As agreed by the trade imputers & exports: E.g. letter of credit, CAD, Advance payment, T/T transfer etc…….
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. All L/C Advances shall be denominated in Dollars.
Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.
Unpaid Advance has the meaning assigned to such term in Section 2.05.
Loan Advance The meaning specified in Section 2.2(a).
Term Advance has the meaning specified in Section 2.01(a).
Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
Eligible advance means an advance made before August 19, 1993.
LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.
Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).
Final Advance means an Advance made pursuant to Section 2.02(d).
Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).
VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.
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).