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 Revolver A Loan, the Revolver B Loan or the Working Line Loan, as applicable, 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.

  • In the event that any Lender is unable, for the reasons set forth above, to make, maintain or fund its portion of any Eurodollar Loan, such Lender shall fund such amount as a Base Advance for the same period of time, and such amount shall be treated in all respects as a Base Advance.

  • 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’.

  • 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.

  • Even some of the countries that have generally followed sound fiscal and monetary policies have become engulfed in these crises (Chapra 2008).

  • 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 Committed 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.


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 the meaning given in Section 2.04(a) of the MPA.
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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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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 any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

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

  • ABR Advance means an Advance which bears interest at the ABR 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.

  • Future Advance means an Advance made after the Initial Closing Date.

  • 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 as provided in Section 2.06(a)(i).

  • 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, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.