Program Preparation Advance definition

Program Preparation Advance. (renamed as such pursuant to subparagraph 8 (c) above) is modified to read “Preparation Advance” and its definition is modified to read as follows:
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Examples of Program Preparation Advance in a sentence

  • The Loan shall (except for amounts required to repay the Program Preparation Advance and pay the Front-end Fee) be withdrawn in a single tranche.

Related to Program Preparation Advance

  • ‘Preparation Advance’ means the advance referred to in the Financing Agreement and repayable in accordance with Section 2.07.”

  • Project Preparation Advance means the project preparation advance granted by the Association to the Borrower pursuant to an exchange of letters dated April 28, 1994 and May 21, 1994 between the Borrower and the Association;

  • L/C Advance means, with respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving Credit Percentage.