Phase IB Advances definition

Phase IB Advances means the loans granted by the partners of the Hotel SNCs created for the requirements of phase IB of the Project to the Hotel SNCs in accordance with the Phase IB Advances Agreement.
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Examples of Phase IB Advances in a sentence

  • No provision of this letter will grant any third party or will create in favour of any third party, other than such institutions, in their capacity as creditors under the Phase IA Credit Facility Agreement, the Phase IB Credit Facility Agreement, the Phase IB Advances Agreement, and the Phase IA Partners Advances Agreement, any right or recourse whatsoever which would not exist in the absence of this letter.

  • Phase IB Credit Agreement – Phase IB Advances Agreement (tranche C) The principal instalment repayment dates or commitment reduction dates under the Phase IA Credit Agreement, the Phase IB Credit Agreement and tranche C of the Phase IB Advances Agreement shall be deferred three years and six months but without the final repayment or reduction date, as the case may be, falling later than 30 December, 2014.

  • Phase IB Advances Agreement (excluding tranche C) The principal instalment repayment dates under the Phase IA Partners Advances Agreement and the Phase IB Advances Agreement (excluding tranche C) shall be deferred mechanically in accordance with the provisions of such contracts as a result of the deferrals provided for in article 3.7.1 (Phase IA Credit Agreement – Phase IB Credit Agreement – Phase IB Advances Agreement (tranche C)) and article 3.7.3 (CDC Loan Agreements).

  • It is however specifically understood that in the event of any prepayment under the Phase IA Credit Facility, the Phase IB Credit Facility or the Phase IB Advances Agreement, the simultaneous reimbursement obligation shall be limited to these three agreements.

Related to Phase IB Advances

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

  • 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:

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

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

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

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

  • Equipment Advance is defined in Section 2.1.1.

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

  • 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.

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

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

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

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

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

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

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

  • 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.

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

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.