Competitive Advance Note definition

Competitive Advance Note means the promissory note made by Borrower in favor of a Lender to evidence the Competitive Advances made by that Lender, substantially in the form of Exhibit D, either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed, extended or supplanted.
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Competitive Advance Note means the promissory note made by each Borrower in favor of a Lender to evidence the Competitive Advances made to that Borrower by that Lender, substantially in the form of Exhibit C, either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed or extended.
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Competitive Advance Note means any of the promissory notes made by a
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Examples of Competitive Advance Note in a sentence

  • In the event that a portion of a Competitive Advance is assigned to such assignee, the Borrower shall upon the request of such assignee execute and deliver to such assignee a Competitive Advance Note, dated the effective date of such assignment and which shall otherwise be in substantially the form of the Competitive Advance Notes.

  • A Competitive Advance Note shall be (i) in the principal amount of the Competitive Advance Loan made by such Bank and so assigned, (ii) stated to mature on the Maturity Date for such Competitive Advance Loan and bear interest from its date until paid in full on the principal balance (from time to time outstanding thereunder) payable at the rates and in the manner provided herein and (iii) not prepayable by the Borrower.

  • The Administrative Agent shall have received, for the benefit of each Lender and the Swing Loan Lender, as the case may be, a Revolving Credit Note and Competitive Advance Note in favor of each Lender, and the Swing Loan Note in favor of Swing Loan Lender, each of the Notes, duly executed by an Authorized Signatory of the Borrower.

  • Each payment or prepayment of a Competitive Advance shall be applied to the Competitive Advance Note held by the Bank which made such Competitive Advance.

  • Each payment or prepayment of a Competitive Advance shall be applied to the Competitive Advance Note held by the Lender which made such Competitive Advance.

  • To the extent the same have been requested, the Administrative Agent shall have received, for the benefit of each Lender and the Swing Loan Lender, as the case may be, a Revolving Credit Note and Competitive Advance Note in favor of each Lender, and the Swing Loan Note in favor of Swing Loan Lender, each of the Notes, duly executed by an Authorized Signatory of the Borrower.

  • Advance Note may be prepaid without the prior written consent of the Bank holding such Competitive Advance Note.

  • Unless otherwise agreed among Assignor and Assignee, amounts outstanding under Assignor's Competitive Advance Note, if any, shall not be assigned, provided, however, that if Assignor assigns to Assignee all of Assignor's Revolving Loan Commitment and all of Assignor's Revolving Loans, then Assignor shall assign all of its Competitive Advance Note and Competitive Advances, if any, in connection therewith.

  • Borrower and the Co-Borrowers agree that they shall execute and deliver (against delivery by the assigning Bank to Borrower of its Committed Advance Note) to such assignee Bank, a Committed Advance Note evidencing that assignee Bank's Pro Rata Share and a Competitive Advance Note, and to the assigning Bank, a Committed Advance Note evidencing the remaining balance Pro Rata Share retained by the assigning Bank.

  • The Competitive Advances made by each Bank shall be evidenced by a Competitive Advance Note in the aggregate amount of the Tranche A Commitments and payable to the order of such Bank.


More Definitions of Competitive Advance Note

Competitive Advance Note means any of the promissory notes made by a Borrower in favor of a Bank to evidence Competitive Advances made by that Bank, substantially in the form of Exhibit C, either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed or extended.
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Competitive Advance Note means a promissory note of the Borrower payable to the order of any Bank, in substantially the form of the attached Exhibit E-3, evidencing indebtedness of the Borrower to such Bank resulting from Competitive Advances owing to such Bank.
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Related to Competitive Advance Note

  • 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.

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

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

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

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • 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.

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

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • 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.

  • 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.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.