Estimated Amount (Overage) definition

Estimated Amount (Overage) means, for any Accrual Period, an amount, if positive, equal to (x) the aggregate amount of all interest calculated at the Estimated Rate and actually paid for each prior Estimation Period, over (y) the aggregate amount of all interest calculated in accordance with the Loan Agreement (without regard to any Estimated Rate calculation) for all Advances for the immediately preceding Estimation Period. The Administrative Agent shall notify Borrower not less than three (3) days prior to the Estimation Period of the applicable Estimated Amount (Overage), which determination shall be binding on Borrower, absent manifest error.
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Related to Estimated Amount (Overage)

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.