New Advance definition

New Advance has the meaning assigned to that term in Section 2.21(a).
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New Advance has the meaning set forth in Section 1(b).
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New Advance has the meaning assigned to that term in Section 2.20(b). “New Commitments” has the meaning assigned to that term in Section 2.20(a).
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Examples of New Advance in a sentence

  • Under the Agriculture Marketing Programs Act (AMPA), the Spring Credit Advance Program (SCAP), Enhanced Spring Credit Advance Program (ESCAP), Advance Payments Program (APP) and the New Advance Payments Program (NAPP), the Producer is responsible for ensuring that all individual producers, related producers, associates with interest in the Agricultural Product in question and associated advances are clearly identified.

  • If any part of the amount paid to the Agent by the Lenders in order to make the New Advance is not needed to purchase the amount required to be repaid by the Borrower, the Agent will promptly notify the Borrower and pay the Borrower on the day the New Advance is to be made that part of that amount (in the currency of the New Advance).

  • This will be treated as satisfying pro tanto the obligations of the Borrower to repay the Old Advance and of the Lenders to make the New Advance.

  • The Company and the Purchasers hereby agree that notwithstanding the $6,000,000 aggregate stated principal balance of the Debentures issued at the Closing, interest shall only accrue on the New Advance from the various dates the proceeds thereof are advanced (or deemed advanced) to the Company in accordance with the terms of this Agreement.

  • The Purchasers shall advance all of the New Advance to the Company at the Closing or on such date thereafter as the Company shall request; provided, the Company shall not pay any more funds to Avantel after the date hereof until the condition in clause (j) above is satisfied.

  • The proceeds of the New Advance will be used by the Company for working capital and other general corporate purposes.

  • The Company (x) used the proceeds from the sale of the Assumed Debentures by Touch Tone and (y) will use the proceeds from the sale of the New Debentures, in each case for working capital and other general corporate purposes (and, with respect to the New Advance, as more fully described in Section 9(h) below).

  • Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a) and Article 6), each Tranche A Lender severally agrees to make one or more loans to the Borrower from time to time from and including the New Advance Date to but excluding the Tranche A Commitment Termination Date up to but not exceeding the amount of such Tranche A Lender's Tranche A Commitment as then in effect.

  • Specifically, at the Closing the Company shall provide a detailed use of the proceeds of the New Advance and direct payment instructions for various account payees, their addresses, the amounts to be so paid, wire transfer instructions, the name of a contact person of such payee and an explanation of the reason for the incurrence of such payable (the "Use of Proceeds Statement").

  • From time to time after the Closing, the Purchasers shall advance to the Company the remaining portion of the New Advance not advanced (or deemed advanced) at the Closing, upon receipt of written request thereof from the Company, provided no Default or Event of Default then exists.


More Definitions of New Advance

New Advance has the meaning set forth in Section 2.1(a).
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New Advance means an advance of new funds by the Issuer to the Borrower hereunder, funded by an issue of New Notes, pursuant to Clause 2.3 (New Advances).
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New Advance means, in relation to any date, an Advance of the Revolving Facility that is to be Utilised on that date.
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New Advance. PDGE Loans" "PDGE Loan Agreement" "PDGE Revolving Loan" "PDGES Loan "PDGES Loan Agreement" "PDGES Loan Documents" "September 30, 1994 Loan Modification Agreement"
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Related to New Advance

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

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

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

  • 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).

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

  • Equipment Advance is defined in Section 2.1.1.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

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

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

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

  • 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.

  • Eligible advance means an advance made before August 19, 1993.

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

  • Future Advance means an Advance made after the Initial Closing Date.

  • 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.

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

  • Incremental Loan has the meaning set forth in Section 2.14(b).

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

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • ‘Preparation Advance’ means the advance referred to in the Financing Agreement and repayable in accordance with Section 2.07.”

  • 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.