Deemed Advance definition

Deemed Advance means an Advance pursuant to Section 5.3 of the Intercompany Loan Agreement;
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Deemed Advance means, on any Interest Payment Date (as defined in Clause 5.1.1) an amount equal to the interest accrued on the Advance but unpaid on that Interest Payment Date.
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Deemed Advance shall have the meaning specified in Section 2.02(b).
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Examples of Deemed Advance in a sentence

  • The Cash Manager shall ensure that each Advance (including each Deemed Advance), each repayment, all payments of interest and repayments of principal of each Advance hereunder and the amount of the Guarantee Loan and Demand Loan at each Calculation Date are recorded in the Intercompany Loan Ledger at the appropriate time (which in the case of the amount of the Guarantee Loan and the Demand Loan at least two days prior to the Guarantor Payment Date following such Calculation Date).

  • Ne pas tenir le carter d’engrenages, de couleurgrise, pendant la percussion ou le perçage.3. Pour arrêter l’outil, relâchez la détente.

  • If there is any increase in the True Balance of a Loan due to an Originator making a Further Advance to a Borrower and such Further Advance is sold to the Guarantor by the Issuer or the True Balance of a Loan is increased due to Capitalized Interest or Capitalized Arrears, such increase shall be deemed to constitute a Revolving Advance if each of the Deemed Advance Preconditions set out below is satisfied at such time.

  • Such a provision would not appear to conflict with any Commonwealth legislation, present or future.

  • For the remainder of the event description, refer to paragraph 2.4.1.2, under event Request for Deemed Advance (Manual).


More Definitions of Deemed Advance

Deemed Advance means the Advance deemed to be made in the amount of, and on the date of, any Utilisation.
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Deemed Advance. Banker’s Acceptances
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Related to Deemed 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.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

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

  • 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.

  • Eligible advance means an advance made before August 19, 1993.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Revolving Advance has the meaning given in Section 2.1.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tax Advance has the meaning set forth in Section 6.02(a).

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

  • Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • 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.

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

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

  • Defaulted Advance means, with respect to any Lender Party at any time, the portion of any Advance required to be made by such Lender Party to the Borrower pursuant to Section 2.01 or 2.02 at or prior to such time that has not been made by such Lender Party or by the Administrative Agent for the account of such Lender Party pursuant to Section 2.02(e) as of such time. In the event that a portion of a Defaulted Advance shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Advance shall be considered a Defaulted Advance originally required to be made pursuant to Section 2.01 on the same date as the Defaulted Advance so deemed made in part.

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

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

  • 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.

  • Prime-based Advance means an Advance which bears interest at the Prime-based Rate.

  • Future Advance means an Advance made after the Initial Closing Date.