Special Advances as defined in Section 2.2(e)(iii) .
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
The Special Advances shall be made without regard to recoverability, and shall not be reimbursable.
In no event shall the Indenture Trustee, as successor Servicer, be liable for the payment of the Special Advances.
Interest on Special Advances shall be payable at the Interest Rate then applicable to Prime Rate Loans.
The Total Credit Facility shall be automatically and permanently reduced, without notice, in an amount equal to the portion of any prepayment applied to reduce the Term Loan and the Special Advances.
Such notice of a Settlement Date shall include a summary statement of the amount of outstanding Advances, Swingline Loans and Special Advances under each Facility for the period since the prior Settlement Date.
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 shall have the meaning set forth in Section 2(b).
Special Advances means any Revolving Advances made pursuant to Section 2.1(c) hereof in excess of availability calculated under subsection 2.1(a) hereof excluding the amount calculated under Section 2.1(a)(y)(iv) hereof.
Special Advances means 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, together with the portion of the Revolving Notes issued after the First Amendment Effective Date in the original principal amount of $1,000,000 in the aggregate.
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 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.