Subordinated Loan Advance definition

Subordinated Loan Advance means any advance of moneys granted by the Subordinated Loan Provider to the CBC under the Subordinated Loan Agreement or the principal amount outstanding for the time being of that loan.

Subordinated Loan Advance has the meaning given to it in the Subordinated Loan Agreement;

Subordinated Loan Advance means an advance of funds by Subordinated Lender to or for the benefit of Borrower, made pursuant to this Agreement.

Examples of Subordinated Loan Advance in a sentence

• The CBC, or the Administrator on its behalf, may request the Subordinated Loan Provider to grant a Subordinated Loan Advance in the form as agreed between the Subordinated Loan Provider and the CBC.

• If the Transferor offers for sale and assignment further Eligible Assets to the CBC in accordance with Clause 2.1 of the Guarantee Support Agreement, the Administrator shall (i) arrange for the purchase and acceptance of assignment by the CBC of the Eligible Assets in accordance with Clause 2 of the Guarantee Support Agreement and (ii) if requested by the CBC request the Subordinated Loan Provider to grant a Subordinated Loan Advance in the form as agreed between the Subordinated Loan Provider and the CBC.

• The CBC, or the Administrator on its behalf, may request the Subordinated Loan Provider to grant a Subordinated Loan Advance in such form as agreed between the Subordinated Loan Provider and the CBC.

• The CBC will ensure that the amount credited to the Reserve Account is equal to the Reserve Account Required Amount (as calculated by the Administrator on behalf of the Issuer) to the extent (a) any amounts are available after payment of all items ranking above item (g) of the CBC Priority of Payments have been paid or provided for and (b) any Subordinated Loan Advance is drawn under the Subordinated Loan for the purpose of funding the Reserve Account.

More Definitions of Subordinated Loan Advance

Subordinated Loan Advance has the meaning ascribed thereto in Clause 3.1;