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) outstanding on the Closing Date (before this Agreement becomes effective).
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Original Advances has the meaning provided in the Recitals to this Agreement.
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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.

  • The parties acknowledge that the Preferred Shares will be acquired by International in exchange for application of the amount determined by subtracting the Purchase Price from the sum of all Original Advances and Pre-Signing Advances.

  • 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.

  • 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.

  • On December 31, 1999, the Company had a combined statutory surplus of $193.5 million.

  • 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.

  • 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.

  • On the Closing Date, the Outstanding Original Advances Balance shall remain an outstanding Obligation and be an Advance under this Agreement except to the extent that such Outstanding Original Advances Balance is repaid on the Closing Date.

  • 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).

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. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

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

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

  • Existing Revolving Loans has the meaning specified in Section 2.16(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 has the meaning specified in Section 2.19(a).

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Outstanding Interest Advances means, as of the last day of a Collection Period with respect to a Receivable, the portion of Outstanding Advances allocable to interest.

  • Revolving Loans as defined in Section 2.4(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.