Common use of Administrative Agent Advances Clause in Contracts

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by Lenders, from time to time, in Administrative Agent’s sole discretion, to make advances under this Credit Agreement, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees, and expenses as described in Section 13.04(a), and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral or any portion thereof (including with respect to property taxes, insurance premiums, and any costs, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Property) (A) after the occurrence of a Default, or (B) subject to Section 12.10, after acquisition of all or a portion of the Collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower on demand, secured by the Collateral, and shall bear interest as provided for herein. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage of the outstanding principal amount of such Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 p.m. on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m., or (ii) on or before 1:00 p.m. on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by Lendersauthorized, from time to time, in Administrative Agent’s sole discretiondiscretion to make, to make authorize or determine advances under this Credit Agreementof Loan Proceeds, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees, fees and expenses as described in Section 13.04(a)6.5 herein, and (ii) when the applicable conditions precedent set forth in Exhibit “C” and Exhibit “F” have been satisfied to the extent required by Administrative Agent, and (iii) when Administrative Agent reasonably deems necessary or desirable to preserve or protect the Collateral collateral for the Mortgage Loans or any portion thereof (including those with respect to property taxes, insurance premiums, and any costscompletion of construction, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Propertysale and disposition) (A) after the occurrence and during the continuance of a Default, or and (B) subject to Section 12.105.1, after acquisition of all or a portion of the Collateral Mortgage Loan collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit AgreementAddendum, shall be repayable by Borrower on demand, demand and secured by the Collateralcollateral for the Mortgage Loans, and if unpaid by Lenders as set forth below shall bear interest as provided for hereinat the rate applicable to such amount under the Mortgage Loans or if no longer applicable, at the Adjusted Base Rate. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage pro rata share of the outstanding principal amount of such the Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 3:00 p.m. (Administrative Agent’s Time) on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m.12:00 p.m. (Administrative Agent’s Time), or (ii) on or before 1:00 12:00 p.m. (Administrative Agent’s Time) on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.12:00 p.m. (Administrative Agent’s Time).

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by Lendersauthorized, from time to time, in Administrative Agent’s sole discretion, discretion to make advances under this Credit Agreement, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees, fees and expenses as described in Section 13.04(a)6.10, and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral or any portion thereof (including Taxes, Common Charges, Insurance Premiums, and other costs, fees and expenses with respect to property taxesoperation, insurance premiums, and any costs, fees, or expenses in connection with the operationleasing, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Propertysale and disposition) (Ay) subject to Section 5.5, after the occurrence of a Default, or and (Bz) subject to Section 12.105.10, after acquisition of all or a portion of the Collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower Lenders on demand, demand and shall be Obligations that are secured by the Collateral, and if unpaid by Lenders as set forth below shall bear interest as provided for hereinat the Base Rate. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage Pro Rata Share of the outstanding principal amount of such Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 3:00 p.m. (Administrative Agent’s Time) on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m.12:00 p.m. (Administrative Agent’s Time), or (ii) on or before 1:00 12:00 p.m. on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.12:00 p.m. (Administrative Agent’s Time).

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by Lendersauthorized, from time to time, in Administrative Agent’s sole discretion, discretion to make advances under this Credit Agreement, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees, fees and expenses as described in Section 13.04(a), 7.10 herein and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral or any portion thereof (including those with respect to property taxes, insurance premiums, and any costscompletion of construction, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Propertysale and disposition) (A) subject to Section 6.5, after the occurrence of a Default, or and (B) subject to Section 12.106.10, after acquisition of all or a portion of the Collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower on demand, demand and secured by the Collateral, and if unpaid by Lenders as set forth below shall bear interest as provided for hereinat the rate applicable to such amount under the Loan or if no longer applicable, at the Loan Rate. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage Pro Rata Share of the outstanding principal amount of such Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 3:00 p.m. (Administrative Agent’s Time) on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m.12:00 p.m. (Administrative Agent’s Time), or (ii) on or before 1:00 12:00 p.m. on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.12:00 p.m. (Administrative Agent’s Time).

