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.
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.
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.
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.