Original Advance definition

Original Advance means the outstanding principal amount of the Advance (as defined in the Original Loan Agreement) for the Aircraft at the Drawdown Date, immediately prior to the making of the Advance and after repayment of the final scheduled principal instalment with respect thereto on the Drawdown Date pursuant to the Original Loan Agreement.
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Original Advance is defined in the first recital.
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Original Advance means the advance of the Original Principal Amount by the Lender to the Corporation pursuant to the terms of the Original Debenture;
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Examples of Original Advance in a sentence

  • The Bank shall have no obligation to make a Loan if the sum of the aggregate principal amount of the outstanding Loans plus the principal amount of such requested Loan would exceed the amount equal to the Original Advance Percentage of the Collateral Value.

  • No advance requested by Pledgor shall be made to Pledgor if the sum of (i) the outstanding principal balance of the Obligation plus (ii) the amount of the advance requested, equals or exceeds the sum of the amounts determined by multiplying the Collateral Value by the Original Advance Percentage for each type of Collateral securing the Obligation.

  • If you have repaid the Original Advance, for purposes of certainty, you acknowledge and agree that the CEBA Term Loan Agreement has not been terminated, remains in full force and effect and subject to this Amending Agreement.

  • It is understood and agreed that after payment of all obligations under the Pechiney Loan Agreement, an amount equal to any proceeds of the Collateral Notes and Letters of Credit will be used to satisfy, among other things, any prepayment obligation arising under this subsection as a result of a decrease of the amount of the Original Advance Percentage or Margin Call Percentage pursuant to Section 2.5 hereof.

  • At any time after the Original Advance Date until this Note is no longer outstanding, the then outstanding principal amount of this Note and accrued and unpaid interest amount of this Note shall be convertible into shares of Common Stock at the option of the Holder, in whole or in part at any time and from time to time.

  • It is also understood that upon the payment of any Pechiney Proceeds in respect of the principal of the Collateral Notes, NationsBank, N.A. may at any time thereafter decrease the Original Advance Percentage (as defined in the Triarc Credit Agreement) and the Margin Call Percentage (as defined in the Triarc Credit Agreement)(in either case, to such percentage as the Bank may in its sole and absolute discretion determine) by giving either Borrower thereunder notice of such revised percentage.

  • Compared data field Original Advance Amt in the Original Extraction File with data field AR66 Original Balance in the Extraction File.

  • With respect to each Payment Date during the Revolving Period, the difference between the Weighted Average Final Score and the Weighted Average Original Advance Rate.

  • The Lenders are willing, on the terms and subject to the conditions contained in this Agreement, to provide the Borrower with a commercial financing facility which will be utilised by the Borrower in the re-financing of the Original Advance.

  • With respect to each Payment Date during the Revolving Period, one minus the Weighted Average Original Advance Rate divided by the Weighted Average Final Score (expressed as a percentage).


More Definitions of Original Advance

Original Advance shall have the meaning set forth in Section 2.1.1(b) hereof.
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Original Advance means the first Loan made by the Company to the Borrower. “Principal Sum” means:
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Original Advance means the first Loan made by the Company to the Borrower.
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Related to Original Advance

  • 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.

  • Initial Advance means the first Advance made pursuant to Article II.

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

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

  • Original Loan shall have the meaning set forth in the recitals hereto.

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

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Equipment Advance is defined in Section 2.1.1.

  • 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.

  • ABR Advance means an Advance which bears interest at the ABR Rate.

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

  • Term Loan has the meaning specified in Section 2.01(b).

  • 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.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Revolving Advance has the meaning given in Section 2.1.

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

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

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

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Original Loan Agreement has the meaning set forth in the recitals hereto.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.