Delivery Date Advance definition

Delivery Date Advance means, in relation to an Additional Ship which is a newbuilding, an Advance of Facility B made, or to be made, to finance the instalment of the Contract Price falling due on the Delivery Date for that Additional Ship;
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Delivery Date Advance means a Drawing made, or to be made to finance the instalment of the Contract Price falling due on the Delivery Date.
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Delivery Date Advance means an Advance made, or to be made, to finance, in part, the instalment of the Contract Price falling due on the Delivery Date. DOC means a document of compliance issued to an Operator in accordance with rule 13 of the ISM Code.
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Examples of Delivery Date Advance in a sentence

  • The obligation of the Lenders to make the Delivery Date Advance shall be subject to the further condition that the Facility Agent, or its duly authorised representative, shall have received on or prior to the Delivery Date, the documents and evidence specified in Part 3 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.

  • The remaining amount of the Construction Contract Payments then due in connection with such Vessel shall have been paid in full substantially concurrently with the making of the applicable Delivery Date Advance (less any portion of such amount that may be withheld pursuant to the terms set forth in Article 4 of the Assigned Construction Contract and paid into the related escrow sub-account as provided therein).

  • 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.

Related to Delivery Date Advance

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • 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.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

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

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

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

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

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Initial Advance means the first Advance made pursuant to Article II.

  • 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.

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Request for Loan means a written request for a Loan substantially in the form of Exhibit E, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be included therein.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

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

  • Revolving Advance has the meaning given in Section 2.1.

  • Request for Advance means a Request for Revolving Credit Advance or a Request for Swing Line Advance, as the context may indicate or otherwise require.

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

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