First Advance definition

First Advance has the meaning ascribed to it in Section 2.02(a).

First Advance in relation to the Andros Ship and the Andros Tranche, means the Andros First Advance;

First Advance means the first advance by the Lender of the Loan;

Examples of First Advance in a sentence

• The Effective Date shall have occurred or will occur concurrently with the First Advance.

• Within thirty (30) days of Landlord’s receipt of the First Advance Notice and an endorsement to Landlord’s owner’s title insurance policy increasing the insured amount thereunder by $100,000,000.00 in the form attached hereto as Exhibit G or in another form reasonably acceptable to Landlord (at Tenant’s sole cost and expense), Landlord shall advance to Tenant an amount equal to $100,000,000 (the “First Additional Advance”).

• If the First Advance Date has not occurred by the First Advance Longstop Date, the Guarantor may terminate this Agreement upon no less than [*****] prior written notice to the Borrower.

• From and after the date that is 24 months after the First Advance Date, the Borrower has received a notification of compliance with the CPA Requirements from MARAD.

More Definitions of First Advance

First Advance shall have the meaning ascribed thereto in Section 2.3 hereof.

First Advance has the meaning specified in Section 3.1(a).

First Advance means the first Advance made to the Borrower under this Agreement.

First Advance. The first installment of the Loan funded by the Lender[DLI] in the amount of Two Million One Hundred Eighty-nine Thousand Three Hundred Seventy-Five Dollars ($2,189,375).

First Advance bears the meaning ascribed thereto in clause 5.3.2;

First Advance in relation to the Santon Ship and the Santon Tranche, means the Santon First Advance; or

First Advance means a Facility A Loan of up to $124,000,000.