Facility D Advance definition

Facility D Advance means a direct advance by a Lender to the US Borrower by way of US Prime Rate Advance or SOFR Advance pursuant to Section 6.2.1.
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Facility D Advance means a Facility D1 Advance, Facility D2 Advance, Facility D3 Advance, Facility D4 Advance or Facility D5 Advance.
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Facility D Advance means an Advance made to the Borrower under Facility D;
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Examples of Facility D Advance in a sentence

  • Subject to the terms and conditions of this Agreement, an Advance will be made to the Borrower following receipt by the Agent from the Borrower of a Drawdown Notice signed by an Authorised Officer not later than 11 a.m. on the third Banking Day (in the case of a Facility D Advance) or 11 a.m. on the second Banking Day (in the case of any other Advance) before the proposed Drawdown Date.

  • The Margin in respect of each Facility D Advance shall be 5 per cent.

  • No Facility D Advance may be outstanding after the Facility D Final Maturity Date.

  • The amount of the Facility A Advance and each Facility D Advance shall be determined in accordance with clause 4.9.

  • The obligation of each Facility A Lender, each Facility B Lender and each Facility D Lender under this Agreement shall be to contribute that proportion of each Facility A Advance, Facility B Advance or Facility D Advance which, as at the Drawdown Date of such Advance, its Facility A Commitment, Facility B Commitment or Facility D Commitment (as the case may be) bears to the Facility A Total Commitments, the Facility B Total Commitments or the Facility D Total Commitments (as the case may be).

  • Subject to the terms and conditions of this Agreement, an Advance will be made to the relevant Borrower following receipt by the Agent from such Borrower of a Drawdown Notice signed by an Authorised Officer not later than 11 a.m. on the third Banking Day (in the case of a Facility D Advance) or 11 a.m. on the second Banking Day (in the case of any other Advance) before the proposed Drawdown Date.

  • The Margin in respect of each Facility D Advance shall be the rate per annum set out in the Facility D Lender Accession Agreement provided that such rate does not exceed 4 per cent.


More Definitions of Facility D Advance

Facility D Advance means an advance made or to be made by the Banks under Facility D.
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Facility D Advance means a Facility D1 Advance, a Facility D2 Advance or a Facility D3 Advance;
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Related to Facility D Advance

  • 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.

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

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

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

  • 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 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.

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

  • Revolving Advance has the meaning given in Section 2.1.

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

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

  • 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.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • 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.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • 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 C Loan has the meaning specified in Section 2.01(c).

  • 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.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Equipment Advance is defined in Section 2.1.1.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).