Making of Advances definition

Making of Advances. If the Agent notifies any Bank in accordance with Clause 11.5 (Agent's Notification") that it is to make any Advance, and, subject to Clauses 12.2 (Certain Funds) and 24.4 (Clean-up Period), if on the proposed Utilisation Date relating to such an Advance: (i) the representations deemed repeated pursuant to Clause 21.5 (Repetition) are, except in the case of a Rollover Utilisation and except to any extent waived in writing in accordance with Clause 40 (Remedies, Waives and Amendments), true and correct in all material respects; and (ii) no Event of Default or, (except in the case of a Rollover Utilisation) Potential Event of Default has occurred and is continuing, other than any waived in writing in accordance with Clause 40 (Remedies, Waives and Amendments), then, on such Utilisation Date, such Bank shall make such Advance through its Facility Office to the relevant Borrower.
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Examples of Making of Advances in a sentence

  • Conditions Precedent to Making of Advances .....................................38 ARTICLE VI COVENANTS ................................................................................................39 Section 6.01.

  • Making of Advances......................................................................

  • PAYMENTS 23 Section 2.1. Revolving Credit Commitments 23 Section 2.2. Application 24 Section 2.3. Making of Advances; Use of Proceeds 24 Section 2.4. Conditions Precedent 25 Section 2.5. Interest Rate Determinations 29 Section 2.6. Fees 30 Section 2.7. Reduction and Termination 32 Section 2.8. Extension of Commitment Expiration Date 32 Section 2.9. Funding Indemnity 33 Section 2.10.

  • Making of Advances ..................................................................................16 Section 2.03.

  • Making of Advances................................................

  • PAYMENTS 22 Section 2.1. Revolving Credit Commitment 22 Section 2.2. Application 23 Section 2.3. Making of Advances; Use of Proceeds 23 Section 2.4. Conditions Precedent 24 Section 2.5. Interest Rate Determinations 28 Section 2.6. Fees 29 Section 2.7. Reduction and Termination 31 Section 2.8. Extension of Commitment Expiration Date 31 Section 2.9. Funding Indemnity 31 Section 2.10.

Related to Making of Advances

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

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • 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.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Request for Borrowing has the meaning provided in Section 2.3(a).

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • 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.

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

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

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.