Trade Advance definition

Trade Advance means the adjustable amount levied at the time of sanction/ regularization of water connection in a commercial/ industrial category @ of three months estimated consumption of the applicant as assessed by ZRO as per site conditions. The amount is adjustable at the time of surrender of the connection or in the event of default by the consumer, due to non-payment of Board charges.
Sample 1Sample 2Sample 3
Trade Advance means an Advance to pay for a Drawing under a Letter of Credit or to pay a Documentary Collection, if any. 1.1.35 “Usance Credit”: means a Letter of Credit, the terms of which require the Bank to make payment at a specified date or time not more than 90 days after presentation of conforming documents. 1.1.36 “Variable Rate Advance”: shall have the respective meaning as it is defined for each facility under Section 2, hereof. 1.1.37 “Variable Rate”: shall have the respective meaning as it is defined for each facility under Section 2, hereof. 1.1.38 “Working Capital Advance”: shall mean an Advance under the Line of Credit made for the purpose described in Section 2. 1.1.39
Sample 1
Trade Advance means the amount deposited by UMCA ONLINE SERVICES PRIVATE LIMITED With PAY2ALL SERVICES PRIVATE LIMITED in advance for obtaining the services of PAY2ALL SERVICES PRIVATE LIMITED.
Sample 1

Examples of Trade Advance in a sentence

  • Maturity Date(a) For a Trade Advance, the maturity date set out in the relevant Drawdown notice, and(b) for a Contingent Liability Instrument or trade instrument, such as a Bill, the date by which payment must be made, set out in that instrument.Payment InstrumentAny Standby, Letter of Guarantee or counter- indemnity we issue in favour of our Correspondent Bank or any other party.StandbyA standby Letter of Credit.

  • The Security Deposit / Trade Advance shall be paid before the execution of the agreement.

  • Citicorp Finance (India) Limited provides finance for purchase of transport vehicles and construction equipment in the form of Loans and Trade Advance to dealers across the country through its various branches.

  • Unless otherwise agreed by us, you must deliver to us a Drawdown Notice at least 5 Business Days before the last day of the current Interest Period if you wish to rollover a Trade Advance after the end of its current Interest Period.

  • The Security Deposit / Trade Advance will not carry any interest.

  • Trade Advance:If and when the billing amount exceed ( or near to ) the 75% mark of the given Trade Advance limit, the Business Associate will have to provide additional Trade Advance amount in order to continue to avail the service for accepting further booking.

  • The selected Business Associate shall pay the stipulated Security Deposit / Trade Advance and Sign the Memorandum of Agreement within fifteen days from the date of receipt of appointment intimation.

  • The Security Deposit / Trade Advance will be refunded after the completion of the agreement period without interest after adjusting amounts due to VICHARE EXPRESS if any.

  • Each Interest Period for a Trade Advance is the period specified in its Drawdown Notice and commences on its Drawdown Date.

  • The said Trade Advance is being repaid regularly.There are no other amounts granted as loans or advance to any other party covered in the register maintained under section 301 of the Companies Act, 1956.


More Definitions of Trade Advance

Trade Advance means an Advance to pay for a Drawing under a Letter of Credit or to pay a Documentary Collection, if any.
Sample 1
Trade Advance means an Advance under a Trade Advance Facility.
Sample 1

Related to Trade Advance

  • 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.

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

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

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

  • Unapplied Downgrade Advance means any Downgrade Advance other than an Applied Downgrade Advance.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Eligible advance means an advance made before August 19, 1993.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

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

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Revolving Advance has the meaning given in Section 2.1.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

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

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

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

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

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

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