Agent Advance definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

In no event shall Borrowers or any other Obligor have any right to require that any Agent Advance be made.
Borrowers shall fail to pay (i) any principal of any Loan (including the repayment of any LC Outstandings or any Agent Advance) or any interest on any Loan (including any Agent Advance) when due (whether due at stated maturity, on demand, upon acceleration or otherwise) or (ii) any fee, indemnity or any other Obligation under this Agreement or any other Loan Document within 5 Business Days of the date due for such fee, indemnity or other Obligation.
Agent Advances shall be paid, jointly and severally, by Borrowers to Administrative Agent, for the sole benefit of Administrative Agent, (1) so long as no Event of Default has occurred or is continuing (other than an Event of Default resulting from an Out-Of-Formula Condition created by an Agent Advance) upon 3 Business Days’ written demand by Administrative Agent and (2) at all other times, upon Administrative Agent’s demand for payment.
Agent Advances shall be paid, jointly and severally, by ▇▇▇▇▇▇▇▇▇ to Administrative Agent, for the sole benefit of Administrative Agent, (1) so long as no Event of Default has occurred or is continuing (other than an Event of Default resulting from an Out-Of-Formula Condition created by an Agent Advance) upon 3 Business Days’ written demand by Administrative Agent and (2) at all other times, upon Administrative Agent’s demand for payment.

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 as defined in Section 1.1.2 of the Agreement.

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

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

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

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.