Contract Instalment Advance definition

Contract Instalment Advance means any of them;
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Contract Instalment Advance means, in relation to any Additional Ship which is a newbuilding, an Advance of Facility B made, or to be made, to finance the payment of an instalment of the relevant Contract Price falling due before the Delivery Date for that Additional Ship;
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Contract Instalment Advance means subject always to the provisions of this Agreement, Drawings in the maximum amount not exceeding the relevant instalment amount of the Contract Price set out in each column (3) of Part A of Schedule 7 (as such sumsinstalment amount may be adjusted as permitted under the Building Contract) which shall be applied in payment of part of the instalment of the Contract Price payable by the Borrower at the completion of the relevant stage of construction of the Vessel pursuant to the Building Contract.
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Examples of Contract Instalment Advance in a sentence

  • The obligation of the Banks to make available the first Contract Instalment Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the first Contract Instalment Advance for such Ship, the documents and evidence specified in Part 2 of schedule 3 in respect of such Ship, in form and substance satisfactory to the Agent.

  • The obligation of the Banks to make available any of the second, the third or the fourth Contract Instalment Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the relevant Contract Instalment Advance for such Ship, the documents and evidence specified in Part 3 of schedule 3 in respect of such Ship and such Advance, in form and substance satisfactory to the Agent.

  • The obligation of the Bank to make any Advance which is a Contract Instalment Advance of Facility B shall be subject to the condition that the Bank, or its duly authorised representative, shall have received, on or prior to the day on which that Advance is intended to be made, the documents and evidence specified in Part 4 of Schedule 3 in form and substance satisfactory to the Banks.

  • The obligation of the Lenders to make any Advance (including the first Advance) which is the Contract Instalment Advance shall be subject to the condition that the Facility Agent, or its duly authorised representative, shall have received, on or prior to the day on which that Advance is intended to be made, the documents and evidence specified in Part 2 of Schedule 3 in form and substance (including as to all commercial terms) satisfactory to the Facility Agent or (as the case may be) the Lenders.

  • Advances The obligation of the Banks to make available the first Contract Instalment Advance in respect of any Borrower Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the first Contract Instalment Advance for such Borrower Ship, the documents and evidence specified in Part 2 of schedule 4 in respect of such Borrower Ship, in form and substance satisfactory to the Agent.

  • The obligation of the Banks to make any Advance which is a Contract Instalment Advance or Delivery Date Advance of Facility B shall be subject to the condition that the Agent, or its duly authorised representative, shall have received, on or prior to the day on which that Advance is intended to be made, the documents and evidence specified in Part 4 of Schedule 4 in form and substance satisfactory to the Banks.

  • The obligation of the Banks to make any Advance which is a Contract Instalment Advance of Facility B shall be subject to the condition that the Agent, or its duly authorised representative, shall have received, on or prior to the day on which that Advance is intended to be made, the documents and evidence specified in Part 4 of Schedule 4 in form and substance satisfactory to the Banks.

  • The obligation of the Banks to make available the first Contract Instalment Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the first Contract Instalment Advance for such Ship, the documents and evidence specified in Part 2 of Schedule 3 in respect of such Ship, in form and substance satisfactory to the Agent.

  • The obligation of the Banks to make available any of the second, the third or the fourth Contract Instalment Advance in respect of any Ship shall be subject to the condition that the Agent or its duly authorised representative shall have received, on or prior to the drawdown of the relevant Contract Instalment Advance for such Ship, the documents and evidence specified in Part 3 of Schedule 3 in respect of such Ship and such Advance, in form and substance satisfactory to the Agent.

  • The obligation of the Banks to make any Advance which is a Contract Instalment Advance shall be subject to the condition that the Agent, or its duly authorised representative, shall have received, on or prior to the day on which that Advance is intended to be made, the documents and evidence specified in Part 4 of Schedule 4 in form and substance satisfactory to the Banks.


More Definitions of Contract Instalment Advance

Contract Instalment Advance means each Xxxxxxx Contract Instalment Advance and each Xxxxxxx Contract Instalment Advance, and also it means:
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Contract Instalment Advance means, in relation to each Borrower Ship and the Tranche relevant to such Ship, each of the four (4) Advances of such Tranche in the amount of (a) up to $1,000,000, in the case of the first such Advance for the relevant Borrower Ship, (b) up to $1,500,000, in the case of each of the second and third such Advances for the relevant Borrower Ship and (c) up to $2,000,000, in the case of the fourth such Advance for the relevant Borrower Ship, each made or (as the context may require) to be made available to the Original Borrowers and/or Lefkas Marine S.A. and/or the Borrowers to finance the payment of an instalment of the Contract Price in respect of such Borrower Ship falling due before the Delivery Date for such Borrower Ship, in each case as set out in more detail in schedule 6 and "Contract Instalment Advances" means any or all of them;
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Contract Instalment Advance means an Advance made, or to be made, to finance, in part, the payment of the keel-laying instalment of the Contract Price.
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Contract Instalment Advance means, in relation to each Ship and the Tranche relevant to such Ship, each of the four (4) Advances of such Tranche in the amount of (a) up to $1,000,000, in the case of the first such Advance for the relevant Ship, (b) up to $1,500,000, in the case of each of the second and third such Advances for the relevant Ship and (c) up to $2,000,000, in the case of the fourth such Advance for the relevant Ship, each made or (as the context may require) to be made available to the Borrowers to finance the payment of an instalment of the Contract Price in respect of such Ship falling due before the Delivery Date for such Ship, in each case as set out in more detail in schedule 6 and “Contract Instalment Advances” means any or all of them;
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Related to Contract Instalment Advance

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

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

  • Instalment Date means each date specified as such in the Final Terms.

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

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

  • Equipment Advance is defined in Section 2.1.1.

  • 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).

  • 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).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

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

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

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.