Agent Advance definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Agent Advance as defined in subsection 2.1(d).

Agent Advance has the meaning set forth in Section 2.1(h).

Examples of Agent Advance in a sentence

• With respect to each Agent Advance, Agent or its Affiliate(s) shall have, subject to the agreed upon terms related to such Agent Advance, the right to set off against the amounts of any payments or distributions to be made to such Lender hereunder, the entire amount of such Agent Advance, together with any agreed upon interest or fees thereon, until such Agent Advance is paid in full.

• Without limitation to its obligations pursuant to Section 9.09, each Le▇▇▇▇ ▇grees that it shall make available to the Administrative Agent, upon the Administrative Agent’s demand, in Dollars in immediately available funds, the amount equal to such Le▇▇▇▇’▇ pro rata share of each such Agent Advance.

• The Administrative Agent shall notify each Lender and the Borrower in writing of each such Agent Advance, which notice shall include a description of the purpose of such Agent Advance.

More Definitions of Agent Advance

Agent Advance shall have the meaning assigned to it in Section 13.4.

Agent Advance has the meaning given in Section 13.10.6.

Agent Advance means a Loan made by the Administrative Agent to the Borrower pursuant to Section 2.03(c) hereof.

Agent Advance is defined in SECTION 2.02(C)(I)(B).

Agent Advance is defined in Section 2.01(c)(i)(B).

Agent Advance has the meaning set forth in SECTION 2.1(h).

Agent Advance any Borrowing of Base Rate Revolving Loans funded with the Agent’s funds, until such Borrowing is settled among the Lenders pursuant to Section 4.1.3.