loans and advances. – means any direct or indirect advance of funds (including obligations as maker or endorser arising from discounting of commercial/business paper) which are made to a person on the basis of an obligation to repay the funds, or which is repayable from specific property pledged by or on behalf of a person.
loans and advances means “loans, advances and credit” as defined in the Banking Companies Ordinance, 1962 (LVII of 1962),
loans and advances means any direct or indirect advance of funds (including obligations as maker or endorser arising from discounting of commercial/business paper) which are made to a person on the basis of an obligation to repay the funds. “Loans and advances” also includes all exposures as defined in the Act.
More Definitions of loans and advances
loans and advances means intercompany loans and advances made by AHI to Breaker Technology Ltd. subsequent to the Closing Date which shall be in an amount not to exceed the lesser of (a) the aggregate amount of loans or advances, including loans or advances outstanding on the Closing Date as disclosed on Schedule A-2, repaid by Breaker Technology Ltd. to AHI after the Closing Date, and (b) the Borrowing Base (as such term is defined in the Canadian Credit Agreement) with respect to Breaker Technology Ltd.; provided that (i) Breaker Technology Ltd. shall have executed and delivered to AHI, on the Closing Date, a demand note to evidence any such intercompany Indebtedness owing at any time by Breaker Technology Ltd. to AHI, which intercompany notes shall be in form and substance satisfactory to Agent and shall be pledged and delivered to Agent pursuant to the applicable Pledge Agreement or Security Agreement as additional collateral security for the Obligations; (ii) AHI and Breaker Technology Ltd. shall record all intercompany transactions on its books and records in a manner satisfactory to Agent; (iii) the obligations of Breaker Technology Ltd. under any such intercompany notes shall be subordinated to the Obligations in a manner satisfactory to Agent; (iv) at the time any such intercompany loan or advance is made by AHI to Breaker Technology Ltd. and after giving effect thereto, AHI and Breaker Technology Ltd. shall be Solvent; (v) no Default or Event of Default would occur and be continuing after giving effect to any such proposed intercompany loan; and (vi) and if any intercompany loans or advances are advanced during a Separate Borrowing Base Period, AHI shall have Borrowing Availability under its separate Borrowing Base after giving effect to such intercompany loans.
loans and advances means any financial assets of a bank arising from a direct or indirect advance or commitment to advance funds by a bank to a person;
loans and advances means a specified sum of money lent to a Member Institution, at a specified rate of interest on specified collaterals, for a specified period of time for repayment.
loans and advances means the extension of any credit or the provision of any credit facility, including the advance of funds arising from the fulfilment of guarantee and indemnity arrangements entered into between and by the DTMFI on behalf of its client.
loans and advances. Not to Exceed Aggregate of $______ Compliance? Yes No CALCULATIONS FOR ROLLING FOUR QUARTERS COVENANT ----------------------------------------------- COMPLIANCE FOR THE QUARTER ENDED ________________ Borrower Name: Lakeland Industries, Inc. INSTRUCTIONS: THIS IS A ROLLING FOUR-QUARTER CALCULATION. THE COLUMN LABELED Q1 SHOULD CONTAIN INFORMATION FOR THE MOST RECENTLY ENDED QUARTER (I.E., MATCHES THE DATE ABOVE). Q2 SHOULD CONTAIN INFORMATION FOR THE IMMEDIATELY PRECEDING QUARTER-END, AND SO ON FOR Q3 AND Q4. MOST RECENT QUARTER PRECEDING THREE QUARTERS ---- ------ ------- --------- ----- -------- COVENANT: Q1 Q2 Q3 Q4 TOTAL -------- Fixed Charge Coverage Ratio ---------------------------
loans and advances to Customers and Provision for Loan Losses: Loans are stated net of allowance for credit
loans and advances. – means any direct or indirect advance of funds (including indirect obligations) which are made to a person (including a corporate body or agency) on the basis of an obligation to repay the funds, or which is repayable by, or on behalf of, that person or another person (or corporate body or agency).