Commercial Facility Advance definition

Commercial Facility Advance means the principal amount of each borrowing by the Borrower under this Agreement of a portion of the Commercial Facility Loan Commitment.
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Commercial Facility Advance means an advance of the Commercial Facility Commitments in accordance with clause 4 of this Agreement.
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Commercial Facility Advance means an advance of the Commercial Facility Commitments forming part of an Advance, being the Relevant Percentage, in relation to the Commercial Facility, of an Advance.
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Examples of Commercial Facility Advance in a sentence

  • A Commercial Facility Advance is permitted for the amount by which the final Atradius Facility Advance is less than the Estimated Final Atradius Facility Advance.

  • Evidence in form and substance satisfactory to the Facility Agent that the amount of the Delivery Commercial Facility Advance (when aggregated with each of the other Advances and the Estimated Final Atradius Facility Advance) is sufficient to (together with equity or Indebtedness which is fully and effectively subordinated to the Facility Secured Obligations) pay all Eligible Delivered Costs.

  • For the avoidance of doubt, only eight (8) Drawdown Notices may be submitted, with each Drawdown Notice specifying up to two Advances, being one Commercial Facility Advance and one Atradius Facility Advance, under the terms of this Agreement up to and including the end of the Availability Period and each such Advance shall be in accordance with this clause 3.

  • Pursuant to clause 4.1 of the Agreement, we irrevocably request that you make the [first/second/final] Advance in the sum of [•], being: [●] in respect of the KEXIM Facility Advance; [●] in respect of the KEXIM Guarantee Facility Advance; [●] in respect of the K-Sure Facility Advance; [●] in respect of the GIEK Facility Advance; [●] in respect of the Commercial Facility Advance, to us on [●], which is a Banking Day, by paying the amount of the [first/second/final] Advance to the Earnings Account.

  • The Borrower shall procure that the Facility Agent (or its duly authorised representative) has received the documents and other evidence listed in Schedule 2, Part 3 of this Agreement by the earlier of (i) the date falling ten (10) Banking Days after the Delivery Date, and (ii) the date of the Delivery Commercial Facility Advance (the Completion Time).

  • Your health information may be disclosed to avert a serious threat to the health and safety of you or any other person pursuant to applicable law.Government Functions.

  • Pursuant to clause 4.1 of the Agreement, we irrevocably request that you make the Advance in the sum of [●], being: [●] in respect of the GIEK Facility Advance; [●] in respect of the Commercial Facility Advance, to us on [●], which is a Banking Day, by paying the amount of the Advance to [●].

  • To the extent not previously reduced, the amount of each such instalment for each Commercial Facility Advance, (except for the final instalment for each such Commercial Facility Advance), shall be 1/40th of the amount of that Commercial Facility Advance originally drawn and the amount of the final instalment for each Commercial Facility Advance shall be 21/40th of the amount of the relevant Commercial Facility Advance originally drawn.

  • Subject to the other provisions of this Agreement, each Commercial Facility Lender shall participate in each Commercial Facility Advance in the proportion which its Commercial Facility Loan Commitment bears to the Total Commercial Facility Loan Commitments.

  • A copy of the Budget updated as at the Drawdown Date of the Delivery Commercial Facility Advance (to be provided to the Facility Lenders as soon as practicable after receipt by the Facility Agent).

Related to Commercial Facility Advance

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

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • 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).

  • Loan Advance The meaning specified in Section 2.2(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.

  • 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.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • 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.

  • 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).

  • 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.

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

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

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

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Equipment Advance is defined in Section 2.1.1.

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