Trade Advances definition
Trade Advances means any advances which represent charges to a Subsidiary for (w) PESCO's insurance program, (x) allocation of overhead, (y) services rendered for the benefit of such Subsidiary (including, without limitation, those rendered by financial, legal or engineering professionals), or (z) assets purchased by such Subsidiary in the ordinary course of its business.
Examples of Trade Advances in a sentence
Part A – Funding Notice (Cash Advance Facility and Trade Advances or Proceeds of Negotiation under Trade Finance Facility) To: [insert name of Lender] (Lender) Attention: [insert relevant name] We refer to the multi-option facility agreement dated 2 November 2009 between each party listed in Schedule 1 of that agreement (as Borrowers) and Commonwealth Bank of Australia (as Lender) (Facility Agreement).