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

• Between settlement dates, Agent may 4918-8227-4946 v.17 63 in its discretion apply any payment received from an Obligor to Swingline Loans and Protective Advances, regardless of any designation by any Obligor or anything herein to the contrary.

• Required ▇▇▇▇▇▇▇ may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent.

• For purposes of determining Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares.

• Such notice of a Settlement Date shall include a summary statement of (i) the amount of outstanding Revolving Loans, Swing Line Loans, Protective Advances and Overadvances with respect to the Borrowers for the period from the prior Settlement Date and (ii) the amount of payments received from the Borrowers or, during a Cash Dominion Period, collections received and applied to the Obligations.

• During the period between Settlement Dates, the Swing Line Lender with respect to Swing Line Loans, the Agent with respect to Protective Advances and Overadvances, and each Lender with respect to the Revolving Loans other than Swing Line Loans, Protective Advances and Overadvances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by the Swing Line Lender, the Agent, or the Lenders, as applicable.

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 shall have the meaning provided in Section 2.18.

Protective Advances has the meaning specified in Section 2.15.

Protective Advances means all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) of Agent and Lenders for preparing, amending, negotiating, administering, defending and enforcing the Financing Documents and the Warrants (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Agent or the Lenders in connection with the Financing Documents and the Warrants.