Short Term Advances definition

Short Term Advances has the meaning specified in the definition of “Indebtedness.”
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Short Term Advances has the meaning in Section 1(c) of Exhibit F.
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Short Term Advances has the meaning assigned to such term in the definition of “Indebtedness”. “Similar Business” means any business, the majority of whose revenues are derived from (1) business or activities conducted by the Borrower and its Restricted Subsidiaries on the Closing Date, (2) any business that is a natural outgrowth or reasonable extension, development or expansion of any such business or any business similar, reasonably related, incidental, complementary or ancillary to any of the foregoing or (3) any business that in the Borrower’s good faith business judgment constitutes a reasonable diversification of businesses conducted by the Borrower and its Restricted Subsidiaries. “SOFR” means a rate per annum equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). “SOFR Revolving Facility Borrowing” means a Borrowing comprised of SOFR Revolving Loans. “SOFR Revolving Loan” means any Revolving Loan bearing interest at a rate determined by reference to Adjusted Term SOFR, other than pursuant to clause (3) of the definition of “ABR”. “Specified Event of Default” means any Event of Default under Section 8.01(2), 8.01(3), 8.01(8) or 8.01(9). “Specified Excess Availability” shall mean the sum of (i) Excess Availability and (ii) the amount by which the Borrowing Base at such time exceeds the Revolving Facility Commitments, up to an amount not to exceed 2.5% of Revolving Facility Commitments.
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Examples of Short Term Advances in a sentence

  • In deciding whether to make a LWP award we will have regard to the applicant’s circumstances including: • any sources of credit such as cash cards, store cards, credit cards, cheque cards, cheque accounts, overdraft facilities or loan arrangements,• any help which is likely to be available from other funds, such as Short Term Advances and Budgeting Advances issued by the Department for Work and Pensions or appropriate support facilities via 3rd Sector providers.

  • The cash and bank balances are 67.82% of current assets.Short Term Loans and AdvancesShort Term Loans and Advances mainly include Advance Tax & Tax Deducted at Source (net of provisions) and Short Term Advances given to Employees and Contractors.

  • In deciding whether to make a LWP award we will have regard to the applicant’s circumstances including: • any sources of credit such as cash cards, store cards, credit cards, cheque cards, cheque accounts, overdraft facilities or loan arrangements;• any help which is likely to be available from other funds, such as Short Term Advances and Budgeting Advances issued by the Department for Work and Pensions or appropriate support facilities via 3rd Sector providers.

  • Within the limits of time and amount set forth in this Section 2.05, and subject to the provisions of this Agreement, the Borrower may borrow, repay and reborrow Short Term Advances hereunder.

  • New University shall cause all of its Revenue, and (ii) Contributor shall cause all advances made by it (as Short Term Advances or Priority Payment Differentials) and all repaid Excess Payments, in each case to be deposited into a segregated account held in the name of New University for distribution in strict accordance with the terms of this Agreement (such account being called the “NU Account”).

  • Borrower hereby acknowledges that it is indebted to Banks with respect to Advances in the principal amount of L6,275,000, including L1,275,000 Short Term Advances, which are outstanding on the date hereof.

  • These are: • Income Support • Income-based Jobseekers Allowance • Income-related Employment and Support Allowance • Any type of Pension Credit Please note that Crisis Loan alignment awards for customers awaiting their first benefit payment will be replaced by Short Term Advances from the DWP.

  • If any Competitive Bid Loans mature on a day on which Revolving Credit Loans are being made, the proceeds of such Revolving Credit Loans (to the extent not used to pay other Revolving Credit Loans or Short Term Advances) shall be applied to pay such Competitive Bid Loans.

  • Term Advances Facility In the case of the acceptance of an offer pursuant to Clause 11 (Acceptance of Offers) for Short- Term Advances the provisions of Clause 29.1 (Payments to the Agents) shall not apply to the making of the relevant Short-Term Advance by the relevant Bank or the repayment thereof or the payment of any interest thereon on or prior to its Repayment Date.

  • The unpaid amount of all Short Term Advances shall bear interest for each day until due at a rate per annum equal to the Short Term Lenders' Cost of Funds plus 0.200% for each Level I Day, 0.250% for each Level II Day, 0.300% for each Level III Day, 0.375% for each Level IV Day and 0.600% for each Level V Day.


