Overadvance Amount definition
Overadvance Amount has the meaning specified therefor in Section 2.4(f).
Overadvance Amount has the meaning specified in Section 2.5(b).
Overadvance Amount in Section 6.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:
Examples of Overadvance Amount in a sentence
Lender shall not be obligated to provide any Revolving Loans 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 Maximum Revolver Amount, Borrowers shall maintain Letter of Credit Collateralization of the outstanding Letter of Credit Usage.
More Definitions of Overadvance Amount
Overadvance Amount has the meaning specified therefor in Section 2.9(c) hereof.
Overadvance Amount has the meaning set forth in Section 1.1(j).
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 at any time the amount by which ABL Facility Credit Exposure exceeds Available Credit.
Overadvance Amount means (i) $360,000,000 during any fiscal quarter on or prior to September 30, 1999, and (ii) $370,000,000 during the fourth fiscal quarter ending on December 31,1999 and thereafter.
Overadvance Amount means $2,000,000, less $83,300 on the fifteenth (15th) day of each month commencing with July 15, 2007 but reducing to $0 upon the end of the Term.
Overadvance Amount means, as of the Tenth Amendment Effective Date, $75,000,000; provided, that, unless waived or extended by the Required Agreement Lenders, such Overadvance Amount shall be reduced in monthly installments on each of the dates set forth below in the amounts set forth below such that the remaining Overadvance Amount is set forth opposite the applicable reduction date set below: December 31, 2008 $2,572,707 $72,427,293 January 31, 2009 $2,572,707 $69,854,586 February 28, 2009 $3,859,060 $65,995,526 March 31, 2009 $3,859,060 $62,136,466 Conversion Date $62,136,466 $0 provided further, that the Overadvance Amount shall be further reduced on the date of delivery of the certificate delivered pursuant to Section 8.10(f)(i)(J) by an amount equal to the difference (based on the Dollar Amount) between (a) C$70,000,000 less (b) the Permitted Secured Indebtedness (it being understood and agreed that such reduction shall be applied to reduce the remaining scheduled reductions of the Overadvance Amount set forth above in inverse order of such remaining scheduled reductions).