Examples of Regular Advance in a sentence
Minimum amounts apply.Would you like a Regular Advance?Regular Advance payments are made on the same day of the month that the loan commences.The first payment will be made a month, a quarter, or a year following the start date, depending on the option selected.Yes NoIf yes, state Regular Advance amount$ Select advance frequencyPer Month Per Quarter Per AnnumAdvise the number of years (maximum 10) during which you wish Regular Advances to be made.
This is the initial advance made to you on settlement.In addition, you may also have a Regular Advance or Cash Reserve facility made available on settlement.
Until the termination of this Agreement pursuant to Article XI and subject to the other terms and conditions of this Agreement, Bank will make loans (each a “Regular Advance”, collectively, the “Regular Advances”) to Borrower, which Regular Advances Borrower may reborrow on or at any time after the repayment thereof, in an aggregate amount which may not as of any time exceed an amount equal to the Regular Advance Availability then in effect.
If a Regular Advance to reimburse Bank for any drawing, expenditure or other payment made, or cost or expense incurred, by Bank in respect of any Letter of Credit results (or to the extent that it results) in any Deficiency, then Borrower will immediately eliminate any Deficiency in accordance with the terms of Section 2.6.
CountryClassification & Lending TermsTSF DSA20162017±2018±2019± Pillar IǂBenin Advance Advance Advance Advance GreenBurkina Faso Regular Advance Advance Advance YellowBurundi Regular Regular Regular Regular RedCameroon Blend Blend Blend Blend RedCentral African Rep.
The Borrower shall have delivered to the Bank evidence in form and substance acceptable to Bank that aggregate Cash Secured Advance Availability and Regular Advance Availability as of the Closing Date is at least $4,000,000.
In no event shall the Bank have any obligation to make any Regular Advance if a Borrowing Base Deficiency would be created thereby.
Our Regular Advance option enables you to complement your retirement income with a regular installment.
Upon the making of a Regular Advance by a Lender pursuant to this Section 2.4(b)(iii)(B), the amount so funded shall become due under such Lender’s Revolving Credit Note and shall no longer be owed under the Swing Line Note.
On the day such Regular Advances are made, the Swing Line Lender's Swing Line Advances shall be deemed to be paid with the proceeds of a Regular Advance made by the Lenders and such portion of the Swing Line Advances deemed to be so paid shall no longer be outstanding as Swing Line Advances, shall no longer be due under the Swing Line Note and shall be due under the respective Revolving Credit Notes issued to the Lenders to the extent of each Lender's Pro Rata Share.