UK Protective Advance definition

UK Protective Advance has the meaning assigned to such term in Section 2.04(c).
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UK Protective Advance means a Protective Advance made to or for the account of the UK Borrower.
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UK Protective Advance has the meaning specified therefor in Section 2.3(d)(ii).
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Examples of UK Protective Advance in a sentence

  • Absent such revocation, Agent’s determination that funding of a UK Protective Advance is appropriate shall be conclusive.

  • At any time that there is sufficient UK Availability and the conditions precedent set forth in Section 4.02 have been satisfied, Chase Bank London may request the UK Revolving Lenders to make a UK Revolving Loan to repay a UK Protective Advance.

  • Unless otherwise agreed by Agent and Administrative Borrower, any U.K. Advance, U.K. Protective Advance, or U.K. Swing Loan requested by U.K. Borrower and made by Agent or the Lenders hereunder shall be made to the U.K. Designated Account.

  • On the Maturity Date, each U.K. Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Revolving Lender with a European Revolving Facility Commitment the then unpaid principal amount of each European Revolving Loan, U.K. Protective Advance or U.K. Overadvance, in each case, made to any U.K. Borrower.

  • No funding of a UK Protective Advance shall constitute a waiver by Agent or Lenders of any Event of Default relating thereto.

  • Unless otherwise agreed by Agent and U.K. Borrower, any U.K. Advance, U.K. Protective Advance, or U.K. Swing Loan requested by U.K. Borrower and made by Agent or the Lenders hereunder shall be made to the U.K. Designated Account.

  • Each Lender shall participate in each Domestic Protective Advance or UK Protective Advance, as applicable, on a Pro Rata basis.

  • In no event shall any Domestic Protective Advance be made that would cause the outstanding Domestic Revolver Loans and Domestic LC Obligations to exceed the aggregate Domestic Revolver Commitments and in no event shall any UK Protective Advance be made that would cause the outstanding UK Revolver Loans and UK LC Obligations to exceed the aggregate UK Revolver Commitments.


More Definitions of UK Protective Advance

UK Protective Advance has the meaning specified therefor in Section 2.3(d)(ii) of the Agreement.
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UK Protective Advance as defined in Section 2.1.6.
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UK Protective Advance is hereby amended by deleting the phrase “the UK Borrower” and replacing it with the phrase “a UK Co-Borrower”.
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Related to UK Protective Advance

  • Protective Advance has the meaning assigned to such term in Section 2.04.

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

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loans as defined in Section 2.4(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Revolving Advances means Advances made other than Letters of Credit.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.