Loans or Advances definition

Loans or Advances means loans or advances for agricultural 1[, commercial and industrial] purposes 3[and includes finance as defined in the Banking Tribunals Ordinance, 1984 (LVIII of 1984)];
Sample 1
Loans or Advances means any financial assets of a bank arising from a direct or indirect advance (i.e. unplanned overdraft, participation in loan syndication, the purchase of loans from another lender, etc.) or commitment to advance funds by a bank to a person that are conditioned on the obligation of the person to repay the funds, either on a specified date or dates or on demand, usually with interest. The term includes a contractual obligation of a bank to advance funds to or on behalf of a person, claim evidenced by lease financing transaction in which the bank is the lessor, and an overdraft facility to be fundedby the bank on behalf of a person. The term does not include accrued but uncollected interest or discounted interest.
Sample 1
Loans or Advances means any financial assets of a bank arising from a direct or indirect advance, such as unplanned overdrafts, participation in loan syndication or the purchase of loans from another lender, to a person that is obliged to repay the funds, either on a specified date or dates or on demand, usually with interest or through interest-free finance.
Sample 1

Examples of Loans or Advances in a sentence

  • Upon the Termination Date pursuant to this Section 10.2, the Aggregate Commitment will terminate, no Loans or Advances thereafter will be made, and the Administrative Agent, on behalf of the Secured Parties, shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided to a secured party upon default under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative.

  • Except as set forth on Schedule 6.7 hereto, there is no litigation, arbitration, governmental investigation, proceeding or inquiry pending, or, to the knowledge of any of their officers, threatened against or affecting the Company or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of the Loans or Advances.

  • It is recognized that one or more Lenders may elect to record Loans or Advances in Alternative Currencies.

  • Upon the Termination Date pursuant to this Section 10.2, the Aggregate Commitment will terminate, no Loans or Advances thereafter will be made, and the Agent, on behalf of the Secured Parties, shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided to a secured party under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative.

  • Except as set forth on Schedule 2 hereto, there is no litigation, arbitration, governmental investigation, proceeding or inquiry pending, or, to the knowledge of any of their officers, threatened against or affecting the Borrower or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of the Loans or Advances.

  • Except as set forth as of the date of this Agreement on Schedule 5.7 hereto, there is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to the best knowledge of any of their officers, threatened against or affecting the Borrower or any of its Subsidiaries which could be reasonably expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of the Loans or Advances.

  • To the fullest extent not prohibited by law, each Borrower waives all notices and demands that it would otherwise be entitled to receive (including non-payment of any of the Accounts, demand, presentment, protest, notice of acceptance, notice of Loans or Advances made, credit extended, or Collateral received or delivered).

  • The Amended Complaint Lacks Plausible Allegations that PRA Is in the Business of Negotiating Loans or Advances.

  • Subject to Lender's right to cease making Loans or Advances to Borrower at any time upon the occurrence of a Default or Event of Default, Borrower may request Lender to make Advances in accordance with the terms of this Agreement from the date hereof through the Maturity Date.

  • To the fullest extent not prohibited by law, each Loan Party waives all notices and demands that it would otherwise be entitled to receive (including non-payment of any of the Accounts, demand, presentment, protest, notice of acceptance, notice of Loans or Advances made, credit extended, or Collateral received or delivered).


More Definitions of Loans or Advances

Loans or Advances means any financial assets of a bank arising from a direct or indirect advance (i.e. unplanned overdrafts, participation in loan syndication, the purchase of loans from another lender, etc.) or commitment to advance funds by a bank to a person that are conditioned on the obligation of the person to repay the funds, either on a specified date or dates or on demand, usually with interest which are approved and outstanding as of the reporting date;
Sample 1
Loans or Advances means any financial assets of a commercial bank arising from a direct or indirect advance (i.e. unplanned overdrafts, participation in loan syndication, the purchase of loans from another lender, etc.) or commitment to advance funds by a commercial bank to a person that are conditioned on the obligation of the person to repay the funds, either on a specified date or dates or on demand, usually with interest. The term includes a contractual obligation of a commercial bank to advance funds to or on behalf of a person, claim evidenced by a lease financing transaction in which the commercial bank is the lessor, overdraftfacility to be funded by the commercial bank on behalf of a person, revocable or irrevocable documentary letters of credit, standby letters of credit, and guarantees or sureties issued on behalf of a borrower.
Sample 1

Related to Loans or Advances

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Revolving Advances means Advances made other than Letters of Credit.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • 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.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • Revolving Loans as defined in Section 2.4(a).

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Committed Loan has the meaning specified in Section 2.01.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Bid Loan has the meaning specified in Section 2.03(a).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

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

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.