Fixed Advance definition

Fixed Advance means a loan made by Lender to Borrower under the Fixed Facility Commitment.

Fixed Advance means a fixed advance made or to be made available, under the terms of the Facility Documents, by the Bank to the Client, in such Acceptable Currency, of such amount and for such period as may be agreed to and accepted by the, Bank;

Fixed Advance means a fixed rate loan made by Lender to Borrower under this Master Agreement evidenced by a Fixed Note.

Examples of Fixed Advance in a sentence

• The Fixed Facility Notes shall be payable to the order of Lender and shall be made in the original principal amount of each Fixed Advance.

• The Advance Request shall indicate whether the Request is for a Fixed Advance, a Variable Advance or both.

• The borrowing of a Fixed Advance shall permanently reduce the Fixed Facility Commitment by the original principal amount of such Fixed Advance.

• This Note is issued to evidence a Fixed Advance made in accordance with the terms of the Master Agreement.

• Borrower shall notify Lender of such selection on the Advance Request for the first Fixed Advance or on the first Conversion Request, as applicable.

• At such time as Borrower requests the first Fixed Advance, or, if prior in time, elects to convert all or a portion of the Variable Facility Commitment to a Fixed Facility Commitment, Borrower shall select yield maintenance with respect to Fixed Advances.

• The Coupon Rate shall be the rate of interest applicable to such Fixed Advance pursuant to Section 1.04(c)(i).

• Borrower may not re-borrow any part of the Fixed Advance which it has previously borrowed and repaid.

• The selection of Borrower as to yield maintenance made at the time of the first Advance Request for a Fixed Advance or the first Conversion Request shall apply to all Fixed Advances made pursuant to this Agreement.

• At January 1, 2015, the interest rate adjusted daily to 2% above the Regular Fixed Advance Rate offered by the Federal Home Loan Bank of New York for instruments having a term of five years.

More Definitions of Fixed Advance

Fixed Advance means an Advance at an interest rate which is fixed during an Interest Period.

Fixed Advance means an Advance in respect of which interest is to be calculated on the basis set out in Clause 5.5 (Calculation of Loan Interest Amount for Fixed Advances);