Overadvance definition
Overadvance has the meaning set forth in Section 2.5.
Overadvance is defined in Section 2.2.
Overadvance has the meaning assigned to such term in Section 2.05(b).
Examples of Overadvance in a sentence
Subject to the terms and conditions of this Agreement, from the date on which this Agreement becomes effective until the Maturity Date, Lender will make Advances to Borrower not exceeding the Credit Limit (subject at all times to the Domestic Credit Limit) or the Borrowing Base (subject at all times to the Domestic Borrowing Base), whichever is less; provided that in no event shall Lender be obligated to make any Advance that results in an Overadvance or while any Overadvance is outstanding.
More Definitions of Overadvance
Overadvance means, as of any date of determination, that the Revolver Usage is greater than any of the limitations set forth in Section 2.1 or Section 2.11 of this Agreement.
Overadvance has the meaning ascribed to it in Section 1.1(a)(iii).
Overadvance means a Credit Extension to the extent that, immediately after its having been made, Availability is less than zero.
Overadvance has the meaning specified therefor in Section 2.5 of the Agreement.
Overadvance means a Credit Extension to the extent that, immediately after its having been made, Excess Availability is less than zero.
Overadvance is defined in Section 2.4.
Overadvance means either a Canadian Overadvance or a Domestic Overadvance.