Default Advance definition

Default Advance has the meaning assigned that term in Section 2.6.
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Default Advance shall have the meaning set forth in Section 5.5.
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Default Advance has the meaning set forth in Section 4.2(a).
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Examples of Default Advance in a sentence

  • Any prepayment in part under this Section 2.7(a) shall be applied by the Bank against each such Liquidity Advance, Term Loan or Default Advance, as the case may be, in the order in which each such Liquidity Advance, Term Loan or Default Advance, as the case may be, was made.

Related to Default 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.

  • Mandatory Default Amount means the sum of (a) the greater of (i) the outstanding principal amount of this Debenture, plus all accrued and unpaid interest hereon, divided by the Conversion Price on the date the Mandatory Default Amount is either (A) demanded (if demand or notice is required to create an Event of Default) or otherwise due or (B) paid in full, whichever has a lower Conversion Price, multiplied by the VWAP on the date the Mandatory Default Amount is either (x) demanded or otherwise due or (y) paid in full, whichever has a higher VWAP, or (ii) 130% of the outstanding principal amount of this Debenture, plus 100% of accrued and unpaid interest hereon, and (b) all other amounts, costs, expenses and liquidated damages due in respect of this Debenture.

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

  • 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.