Fourth Advance definition

Fourth Advance in relation to the Andros Ship and the Andros Tranche, means the Andros Fourth Advance;
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Fourth Advance. The fourth installment of the Loan funded by the Lender in the amount of Four Hundred Thousand Dollars ($400,000).
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Fourth Advance in relation to the Santon Ship and the Santon Tranche, means the Santon Fourth Advance; or
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Examples of Fourth Advance in a sentence

  • The obligation of the Bank to make available the Fourth Advance in respect of any Ship shall be subject to the conduction that the Bank or its duly authorised respective shall have received, on or prior to the drawdown of the relevant Fourth Advance, the documents and evidence specified in Part 5 of schedule 2 in respect of such Ship, in form and substance satisfactory to the Bank.

  • As per Fourth Advance Estimates for 2020-21, total Food grain production in the country is estimated at record 308.65 million tonnes, which is higher by 11.14 million tonnes than the production of food grain during 2019-20.

  • The obligation of the Bank to make a Fourth Advance available shall be subject to the condition that the Bank or its duly authorised representative shall have received on or prior to the drawdown of such Fourth Advance the relevant documents and evidence specified in Part 5 of schedule 2 in respect of such Fourth Advance in form and substance satisfactory to the Bank.

  • The Lenders hereby extend the date by which the mandatory prepayment under Section 2.8(g)(i) of the Credit Agreement is required to be made by the Borrower, with respect to the Fourth Advance, to March 31, 2016.

  • The obligation of the Bank to make available the Fourth Advance in respect of a Ship shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of the relevant Fourth Advance, the relevant documents and evidence specified in Part 5 of schedule 2 in respect of such Ship, in form and substance satisfactory to the Bank.

  • On the Effective Date, Borrower shall have paid (i) the Fourth Advance Additional Extension Payment, in cash, to the Lenders and (ii) the administrative agency amendment fee, in the amount separately agreed to between the Borrower and the Administrative Agent, to the Administrative Agent.

  • Society believes that inequalities among people are acceptable, and that there is no defense against abuse of power by superiors and that people should not have aspirations above their rank.

  • The First Advance, Second Advance, Third Advance and Fourth Advance may each be referred to herein as an "Advance" and, together, as the "Advances".

  • Each of the Initial Advance, the Second Advance and the Third Advance shall be in a principal amount of $5,000,000 (subject to any pro rata reductions in connection with a reduction of the aggregate Commitments) and the Fourth Advance shall be in a principal amount of $15,000,000 (or, if less, the aggregate remaining undrawn Commitment then outstanding); provided, that the aggregate amount of all Advances under this Agreement may not exceed the aggregate Commitment.

  • Borrower promises to execute and deliver to Lender one or more secured promissory notes prepared by Lender in substantially the form attached hereto as Exhibit A in the original principal amount of each of the First Advance, Second Advance, Third Advance and Fourth Advance at the time that each such advance is made as evidence of such advance (each, a "Note").


More Definitions of Fourth Advance

Fourth Advance means the fourth Advance under the Note, which shall be made in accordance with, and subject to the conditions of, Section 2.2 and Section 4.2.
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Fourth Advance has the meaning assigned such term in Section 2.2(iv).
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Fourth Advance. ABC in place and graded, copper plumbing in place, floor slabs poured and set.
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Fourth Advance has the meaning specified in Section 3.1(d).
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Related to Fourth Advance

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

  • 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).

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

  • Equipment Advance is defined in Section 2.1.1.

  • Revolving Advance has the meaning given in Section 2.1.

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

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

  • 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.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

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

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

  • Revolving Advances means Advances made other than Letters of Credit.

  • 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.

  • 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.

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

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

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • 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.

  • Initial Advance means the first Advance made pursuant to Article II.

  • 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.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

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

  • Interest Advance means an Advance made pursuant to Section 2.02(a).