Common use of Protective Advances Clause in Contracts

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (a) up to an aggregate amount not to exceed at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”). Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, and without regard to the aggregate Commitments, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed at any time the lesser of (i) 10% of the aggregate Revolver Commitments, and (ii) the Commitments outstanding amount of $15,000,000at any time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 6.2 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate outstanding amount not to exceed at any time the lesser of (i) 10% of the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that a Default or Event of Default exists or any conditions in Section 6 are not satisfied, and without regard to the aggregate Commitments, to make Base Prime Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000, if Agent deems such Revolver Loans necessary or desirable to preserve or protect any Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein expenses. All Protective Advances shall be Obligations, secured by the Collateral, and shall be treated for all purposes as “Protective Advances”)Extraordinary Expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority authorization to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, satisfied to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $15,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations, as long as such Loans do not cause the outstanding Revolver Loans and LC Obligations to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors Borrowers under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that the funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to and including an aggregate amount not to exceed of $5,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent; provided, however, that such ability to revoke Agent’s authority shall not apply with respect to Protective Advances that are in an aggregate amount of $5,000,000 or less. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $10,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $2,500,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such expenses; provided that, the aggregate amount of outstanding Protective Advances plus the outstanding Revolver Loans are referred to herein as “Protective Advances”)and LC Obligations shall not exceed the aggregate Revolving Commitments. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 Article VI are not satisfied, and without regard to the aggregate Commitments, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to exceed a confidential treatment request. of $5,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, and without regard to the aggregate Revolver Commitments, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $6,500,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (a) up to an aggregate amount not to exceed at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,0005,000,000, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “"Protective Advances”"). Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s 's authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s 's determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, and without regard to the aggregate Commitments, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount which when aggregated with existing Overadvances shall not to exceed at any time 10% of the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000Borrowing Base, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, satisfied to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $25,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause the outstanding Revolver Loans and LC Obligations to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, and without regard to the aggregate Commitments, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount which when aggregated with existing Overadvances shall not to exceed at any time 10% of the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000Borrowing Base, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, satisfied to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $12,500,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations, as long as such Loans do not cause the outstanding Revolver Loans and LC Obligations to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans ("Protective Advances") (a) up to an aggregate amount not to exceed of 10% of the Borrowing Base outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s 's authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s 's determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, satisfied to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $25,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations, as long as such Loans do not cause the outstanding Revolver Loans and LC Obligations to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (a) up to an aggregate amount not to exceed at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,0005,000,000, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”). Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfiedtime, to make Revolver Loans that are SOFR Loans (or, if SOFR Loans are unavailable, Base Rate Revolver Loans Loans) (“Protective Advances”) (a) up to an aggregate amount not to exceed at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Xxxxxxx shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders Xxxxxxx may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that an Event of Default exists or any conditions in Section 6 are not satisfied, satisfied to make Base Rate Revolver Revolving Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $5,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect any Collateral, or to enhance the collectability or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors Loan Parties under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein expenses. All Protective Advances shall be Obligations, secured by the Collateral, and shall be treated for all purposes as “Protective Advances”)Extraordinary Expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority authorization to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of ten (10)% of the Borrowing Base outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, satisfied to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $8,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations, as long as such Loans do not cause the outstanding Revolver Loans and LC Obligations to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, and without regard to the Aggregate Availability, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of 10% of the Revolver Commitment outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein expenses. All Protective Advances shall be secured by the Collateral and treated for all purposes as “Protective Advances”)Extraordinary Expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $2,500,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Revolver Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors the Loan Parties under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that a Default or Event of Default exists or any conditions in Section 6 are not satisfied, and without regard to the aggregate Revolver Commitments, to make Base Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $2,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect any Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein expenses. All Protective Advances shall be Obligations, secured by the Collateral, and shall be treated for all purposes as “Protective Advances”)Extraordinary Expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority authorization to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that a Default or Event of Default exists or any conditions in Section SECTION 6 are not satisfied, and without regard to the aggregate Commitments, to make Base Rate Revolver Loans ("PROTECTIVE ADVANCES") (a) up to an aggregate amount not to exceed of $2,500,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect any Collateral, or to enhance the collectability collectibility or repayment of Obligations; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including costs, fees and expenses (such Revolver Loans are referred to herein expenses. All Protective Advances shall be Obligations, secured by the Collateral, and shall be treated for all purposes as “Protective Advances”)Extraordinary Expenses. Each Lender shall participate in each Protective Advance on a Pro Rata basis. Required Lenders may at any time revoke Agent’s authority 's authorization to make further Protective Advances by written notice to Agent. Absent such revocation, Agent’s 's determination that funding of a Protective Advance is appropriate shall be conclusive.

Protective Advances. Agent shall be authorized, in its sole discretion, at any time that any conditions in Section 6 are not satisfied, to make Base Floating Rate Revolver Loans (“Protective Advances”) (a) up to an aggregate amount not to exceed of $25,000,000 outstanding at any time the lesser of (i) the aggregate Revolver Commitments, and (ii) the outstanding amount of $15,000,000time, if Agent deems such Revolver Loans necessary or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Revolver Loans do not cause Revolver Usage to exceed the aggregate Revolver Commitments; or (b) to pay any other amounts chargeable to Obligors under any Loan Documents, including interest, costs, fees and expenses (such Revolver Loans are referred to herein as “Protective Advances”)expenses. Each Lender Lenders shall participate in each Protective Advance on a Pro Rata basisbasis in Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Protective Advances under clause (a) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive.