Second Advance definition

Second Advance has the meaning given to it in Section 2.1(a).

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Second Advance in relation to the Andros Ship and the Andros Tranche, means the Andros Second Advance;

Second Advance means the second Advance to be made by the Lenders severally to the Borrower in the principal amount of US$5,000,000 (the "Second Advance Commitment") in accordance with this Agreement, as such amount may be amended from time to time in accordance herewith;

Examples of Second Advance in a sentence

The obligation of the Bank to make available the Second Advance in respect of any Ship shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of the relevant Second Advance, the relevant documents and evidence specified in Part 3 of schedule 2 in respect of such Ship, in form and substance satisfactory to the Bank.
In the following Financial Years the Council shall pay the BID Company the Second Advance Payment on 1st October of such Financial Years.
Lender shall have received the Second Advance Note, conforming to the requirements hereof, executed and delivered by a duly authorized officer of Borrower.
Furthermore, ALPHANET shall be given written notice thirty (30) days in advance of any price change and shall be supplied with price sheets promptly upon publication or revision.
Provided that all of the conditions set forth in Section 3.2 hereof are satisfied, Lender shall make the Second Advance to Borrower on the Second Advance Date.

More Definitions of Second Advance

Second Advance means the term loan from Lender to Borrower in the principal amount of Two Million Dollars ($2,000,000) to be made, subject to the terms and conditions hereof, on the Second Advance Date.

Second Advance is defined in Section 2.2(a).

Second Advance in relation to the Santon Ship and the Santon Tranche, means the Santon Second Advance; or

Second Advance means an advance under the Credit Facility to the Borrower to be made pursuant to Section 4.2.

Second Advance. The second installment of the Loan funded by the Lender in the amount of Four Million Two Hundred Fifty Thousand Seven Hundred Eighty-seven Dollars ($4,250,787).

Second Advance means the advance of funds, in an aggregate principal amount of $395,000, after the Closing Date upon the fulfillment of the conditions set forth in SECTION 4.2, pursuant to and in fulfillment of the Lender's obligation to lend funds to the Borrower pursuant to SECTION 2.1.

Second Advance means the $5,000,000 Advance referenced as Section 2.1(b);