Special Advances definition

Special Advances as defined in Section 2.2(e)(iii) .

Special Advances has the meaning set forth in Section 2.3(d)(iii) of this Agreement.

Special Advances means those Revolving Credit Advances in excess of the Borrowing Base with the Borrowing Base being determined as if the Special Advance Amount was $0.

Examples of Special Advances in a sentence

• When the special reduced Monthly Periodic Rate is no longer in effect, we will continue to include such balances, including any unpaid Interest Charges thereon, in an Average Daily Balance of Special Advances, computed in the same manner specified above.

• The total of your (i) Average Daily Balance of Purchases, (ii) Average Daily Balance of Balance Transfers, (iii) Average Daily Balance of Overdraft Advances, (iv) Average Daily Balance of Cash Advances and (v) Average Daily Balance of Special Advances.

• Interest Charges on Cash Advances, Overdraft Protection Transactions, and Special Advances (consisting of Promotional Check transactions and Promotional Balance Transfer transactions) will be imposed at the applicable Monthly Periodic Rates from the date each Cash Advance, Overdraft Protection Transaction, Promotional Check transaction or Promotional Balance Transfer transaction is made, and will continue to accrue on unpaid balances as long as it remains unpaid.

• Interest Charges on Cash Advances, Overdraft Protection transactions, and Special Advances (consisting of Promotional Check transactions and Promotional Balance Transfer transactions) will be imposed at the applicable Monthly Periodic Rates from the date each Cash Advance, Overdraft Protection transaction, Promotional Check transaction or Promotional Balance Transfer transaction is made, and will continue to accrue on unpaid balances as long as it remains unpaid.

• Special Advances – Credit we may extend to you in the form of Promotional Balance Transfers or Promotional Checks.

More Definitions of Special Advances

Special Advances means, collectively, (i) the portion of the Revolving Notes issued on September 28, 2012 and October 1, 2012 in the original principal amount of $1,000,000 in the aggregate, the portion of the Revolving Notes issued after the First Amendment Effective Date and prior to the Second Amendment Effective Date in the original principal amount of $1,000,000, (ii) the portion of the Revolving Notes issued on the Third Amendment Effective Date in the original principal amount of $3,184,599, which is comprised of an advance of $3,100,000 to the Borrowers on or about February 27, 2013, plus accrued but unpaid interest thereon in the amount of $84,599 (the “February 2013 Special Advance”) and (iii) the portion of the Revolving Notes issued on the Fourth Amendment Effective Date in the original principal amount of $2,000,000 (the “April 2013 Special Advance”).

Special Advances. Credit we may extend to you in the form of Promotional Balance Transfers or Promotional Checks.

Special Advances means any Advances made during the Temporary Increase Period that would cause the outstanding Obligations to exceed Thirty Million Dollars ($30,000,000).”

Special Advances means advances made by Lender after the occurrence and during the continuation of a Default or Event of Default, provided, however, that both before and after making any Special Advances, (1) the aggregate amount of amount of Special Advances shall not exceed $7,000,000 and (2) the Borrowers shall have Availability of at least $3,000,000.

Special Advances means the Loans made under the Special Advance Facility.

Special Advances means Advances made in excess of availability determined by the sum of the amounts derived from Sections 2.1(a)(y)(i) plus (ii) plus (iii) minus (vi) hereof, not to exceed at any time the Special Advance Amount.

Special Advances means the portion of the Revolving Loans that exceed $60,000,000 and/or are attributable to advances against clauses (iv) and/or (v) of Section 1.2 of the Schedule to the Agreement. For purposes hereof, Revolving Loans shall be deemed made first, against clauses (i), (ii) and (iii) of Section 1.2 of the Schedule and then against clauses (iv) and (v), and payments shall be deemed to be made first against Special Advances and then against the other Revolving Loans.