Original Advances definition

Original Advances mean those funds advanced to BHC by Savia pursuant to the Funding Agreement and not returned. In the event BHC and Savia do not agree on the amount of Original Advances as of a particular time, then the amounts as reflected on the books and records of BHC (and its subsidiaries) shall control in the absence of manifest error.
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Original Advances means the Advances as defined in the Original Credit Agreement.
Sample 1
Original Advances means the "Advances" (as defined in the Original Credit Agreement) outstanding on the Closing Date (before this Agreement becomes effective).
Sample 1

Examples of Original Advances in a sentence

  • The parties further acknowledge that as of the date of this Agreement the sum of all the Original Advances and the Pre-Signing Advances is $111,679,324, and that $63,679,324 of such amount shall be applied as the purchase price for the Preferred Shares.

  • Considering the enormous breadth of activities and issues that an anti-corruption consultative group has to follow, donors should ensure that sufficient and competent human resources are available.

  • Subject to and in accordance with Section 1.2(a), Borrower shall pay accrued and unpaid Interest on the last business day of each calendar month, commencing April 30, 2007 with respect to the Original Advances, and January 31, 2008 with respect to the Additional Advances.

  • Upon the effectiveness of this Agreement, (i) the Original Credit Agreement shall be amended and restated in its entirety by this Agreement, (ii) the Original Advances shall be considered Advances, and (iii) the Original Term Loan shall be converted into Advances.

  • Any funds advanced by Counsel Corp to Acceris hereunder during the Term or otherwise subject hereof, including the Original Advances, the Additional Advance and the Subsequent Advances (the “Indebtedness”) shall bear interest at a rate equal to ten percent (10%) per annum from the date thereof and shall be governed by this Loan Agreement and the Stock Pledge Agreement.

  • Subject to and in accordance with Section 1.2(a), in addition to accrued and unpaid interest as provided above, payment-in-kind interest (“PIK Interest”) will be added to the outstanding principal amount of the Advances at a per annum rate of interest equal to 3.15%, compounded monthly, and will be payable upon the earlier of (i) the Original Advances Maturity Date or the Additional Advances Maturity Date, as applicable, or (ii) earlier repayment of the Loan.

  • In addition to accrued and unpaid Interest as provided above and any fees, the Original Advance Final Payment and the Additional Advance Final Payment as provided below, payment-in-kind interest (“PIK Interest”) will be added to the outstanding principal advances at a per annum rate equal to 3.15% compounded monthly, and will be payable upon the earliest of repayment, prepayment or acceleration of the Loan or the Original Advances Maturity Date or the Additional Advances Maturity Date.

  • In addition, accrued and unpaid Interest shall be payable on the Original Advances Maturity Date or the Additional Advances Maturity Date, as applicable, whether by acceleration or otherwise, and on the last date of any prepayment (with respect to the amount prepaid).

  • Borrower shall pay accrued and unpaid Interest on the last business day of each calendar month, commencing April 30, 2007 with respect to the Original Advances, and January 31, 2008 with respect to the Additional Advances.

  • In addition, accrued and unpaid Interest shall be payable on the Original Advances Maturity Date or the Additional Advances Maturity Date (each as defined in Section 1.2(d)(ii) below), as applicable, whether by acceleration or otherwise, and on the last date of any prepayment (with respect to the amount prepaid).


More Definitions of Original Advances

Original Advances has the meaning provided in the Recitals to this Agreement.
Sample 1

Related to Original Advances

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

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

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

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

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

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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

  • Term Loan as defined in Section 2.1.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

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

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Extraordinary Advances has the meaning specified therefor in Section 2.3(d)(iii) of this Agreement.

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

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

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