Australian Advance definition

Australian Advance means an advance under the Australian Facility made in Australian Dollars or US Dollars to an Australian Borrower as part of an Australian Borrowing and refers to a Bank Xxxx Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Australian Advance)
Sample 1
Australian Advance means an advance under the Australian Facility made in Australian Dollars or US Dollars to an Australian Borrower as part of an Australian Borrowing and refers to a Bank Bill Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Australian Advance).
Sample 1
Australian Advance means an advance under the Australian Facility made in Australian Dollars or US Dollars to an Australian Borrower as part of an Australian Borrowing and refers to a Bank Bill Rate Advance or a EurocurrencyTerm Benchmark Rate Advance (each of which shall be a “Type” of Australian Advance) “Australian Borrower” means any Designated Subsidiary that is organized under the federal laws of Australia or any political subdivision thereof. “Australian Borrowing” means a borrowing consisting of simultaneous Australian Advances made by the Australian Lenders pursuant to Section 2.1(c). “Australian Commitment” means, with respect to any Australian Lender at any time, the US Dollar amount set forth opposite such Lender’s name on the Commitment Schedule attached hereto and identified as such, as such amount may be reduced from time to time pursuant to Section 2.6 or changed as a result of an assignment pursuant to Section 10.6(b). “Australian Dollars” and “AUD” each means the lawful currency of Australia. “Australian Domestic Lending Office” means, with respect to any Australian Lender, its office located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its “Australian Domestic Lending Office”) or such other office in Australia as such Lender may hereafter designate as its Australian Domestic Lending Office by notice to the Australian Borrowers and the Administrative Agent. “Australian Facility” means, at any time, the aggregate amount of the Australian Commitments at such time.
Sample 1

Examples of Australian Advance in a sentence

  • At Trendwest's election pursuant to notice in substantially the form of Exhibit E ("Australian Continuation Notice") given to the Australian Lender and Administrative Agent not later than 2:00 p.m., Eastern Time, one Banking Day prior to such continuation, and subject to the condition that no Event of Default or Possible Default shall then exist, any Australian Advance may be continued as an Australian Advance as requested by South Pacific.

  • The Australian Continuation Notice shall be in writing, or by telephonic communication confirmed by telecopy or other facsimile transmission on the same day as the telephone request, and shall specify (i) the proposed date of the continuation, and (ii) the Australian Advance being continued, and (iii) the Interest Period to be applicable in connection with such continuation.

  • Each Lender's payment of its Ratable Share of any Defaulted Amount shall, to the extent of such payment, be deemed to be a funding of such Lender's risk participation in the Australian Advance to which the Defaulted Amount relates, and each Lender making such payment shall thereupon acquire a participation interest, in accordance with such Lender's Ratable Share, in the claim of the Australian Lender against the Borrowers with respect to such payment.

  • Each Australian Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

  • If at any time the Dollar Equivalent of the outstanding principal amount of Australian Advances exceeds the Australian Advance Limit, South Pacific shall immediately prepay the Australian Advances, together with the applicable Prepayment Premium (if any), in an amount necessary to cause the Dollar Equivalent of the outstanding principal amount of Australian Advances not to exceed the Australian Advance Limit.

  • If Trendwest has not timely delivered to the Australian Lender and the Administrative Agent an Australian Continuation Notice with respect to any terminating Interest Period, the affected Australian Advance shall convert to a one-month LIBOR Loan at the end of such Interest Period.

  • The Australian Lender shall make Australian Advances to South Pacific in such amounts as South Pacific may from time to time request, but at no time shall the Dollar Equivalent of the aggregate principal amount of Australian Advances outstanding to South Pacific exceed the Australian Advance Limit.

  • Australian Advances shall be effected at the Australian Lender's Money Market Desk in Adelaide, South Australia, and shall be made at such times as Trendwest may request by notice to the Australian Lender no later than 2:00 p.m., Eastern Time, one Banking Day prior to the Borrowing Date of a requested Australian Advance.

  • Upon the making of each Australian Advance by the Australian Lender, each Lender shall be deemed irrevocably and unconditionally to have purchased from the Australian Lender, without recourse or warranty, a risk participation in such Australian Advance in an amount equal to such Lender's Ratable Share times the Dollar Equivalent of the Australian Advance.

  • The Borrower hereby requests that an Australian Advance be made to South Pacific in the amount of ________________ [specify amount of Australian Currency], on _______________, ____, for the account of South Pacific and evidenced by the Revolving Notes, and the initial Interest Period shall be [insert permitted Interest Period].

Related to Australian Advance

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Australian Dollars means the lawful currency of Australia.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Australian Dollar means the lawful currency of Australia.

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

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Advance has the meaning given in Section 2.1.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Dollar Loan means a Loan denominated in Dollars.

  • 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 Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.