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.