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.
No Event of Default or Unmatured Event of Default shall have occurred and be continuing on the date of such Borrowing Base Advance, both before and after giving effect thereto.
The unpaid principal of each Floating Base Advance shall bear interest from the date of advance until paid at a rate per annum which shall from day to day, be equal to the lesser of: (a) the Floating Base Rate or (b) the Maximum Rate.
Proprietary Page 1 Attachment A to Letter Agreement UAL-PA-03784-LA-1207879 737-900ER Option Aircraft Delivery, Description, Price and Advance Payments Delivery Number of Escalation Factor Escalation Estimate Adv Payment Base Advance Payment Per Aircraft (Amts.
Borrowers shall furnish to Agent the Request for Borrowing by at least 11:00 a.m. (Fort Worth time) three (3) Eurodollar Business Days prior to the requested Eurodollar Borrowing date (which must be a Eurodollar Business Day) and by at least 11:00 a.m. (Fort Worth time) on the requested borrowing date (which must be a Business Day) for a Floating Base Advance.
Borrower shall have delivered to the Lender a Draw Request for such Borrowing Base Advance.
Interest on the unpaid principal of each Floating Base Advance shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days.