Syndicated Advance definition

Syndicated Advance means a borrowing consisting of simultaneous Syndicated Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and, in the case of Eurodollar Advances, for the same Interest Period.
Syndicated Advance means any Syndicated Loan or any Letter of Credit Advance.
Syndicated Advance means a Borrowing pursuant to Section 2.02 consisting of the aggregate amount of Syndicated Loans made by the Syndicated Lenders to Borrower at the same time, on the same interest rate basis and, if made as a Eurodollar Advance, for the same Interest Period.

Examples of Syndicated Advance in a sentence

  • Mountcliff’s making, funding or maintaining any such Dollar-denominated Syndicated Advance shall satisfy SG’s Commitment to make, fund or maintain such Syndicated Advance, and SG’s unfunded Commitment shall be reduced by the principal amount of Mountcliff’s Syndicated Advances.


More Definitions of Syndicated Advance

Syndicated Advance has the meaning assigned to such term in Section 2.01.
Syndicated Advance means an Advance that is not a Swing Line Loan.
Syndicated Advance means an advance by a Bank to the Borrower (i) pursuant to Section 2.02, as the same may be converted or continued from time to time pursuant to Section 2.03 or (ii) pursuant to Section 4.06. At any time, depending upon the interest rate selected therefor or otherwise applicable thereto in accordance with Section 2.03 and 5.01, a Syndicated Advance shall be a Base Rate Advance, a Eurocurrency Rate Advance or a EURIBOR Rate Advance.
Syndicated Advance means a borrowing hereunder (or conversion or ------------------ continuation thereof) consisting of the aggregate amount of the several Syndicated Loans made by the Lenders to the Borrower, on the same Borrowing Date (or date of conversion or continuation), of the same Type and, in the case of a Eurodollar Advance, for the same Interest Period.
Syndicated Advance means a borrowing consisting of simultaneous Syndicated Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and for, in the case of Eurocurrency Rate Advances, the same Interest Period.
Syndicated Advance means an advance made to the Borrower under this Agreement pursuant to Section 2.02. Syndicated Advances shall at all times be Euro-Dollar Advances, unless such Syndicated Advance is to be a Base Rate Advance pursuant to Article XII herein.
Syndicated Advance means an Advance which is a Base Rate Loan or a Euro-Dollar Loan and Syndicated Advances means Advances which are Base Rate Loans or Euro-Dollar Loans, or any or all of them, as the context shall require.