New Term Advance definition

New Term Advance means an advance of funds by a New Issuer to Funding 1 under the terms of a New Intercompany Loan Agreement, which advance is funded by a corresponding class of New Notes;

New Term Advance means, with respect to any Increasing Lender or Augmenting Lender, a single advance to the Borrower on the Increased Amount Date in a principal amount not to exceed such Lender’s New Term Loan Commitment at such time.

New Term Advance means any advance made under a New Term Facility;

Examples of New Term Advance in a sentence

• If Funding 1 enters into a New Intercompany Loan Agreement, then the parties hereto shall execute such documents and take such action as may be necessary or required by the Security Trustee for the purpose of including the New Issuer, any New Funding 1 Swap Provider, any New Start-Up Loan Provider or any other person who has executed an Accession Undertaking or any New Term Advance in the Transaction Documents.

• If Funding 1 enters into a New Intercompany Loan Agreement, then the parties hereto shall execute such documents and take such action as may be necessary or required by the Security Trustee for the purpose of including the New Issuer, any New Funding 1 Swap Provider, any New Start- Up Loan Provider or any other person who has executed an Accession Undertaking or any New Term Advance in the Transaction Documents.

• If a New Issuer makes a New Term Advance to Funding pursuant to a New Intercompany Loan Agreement, then the parties hereto shall amend the terms of this Clause 11 as required to reflect the repayment provisions of that New Term Advance.

• If Funding enters into any New Intercompany Loan Agreements after the date hereof, then the Parties hereto shall execute such documents and take such action as may be necessary or required by the Rating Agencies for the purpose of including the New Issuer, any New Funding Swap Provider, any New Start-Up Loan Provider or any other person who has executed an Accession Undertaking or any New Term Advance in the Transaction Documents.

• If Funding 1 enters into New Intercompany Loan Agreements and the New Term Advances advanced thereunder have different Term Advance Ratings to the Term Advance Ratings assigned to the existing Term Advances (including the Fourth Issuer Term Advances), then the Cash Manager shall establish new sub-ledgers in respect of the Principal Deficiency Ledger, which shall correspond to the Term Advance Ratings assigned to each such New Term Advance.

• If Funding enters into New Intercompany Loan Agreements and the New Term Advances advanced thereunder have different Term Advance Ratings to the Term Advance Ratings assigned to the existing Term Advances, then the Cash Manager shall establish new sub-ledgers in respect of the Principal Deficiency Ledger, which shall correspond to the Term Advance Ratings assigned to each such New Term Advance.

• If a New Issuer makes a New Term Advance to Funding pursuant to a New Intercompany Loan Agreement, then the parties hereto shall amend the terms of Clause 11 as required to reflect the repayment provisions of that New Term Advance.

• If Funding enters into New Intercompany Loan Agreements and the New Term Advances advanced thereunder have different Term Advance Ratings to the Term Advance Ratings assigned to the existing Term Advances (including the First Issuer Term Advances), then the Cash Manager shall establish new sub-ledgers in respect of the Principal Deficiency Ledger, which shall correspond to the Term Advance Ratings assigned to each such New Term Advance.

• If Funding 1 enters into New Intercompany Loan Agreements and the New Term Advances advanced thereunder have different Term Advance Ratings to the Term Advance Ratings assigned to the existing Term Advances (including the Fourth Issuer Term Advances), then the Cash Manager shall establish new sub-ledgers in respect of the Funding 1 Principal Deficiency Ledger, which shall correspond to the Term Advance Ratings assigned to each such New Term Advance.

• Subject to Clause 4.2 (Additional Conditions Precedent) and the other terms of this Agreement, the repayment of any New Term Advance that is agreed by the Borrowers with the Issuer, the Borrower Security Trustee and Ambac (for so long as Ambac is the Controlling Creditor) as being available for redrawing may be redrawn, provided that the Rating Agencies confirm that the Ratings Test will continue to be satisfied or otherwise indicate no objection to such redrawing.

More Definitions of New Term Advance

New Term Advance means the aggregate amount advanced as an additional Term Loan under Section 2.21. “Non-Loan Party” means any Subsidiary that is not a Loan Party.CREDIT AGREEMENT, Page 16

New Term Advance means the aggregate amount advanced as an additional Term Loan under Section 2.21.

New Term Advance has the meaning specified in in Section 2.23.

New Term Advance has the meaning specified in Section 2.14(a).

New Term Advance means an advance of funds by a New Issuer to Funding 1 under the terms of a New Intercompany Loan Agreement, which advance is funded by a corresponding class of New Notes; New York Business Day means a day (other than a Saturday or a Sunday) on which banks are generally open for business (including dealings in foreign currency) in the city of New York; Ninth Issuer means Permanent Financing (No. 9) PLC (registered number 5711074), a public limited company incorporated under the laws of England and Wales, whose registered office is at 00 Xxxxx Xx. Xxxxx’x, Xxxxxx XX0X 0XX; Ninth Issuer Closing Date means 22 March 2006; Ninth Issuer Intercompany Loan Agreement means the Ninth Issuer Intercompany Loan Confirmation and the Intercompany Loan Terms and Conditions together entered into on the Ninth Issuer Closing Date by the Ninth Issuer, Funding 1 and the Security Trustee (as the same may be amended, restated, supplemented, replaced and/or novated from time to time);

New Term Advance has the meaning given to it in Section 2.6.