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 Revolving Credit Lenders shall be obligated to fund such Protective Advances and effect a settlement with the Revolving Agent therefor upon demand of the Revolving Agent in accordance with their respective Revolving Credit Commitments to the extent that after giving effect to any such Protective Advances, the Outstanding Amount of Revolving Loans plus the Outstanding Amount of the L/C Obligations do not exceed the Maximum Revolving Credit Amount.
To the extent any Protective Advances are not actually funded by the other Revolving Credit Lenders as provided for in this Section 2.01(b)(ii), any such Protective Advances funded by the Revolving Agent shall be deemed to be Revolving Loans made by and owing to the Revolving Agent, and the Revolving Agent shall be entitled to all rights (including accrual of interest) and remedies of a Revolving Credit Lender under this Agreement and the Loan Documents with respect to such Revolving Loans.

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.