Overadvance Amount definition

Overadvance Amount has the meaning specified therefor in Section 2.4(f).
Overadvance Amount in Section 6.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:
Overadvance Amount has the meaning set forth in Section 1.1(j).

Examples of Overadvance Amount in a sentence

  • Lender shall not be obligated to provide any Advances during any period that an Overadvance Amount is outstanding.

  • If payment in full of the outstanding revolving loans is insufficient to eliminate the Overadvance Amount and Letter of Credit Usage continues to exceed the Borrowing Base, Borrowers shall maintain Letter of Credit Collateralization of the outstanding Letter of Credit Usage.

  • If payment in full of the outstanding revolving loans is insufficient to eliminate the Overadvance Amount and Letter of Credit Usage continues to exceed the Borrowing Base, Borrowers shall maintain Letter of Credit Collateralization of the outstanding Letter of Credit Usage sufficient to eliminate the Overadvance Amount.

  • If at any time, the aggregate principal amount of the Advances made hereunder exceeds the Maximum Amount (such overage, the “Overadvance Amount”), then the Borrower shall immediately, upon demand of the Agent (at the direction of the Required Lenders) pay the Obligations in an aggregate amount equal to the Overadvance Amount.

  • If payment in full of the outstanding revolving loans is insufficient to eliminate the Overadvance Amount and Letter of Credit Usage continues to exceed the Borrowing Base, Borrower shall maintain Letter of Credit Collateralization of the outstanding Letter of Credit Usage.


More Definitions of Overadvance Amount

Overadvance Amount means, as of the Eleventh Amendment Effective Date, $67,415,586; provided that such amount shall be reduced to $63,556,526 on the Reversion Date and will be further reduced in monthly installments on each of the dates set forth below in the amounts set forth below: Overadvance Amount Reduction Date Reduction Amount Remaining Overadvance Amount March 31, 2009 $ 3,859,060 $ 59,697,466 Conversion Date $ 59,697,466 $ 0 “Parent” means AbitibiBowater Inc., a Delaware corporation f/k/a Alpha-Bravo Holdings, Inc.
Overadvance Amount has the meaning specified in Section 2.5(b).
Overadvance Amount has the meaning specified therefor in Section 2.9(c) hereof.
Overadvance Amount means: (1) at any time from the Sixth Amendment Closing Date through April 1, 2009, the difference between (a) $3,500,000 and (b) the aggregate amount of proceeds received by a Borrower from Permitted Atchison Debt, Permitted Cray Debt and/or Permitted ENB Debt financings at such time; and (2) at any time after April 1, 2009, zero; provided, however, that in no event shall the Overadvance Amount be a negative number.
Overadvance Amount means, during any End of Month Period and Intramonth Period, the amounts set forth below as correspond to the End of Month Period and the Intramonth Period during the months set forth below: Overadvance Overadvance Month Amount during the Amount during the ----- End of Month Period Intramonth Period ------------------- ----------------- February 1999 $4,600,000 $9,000,000 March 1999 3,600,000 9,600,000 April 1999 3,000,000 8,600,000 May 1999 6,900,000 8,000,000 June 1999 6,600,000 11,900,000 July 1999 7,600,000 11,600,000 August 1999 6,900,000 12,600,000 September 1999 4,600,000 11,900,000 October 1999 2,900,000 9,600,000 November 1999 2,000,000 7,900,000 December 1999 3,600,000 7,000,000 January 2000 4,000,000 8,600,000 February 2000 4,600,000 9,000,000 March 2000 3,600,000 9,600,000 ; provided, however, that each of the foregoing amounts shall be reduced by the aggregate amount of cash proceeds received by the Parent and/or any of its Subsidiaries (i) as tax refunds (other than (i) the $1,537,000 tax refund received by the Borrowers in November 1998 and (ii) the $275,000 tax refund received by the Borrowers from the State of Virginia related to the 1997 tax year) and (ii) as proceeds (net of taxes due and any reasonable expenses of sale) from the sale or other disposition of any assets of the Parent and/or any of its Subsidiaries (other than the sale of the Lee County building and the Elkton County building and land and excluding sales of inventory in the ordinary course of business consistent with past practices and the potential sale of the Christiansburg, Virginia real property ). The foregoing shall not be deemed to be a consent by the Agent, the Administrative Agent or any Lender to any sale of assets.
Overadvance Amount means, as of any date of determination, an amount equal to the positive difference (if any) between (i) the Total Outstandings at such time multiplied by the then effective Advance Rate and (ii) the Total Outstandings at such time multiplied by the then Reference Advance Rate.
Overadvance Amount means, for the purposes of each calculation of the Borrowing Base, an amount equal to: (i) for the period from the First Amendment Effective Date to February 25, 2000, $25,000,000; (ii) for the period from February 26, 2000 to March 10, 2000, $26,000,000; (iii) for the period from March 11, 2000 to March 17, 2000, $25,000,000; (iv) for the period from March 18, 2000 to March 24, 2000, $24,000,000; and (v) from and after March 25, 2000, $23,000,000; provided, however, during any of the foregoing periods, the Overadvance Amount may be such higher amount, not to exceed $28,000,000, as all of the Secured Parties may agree upon in their sole and absolute discretion.