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Borrower Advance definition

Borrower Advance means a Borrowing Advance Tranche made to Borrower and any increases thereto.
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Borrower Advance means advances made by the Lender to the Borrower pursuant to the Borrower Facility Agreement.
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Borrower Advance means, individually or collectively, as the context so implies, (i) a Borrower Loan Advance or (ii) a Borrower Royalty Receivable Advance.
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Examples of Borrower Advance in a sentence

  • Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement shall be made available in the same Specified Currency and according to the same interest conditions to those applicable to the Covered Bonds funding such Borrower Advance.

  • Each Borrower Advance granted by the Issuer for the benefit of the Borrower under the Borrower Facility Agreement shall be made available in the same Specified Currency and according to the same interest conditions to those applicable to the Covered Bonds funding such Borrower Advance.

  • The level of rate and maturity matching between the assets and the liabilities of the Issuer shall be verified by the Specific Controller.Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement will be made available in the same Specified Currency and according to the same interest conditions as the International Covered Bonds funding such Borrower Advance.

  • Lender shall on a monthly basis render to Borrower Advance Account information, which may be effected by means of posting such information to Lender's data base.

  • The terms and conditions regarding the calculation and the payment of principal and interest under a Borrower Advance shall mirror the equivalent terms and conditions of the Covered Bonds funding such Borrower Advance.The Issuer is therefore not exposed to any risk of an interest rate or currency mismatch arising between the payments received on the Borrower Advances and the payments to be made under the CoveredBonds.

  • Each Borrower Advance granted by the Issuer to the benefit of the Borrower under the Borrower Facility Agreement shall be made available in the same Specified Currency and according to the same interest conditions as those applicable to the Covered Bonds funding such Borrower Advance.

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  • In accordance with section "The Borrower and the Borrower Facility Agreement - The Borrower Facility Agreement - Principal and interest amounts" hereunder, the terms and conditions regarding the calculation and the payment of principal and interest under each Borrower Advance made by the Issuer with the net proceeds of the issue of Covered Bonds shall mirror the equivalent terms and conditions of the corresponding Final Terms of Covered Bonds.

  • If any payment of principal of or interest on a Subsidiary Borrower Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

  • The Canadian Borrower shall repay to the Agent for the ratable account of the Canadian Lenders on the Termination Date the aggregate principal amount of the Canadian Borrower Advances then outstanding; provided that the Canadian Borrower shall repay such amount in the currency in which such Canadian Borrower Advance was made.


More Definitions of Borrower Advance

Borrower Advance shall have the meaning contained in Section 2.2.
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Borrower Advance means an Advance, the proceeds of which are used to make interest or principal payments on the Securities relating to the Borrower, and Loan Notes or Securities identified in the Notice of Borrowing relating to such Borrower Advance.
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Related to Borrower Advance

  • Revolving Advance has the meaning given in Section 2.1.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • 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.

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

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

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

  • Term 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.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

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

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • 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.

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

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

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

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