Special Advances definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Special Advances has the meaning specified therefor 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

• In no event shall the Indenture Trustee, as successor Servicer, be liable for the payment of the Special Advances.

• The Special Advances shall be made without regard to recoverability, and shall not be reimbursable.

• Interest on Special Advances shall be payable at the Interest Rate then applicable to Prime Rate Loans.

• During the period between Settlement Dates, the Swingline Lender with respect to U.S. Swingline Loans, the Administrative Agent with respect to Special Advances, and each Lender with respect to the Advances other than U.S. Swingline Loans and Special Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by the Swingline Lender, the Administrative Agent, or the Lenders, as applicable.

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

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 and (iii) 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”).

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

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

Special Advances means Revolving Advances in excess of the sum of the amounts derived from Sections 2.1(a)(y)(i) plus (ii) plus (iii), but shall not exceed from time to time in the aggregate an amount equal to (x) from the Amendment No. 2 Effective Date until the Special Advance Termination Date, the Maximum Special Advance Amount and (y) at all other times, $0.

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.

Special Advances means advances by Purchaser, in Purchaser’s sole discretion, to Seller in excess of the Down Payment.

Special Advances shall have the meaning set forth in Section 2(b).