BSI Acquisition Overadvance Amount definition

BSI Acquisition Overadvance Amount means an amount to be added to the Borrowing Base upon the following terms and conditions: (i) such amount shall be added to the Borrowing Base during the period commencing on the Third Amendment Effective Date through and continuing through and including August 31, 2008; (ii) the initial amount added shall be Two Million Four Hundred Thousand Dollars ($2,400,000.00), and shall be reduced each month by the sum of One Hundred Fifty Thousand Dollars ($150,000.00), commencing on June 1, 2007, and continuing on the first (1st) day of each successive month; and (iii) on September 1, 2008 such amount shall be reduced to Zero Dollars ($0).
Sample 1

Examples of BSI Acquisition Overadvance Amount in a sentence

  • CIT shall have received payment of the first installment of a fully earned and non-refundable fee in consideration for CIT’s making the BSI Acquisition Overadvance Amount available to the Company, which fee shall equal One Hundred Twenty Thousand Dollars ($120,000.00) and which, as an accommodation to the Company, shall be paid in three (3) equal installments of Forty Thousand Dollars ($40,000.00) each.

Related to BSI Acquisition Overadvance Amount

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

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • 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).

  • 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 Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • 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.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

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

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

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

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

  • 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.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • 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.

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

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • 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.

  • 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.

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

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).