Examples of Third Advance in a sentence
The obligation of the Bank to make available the Third Advance in respect of any Ship shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of the relevant Third Advance, the relevant documents and evidence specified in Part 4 of schedule 2 in respect of such Ship, in form and substance satisfactory to the Bank.
A Loan Notice in respect of the Initial Advance shall be delivered on the Closing Date in accordance with Section 4.02 and each other notice must be received by the Administrative Agent not later than 11:00 a.m. (i) in the case of the Second Advance, at least seven days prior to the requested date of such Borrowing and (ii) in the case of the Third Advance and the Final Advance, at least 24 days prior to the requested date of such Borrowing.
Subject to the terms and conditions of the Loan Agreement, UANT may request multiple advances on the Third Advance Loan from time to time during the period commencing on the date of this Amendment and continuing through 11:00 a.m. (Arlington, Texas time) on January 31, 2011 (the “Termination Date”), in an aggregate amount not to exceed $1,000,000.00, solely for the purpose of financing capital expenditures.
Borrower shall use the proceeds of the Third Advance to acquire the Secondary Terramics Pool Properties (or the stock, partnership interests, or other ownership interest in one or more Pledgors of the Secondary Terramics Pool Properties) or to refinance existing Liabilities incurred in connection with the acquisition of the Secondary Terramics Pool Properties (or the stock, partnership interests, or other ownership interest in one or more Pledgors of the Secondary Terramics Pool Properties).
Pooling all observations would lead to a bias in the results as poor people are more likely to be young and therefore healthy and using less sick days.24 Workers in the top income quintile have the lowest number of average sick days.