Initial Overadvance definition

Initial Overadvance has the meaning ascribed thereto in Section 2.1 of this Agreement.
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Initial Overadvance has the meaning set forth in clause (i) of Article 2C hereof.
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Initial Overadvance or “Initial Overadvances” shall have the meaning given such term in Section 2.1.
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Examples of Initial Overadvance in a sentence

  • Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances, including the Initial Overadvance, shall bear interest at an annual rate equal to two percent (2%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.

  • Borrowers have requested that Lender (a) provide a term loan in an original principal amount of $500,000 to refinance the Initial Overadvance and (b) amend certain terms and provisions of the Loan Agreement.

  • Pursuant to the Escrow Agreement, on the Closing Date, Laurus will deliver to the Company an overadvance set forth in the Disbursement Letter by certified funds or wire transfer in a principal amount not to exceed US$1,056,767.61 (the "Initial Overadvance").

  • After any permanent reduction of the Overadvance Availability pursuant to this Section 2(d), the Borrower may replace the then outstanding Overadvance Letter of Credit (the “Initial Overadvance Letter of Credit”) with a replacement letter of credit, in form and substance satisfactory to Agent, in an outstanding amount equal to the value of the Initial Overadvance Letter of Credit minus the amount of such permanent reduction.

  • Some students, for financial reasons, could not pay attention in the class.

  • Office of Military Government for Germany: Records of the Information Control Division, Box 175.


More Definitions of Initial Overadvance

Initial Overadvance shall have the meaning ascribed to such term in Section 2.1.1 hereof.
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Related to Initial Overadvance

  • Permitted Overadvance means an Overadvance made by the Agent, in its discretion, which:

  • Overadvance has the meaning set forth in Section 2.5.

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

  • Unintentional Overadvance means an Overadvance which, to the Administrative 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.

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

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

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

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

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

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

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

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • 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 Loan Commitment Termination Date means the earliest of

  • 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.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

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

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • 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.

  • Equipment Advance is defined in Section 2.1.1.