KEXIM Facility Advance definition

KEXIM Facility Advance means an advance of the KEXIM Facility Commitments, being the Relevant Percentage, in relation to the KEXIM Facility, of an Advance.
Sample 1Sample 2Sample 3
KEXIM Facility Advance means an advance of the KEXIM Facility Commitments, in accordance with clause 4.
Sample 1Sample 2

Examples of KEXIM Facility Advance in a sentence

  • The first Interest Period for each KEXIM Facility Advance shall commence on the Utilisation Date relative to such Advance and shall expire on the first Repayment Date for such Advance.

  • Each subsequent Interest Period for each KEXIM Facility Advance shall be three months.

  • If the KEXIM Facility Commitment has been partially reduced under this Agreement and/or any part of any Advance is prepaid (other than under clause 6.2 (Scheduled repayment of Advances)) before any Repayment Date, the amount of the instalment by which such KEXIM Facility Advance shall be repaid under clause 6.2 (Scheduled repayment of Advances) on any such Repayment Date (as reduced by any earlier operation of this clause 6.3) shall be reduced pro rata to such reduction in the KEXIM Facility Commitment.

  • The Borrower agrees to pay to the Facility Agent (for the account of KEXIM) the KEXIM Guarantee Premium applicable to each KEXIM Facility Advance on or prior to the Drawdown Date of the first Advance.

  • Data is simulated to validate the model and the effect of using different kernel functions is taken into account.

  • No K-sure Facility Lender, KEXIM Facility Lender or KEXIM Covered Facility Lender shall be entitled to exercise any of their options under this clause 7.9(a) in respect of a K-sure Facility Advance, a KEXIM Facility Advance or a KEXIM Covered Facility Advance respectively, unless K-sure or another KEXIM Facility Lender or KEXIM (as applicable) instructs them to do so pursuant to the terms of this clause 7.9(a).

  • The Borrowers (or, subject to clause 2.6, the applicable Relevant Borrower with respect to its Drop-down Advance) shall repay each KEXIM Facility Advance and K‑Sure Advance by 24 instalments, one such instalment to be repaid on each of the Repayment Dates relative to such KEXIM Facility Advance or K-Sure Advance and, to the extent not previously reduced, each to be in the amount of 1/24 of the amount of the relevant KEXIM Facility Advance or K-Sure Facility Advance.

  • The Parties hereby agree that an Interest Period for a KEXIM Facility Advance forming part of an Advance shall always be six (6) months (including where so selected by the Borrowers in a Selection Notice).

Related to KEXIM Facility Advance

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

  • 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.

  • 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.

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

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

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

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

  • 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.

  • 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).

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • 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.

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Advance has the meaning given in Section 2.1.

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

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

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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

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

  • 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.

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • 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).