XXXXX Advance definition

XXXXX Advance means an Advance denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX.

XXXXX Advance means an Advance denominated in Pounds Sterling that bears interest as provided in Section 2.05(a)(iv).

XXXXX Advance or “XXXXX Xxxx” means an Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the XXXXX Xxxx. For the avoidance of doubt, only Loans denominated in Sterling shall bear interest at a rate based on the XXXXX Xxxx.

Examples of XXXXX Advance in a sentence

• Changes in the rate of interest on that portion of any Advance maintained as an Alternate Base Rate Advance or XXXXX Advance will take effect simultaneously with each change in the Alternate Base Rate or XXXXX, as applicable.

• Each XXXXX Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made to but excluding the date it is paid, at a rate per annum equal to XXXXX for such day.

• Interest accrued on each XXXXX Advance shall be payable in arrears on the last day of each month, on any date on which the XXXXX Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity.

• The Borrowers may from time to time pay, without penalty or premium, all outstanding XXXXX Advances, or, in a minimum aggregate amount of the Borrowing Minimum or any integral multiple of the Borrowing Multiple in excess thereof, any portion of an outstanding XXXXX Advance, upon three (3) RFR Business Days’ prior notice to the Administrative Agent.

• Typically, it will be longer and would be determined amongst others by the availability of functions in the actual work situation.

More Definitions of XXXXX Advance

XXXXX Advance or “XXXXX Loan” means and Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the Daily Simple XXXXX Rate. XXXXX Advances and XXXXX Loans shall be denominated in Pounds Sterling.

XXXXX Advance means an advance in Sterling to which XXXXX (plus the Applicable Margin) is applicable pursuant to Section 3.6.

XXXXX Advance means an amount of up to $50,000,000 to be applied in part-payment of the Contract Price for “TRANSATLANTIC” payable pursuant to the MOA for that Ship;

XXXXX Advance means an amount equal to $1.7 million as of the date of this Agreement and which shall not exceed $1.7 million as of the Closing Date without Acquiror’s prior written consent (which amount shall not bear any interest), that has been funded by Xxxxx Renewable Holdings II, LLC to the Company for working capital purposes for the period from January 1, 2010 to the Closing Date pursuant to those certain Demand Promissory Notes issued by the Company to Xxxxx Renewable Holdings II, LLC dated the date of the respective advances.

XXXXX Advance means an Advance denominated in Sterling that bears interest as provided in Section 2.07(a)(iv). “Special Letter of Credit” has the meaning specified in Section 2.01(b). “Specified Acquisition” means one or more acquisitions of assets, equity interests, entities, operating lines or divisions in any fiscal quarter for an aggregate purchase price of not less than $200,000,000 (it being understood that such consideration shall be determined based on the payment made at the time of the transaction, without regard to any subsequent or earnout payments). “Sterling” means the lawful currency of the United Kingdom of Great Britain and Northern Ireland. “Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate (whether or not existing as at the date hereof) of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. “Taxes” has the meaning specified in Section 2.14(a). “Term SOFR” means,

XXXXX Advance means an Advance denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX. “XXXXX Xxxx” means a Loan denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX. “Specified Transaction” means any transaction or series of related transactions resulting in (a) the acquisition or disposition of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition or disposition of in excess of 50% of the equity interests of any Person, or (c) a merger or consolidation, business combination or similar transactions with another Person (other than the Parent or any of its Subsidiaries).

XXXXX Advance means a Term XXXXX Advance or a Daily Compounded XXXXX Advance.