Discretionary Further Advance definition

Discretionary Further Advance has the same meaning as in the Administration Agreement.
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Discretionary Further Advance means a further advance (other than a Mandatory Further Advance) made to a Borrower in respect of a Mortgage in the manner provided in Clause 8.2;
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Discretionary Further Advance has the meaning given to it in the Administration Agreement;
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Examples of Discretionary Further Advance in a sentence

  • Advance shall be made pursuant to Clause 8.2.1 or Clause 8.2.3 if the effect thereof would be to extend the final maturity date of the relevant Mortgage beyond 30 April 2043 and, subject to the provisions of Clause 8.2.1 and Clause 8.5, any Discretionary Further Advance may be made if it will not cause this limit to be exceeded.

  • Advance shall be made pursuant to Clause 8.2.1 or Clause 8.2.3 if the effect thereof would be to extend the final maturity date of the relevant Mortgage beyond 30 April 2048 and, subject to the provisions of Clause 8.2.1 and Clause 8.5, any Discretionary Further Advance may be made if it will not cause this limit to be exceeded.

  • Advance shall be made pursuant to Clause 8.2.1 or Clause 8.2.3 if the effect thereof would be to extend the final maturity date of the relevant Mortgage beyond 31 October 2045 and, subject to the provisions of Clause 8.2.1 and Clause 8.5, any Discretionary Further Advance may be made if it will not cause this limit to be exceeded.

Related to Discretionary Further Advance

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

  • 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).

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

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).