Sterling Advance definition

Sterling Advance means an advance by a UK Bank to the UK Borrower pursuant to this Appendix 2 (as divided or combined from time to time as contemplated in the definition herein of “Sterling Borrowing”), which bears interest as provided in Section 2B.5.
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Sterling Advance means an Advance denominated in Sterling.
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Sterling Advance means an Advance made under the Sterling Facility;
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Examples of Sterling Advance in a sentence

  • The UK Borrower shall repay the unpaid principal amount of each Sterling Advance owed to each UK Bank on the Termination Date.

  • The giving of any notice by the UK Administrative Agent pursuant to Section 2B.7(b) shall not relieve any UK Bank of any obligation it may have under this Agreement to make a Sterling Advance (including any Sterling Advance for which a Notice of Sterling Borrowing was given prior to such notice by the UK Administrative Agent).

  • The UK Borrower promises to pay interest on the unpaid principal amount of each Sterling Advance owing to the UK Bank from the date of such Sterling Advance until such principal amount is paid in full, at such interest rates, and due at such times, as are specified in the Credit Agreement.

  • U.S. Issuing Bank does not assume any responsibility for any failure or delay in performance or any breach by any U.S. Borrower or other Person of any obligations under any LC Documents.

  • The Borrower may then by telephone or telecopy (and if by telephone, promptly confirmed by telecopy) by 11:30 a.m. (London time) on the business day of the proposed Sterling Advance, in its sole discretion, accept or reject the Offer for Sterling Advance.

  • The Borrower agrees to indemnify the Bank against all reasonable losses, expenses and liabilities sustained by the Bank on account of the Borrower (i) failing to accept a Sterling Advance after notice to the Bank of its acceptance of any such Sterling Advance and (ii) making a prepayment on a Sterling Advance prior to the last day of an Interest period.

  • Each Sterling Advance owed to the UK Bank by the UK Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the UK Bank and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Sterling Promissory Note; provided that the failure of the UK Bank to make any such recordation or endorsement shall not affect the obligations of the UK Borrower hereunder or under the Credit Agreement.

  • In response to any such Request for a Sterling Advance, the Bank shall respond to the Borrower by 11:30 a.m. (London time) on the business day of the proposed Sterling Advance specifying the applicable Adjusted LIBOR Rate for such Sterling Advance (the "Offer for Sterling Advance").

  • The Sterling Advance Facility may only be drawn by Treasury UK and in Sterling.

  • Finally, establishing organization composing of members of the five areas as economic development permanent coordination between regions is very important, to deal with daily affairs and give the right of supervision, strengthening trade policy and the implementation of protocol.


More Definitions of Sterling Advance

Sterling Advance has the meaning specified therefor in Section 2.16(b) of the Agreement.
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Related to Sterling Advance

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

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

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

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

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • ABR Advance means an Advance which bears interest at the ABR Rate.

  • Eligible advance means an advance made before August 19, 1993.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.