Overadvance Period definition

Overadvance Period means a period of up to twenty-eight (28) consecutive calendar days following the making of an Overadvance under Section 2.1(c) hereof.

Overadvance Period means the period commencing on the Closing Date and ending on the earlier of (i) November 30, 2002, or (ii) the date selected by the Borrower in accordance with the provisions of Section 2.5(c) hereof.

Overadvance Period means the period from and including the Ninth Amendment Effective Date to and including November 1, 2016.

Examples of Overadvance Period in a sentence

• At the request of Agent or Requisite Lenders, for so long as there are Working Capital Obligations outstanding during a Seasonal Overadvance Period, by 5:00 p.m. on the first Thursday of each month, Euramax shall deliver to Agent and each Lender a 13-week rolling cash flow forecast in form and substance satisfactory to Agent.

• The Revolving Credit Commitments and/or Overadvance Period, as applicable, once terminated may not be reinstated and any amount of the Revolving Credit Commitments that has been reduced may not be reinstated.

• During a Permitted Overadvance Period, and absent an Event of Default, the Administrative Agent shall make Advances up to the Permitted Overadvance Amount (which amount shall be included in the Borrowing Base and deemed to be the first Revolving Loans made and outstanding during the Permitted Overadvance Period).

• At the request of Agent or Requisite Lenders, for so long as there are Working Capital Obligations outstanding during a Seasonal Overadvance Period or during the 2013 Seasonal Overadvance Period, by 5:00 p.m. on the first Thursday of each month, Euramax shall deliver to Agent and each Lender a 13-week rolling cash flow forecast in form and substance satisfactory to Agent.

• During the Overadvance Period, at the time of each determination of the Borrowing Base under Section 2.16 (b) or (c), Administrative Agent and Required Lenders shall determine the Overadvance Amount in their discretion.

More Definitions of Overadvance Period

Overadvance Period means the period from June 30, 2004 through and including March 31, 2005.

Overadvance Period set forth in Section 1.1 of the Agreement are hereby deleted.

Overadvance Period means each period of no more than 60 days during which Overadvances are outstanding. Within the limits of the Borrowing Capacity, and subject to the limitations set forth in this Agreement, Borrower may borrow, repay and reborrow Advances.”

Overadvance Period means the period from the Closing Date to the earlier of (i) April 23, 2008 or (ii) the date that the Overadvance Amount has been reduced to zero pursuant to Section 2.05.

Overadvance Period shall require the written consent of all Lenders. (d) In the event that the Borrowing Base is subject to a reduction under Section 2.9 during the Overadvance Period in connection with (i) any disposition to a third party of Oil and Gas Properties of Borrower other than the Hugoton Basin Divestiture, the Borrowing Base value of which exceeds five percent (5%) of the then current Borrowing Base, or (ii) any Liquidation of a Hedging Contract (other than the Hedge Close-outs) which would have the effect of reducing the Borrowing Base by an amount in excess of five percent (5%) of the then current Borrowing Base, such reduction shall be made to the Conforming Borrowing Base, and Required Lenders may reduce the Non-Conforming Borrowing Base on the same effective date as the reduction in the Conforming Borrowing Base to reflect the impact upon the Non-Conforming Borrowing Base that they attribute in their sole discretion to such disposition of Oil and Gas Properties or Liquidation of a Hedging ContractBorrowing Base, and the Borrower shall immediately upon receipt of such proceeds make a mandatory prepayment of the Overadvances equal to such amount.

Overadvance Period means the period from April 1, 1998 through the date of effectiveness of the Fifth Amendment, dated as of March 11, 1999, to this Agreement.

Overadvance Period means the period commencing on August 1, 1998 and ending on September 30, 1998.”