Examples of Additional Advance Request in a sentence
Following such written notice, and before the Borrower may enter into such Lease, the Administrative Agent shall have up to ten (10) Business Days to determine whether it will request an additional legal opinion of the type it would be able to request, under Section 7.2(e)(vii)(C) hereof, if an Aircraft leased to such Lessee were to be the subject of an Additional Advance Request as a proposed Additionally Financed Aircraft hereunder.
Notwithstanding the foregoing, the funding and release procedures applicable to Additional Advances requested to finance the acquisition of one or more anticipated Additionally Financed Aircraft, as described on the related Additional Advance Request, shall be as set forth in subsection (c) of this Section below (including the provisions in such subsection relevant to satisfaction of the conditions in Section 7.2 and Section 7.5 with respect to any such Additional Advance).
After giving effect to any Improvement Advance (and for the avoidance of doubt, determining each Borrowing Base for this purpose giving effect to the inclusion of the Aircraft as so improved within the Borrower’s Portfolio), no Borrowing Base Deficiency will exist (and the Administrative Agent shall have received an Additional Advance Request containing a borrowing base certification demonstrating the foregoing).
After giving effect to any Xxxxxxxx Xxxx Event Advance or Increased Availability Advance, no Borrowing Base Deficiency will exist (and the Administrative Agent shall have received an Additional Advance Request and a Monthly Report demonstrating the foregoing).
The respective amounts so advanced by the Lenders through the related Funding Agent shall be based on the applicable Borrowing Bases certified to by the Borrower as part of the related Additional Advance Request (and assuming that all proposed Aircraft become Funded Aircraft by the end of the Holding Period).
Under no circumstances will Lender extend any Additional Advance prior to Lender’s approval, in its sole and absolute discretion, of Debtor-in-Possession’s Additional Advance Request.
Debtor shall not make any disbursements other than those set forth in the Budget and any Additional Advance Request, approved in writing by the Lender in its sole and absolute discretion; provided, however, disbursements may exceed any line-item disbursement amount in the Budget or Additional Advance Request by no more than 5% on a cumulative basis from the Petition Date through the end of the Budget period.
Upon Lender’s receipt of Debtor-in-Possession’s Additional Advance Request, Lender will decide in its sole and absolute discretion whether to make any such Additional Advances.
Under no circumstances shall any Additional Advance Request contravene the contents set forth in the Budget.
All Additional Advances extended by Lender, in Lender’s sole and absolute discretion, will be strictly limited to the minimum amount of funds required to support Debtor-in-Possession’s projected seven (7) calendar- day time period explicitly set forth in Debtor-in-Possession’s Additional Advance Request.