Disproportionate Advance definition

Disproportionate Advance is defined in Section 2.5(e).

Disproportionate Advance shall have the meaning in subsection 2(a) hereof.

Disproportionate Advance means any Advance made by a Lender wherein the amount advanced is not in accordance with such Lender’s Pro Rata share.

Examples of Disproportionate Advance in a sentence

• Notwithstanding the foregoing, all funds received or on deposit in the Concentration Account by 3:00 p.m. on any Business Day shall be applied to repay first any Disproportionate Advance and then any of Citibank's Revolving Loans outstanding at such time.

• In the event the advance of any extension of credit constituting a portion of the Canadian Loan would cause the Credit Exposure owned by Paribas and Paribas Bank of Canada to exceed Paribas' Commitment, the U.S. Borrower and the Lenders shall create a Disproportionate Advance under Section 2.1.5.

• Revenues, except for grants, are recognized as soon as they are both measurable and available.

• At the time any such purchase of participations is actually made, the purchasing Lender shall pay Paribas interest on the principal amount of the participation purchased at the overnight Federal Funds Rate for each day, commencing with the date the Disproportionate Advance otherwise would have occurred to the date of payment for such participation.

• Each Disproportionate Advance must be subject to a Eurodollar Pricing Option in accordance with the terms hereof with a Eurodollar Interest Period commencing no earlier than the date the Disproportionate Advance is created.

More Definitions of Disproportionate Advance

Disproportionate Advance has the meaning ascribed to such term in Section 2.1.1(b).

Disproportionate Advance is defined in Section 2.3(e).

Disproportionate Advance has the meaning specified in Section 2.03(d)

Disproportionate Advance has the meaning set forth in Section 1.1(a).

Disproportionate Advance is defined in Section 2.3(e). “Dollars” and “$” each means the lawful currency of the United States of America. “DSCR Cure Amount” means a repayment amount (subject to the minimum amount set forth in Section 2.6(a)), when added to the Net Revenue of the Borrower for a period for which the Debt Service Coverage Ratio was less than 1.05:1.00, will result in the Debt Service Coverage Ratio for such period to be at least 1.05:1.00. “Early Amortization Event” shall mean the occurrence of any one or more of the following events:

Disproportionate Advance shall have the meaning ascribed to such term in Section 2.03(c)(i)(B).

Disproportionate Advance shall have the meaning specified in SUBSECTION 2(A) hereof.