Term Credit Advance definition

Term Credit Advance means an advance by a Lender to the Borrower as part of a Term Credit Borrowing and refers to a Base Rate Advance or a LIBOR Rate Advance.
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Term Credit Advance means the advance by the Initial Lender to the Borrower as part of the Loan.
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Examples of Term Credit Advance in a sentence

  • During such periods as such Term Credit Advance is a Base Rate Advance, a rate per annum equal at all times to the Base Rate in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period, and on the date such Base Rate Advance shall be Converted or paid in full.

  • Each Bank agrees that in computing such Bank's portion of any Intermediate Term Credit Advance to be made hereunder or the portion of any payment to be allocated to such Bank hereunder, the Administrative Agent may, in its sole discretion, round each Bank's portion of such payment to the next higher or lower whole dollar amount.

  • Each Intermediate Term Credit Advance shall be in an aggregate principal amount that is an integral multiple of $50,000 and not less than $1,000,000.00 in the case of an Intermediate Term Credit Advance comprised of Fixed Rate Loans or $250,000.00 in the case of an Intermediate Term Credit Advance comprised of Variable Rate Loans, or, an aggregate principal amount equal to an amount which will utilize in full the remaining amount then available to be borrowed under the Intermediate Term Credit.

  • Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make one Term Credit Advance to the Borrower on the Effective Date in the aggregate amount set forth opposite such Lender's name on the signature pages hereof, as such amount may be reduced pursuant to Section 2.04 (such Lender's "Commitment").

  • Each Intermediate Term Credit Loan made by a Bank on a Borrowing Date shall be in an amount equal to such Bank's Intermediate Term Credit Applicable Percentage of each Intermediate Term Credit Advance to be made to the Borrower on such Borrowing Date.

  • Each such Intermediate Term Credit Advance shall be comprised of Variable Rate Loans or Fixed Rate Loans as specified by the Borrower in the notice of advance request given pursuant to Section 2A.05.

  • Under Executive Order 13636 (“Executive Order”), the Secretary of Commerce is tasked to direct the Director of NIST to develop a framework for reducing cyber risks to critical infrastructure (the “Cybersecurity Framework” or “Framework”).

  • The Borrower shall reimburse such Lender for such Lender's reasonable expenses incurred in connection with such change or in considering such a change in an amount not to exceed the Borrower's pro rata share of such expenses based on such Lender's Term Credit Advance to the Borrower and the total lending commitments and loans of such Lender to its similarly situated customers.

  • If such Lender shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender's Term Credit Advance as part of such Term Credit Borrowing for purposes of this Agreement and the Borrower shall be relieved of its obligations to repay such amount under this Section 2.02(d).

  • The Borrower also agrees not to assert any claim against any Term Lender, any of their Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Term Credit Advance.

Related to Term Credit Advance

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit D-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Revolving Credit Loans as defined in Section 2.1.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.