Examples of Initial Term Advance in a sentence
Unless the context requires otherwise, a reference to an Initial Term Facility or an Initial Term Advance shall, in this section of this document, include a Further Term Facility granted or a Further Term Advance given, in each case, to a Borrower.
A reference to a “Term Facility” in this document is, unless the context requires otherwise, to an Initial Term Facility, a Further Term Facility and/or a New Term Facility and a reference to a “Term Advance” in this document is, unless the context requires otherwise, to an Initial Term Advance, a Further Term Advance and/or a New Term Advance and a reference to a “Term A1 Advance”, a “Term A2 Advance”, a “Term A3 Advance” or a “Term B Advance” shall be construed accordingly.
Prepayment of Additional Term Advances and Purchase of Additional Notes The terms, if any, on which any Further Term Advance may be prepaid shall be substantially the same terms (as set out above and under the section entitled “Covenants regarding Disposal of Mortgaged Properties and Related Matters Application of Proceeds of Disposals of a Mortgaged Property” below) as those on which any Initial Term Advance may be prepaid.
Final Redemption Each Initial Term Advance will be repayable in full on the relevant Final Maturity Date, together with all accrued interest and any other outstanding amounts, unless repaid or discharged in full earlier pursuant to the Issuer/Borrower Facility Agreement.
Repayment Scheduled Redemption Each Initial Term Advance will be repayable in instalments in accordance with a repayment schedule, the amounts of which exactly correspond to the amounts specified in the schedule for the repayment of principal on the corresponding class of Notes, as set out in Condition 7(b) (Redemption, Purchase and Cancellation Scheduled Mandatory Redemption in Part).