More Definitions of Short Term Advances

Short Term Advances shall have the meaning set forth in Section 3.4B.(i)."
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Short Term Advances means loans and advances made by Loan Parties having a term not exceeding 364 days (inclusive of any roll over or extension of terms).
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Short Term Advances has the meaning assigned to such term in the definition of “Indebtedness”. “Similar Business” means any business, the majority of whose revenues are derived from (1) business or activities conducted by the Borrower and its Restricted Subsidiaries on the Closing Date, (2) any business that is a natural outgrowth or reasonable extension, development or expansion of any such business or any business similar, reasonably related, incidental, complementary or ancillary to any of the foregoing or (3) any business that in the Borrower’s good faith business judgment constitutes a reasonable diversification of businesses conducted by the Borrower and its Restricted Subsidiaries. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). “SOFR Administrator’s Website” means the NYFRB’s website, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. “SOFR Determination Date” has the meaning specified in the definition of 76 US-DOCS\97700238.15141444430.9 “Daily Simple SOFR”. “SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”. “Specified Acquisition Agreement Representations” means such of the representations and warranties made by or with respect to Impax and its Subsidiaries in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or its Affiliates) have the right (taking into account any applicable cure provisions) to terminate its (or their) obligations under the Acquisition Agreement as a result of a breach of such representations in the Acquisition Agreement or the failure of an Acquisition Agreement Representation to be true and correct results in a failure of a condition precedent to the Borrower’s (or its affiliates’) obligations to consummate the Acquisition in the Acquisition Agreement. “Specified Event of Default” means any Event of Default under Section 8.01(2), 8.01(3), 8.01(8) or 8.01(9). “Specified Hedge Agreement” means any Hedge Agreement entered into or assumed between or among the Borrower or any Restricted Subsidiary and any Qualified Counterparty and designated by the Qualified Counterparty and the Borrower in writing to the Administrative Agent as a “Specified Hedge Agreement” under th...
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Short Term Advances has the meaning specified in the definition of “Indebtedness.” “Similar Business” means any business, the majority of whose revenues are derived from (i) business or activities conducted by the Borrowers and the Restricted Subsidiaries on the Closing Date, (ii) any business that is a natural outgrowth or reasonable extension, development or expansion of any such business or any business similar, reasonably related, incidental, complementary or ancillary to any of the foregoing or (iii) any business that in the US Borrower’s good faith business judgment constitutes a reasonable diversification of businesses conducted by the Borrowers and the Restricted Subsidiaries. “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the assets of such Person, on a consolidated basis with its Subsidiaries, exceeds its debts and liabilities, subordinated, contingent or otherwise, on a consolidated basis, (b) the present fair saleable value of the property of such Person, on a consolidated basis with its Subsidiaries, is greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, on a consolidated basis, as such debts and other liabilities become absolute and matured, (c) such Person, on a consolidated basis with its Subsidiaries, is able to pay its debts and liabilities, subordinated, contingent or otherwise, on a consolidated basis, as such liabilities become absolute and matured and (d) such Person, on a consolidated basis with its Subsidiaries, is not engaged in, and is not about to engage in, business for which it has unreasonably small capital. The amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. “SPC” has the meaning specified in Section 11.07(g). “Specified Equity Contribution” has the meaning specified in Section 8.02. “Specified Event of Default” means an Event of Default pursuant to Section 9.01(a) or an Event of Default pursuant to Section 9.01(f) with respect to Holdings, Holdings GP or a Borrower. “Specified Representations” means those representations and warranties made by any Loan Party in Sections 5.01(a) (with respect to organizational existence only), 5.01(b)(ii), 5.02(a), 5.02(b)(i), 5.04, 5.13, 5.16, 5.17 and 5.18. “Specified Revolver Default” means any of (a) a Specified Event of Defa...
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Short Term Advances are Advances that are re-paid in full within seven (7) days.
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Related to Short Term Advances

  • Short Term Loan means a loan transfer for a period of no fewer than 28 days in any one season.

  • Short-Term Payout means the payout set forth in Section 4.1.

  • Short-Term Investments means short-term investments as defined by GAAP.

  • short-term debt means debt repayable over a period not exceeding one year;

  • Short-Term Indebtedness means Utility Indebtedness having an original maturity less than or equal to one year from the date of original incurrence thereof, and not renewable or extendible at the option of the obligor thereon for a term greater than one year beyond the date of original issuance.

  • Short-Term Rating has the meaning specified in the Intercreditor Agreement.

  • Short-term means a period of one or less than one (1) year;

  • Short-Term Deferral Period means the period ending on the later of the 15th day of the third month following the end of the Executive’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and

  • Short-term rental means the same as such term is defined in § 15.2-983.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • New Term Loans as defined in Section 2.24.

  • Short-Term Money Market Instruments means the following types of instruments if, on the date of purchase or other acquisition thereof by the Corporation, the remaining term to maturity thereof is not in excess of 180 days:

  • Short-term acute care facility means a facility or Hospital that provides care to people with medical needs requiring short-term Hospital stay in an acute or critical setting such as for recovery following a surgery, care following sudden Sickness, Injury, or flare-up of a chronic Sickness.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • High Quality Short-Term Debt Instruments means any instrument that has a maturity at issuance of less that 366 days and that is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization.

  • Short-term suspension means any disciplinary action whereby a student is not permitted to attend school for a period not to exceed ten school days.

  • High Quality Short-Term Debt Instrument means any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Agency (Moody’s and S&P).

  • Support Terms means the detailed description of the applicable Support Services as specified at xxxxx://xxx.xxx.xxx/corp/legal/.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Short Term Dividend Period means a Special Dividend Period consisting of a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.