US Revolving Credit Advance definition

US Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a)(i).
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US Revolving Credit Advance means an Advance by a US Revolving Lender to any Borrower as part of a US Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance.
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US Revolving Credit Advance means a borrowing requested by a US Borrower and made by the US Revolving Credit Lenders under Section 2.1 of this Agreement, including without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3 hereof and any deemed disbursement of an Advance in respect of a Letter of Credit under Section 3.6(c) hereof, and may include, subject to the terms hereof, Eurodollar-based Advances and US Base Rate Advances.
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Examples of US Revolving Credit Advance in a sentence

  • U.S. Revolving Credit Advances may be repaid and reborrowed from time to time until the Commitment Termination Date; provided, that the amount of any U.S. Revolving Credit Advance to be made at any time shall not exceed U.S. Borrowing Availability.

  • Seasonal Facility; provided, that if LLTC has certified to the Agent in the applicable US Notice of Revolving Credit Advance that all or a portion of the proceeds of the related US Revolving Credit Advance will be directly applied to retire any obligation described in clause (ii) above, then such obligation will not be counted in determining availability for such Advance.

  • Agents may assume that each Lender will make its Pro Rata Share of each U.S. Revolving Credit Advance available to Agent on each Funding Date.

  • Each Borrower hereby irrevocably authorizes Agent or Canadian Agent, as applicable, to disburse the proceeds of each Loan requested, or deemed to be requested, under Section 1.1 as follows (i) the proceeds of each U.S. Revolving Credit Advance shall be disbursed by Agent in Dollars, as requested by U.S. Borrower and (ii) by Canadian Agent in Dollars or Canadian Dollars, as requested by Borrower Representative on behalf of the Canadian Borrower.

  • Until the Commitment Termination Date, LLTC may from time to time borrow, repay and reborrow under this Section 1.1(c); provided, that the US Dollar amount of any US Revolving Credit Advance to be made at any time shall not exceed the US Borrowing Availability at such time.


More Definitions of US Revolving Credit Advance

US Revolving Credit Advance has the meaning specified in Section 2.01(c).
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US Revolving Credit Advance means a US Revolving Credit Tranche A Advance and a US Revolving Credit Tranche B Advance.
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US Revolving Credit Advance means an advance by a Lender to any U.S. Borrower under Section 2.01(a).
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US Revolving Credit Advance has the meaning specified in Section 2.01(b) and includes US Revolving Letter of Credit Advances and outstanding "US Revolving Credit Advances" made under the Existing Credit Agreement.
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US Revolving Credit Advance has the meaning specified in Section 2.01(b) and includes US Revolving Letter of Credit Advances.
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US Revolving Credit Advance means an Original U.S. Revolving Credit Advance, an Extended U.S. Revolving Credit Advance and a Refinancing U.S. Revolving Credit Advance.
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US Revolving Credit Advance means a borrowing requested by a US Borrower and made by the US Revolving Credit Lenders under Section 2.1 of this Agreement, including without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3 hereof and any deemed disbursement of an Advance in respect of a Letter of Credit under Section 3.6.1(c) hereof, and may include, subject to the terms hereof, Eurodollar-based Advances and US Base Rate Advances.
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