Overadvance Availability definition

Overadvance Availability has the meaning specified in Section 3.03.
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Overadvance Availability means the Overadvance Availability, if any, set forth in the Contract Data Sheet by which Outstandings under the Revolving Loan may exceed the Borrowing Base and/or the Maximum Amount (as the case may be as set forth in the Contract Data Sheet) by the amounts set forth in the Contract Data Sheet during the period(s) set forth in the Contract Data Sheet;
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Overadvance Availability shall have the meaning set forth in Section 2(d)(iii) hereof.
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Examples of Overadvance Availability in a sentence

  • Borrower may borrow, prepay and reborrow Revolving Loans in accordance with the terms of this Agreement; provided, that for purposes hereof, and except as otherwise provided herein, payments will be deemed applied to the Revolving Loans advanced with respect to the Overadvance Availability only after such payments have been applied to the other Revolving Loans and any other Liabilities then due and owing and payable in accordance with the terms of this Agreement.

  • Subject to the other terms and conditions of this Agreement, the Temporary Overadvance Availability will be available until 5:00 p.m., Cincinnati, Ohio time on: (1) May 30, 2014, or (2) such later date as Bank may, in its sole discretion, designate to Borrowers in a writing signed by Bank after the Third Amendment Signature Date (the “Temporary Overadvance Termination Date”).

  • Since becoming a Master Mason in 1972, I have had the privilege of visiting MacArthur Lodge No. 183 in Seoul, Korea in 1972 and St. Alban’s Lodge No. 4 in London, U.K. in 1978 as well as many Lodges in the United States.

  • The Temporary Overadvance Availability will be added to the Borrowing Base as provided in the definition of Borrowing Base in Section 1.1. The Temporary Overadvance Availability will not exceed an amount, as at any time of determination, equal to: (a) the Temporary Advance Cap less (b) the sum of all outstanding amounts drawn (or deemed to be drawn) under the Temporary Overadvance Availability as of each date of drawing by any Borrower of the Temporary Overadvance Availability.

  • The Borrower agrees to pay to the Agent, for the ratable account of the Lenders, on the date that the Borrower executes Amendment No. 4 to this Agreement a fee of $25,000, and on the date that the Borrower's use of Availability based on the Winter 2001 Overadvance Availability exceeds $1,000,000, an additional fee of $25,000 (making for a total fee under such circumstances of $50,000), which fees shall be non-refundable and fully earned on each such payment date.

  • Topsoil containing rare plant populations will only be placed between August and November each year, after germination is complete.

  • Upon reduction of Letter of Credit Outstandings to an amount equal to the lesser of the then Aggregate Revolving Loan Commitment and the then current Borrowing Base plus the Overadvance Availability and if no Event of Default or Potential Default then exists, any such collateral held for reimbursement of Unpaid Drawings of Letters of Credit shall be released to Borrower.

  • 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.

  • The main use of this anal- ysis is to demonstrate how the sensitivity of the utility to the premium rate varies at different values of v.Table 1 provides an alternative presentation of this analysis.

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More Definitions of Overadvance Availability

Overadvance Availability means an amount equal to $1,000,000 in excess of the Formula Amount.
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Overadvance Availability means as of the date of determination, the aggregate principal amount of the Overadvance Advances available to be borrowed by the Borrowers hereunder at the time of determination in accordance with SECTION 2.3 which shall be equal to the remainder derived by subtracting the aggregate principal amount of the Overadvance Advances outstanding on such date from an amount equal to the lesser of (i) the Total Credit Facility, MINUS, the total principal amount outstanding as of the date of determination under the Revolving Credit Advances, the CAPEX Credit Advances, the Fixed Asset Advances, and the Letter of Credit Obligations and (ii) $2,000,000.
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Overadvance Availability means, prior to and on March 31, 1997, $5,000,000, and after March 31, 1997, $0, subject to reductions provided in Section 2.7 (c).
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Related to Overadvance Availability

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • 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.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

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

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

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • 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.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Canadian Availability means, as of any date of determination, the amount (if any) by which (a) Canadian Available Credit, exceeds (b) the sum of the aggregate Dollar Equivalent of (i) Revolver Credit Advances made to the Canadian Borrowers plus (ii) the Canadian Borrowers’ Letter of Credit Obligations (other than the Canadian Borrowers’ Letter of Credit Obligations cash collateralized in accordance with the terms of the Loan Documents).

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount or (ii) the Maximum Revolving Advance Amount, minus (b) the sum of (i) the outstanding amount of Advances plus (ii) all amounts due and owing to Borrower's trade creditors which are outstanding beyond normal trade terms, plus (iii) fees and expenses for which Borrower is liable but which have not been paid or charged to Borrower's Account.

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

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Overadvance has the meaning set forth in Section 2.5.

  • Availability Block means $15,000,000.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

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

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

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

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