Term XXXXX Advance definition

Term XXXXX Advance means an Advance that bears interest at a rate based on Term XXXXX that is not a Swing Line Advance.
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Term XXXXX Advance means an Advance in Canadian Dollars bearing interest based on the Adjusted Term XXXXX.
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Term XXXXX Advance means an Advance in currency of Canada at Term XXXXX plus 1.27%.”
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Examples of Term XXXXX Advance in a sentence

  • In its notice requesting a Term XXXXX Advance, the Borrower requesting such Advance shall select an Available Tenor of one or three months (subject to availability) to apply to such particular Term XXXXX Advance.


More Definitions of Term XXXXX Advance

Term XXXXX Advance means an Advance in CDollars to which the Adjusted Term XXXXX is applicable. 1.1.182 “Term XXXXX Loan” – means at any given time during the term of this Agreement, the Loans, or that portion of the Loan, upon which interest is payable at the Adjusted Term XXXXX. 1.1.183 “Term XXXXX Loan Portion” – means the amount of the Term XXXXX Loan, or any portion of the Term XXXXX Loan, in respect of which a Borrower has selected an Interest Period commencing on the same date and having the same duration. 1.1.184 “Term XXXXX Reference Rate” – means the forward looking term rate based on XXXXX. 1.1.185 “Term SOFR” – means, for the applicable Interest Period, the Term SOFR Reference Rate on the day (such day, the “Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business days prior to, in the case of SOFR Advances, the first day of such applicable Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for such applicable Interest Period has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business days prior to such Term SOFR Determination Day, provided, that if Term SOFR determined as provided above shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor. 1.1.186 “Term SOFR Administrator” – means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion). 1.1.187 “Term SOFR Reference Rate” – means the per annum forward-looking term rate based on SOFR. 1.1.188 “Total Commitment” – means, at any time, the aggregate of the amounts set opposite each Lender’s name in Schedule 1.1.188 representing the respective portion of the Total Commitment of each Lender, less any amount by which it shall have been cancelled, terminated or reduced pursuant to this Agreement,
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Related to Term XXXXX Advance

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • 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.

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

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • Equipment Advance has the meaning set forth in Section 2.1.2.

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

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

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

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

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Tranche C Term Loan as defined in Section 2.1.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • 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.

  • 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.

  • 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.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).