OTHER AGENT ADVANCES Clause Samples
OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1, the Agent may, but is not obligated to, continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the
OTHER AGENT ADVANCES. When the conditions for borrowing under Section 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of Section 2.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $5,000,000.
OTHER AGENT ADVANCES. (A) When the conditions for borrowing under Section 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of Section 2.1, the Lenders authorize the Agent, in its sole discretion, to make Revolving Loans ("Interim Advances"), to the Borrowers during the period commencing on the date the Agent first receives a Notice of Borrowing requesting an Interim Advance until the earliest of (1) the tenth (10th) Business Day after such date, (2) the date the Borrower is again able to comply with such Borrowing Base limitation and conditions precedent, or obtains an amendment or waiver with respect thereto and (3) the date the Majority lenders instruct the Agent, or the Agent determines, to cease making Interim Advances (in each case, the "Interim Advance Period").
OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and