Common use of UK Protective Advances Clause in Contracts

UK Protective Advances. Agent shall be authorized, in its discretion, at any time that any conditions in Section 6 are not satisfied, to make UK Base Rate Loans to UK Borrower (“UK Protective Advances”) (i) up to an aggregate amount, when combined with all UK Overadvances and all other UK Protective Advances, of 10% of the UK Borrowing Base outstanding at any time, if Agent deems such Loans necessary or desirable to preserve or protect UK Facility Collateral, or to enhance the collectability or repayment of the UK Facility Obligations, as long as such Loans do not cause UK Revolver Usage to exceed the UK Borrowing Base; or (ii) to pay any other amounts chargeable to UK Facility Obligors under any of the Loan Documents, including interest, costs, fees and expenses. UK Lenders shall participate on a Pro Rata basis in UK Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under clause (i) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a UK Protective Advance is appropriate shall be conclusive. All UK Protective Advances shall be UK Facility Obligations and secured by the UK Facility Collateral.

UK Protective Advances. Agent shall be authorized, in its discretion, at any time that any conditions in Section 6 are not satisfied, to make UK Base Rate Loans to UK Borrower (“UK Protective Advances”) (ia) up to an aggregate amount, when combined with all UK Overadvances and all other UK Protective Advances, amount of 10% of the UK Borrowing Base Revolver Commitments outstanding at any timetime (disregarding any decreased Revolver Commitment amount during the Seasonal Period), if Agent deems such UK Revolver Loans are necessary or desirable to preserve or protect UK Facility Collateral, or to enhance the collectability or repayment of the UK Facility Obligations, as long as such Revolver Loans do not cause UK Revolver Usage to exceed the aggregate UK Borrowing BaseRevolver Commitments; or (iib) to pay any other amounts chargeable to UK Facility Obligors Borrower under any of the Loan Documents, including interest, costs, fees and expenses. UK Lenders shall participate on a Pro Rata basis in UK Protective Advances outstanding from time to time. US Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under clause (ia) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a UK Protective Advance is appropriate shall be conclusive. All UK Protective Advances shall be UK Facility Obligations and secured by the UK Facility Collateral.

UK Protective Advances. Agent shall be authorized, in its discretion, at any time that any conditions in Section 6 are not satisfied, to make UK Base Rate Revolver Loans to UK Borrower (“UK Protective Advances”) (ia) up to an aggregate amount, when combined with all UK Overadvances and all other UK Protective Advances, amount of 10% of the UK Borrowing Base Revolver Commitments outstanding at any timetime (disregarding any decreased Revolver Commitment amount during the Seasonal Period), if Agent deems such UK Revolver Loans are necessary or desirable to preserve or protect UK Facility Collateral, or to enhance the collectability or repayment of the UK Facility Obligations, as long as such Revolver Loans do not cause UK Revolver Usage to exceed the aggregate UK Borrowing BaseRevolver Commitments; or (iib) to pay any other amounts chargeable to UK Facility Obligors Borrower under any of the Loan Documents, including interest, costs, fees and expenses. UK Lenders Xxxxxxx shall participate on a Pro Rata basis in UK Protective Advances outstanding from time to time. US Required Lenders Xxxxxxx may at any time revoke Agent’s authority to make further UK Protective Advances under clause (ia) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a UK Protective Advance is appropriate shall be conclusive. All UK Protective Advances shall be UK Facility Obligations and secured by the UK Facility Collateral.

UK Protective Advances. Agent shall be authorized, in its discretion, including at any time that any conditions in Section 6 are not satisfied, to make UK Base Rate Loans to UK Borrower (“UK Protective Advances”) (i) up to an aggregate amount, outstanding amount (when combined aggregated with all any outstanding UK Overadvances and all other UK Protective Advances, Overadvance) of 10% of the UK Borrowing Base Revolver Commitments outstanding at any time, if Agent deems such UK Revolver Loans are necessary or desirable to preserve or protect UK Facility Collateral, or to enhance the collectability or repayment of the UK Facility Obligations, as long as such Loans do not cause UK Revolver Usage to exceed the UK Borrowing Base; or (ii) to pay any other amounts chargeable to a UK Facility Obligors Borrower under any of the Loan Documents, including interest, costs, fees and expenses; as long as all such UK Protective Advances do not cause UK Revolver Usage to exceed the aggregate UK Revolver Commitments. UK Lenders shall participate on a Pro Rata basis in UK Protective Advances outstanding from time to time. UK Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under clause (i) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a UK Protective Advance is appropriate shall be conclusive. All No funding of a UK Protective Advances Advance shall constitute a waiver by Agent or Lenders of any Event of Default relating thereto. No Obligor shall be UK Facility Obligations and secured by the UK Facility Collaterala beneficiary of this Section nor authorized to enforce any of its terms.