Special Advances definition

Special Advances as defined in Section 2.2(e)(iii) .

Special Advances has the meaning set forth in Section 2.3(d)(iii) of this Agreement.

Special Advances means those Revolving Credit Advances in excess of the Borrowing Base with the Borrowing Base being determined as if the Special Advance Amount was $0.

Examples of Special Advances in a sentence

• When the special reduced Monthly Periodic Rate is no longer in effect, we will continue to include such balances, including any unpaid Interest Charges thereon, in an Average Daily Balance of Special Advances, computed in the same manner specified above.

• The total of your (i) Average Daily Balance of Purchases, (ii) Average Daily Balance of Balance Transfers, (iii) Average Daily Balance of Overdraft Advances, (iv) Average Daily Balance of Cash Advances and (v) Average Daily Balance of Special Advances.

• Interest on Special Advances shall be payable at the Interest Rate then applicable to Prime Rate Loans.

• Interest Charges on Cash Advances, Overdraft Protection Transactions, and Special Advances (consisting of Promotional Check transactions and Promotional Balance Transfer transactions) will be imposed at the applicable Monthly Periodic Rates from the date each Cash Advance, Overdraft Protection Transaction, Promotional Check transaction or Promotional Balance Transfer transaction is made, and will continue to accrue on unpaid balances as long as it remains unpaid.

• This Section shall not apply to Swingline Loans or Special Advances, which may not be so converted or continued.

More Definitions of Special Advances

Special Advances means, collectively, (i) the portion of the Revolving Notes issued on September 28, 2012 and October 1, 2012 in the original principal amount of $1,000,000 in the aggregate, the portion of the Revolving Notes issued after the First Amendment Effective Date and prior to the Second Amendment Effective Date in the original principal amount of $1,000,000, (ii) the portion of the Revolving Notes issued on the Third Amendment Effective Date in the original principal amount of $3,184,599, which is comprised of an advance of $3,100,000 to the Borrowers on or about February 27, 2013, plus accrued but unpaid interest thereon in the amount of $84,599 (the “February 2013 Special Advance”) and (iii) the portion of the Revolving Notes issued on the Fourth Amendment Effective Date in the original principal amount of $2,000,000 (the “April 2013 Special Advance”).

Special Advances means advances by Purchaser, in Purchaser’s sole discretion, to Seller in excess of the Down Payment.

Special Advances means the portion of the Revolving Loans that exceed $60,000,000 and/or are attributable to advances against clauses (iv) and/or (v) of Section 1.2 of the Schedule to the Agreement. For purposes hereof, Revolving Loans shall be deemed made first, against clauses (i), (ii) and (iii) of Section 1.2 of the Schedule and then against clauses (iv) and (v), and payments shall be deemed to be made first against Special Advances and then against the other Revolving Loans.

Special Advances means any Advances made during the Temporary Increase Period that would cause the outstanding Obligations to exceed Thirty Million Dollars ($30,000,000).”

Special Advances means the Loans made under the Special Advance Facility.

Special Advances means the portion of the Revolving Notes issued on September 28, 2012 and October 1, 2012 in the original principal amount of $1,000,000 in the aggregate, together with the portion of the Revolving Notes issued after the First Amendment Effective Date in the original principal amount of $1,000,000 in the aggregate.

Special Advances has the meaning specified therefor in Section 2.3(d)(iii) of this Agreement. “ Specified Equity Contribution ” means cash equity contributions (which if in the form of preferred equity shall be on terms and conditions reasonably acceptable to Agent) made directly or indirectly by a Person (other than a Loan Party) to Parent as a cash equity contribution in accord ance with Section 7.2 , which equity contribution is added to EBITDA for the purposes of calculating compliance with Section 7.1 .. “ Specified Event of Default ” means (a) any Event of Default arising under Section 8.1 of the Agreement, (b) any Event of Defaul t arising under Section 8.4 of the Agreement, (c) any Event of Default arising under Section 8.5 of the Agreement, (d) any Event of Default arising under Section 8.2(a) of the Agreement resulting from the failure to comply with Section 5.2 of the Agreement (with respect to delivery of each of the items set forth in clauses (a) through (h) of Schedule 5.2 to the Agreement), (e) any Event of Default arising under Section 8.2(a) of the Agreement resulting from the failure to comply with Section 7(k) of the Gua ranty and Security Agreement, (f) any Event of Default arising under Section 8.2(a) arising from the failure to comply with Section 7 of the Agreement and (g) any Event of Default arising under Section 8.7 of the Agreement resulting from any representation or warranty under Section 4.22 of the Agreement being untrue. “ Specified Representations ” means the representations and warranties made by the Parent and its Subsidiaries in Section 4.1(a)(i), 4.2(a), 4.2(b)(i) (as it relates to no conflict with the Xxxxx ning Documents of any Loan Party and laws or regulations applicable to any Loan Party), 4.2(b)(ii) (as it relates to no conflict with Material Contracts that relate to Indebtedness), 4.4(a) (in each case, as it relates to the due authorization, execution, delivery and performance of the Loan Documents and enforceability thereof), 4.4(b), 4.9, 4.13, 4.16, 4.17 or 4.18 of this Agreement. “ Standard Letter of Credit Practice ” means, for Issuing Bank, any domestic or foreign law or letter of credit practices app licable in the city in which Issuing Bank issued the applicable Letter of Credit or, for