Protective Advances definition

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

Protective Advances as defined in Section 2.1.6.

Protective Advances shall have the meaning assigned to such term in Section 2.01(c).

Examples of Protective Advances in a sentence

• It is agreed that each Xxxxxx's funded portion of the Loans (including Protective Advances) is intended by the Lenders to equal, at all times, such Xxxxxx's Pro Rata Share of the outstanding Loans.

• All Protective Advances shall be payable immediately upon demand.

• All Loans (other than Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares.

• Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans and Protective Advances.

• Notwithstanding the foregoing, (i) the aggregate amount of all Protective Advances outstanding at any time shall not exceed an amount equal to ten percent (10%) of the Maximum Revolving Facility Amount and (ii) after giving effect to any such Protective Advances, the outstanding balance of all Revolving Loans will not exceed the Maximum Revolving Facility Amount.

More Definitions of Protective Advances

Protective Advances has the meaning set forth in Section 2.2(a).

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

Protective Advances shall have the meaning set forth in Section 16.2(f) hereof.

Protective Advances means all expenses, disbursements and advances incurred by the Administrative Agent pursuant to the Loan Documents after the occurrence and during the continuance of an Event of Default that the Administrative Agent, in its sole discretion, deems necessary or desirable to preserve or protect the Collateral or any portion thereof or to enhance the likelihood, or maximize the amount, of repayment of the Obligations.

Protective Advances shall have the meaning provided in Section 2.18.

Protective Advances has the meaning set forth in Section 1.3.

Protective Advances means all sums advanced for the purpose of payment of real estate taxes (including special payments in lieu of real estate taxes), maintenance costs, insurance premiums or other items (including capital items) reasonably necessary to protect the Premises from forfeiture, casualty, loss or waste, including, with respect to the Junior Loan, amounts advanced by Junior Lender pursuant to Sections 9 or 11 hereof.