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.

Base Advance means an Advance made under Section 2.1(a) and specified to be a Base Advance in accordance with Article 2.

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.

• All costs, expenses, and fees due to be paid by Borrower on or before the date of the Borrowing Base Advance under the Loan Documents shall have been paid in full.

• Whenever Borrower desires a Borrowing Base Advance, Borrower will notify Bank by facsimile transmission or telephone no later than 3:00 p.m. Pacific time, on the Business Day that the Borrowing Base Advance is to be made.

• 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.

• Borrower shall have delivered to the Lender a Draw Request for such Borrowing Base Advance.

More Definitions of Base Advance

Base Advance means any Advance that bears interest determined with reference to the Base Rate.

Base Advance means all Advances other than Bridge Advances.

Base Advance means an Advance under the Revolving Loan or the Term Loan bearing interest at the Base Rate.

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.

Base Advance the meaning given in Section 2.04(a) of the MPA.