Overadvance Facility definition

Overadvance Facility has the meaning ascribed thereto in the Forbearance Agreement;
Overadvance Facility shall have the meaning given such term in the Preamble hereof.
Overadvance Facility means the Revolving Loans then outstanding in an amount not to exceed the Overadvance Amount from May __, 1999 until the Overadvance Facility Termination Date.

Examples of Overadvance Facility in a sentence

  • Instead of further research on fair allocation of taxing rights, emphasis should be placed upon finding a proper technical basis from which certain and enforceable rules might be deducted.

  • Some lessees have two separate leases with the second one backdated to the original lease.

  • The Company covenants that it will not, nor will it permit any Subsidiary to, incur, create, assume or otherwise become liable with respect to any Indebtedness other than Indebtedness contemplated by the Plan (including Indebtedness incurred pursuant to the DIP Financing and Overadvance Facility, as defined in the Plan).

  • Any remaining obligations under the DIP Financing and Overadvance Facility shall be paid from the B Piece Distributions after application of the B Piece Distributions to the remaining balance on the Secured Claim Recovery Amount but before payment of the Modified UDC Fee or distributions under the Excess Collections Contribution Agreement, plus Excess Greenwich Collections and net proceeds from sales of FMAC's furniture, fixtures and equipment not otherwise acquired by UDC on the Effective Date.

  • Subject to the terms and conditions of this Agreement, in addition to the Advances to be made pursuant to Section 2.1(a), above, the Lenders listed on Schedule 2.1(b) hereto agree to make Advances (based on the percentages for each Lender listed on Schedule 2.1(b)), to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the Overadvance Amount less the aggregate amount of all Advances outstanding under the Temporary Overadvance Facility.


More Definitions of Overadvance Facility

Overadvance Facility means the credit facility for Overadvance Advances described in SECTION 2.3 up to an aggregate principal amount of any one time outstanding not to exceed the principal sum of $2,000,000.
Overadvance Facility means: (a) the sum of $4,500,000 for the period commencing on February 8, 2016 and ending February 14, 2016; (b) the sum of $2,500,000 for the period commencing February 15, 2016 and ending February 21, 2016; and (c) the sum of $2,000,000 for the period commencing February 22, 2016 and ending March 1, 2016.
Overadvance Facility shall have the meaning ascribed to such term in SECTION 2.6 hereof.
Overadvance Facility shall have the meaning set forth in Section 3.4.
Overadvance Facility means the Loans made under SECTION 2.2(b) of the Loan Agreement."
Overadvance Facility. That component of Borrowing Base, available (if at all) only where "Availability" otherwise would be zero, and consisting of the Cost of Eligible Inventory (net of Inventory Reserves and exclusive of Eligible In-Transit Inventory and Eligible L/C Inventory) multiplied by the OverAdvance Rate.
Overadvance Facility means an additional advance facility under the Revolving Loan which will allow Borrowers to obtain revolving advances in an amount up to ($5,000,000) in excess of the revolving advance rate percentages based on the Eligible Accounts and Eligible Inventory under Section 2.1 of the Loan Agreement.