WCO Advance definition

WCO Advance an A/R Advance, with a WCO Advance Term.
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WCO Advance as defined in Section 4.3 of this Addendum.
Sample 1

Examples of WCO Advance in a sentence

  • If a WCO Advance Request is approved by IBM Credit, the WCO Term shall commence on the date that the WCO Advance is made and shall end on the last day of the approved WCO Term.

  • The WCO Advance Request must state the WCO Advance amount requested.

  • Customer may, at its option, repay a Product Advance by requesting IBM Credit to apply all or any part of the principal amount of a WCO Advance to the outstanding Product Advance.

  • Customer shall provide IBM Credit with a written request ("WCO Advance Request") for a period ("WCO Term") up to the maximum approved term set forth in Exhibit A ("Maximum WCO Term").

  • Each WCO Advance Request is subject to IBM Credit’s approval and shall not exceed the Maximum WCO Term.

  • With respect to the WCO Advances made by IBM Credit on the Closing Date, the Borrower hereby authorizes and directs IBM Credit to pay the proceeds of such WCO Advance directly to IBM ("IBM Payment").

  • Each WCO Advance shall accrue a finance charge during the period from the date such advance is made to maturity at the per annum rate specified in Exhibit A as the “FPP WCO Financing Charge”.

  • If the outstanding WCO Advance is not renewed by IBM Credit, Customer agrees to repay the outstanding WCO Advance to IBM Credit no later than the last day of the current WCO Term.

  • If the outstanding WCO Advance is not renewed by IBM Credit, Customers agree to repay the outstanding WCO Advance to IBM Credit no later than the last day of the current WCO Term.

  • Each WCO Advance Request is subject to IBM Credit's approval and shall not exceed the Maximum WCO Term.

Related to WCO 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.

  • Revolving Advance has the meaning given in Section 2.1.

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

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

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

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

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

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

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

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

  • 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.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • 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.

  • Tax Advance has the meaning set forth in Section 6.02(a).

  • Future Advance means an Advance made after the Initial Closing Date.

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

  • 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.

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

  • Revolving Loan means a Loan made pursuant to Section 2.01.

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

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).