Initial Term Advance definition

Initial Term Advance means a borrowing hereunder consisting of the aggregate amount of the Initial Term Loans (i) made by the Initial Term Lenders on the same Borrowing Date or (ii) converted or continued by the Initial Term Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the Initial Term Loans of the same Type and, in the case of Eurocurrency Loans, for the same Interest Period.
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Initial Term Advance has the meaning specified in Section 2.2(a).
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Initial Term Advance means each term advance made on the First Assignment Date by the Issuer to the LLP from the proceeds of the first issue of Covered Bonds pursuant to the Intercompany Loan Agreement;
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Examples of Initial Term Advance in a sentence

  • Subject to this Clause 9.1, the Initial Borrower shall repay each Initial Term Advance in full on the relevant Final Maturity Date, together with all accrued interest and any other outstanding amounts unless repaid earlier pursuant to this Agreement.

  • The proceeds of the Initial Term Advance were used by the Borrower solely (i) to refinance certain Existing Debt, (ii) to finance, from and after the date hereof, the repurchase or exchange by the Borrower of Equity Interests and related payments permitted pursuant to Section 5.02(g)(iv), (iii) to pay transaction fees and expenses and (iv) for other general corporate purposes.

  • The Lenders have agreed, subject to the terms and conditions hereinafter set forth, to make advances (each such advance, a “Delayed Draw Term Advance”, and together with the Initial Term Advance, a “Term Advance”) to the Borrower from time to time on any Business Day during the period from the First Amendment Effective Date until the Termination Date in respect of the Term Facility in an amount for each such Advance not to exceed such Lender’s Unused Term Commitment at such time.

  • Subject to the terms and conditions of this Agreement, (i) on the date hereof the Lender shall advance $75,000,000 (the “Initial Term Advance” or “Facility I”) to Borrower and (ii) from the date hereof through August 21, 2020, Borrower may request advances at the sole discretion of the Lender (each, an “Additional Term Advance” and, collectively and with the Initial Term Advance, “Term Advances”), each Additional Term Advance collectively not exceeding $25,000,000.

  • Such fee shall be due and payable to such Signing Term Lender in kind, on the Closing Date, by the increase, by such amount, of the principal amount of the Initial Term Advance made by such Signing Term Lender on the Closing Date.

  • If the Issuer and the Borrower Security Trustee have received a duly completed Notice of Drawdown by not later than 11:00 am on the Closing Date (or such later time and/or date as the Issuer (or the Cash Manager on behalf of the Issuer) may agree), the Initial Borrower may borrow an Initial Term Advance.

  • Except with respect to the Initial Term Advance and the Second Term Advance, each such Committed Loan Notice must be received by the Agent not later than 11:00 a.m. three (3) Business Days prior to the requested date of any Term Advance.

  • Upon execution and delivery of this Agreement, the Existing Term Advances shall be deemed to be $600,000 of the Initial Term Advance made pursuant to Section 2.3 and repayable in accordance with the Term Note.

  • In respect of each Chargor, no Loan Event of Default or Potential Loan Event of Default exists or has occurred (in the case of the Chargors other than the Borrower to the best of its knowledge and belief having made due enquiry) which has not been remedied or waived or otherwise ceased to be continuing or, in the case of the Borrower only, would occur on the making of any Initial Term Advance.

  • The intent of department- approved training is to exempt the individual from the work search requirement for continued eligibil- ity for benefits so individuals may pursue training that will upgrade necessary skills in order to return to the labor forces.


More Definitions of Initial Term Advance

Initial Term Advance means any advance made under an Initial Term Facility;
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Initial Term Advance has the meaning specified in Section 2.2."
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Initial Term Advance means the term advance made by any Lender on the Effective Date.”
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Initial Term Advance means a borrowing hereunder consisting of the aggregate amount of the Initial Term Loans (i) made by the Initial Term Lenders on the same Borrowing Date or (ii) converted or continued by the Initial Term Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the Initial Term Loans of the same Type and, in the case of Term SOFR Loans, for the same Interest Period.
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Initial Term Advance means the Term Advance in the amount of $1,150,000 disbursed to MediVision as of the date of this Agreement in accordance with the Note and this Agreement.
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Initial Term Advance means the initial Loan made by the Lenders on the Closing Date in the Initial Term Advance Amount, as provided in Section 2.01(a).
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Related to Initial Term Advance

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

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

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

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

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Additional Term Lender means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.

  • Tranche B Term Loan as defined in Section 2.1.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).