Fourth Advance definition

Fourth Advance. (a) 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. (a) 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.

  • 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").

  • 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.

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

  • The Administrative Agent shall only be required to advance funds to the Borrower with respect to the Fourth Advance to the extent that the Administrative Agent shall have received such funds from the Term Lenders.

  • On the Effective Date, Borrower shall have paid (i) the Fourth Advance Extension Payment, in cash, to the Term 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.

  • Maker promises to pay interest on the outstanding principal amount of this Note for the period from: (i) in the case of the First Advance, November 16, 2000, (ii) in the case of the Second Advance, December 1, 2000, (iii) in the case of the Third Advance, January 8, 2001, and (iv) in the case of the Fourth Advance, the date thereof, until, in each case, the date upon which this Note is repaid in full or converted as provided herein, at a rate equal to 7.25% per annum.

  • The Fourth Advance Additional Extension Payment shall constitute a “Term Loan Obligation” for all purposes under the Loan Documents.

  • The Term Lenders hereby waive the Borrower’s failure to timely repay the Term Loan Obligations with respect to the Fourth Advance as required by Section 2.8(g)(i) of the Credit Agreement as in effect prior to the effectiveness of this Amendment, and the Term Lenders hereby extend the date by which the mandatory prepayment under Section 2.8(g)(i) is required to be made by the Borrower until March 31, 2015.

  • If applicable, the maturity date for Fifth Advance (the "Fifth Advance Maturity Date") is the day before the five year anniversary date of the Fourth Advance.


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).

  • 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 the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

  • 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:

  • 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 has the meaning ascribed to it in Section 1.1(c)(i).

  • 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.

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

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.