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

  • The Administrative Agent’s authorization to make Protective Advances may be revoked at any time by the Required Lenders.

  • Protective Advances may be made even if the conditions precedent set forth in Section 4.02 have not been satisfied.

  • The Protective Advances shall be secured by the Liens in favor of the Administrative Agent in and to the Collateral and shall constitute Obligations hereunder.

  • This Section shall not apply to Swingline Borrowings, Overadvances or Protective Advances, which may not be converted or continued.

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


More Definitions of Protective Advances

Protective Advances has the meaning specified therefor in Section 2.3(d)(i).
Protective Advances has the meaning set forth in Section 2.2(a).
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 has the meaning specified in Section 2.17.
Protective Advances shall have the meaning provided in Section 2.18.
Protective Advances means all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) of Agent and Lenders for preparing, amending, negotiating, administering, defending and enforcing the Financing Documents and the Warrants (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Agent or the Lenders in connection with the Financing Documents and the Warrants.