Protective Advances definition

Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

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Protective Advances as defined in Section 2.1.6.

Protective Advances shall have the meaning assigned to such term in Section 2.01(c).

Examples of Protective Advances in a sentence

The interest rate on all Protective Advances shall be at the Base Rate plus the Applicable Margin.
All Protective Advances shall be payable immediately upon demand.
The Protective Advances shall constitute Obligations hereunder which may be charged to the Loan Account in accordance with Section 2.12(i).
Notwithstanding the foregoing, (i) the aggregate amount of all Protective Advances outstanding at any time shall not exceed an amount equal to 10% of the Maximum Revolving Facility Amount (without giving effect to any Reserves established against the Maximum Revolving Facility Amount) and (ii) after giving effect to any such Protective Advances, the outstanding balance of all Protective Advances, Revolving Loans and Swingline Loans will not exceed the Maximum Revolving Facility Amount.
Protective Advances may be made even if the conditions precedent set forth in Article III have not been satisfied.

More Definitions of Protective Advances

Protective Advances has the meaning set forth in Section 2.2(a).

Protective Advances has the meaning specified therefor in Section 2.3(d)(i).

Protective Advances shall have the meaning set forth in Section 16.2(f) hereof.

Protective Advances means all expenses, disbursements and advances incurred by the Administrative Agent pursuant to the Loan Documents after the occurrence and during the continuance of an Event of Default that the Administrative Agent, in its sole discretion, deems necessary or desirable to preserve or protect the Collateral or any portion thereof or to enhance the likelihood, or maximize the amount, of repayment of the Obligations.

Protective Advances has the meaning specified in Section 2.15.

Protective Advances shall have the meaning provided in Section 2.18.

Protective Advances has the meaning set forth in Section 1.3.