UK Protective Advances definition

UK Protective Advances as defined in Section 2.1.6.
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UK Protective Advances as defined in Section 2.1.7(b). UK Required Lenders: one or more UK Secured Parties holding more than 50% of (a) the aggregate outstanding UK Revolver Commitments; or (b) following termination of the UK Revolver Commitments, the aggregate outstanding UK Revolver Loans and LC Obligations of UK Borrowers or, if all Revolver Loans and LC Obligations have been paid in full, the aggregate remaining Obligations; provided, however, that Revolver Commitments, Revolver Loans and other Obligations held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation, but any related Fronting Exposure shall be deemed held as a Revolver Loan or LC Obligation by the Secured Party that funded the applicable Revolver Loan or issued the applicable Letter of Credit.
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UK Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.
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Examples of UK Protective Advances in a sentence

  • Lenders shall participate on a Pro Rata basis in UK Protective Advances outstanding from time to time.

  • US Protective Advances or UK Protective Advances, as the context requires.

  • US Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under clause (a) by written notice to Agent.

  • UK Protective Advances may be made even if the conditions precedent set forth in Section 4.02 have not been satisfied.

  • The UK Protective Advances shall be secured by the Liens in favor of the UK Collateral Agent in and to the Collateral owned by the UK Loan Parties and shall constitute UK Secured Obligations hereunder.

  • Chase Bank London’s authorization to make UK Protective Advances may be revoked at any time by the Supermajority Revolving Lenders.

  • UK Protective Advances may be made in Dollars, British Pounds Sterling or Euros and shall be UK Base Rate Borrowings.

  • The Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under clause (a) by written notice to Agent.

  • Agent shall record on its books the principal amount of the U.K. Advances owing to each Lender, including the U.K. Swing Loans owing to U.K. Swing Lender, and U.K. Protective Advances owing to Agent, and the interests therein of each Lender, from time to time and such records shall, absent manifest error, conclusively be presumed to be correct and accurate.

  • The UK Protective Advances shall constitute “Term Loans” for all purposes under the Loan Documents, shall constitute “Obligations” and shall be secured by the Collateral.


More Definitions of UK Protective Advances

UK Protective Advances as defined in Section 2.1.8(b). UK Required Lenders: one or more UK Secured Parties holding more than 50% of the aggregate outstanding UK Term Loans; provided, however, that Term Loans held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation.
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UK Protective Advances as defined in Section 2.1.7(b). UK Required Lenders: UK Secured Parties holding more than 50% of (a) the aggregate outstanding UK Revolver Commitments; or (b) following termination of the UK Revolver Commitments, the aggregate outstanding UK Revolver Loans and LC Obligations of UK Borrowers or, if all Revolver Loans and LC Obligations have been paid in full, the aggregate remaining Obligations; provided, however, that Revolver Commitments, Revolver Loans and other Obligations held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation, but any related Fronting Exposure shall be deemed held as a Revolver Loan or LC Obligation by the Secured Party that funded the applicable Revolver Loan or issued the applicable Letter of Credit; and provided further, that so long as there are two or more unaffiliated UK Secured Parties (excluding Defaulting Lenders) holding UK Revolver Commitments, UK Required Lenders must include at least two such unaffiliated UK Secured Parties.
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UK Protective Advances as defined in Section 2.1.8(b). UK Required Lenders: one or more UK Secured Parties holding more than 50% of the aggregate outstanding UK Term Loans; provided, however, that Term Loans held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation. UK Non-Bank Lender: (i) each UK Lender on the Original Closing Date and (ii) with respect to a Lender that becomes a party hereto after the Original Closing Date, a Lender which gives a Tax Confirmation in the Assignment and Acceptance which it executes on becoming a party. UK Secured Parties: Agent, UK Lenders and any other holder of UK Obligations. UK Security Agreement: each debenture, deed of charge or other similar agreement, instrument or document governed by the laws of England and Wales now or hereafter securing (or given with the intent to secure) any Obligations.
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UK Protective Advances as defined in Section 2.1.8(b). UK Required Lenders: one or more UK Secured Parties holding more than 50% of the aggregate outstanding UK Term Loans; provided, however, that Term Loans held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation. UK Non-Bank Lender: (i) each UK Lender on the Original Closing Date and (ii) with respect to a Lender that becomes a party hereto after the Original Closing Date, a Lender which gives a Tax Confirmation in the Assignment and Acceptance which it executes on becoming a party. UK Secured Parties: Agent, UK Lenders and any other holder of UK Obligations.
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Related to UK Protective Advances

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

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

  • 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].

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

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

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

  • 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.

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

  • Swingline Loans as defined in Section 2.6.

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

  • 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).

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • 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.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

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

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • New Revolving Loans as defined in Section 2.25.

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