Facility advance definition

Facility advance means an advance of funds by the Facility to a Regular or Agent member.
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Facility advance means an Advance made pursuant to Section 2.02(a).
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Facility advance means any advance made by the Facility Lenders under the Loan Agreement.
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Examples of Facility advance in a sentence

  • In addition, the Board is amending § 725.17(b)(2) to clarify that an agent may apply for a Facility advance based on its own liquidity needs.

  • Having examined the terms & conditions to Tender Notice and Specifications of goods / supplies mentioned at Annex-B of the Tender Document bearing No. dated /2017, the receipt of which is hereby acknowledged we, the undersigned, offer to supply and deliver all items in conformity with specifications mentioned in Tender Document and conditions of Tender for the sum of Rs. /-including GST for all tender items for (Category-1/Category-2)(Rupees in words).

  • For example, on December 14, 2006, the New Jersey State Education Facility advance refunds two bonds originally issued at par17Table A-3 in the appendix shows that including the current refundings in the sample slightly increases the aggregate value lost, but has little effect on the qualitative features of these aggregates.with coupons of 3.875%.

  • The Regular member must report such security interests to the Facility as follows: Each application of the Regular member for Facility advance shall show the total amount borrowed by the Regular member from sources other than the Facility and shall identify the types of assets, if any, which the Regular member has pledged or subjected to a security interest in order to secure repayment of the amounts borrowed.

  • For the reasons described below, the Board is replacing the 110% requirement with a requirement that a credit union collateralize a Facility advance or Agent loan in accordance with the Facility collateral table posted on the NCUA’s website, www.NCUA.gov.

  • The Board is reducing the amount of collateral required for certain assets used to secure each Facility advance and each agent loan.

  • The NCUA Board is required to approve or deny any application for a Facility advance within five working days after receiving it per 12 U.S.C. §306 (a)(1).

  • By regulation, each Facility advance must be secured by a first priority security interest in assets of the borrowing natural person credit union.

  • Currently, this section of the NCUA’s regulations requires that each Facility advance and each agent loan be secured by a first priority security interest in collateral of the credit union with a net book value at least equal to 110% of all amounts due under the applicable Facility advance or agent loan, or by guarantee of the NCUSIF.

  • Such assets must have a net book value of at least 110% of all amounts due under the applicable Facility advance, or by guarantee of the National Credit Union Share Insurance Fund.


More Definitions of Facility advance

Facility advance. For each UDC Eligible Contract (as defined hereinbelow), the product of such Eligible Contract's unpaid principal balance and the least of:
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Related to Facility advance

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • 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.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

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

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

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

  • 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).

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Equipment Advance is defined in Section 2.1.1.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

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

  • Revolving Advance has the meaning given in Section 2.1.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

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

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

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