Tender Advance definition

Tender Advance has the meaning assigned to that term in Section 3.3 of this Agreement.

Tender Advance has the meaning assigned to that term in Section 1.1.6.

Tender Advance has the meaning assigned to that term in Section 2.05(a).

Examples of Tender Advance in a sentence

• The Borrower may prepay the outstanding amount of any Tender Advance in whole or in part, together with accrued interest to the date of such prepayment on the amount prepaid.

• As security for the payment of each Tender Advance under this Agreement, the Borrower is pledging to the Administrative Agent pursuant to the Pledge Agreement, and granting to the Administrative Agent, for the benefit of the Administrative Agent, the LC Issuers and the Lenders, a security interest in, all of its right, title and interest in and to all Pledged Bonds arising in connection with a Tender Draft.

• The Administrative Agent shall have no obligation to release any such Pledged Bonds pursuant to this subsection (d) unless the entire Tender Advance incurred to buy such Pledged Bonds, together with accrued interest thereon, has been paid, and the related Xxxx XX shall have been returned to the applicable LC Issuer for cancellation.

• Accrued interest on each Tender Advance shall be payable (i) on each Payment Date, (ii) upon the payment or prepayment thereof (but only on the principal so paid or prepaid), and (iii) on the Termination Date.

• Each such notice of prepayment shall be irrevocable and shall specify the Tender Advance to be prepaid and the amount of the Tender Advance to be prepaid and the date of prepayment (which date shall be a Business Day).

More Definitions of Tender Advance

Tender Advance means a loan by the Bank to the Company made pursuant to Section 2.6 hereof and evidenced by the Reimbursement Note, the proceeds of which are used to reimburse the Bank for the amount of a corresponding Tender Drawing.

Tender Advance has the meaning assigned to that term in Section 2.05 of this Agreement.

Tender Advance means a Loan which is made for the sole purpose of paying Reimbursement Obligations pursuant to Section 3.03(a)(iii).

Tender Advance. Termination Date", "Prime Rate", "Default Rate" and "Payment Date" shall have the same meaning given each such term in Article I of the Reimbursement Agreement.

Tender Advance has the meaning ascribed thereto in Section 2.5(b)(i) hereof.

Tender Advance has the meaning assigned to that term in Subsection 2(d) of this Agreement.

Tender Advance means any Liquidity Drawing that is not a Final Tender Drawing, as described in Section 2.05 of this Reimbursement Agreement.