Base Advance definition

Base Advance means an Advance bearing interest at the Base Rate.
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Base Advance means an Advance under the Domestic Revolver Loan or the Foreign Revolver Loan, bearing interest at the Base Rate.
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Base Advance means an Advance made under Section 2.1(a) and specified to be a Base Advance in accordance with Article 2.
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Examples of Base Advance in a sentence

  • The aggregate Effective Amount outstanding under this Agreement shall not exceed the lesser of the Borrowing Base Advance Cap or the Total Available Committed Line Portion.

  • If the Aggregate Amount on any day ever exceeds the Borrowing Base Advance Cap, the Borrower shall immediately (1) repay on that date the excess amount or (2) Cash Collateralize on such date the excess amount.

  • Upon receipt of any such proposal, the Administrative Agent agrees to negotiate in good faith whether to add such additional types of Aircraft Assets, the respective Categories such Aircraft Assets would have on Annex B and the respective Borrowing Base Advance Rates for such Aircraft Assets in Annex C, it being understood that the inclusion of different types of Aircraft Assets would require an amendment to this Agreement requiring the consent of the Lenders pursuant to Section 10.1.

  • All sums advanced under the Borrowing Base Advance Facility shall be used for inventory purposes.

  • The first driver will run in class order and the second driver will follow when ready and when safe to do so.Newcomers (anyone who has not held a Competition Licence Prior to 1 Sept 2018).

  • If on any date after giving effect to any Cash Collateralization made on such date pursuant to the preceding sentence, the Effective Amount of all Revolving Loans then outstanding plus the Effective Amount of all L/C Obligations exceeds the lesser of (a) the Borrowing Base Advance Cap or (b) the total Uncommitted Line, the Borrower shall immediately, and without notice or demand, prepay the outstanding principal amount of the Revolving Loans and L/C Borrowings by an amount equal to the applicable excess.

  • To this, reference is made to Articles 1 and 5 of the Vienna Convention and Article 12 of the Palermo Convention to show that if the criminal activity does not generate any proceeds, then there cannot be any ‘proceeds of crime’.

  • Transportation costs are mitigated by ensuring the returning number of pallets is sufficient to fill a trailer.

  • If requested by the Lender, Borrower shall have provided the Lender with invoices and vouchers for the work for which the Borrowing Base Advance is requested and lien waivers for all work covered by prior Borrowing Base Advances.

  • Commencing six (6) months from the date of Closing and receipt by Owner of the $85,000 payment, and every six (6) months thereafter, J2 shall pay Seller, as Advance Minimum Royalty, the initial amount of $62,500 (the Base Advance Minimum Royalty), as adjusted hereunder, until “commencement of commercial production” (as that term will be defined in the APA) from the Property.


More Definitions of Base Advance

Base Advance means any Advance that bears interest determined with reference to the Base Rate.
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Base Advance means all Advances other than Bridge Advances.
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Base Advance means an Advance under the Loans bearing interest at the Base Rate.
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Base Advance those Advances requested by the Issuer from the Senior Facility Lenders on a pro rata basis up to their respective Base Committed Amounts, pursuant to the terms of the Master Participation Agreement.
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Base Advance the meaning given in Section 2.04(a) of the MPA.
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Related to Base Advance

  • Expense Advance means a payment to Indemnitee pursuant to Section 3 of Expenses in advance of the settlement of or final judgement in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation which constitutes a Claim.

  • 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.

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

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

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

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

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

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • ABR Advance means an Advance which bears interest at the Alternate Base Rate.

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

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.