Overadvances definition

Overadvances has the meaning set forth in Section 2.2(b).

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Overadvances has the meaning specified in Section 2.1.4(c).

Overadvances has the meaning assigned to such term in Section 2.05(b).

Examples of Overadvances in a sentence

• In addition, Overadvances may be made even if the condition precedent set forth in Section 4.02(c) has not been satisfied.

• Any such revocation must be in writing and shall become effective prospectively (and shall not apply to any Overadvances previously made) upon the Administrative Agent’s receipt thereof.

• This Section shall not apply to Swingline Borrowings, Overadvances or Protective Advances, which may not be converted or continued.

• No Overadvance shall cause any Revolving Lender’s Revolving Exposure to exceed its Revolving Commitment; provided that, the Required Lenders may at any time revoke the Administrative Agent’s authorization to make Overadvances.

• The authority of the Administrative Agent to make Overadvances is limited to an aggregate amount not to exceed 10% of the Aggregate Revolving Commitment at any time; provided that, the aggregate amount of Overadvances and Protective Advances shall not collectively exceed 10% of the Aggregate Revolving Commitment nor shall it result in the Aggregate Revolving Exposure exceeding the Aggregate Revolving Commitment.

More Definitions of Overadvances

Overadvances means, individually and collectively as the context may require, the U.S. Overadvances and the Canadian Overadvances.

Overadvances loans by the Lender to the Borrower in excess of those described in Section 2.1(a).

Overadvances shall have the meaning assigned to such term in Section 2.11(b).

Overadvances means Canadian Overadvances and Domestic Overadvances, collectively.

Overadvances means that, as of any date of determination, the Effective Amount of all Revolving Loans and L/C Obligations exceeds the Aggregate Commitment or the Borrowing Base.

Overadvances is defined in Section 2.2.2.

Overadvances means amounts of Credit Facility Usage in excess of the Borrowing Base, which amount on the Ninth Amendment Effective Date is $53,000,000.