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by Lendersauthorized, from time to time, in Administrative Agent’s 's sole discretiondiscretion to make, to make authorize or determine advances under this Credit Agreementof the Loan, or otherwise expend funds, on behalf of Lenders (“"Administrative Agent Advances”"), (i) to pay any costs, fees, fees and expenses as described in Section 13.04(a)14.1 herein, and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral collateral for the Loan or any portion thereof (including those with respect to property taxes, insurance premiums, and any costscompletion of construction, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Propertysale and disposition) (A) subject to Section 15.3, after the occurrence of a an Event of Default, or and (B) subject to Section 12.1015.10, after acquisition of all or a portion of the Collateral collateral for the Loan by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower on demand, demand and secured by the Collateralcollateral for the Loan, and if unpaid by Lenders as set forth below shall bear interest as provided for hereinat the rate applicable to such amount under the Loan. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage 's Pro Rata Share of the outstanding principal amount of such Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 3:00 p.m. (Administrative Agent's Time) on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m.12:00 p.m. (Administrative Agent's Time), or (ii) on or before 1:00 12:00 p.m. on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.12:00 p.m. (Administrative Agent's Time).

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by LendersXxxxxxx, from time to time, in Administrative Agent’s sole discretion, to make advances under this Credit Agreement, or otherwise expend funds, on behalf of Lenders Xxxxxxx (“Administrative Agent Advances”), (i) to pay any costs, fees, and expenses as described in Section 13.04(a), and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral or any portion thereof (including with respect to property taxes, insurance premiums, and any costs, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Property) (A) after the occurrence of a Default, or (B) subject to Section 12.10, after acquisition of all or a portion of the Collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower Xxxxxxxx on demand, secured by the Collateral, and shall bear interest as provided for herein. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage of the outstanding principal amount of such Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 p.m. on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m., or (ii) on or before 1:00 p.m. on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan Party, and by Lendersauthorized, from time to time, in Administrative Agent’s sole discretiondiscretion to make, to make advances under this Credit Agreementauthorize or determine Additional Advances and other advances, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees, fees and expenses as described in Section 13.04(a)4.14 and 4.15, and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral collateral or any portion thereof (including those with respect to property taxesReal Property Taxes, insurance premiumsInsurance Premiums, and any costs, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Propertysale and disposition) (A) subject to Section 5 of this Schedule 14, after the occurrence of a an Event of Default, or and (B) subject to Section 12.1010 of this Schedule 14, after acquisition of all or a portion of the Collateral collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower on demand, demand and secured by the Collateralcollateral, and if unpaid by Lenders as set forth below shall bear interest as provided for hereinat the rate applicable to such amount under the Loan or if no longer applicable, at the interest rate of the Loan. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage Pro Rata Share of the outstanding principal amount of such the Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 3:00 p.m. (Administrative Agent’s Time) on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m.12:00 p.m. (Administrative Agent’s Time), or (ii) on or before 1:00 12:00 p.m. (Administrative Agent’s Time) on the Business Banking Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance Administrative Agent Advance if Administrative Agent provides notice after 1:00 p.m.12:00 p.m. (Administrative Agent’s Time).

Administrative Agent Advances. (a) Administrative Agent is hereby authorized by each Loan PartyParent, Borrower, and by Lenders, from time to time, in Administrative Agent’s sole discretion, to make advances under this Credit Agreement, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees, and expenses as described in Section 13.04(a12.04(a), and (ii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral or any portion thereof (including with respect to property taxes, insurance premiums, and any costs, fees, or expenses in connection with the operation, management, improvements, maintenance, repair, sale, or disposition of any Unencumbered Borrowing Base Property) (A) after the occurrence of a Default, or (B) subject to Section 12.1011.10, after acquisition of all or a portion of the Collateral by foreclosure or otherwise. (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this Credit Agreement, shall be repayable by Borrower on demand, secured by the Collateral, and shall bear interest as provided for herein. Administrative Agent shall notify each Lender in writing of each Administrative Agent Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent Advance, each Lender shall make the amount of such Lender’s Applicable Percentage of the outstanding principal amount of such Administrative Agent Advance available to Administrative Agent, in same day funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or before 2:00 p.m. on the day Administrative Agent provides Lenders with notice of the making of such Administrative Agent Advance if Administrative Agent provides such notice on or before 1:00 p.m., or (ii) on or before 1:00 p.m. on the Business Day immediately following the day Administrative Agent provides Lenders with notice of the making of such advance if Administrative Agent provides notice after 1:00 p.m.