Applicable Seasonal Overadvance Amount definition

Applicable Seasonal Overadvance Amount means, (a) on any date during a Seasonal Overadvance Period, (i) if the Seasonal Overadvance (Type A) Amount is greater than $0, the Seasonal Overadvance (Type A) Amount, (ii) if the Seasonal Overadvance (Type A) Amount is equal to $0 but the Seasonal Overadvance (Type B) Amount is greater than $0, the Seasonal Overadvance (Type B) Amount, (iii) if the Seasonal Overadvance (Type A) Amount and the Seasonal Overadvance (Type B) Amount are both equal to $0 but the Seasonal Overadvance (Type C) Amount is greater than $0, the Seasonal Overadvance (Type C) Amount, and (b) on any date that is not during a Seasonal Overadvance Period, or as of which the Seasonal Overadvance (Type A) Amount, Seasonal Overadvance (Type B) Amount and Seasonal Overadvance (Type C) Amount are all equal to $0, an amount equal to $0; provided, that, notwithstanding anything to the contrary contained in this Agreement, Borrower Agent may periodically reduce the Seasonal Overadvance (Type A) Amount, the Seasonal Overadvance (Type B) Amount, the Seasonal Overadvance (Type C) Amount, or any of them, to $0 by expressly requesting such a reduction in writing, and any such amount shall remain equal to $0 until Borrower Agent has delivered a new Seasonal Overadvance Notice to Agent.
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Related to Applicable Seasonal Overadvance Amount

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Permitted Amount means, on any date, an amount equal to 3.5 times Adjusted EBITDA as of the most recent fiscal quarter for which financial statements of the Company are internally available immediately preceding such date.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Overadvance has the meaning set forth in Section 2.5.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Borrowing Base Amount means:

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Unintentional Overadvance means an Overadvance which, to the Agent’s knowledge, did not constitute an Overadvance when made but which has become an Overadvance resulting from changed circumstances beyond the control of the Credit Parties, including, without limitation, a reduction in the Appraised Value of property or assets included in the Borrowing Base or misrepresentation by the Loan Parties.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.