BA Equivalent Advance, as the case may be.
View Source

Examples of Applicable Advance in a sentence

  • On each Advance Date, each Related Group shall, not later than 2:00 p.m., New York City time, on such Advance Date, remit its Applicable Advance Percentage of the requested Advance by wire transfer of immediately available funds to the account designated by the Administrative Agent, which shall be funded by the Lenders in each Related Group in the manner set forth in, and shall be subject to the terms of, Section 2.01(a).

  • Each reduction of the Commitments shall be applied to the Committed Lenders in accordance with their respective Applicable Advance Percentage.

  • The failure of the Lenders in any Related Group to fund such Related Group’s Applicable Advance Percentage of any such Advance shall not excuse the Lenders in any other Related Group from funding such other Related Group’s Applicable Advance Percentage of such Advance; provided, that no Lender in any Related Group shall be responsible for the failure of any Lender in any other Related Group to fund any Advance.

  • Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving Facility up to and including the value, in U.S. Dollars, in an amount equal to the Applicable Advance Rate of the Borrowing Base, minus, if applicable, amounts reserved pursuant to this Agreement (such calculated amount being referred to herein as the "Availability").

  • The prior written consent of the Administrative Agent shall be required if such Loan Asset to be sold is for an amount which is less than the product of the Applicable Advance Rate times the Adjusted Borrowing Value of such Loan Asset.

  • On each Advance Date, each Class A Lender and/or Class B Lender, as applicable, may, not later than 1:00 p.m., New York City time, on such Advance Date, remit its Applicable Advance Percentage of the requested Advance by wire transfer of immediately available funds to the account designated by the Administrative Agent, which shall be funded by the Class A Lender or the Class B Lender, as applicable, in the manner set forth in, and shall be subject to the terms of, Section 2.01(a).

  • Each Joinder Agreement shall also set forth any other applicable terms of the Revolving Commitments being provided thereby, including without limitation the Applicable Advance Rate (which shall be identical among all Lenders), other than pricing terms described in the Undertakings Agreement.

  • Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of the sum of (i) the Applicable Advance Rate (as hereinafter defined) of the Borrowing Base for Eligible Receivables and (ii) the Applicable Advance Rate of the Borrowing Base for Eligible Inventory minus, if applicable, amounts adjusted or reserved pursuant to this Agreement (such calculated amount being referred to herein as the “Availability”).

  • The lesser of (i) the Applicable Advance Percentage of the value of Eligible Inventory of each of the Eligible Loan Parties (other than ModusLink PTS, Inc.) plus the Applicable Advance Percentage of the value of Eligible PTS Inventory, and (ii) $15,000,000 (provided that no more than $5,000,000 shall be attributed to ModusLink PTS, Inc.

  • Securities Availability Cap, and (iii) as to each item of Additional Collateral on deposit in the Additional Collateral Account, the amount of such Additional Collateral multiplied by the Applicable Advance Rate, to be at least equal to the Letter of Credit Outstandings.

Related to Applicable Advance

  • Applicable Advance Rate means the following:

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

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

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.