Sterling Advance definition

Sterling Advance means an advance by a UK Bank to the UK Borrower pursuant to this Appendix 2 (as divided or combined from time to time as contemplated in the definition herein of “Sterling Borrowing”), which bears interest as provided in Section 2B.5.
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Sterling Advance means an Advance denominated in Sterling.
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Sterling Advance means an Advance made under the Sterling Facility;
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Examples of Sterling Advance in a sentence

  • The giving of any notice by the UK Administrative Agent pursuant to Section 2B.7(b) shall not relieve any UK Bank of any obligation it may have under this Agreement to make a Sterling Advance (including any Sterling Advance for which a Notice of Sterling Borrowing was given prior to such notice by the UK Administrative Agent).

  • The UK Borrower shall repay the unpaid principal amount of each Sterling Advance owed to each UK Bank on the Termination Date.

  • The UK Borrower promises to pay interest on the unpaid principal amount of each Sterling Advance owing to the UK Bank from the date of such Sterling Advance until such principal amount is paid in full, at such interest rates, and due at such times, as are specified in the Credit Agreement.

  • Each Sterling Advance owed to the UK Bank by the UK Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the UK Bank and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Sterling Promissory Note; provided that the failure of the UK Bank to make any such recordation or endorsement shall not affect the obligations of the UK Borrower hereunder or under the Credit Agreement.

  • Subject to the terms and conditions of this Agreement, Advances shall be made to the relevant Borrower following receipt by the Facility Agent from the relevant Borrower of an appropriately completed Drawdown Notice in the form set out in Part A of Schedule 2 relating to the Facility not later than 11 a.m. one Banking Day, in the case of a Sterling Advance, and three Banking Days otherwise, before the proposed Drawdown Date.

  • The Swingline Sterling Advance will be made by the Agent not later than 3.00 p.m. (London time) on the relevant Advance Date.

  • EOG RESOURCES UNITED KINGDOM LIMITED By: Title: Date Amount of Sterling Advance Sterling Principal Paid or Prepaid Amount of Unpaid Principal Balance Notation Made By ▇.▇.

  • If such UK Bank shall repay to the UK Administrative Agent such corresponding amount, such amount so repaid shall constitute such UK Bank’s Sterling Advance as part of such Sterling Borrowing for purposes of this Agreement.

  • Use the proceeds of each Advance and Letter of Credit for general corporate purposes of the Borrower and its Subsidiaries, including to refinance bank debt, finance working capital and other general corporate purposes (and cause the Canadian Borrower and the UK Borrower to use the proceeds of each Canadian Advance and each Canadian Letter of Credit or each Sterling Advance or Sterling Letter of Credit, as applicable, for such general corporate purposes, including to finance working capital).

  • The Sterling Advance Facility may only be drawn by Treasury UK and in Sterling.


More Definitions of Sterling Advance

Sterling Advance has the meaning specified therefor in Section 2.16(b) of the Agreement.
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Related to Sterling Advance

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

  • Revolving Advance has the meaning given in Section 2.1.

  • 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.

  • 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.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.