Existing Advances definition

Existing Advances means Advances made under the Prior Credit Agreement (as defined therein) which are outstanding on the Effective Date.

Existing Advances means Advances made under the Existing Credit Agreement that are outstanding as of the Closing Date.

Existing Advances has the meaning set forth in Section 2.01 hereof.

Examples of Existing Advances in a sentence

Each Continuing Lender agrees to continue its Existing Advances as an Advance on the Closing Date in a principal amount equal to such Continuing Lender’s Existing Advances and (ii) each Additional Lender agrees to make an Additional Advance on such date to the Borrower in a principal amount equal to such Additional Lender’s Commitment that is in excess of the principal amount of such Lender’s Existing Advances, if any.
The parties hereto agree that, contemporaneously with the fulfilment of the conditions precedent set forth in Section 12.1, the Existing Advances shall be deemed to be outstanding under the Credit Facility and governed by the terms hereof as if they were initially issued hereunder.
The Lender has no further commitment to make any Advances hereunder, other than the Existing Advances deemed to be made pursuant hereto on the Effective Date.
As provided herein, the Trustee will make an election to treat the assets of the Trust Fund other than the Principal and Interest Account and the right of the Transferor to receive payments in respect of the Existing Advances and any interest thereon, as three separate REMICs (as defined herein) for federal income tax purposes.
Each Additional Lender will make its Advance on the Closing Date by making available to the Agent, in the manner contemplated by Section 2.02, an amount equal to its Commitment that is in excess of the principal amount of such Lender’s Existing Advances, if any.

Existing Advances has the meaning given in Section 2.1(d).

Existing Advances has the meaning specified in Section 2.01.

Existing Advances has the meaning given to such term in the preamble.

Existing Advances means, with respect to any Existing Lender, Advances by such Lender outstanding as of the beginning of business on the Execution Date.

Existing Advances means the Tranche A Advance in an amount equal to USD6,833,333.32 and the Tranche B Advance in an amount equal to HKD426,400,000.00 outstanding as at the Fourth Amendment Effective Date (for the avoidance of doubt, this does not include any advances made pursuant to a Completion Request delivered on the Fourth Amendment Effective Date, as provided for in the Common Terms Agreement Fourth Amendment Agreement).

Existing Advances has the meaning set forth in the recitals to the Loan Agreement.