Permitted Advances definition

Permitted Advances means (a) Accounts owing to Borrowers, customer deposits, prepaid expenses and accrued expenses created or acquired in the Ordinary Course of Business and payable on customary trade terms of a Borrower, (b) advances to sales representatives of Borrowers in the Ordinary Course of Business and consistent with past practices not to exceed $100,000 per sales representative and $1,000,000 in the aggregate with respect to all sales representatives in each case for Parent and its Subsidiaries on a Consolidated Basis, and (c) any loans or advances that are included in the definition of “Permitted Investments.”
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Permitted Advances has the meaning specified in Section 5.02(f)(ii).
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Permitted Advances means advances by the Company to the West Virginia PCS ------------------ Alliance on and after the Closing Date in an aggregate amount not to exceed $104.0 million at any one time outstanding.
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Examples of Permitted Advances in a sentence

  • Make advances, loans or extensions of credit to any Person, including any Affiliate except for Permitted Advances.

  • Lender agrees, upon the terms and subject to the --------- conditions of this Agreement, to lend and relend to Borrower from time to time from the Agreement Date until the Maturity Date amounts which do not exceed in the aggregate at any one time outstanding the amount of the Available Commitment as in effect from time to time, provided, however, that such amounts are permitted by the Schedule of Permitted Advances.

  • For the avoidance of doubt, the repayment of any Permitted Advances with Primary Sources of Funds must constitute an eligible use of such Primary Sources of Funds.

  • All Permitted Advances shall be due and payable upon demand by the Public Party making such advances and shall bear interest at the New York prime rate as published in the Midwest Edition of the Wall Street Journal from time to time.

  • Each of Borrower and Guarantors will not, without prior written consent of Bank, make any loans or advances to or investment in any Person except for Investment Obligations and Permitted Advances not to exceed in the aggregate during any fiscal year $10,000 to any Person and $20,000 in the aggregate.

  • In addition, notwithstanding anything herein to the contrary, for determining compliance with Section 13.2, including without limitation with respect to any Permitted Advances and Investments, Permitted Asset Sales, Permitted Distributions and Permitted Management Fees, no Default or Event of Default shall be deemed to have occurred as a result of changes in exchange rates occurring after the date such item is incurred, made, paid or otherwise.

  • All Permitted Advances shall be due and payable upon demand of the Public Party making such Permitted Advances and shall bear interest at the New York prime rate as published in the Midwest Edition of the Wall Street Journal from time to time.

  • The Borrowers shall use the proceeds of all Advances for the purposes contemplated under this Agreement, including without limitation for working capital, general corporate purposes, to make Permitted Advances and Investments and to consummate Permitted Acquisitions.


More Definitions of Permitted Advances

Permitted Advances a. Maximum Subsidiary Revolver Amount: (i) An amount equal to: $10,000,000 (ii) Domestic Revolver Usage: $__________ (iii) UK Loan Usage: $__________ (iv) Item 1(a)(ii) plus Item 1(a)(iii): $__________ (v) Item 1(a)(iv) minus $140,000,000 ----- (if a negative number insert 0): $__________ (vi) Item 1(a)(i) minus Item 1(a)(v): $__________ -----
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Permitted Advances means the following signing bonuses to certain employees of Borrowers, which may be paid by the applicable Borrower only during the following periods: (i) in the case of Xxxxxxx Xxxxxxx, up to (A) $250,000 during the Fiscal Year 2003, and (B) $250,000 during the Fiscal Year 2004; (ii) in the case of Xxxxx Xxxxxxx, up to (A) $50,000 during the Fiscal Year 2003, and (B) $50,000 during the Fiscal Year 2004; (iii) in the case of Xxxxxx Xxxxxx, up to (A) $125,000 during the Fiscal Year 2003, and (B) $125,000 during the Fiscal Year 2004; and (iv) in the case of Xxxxx Xxxxxxxx, up to (A) $125,000 during the Fiscal Year 2003, and (B) $125,000 during the Fiscal Year 2004.
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Permitted Advances has the meaning given in Section 3.7.
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Permitted Advances has the meaning set forth in Section 5.4 hereof.
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Permitted Advances means, collectively, any reimbursement by any of the Obligors in the ordinary course of its business to any employee or agent for business travel and other reasonable business expenses.
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Related to Permitted Advances

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Permitted Loans means:

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Revolving Loans as defined in Section 2.4(a).

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Permitted Additional Debt means unsecured Indebtedness, issued by the Borrower or a Guarantor, (a) the terms of which (i) do not provide for any scheduled repayment, mandatory redemption or sinking fund obligation prior to the Final Maturity Date (or to the extent such Permitted Additional Debt is being utilized to refinance Indebtedness, the latest maturity date of the Indebtedness being so refinanced) (other than customary offers to purchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default) and (ii) to the extent the same are subordinated, provide for customary subordination to the Obligations under the Credit Documents, (b) the covenants, events of default, guarantees and other terms of which (other than fees, pricing and redemption premiums), taken as a whole, are not more restrictive to the Borrower and the Restricted Subsidiaries than those herein (or to the extent such Permitted Additional Debt is being utilized to refinance Indebtedness, those applicable to the Indebtedness being so refinanced); provided that a certificate of an Authorized Officer of the Borrower is delivered to the Administrative Agent at least five Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower within such period that it disagrees with such determination (including a reasonable description of the basis upon which it disagrees) and (c) of which no Subsidiary of the Borrower (other than a Guarantor or any guarantor of the Indebtedness being refinanced by such Permitted Additional Debt, if applicable) is an obligor.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).