Overline Facility definition

Overline Facility means the Promissory Note dated May 4, 1999 between Pillowtex and Bank of America, as subsequently modified, amended or supplemented, together with all instruments and agreements related thereto.
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Overline Facility means the $35,000,000 loan made to the Borrower by Bank of America, N.A., as evidenced by that certain Promissory Note dated as of May 4, 1999, made by the Borrower payable to the order of Bank of America, N.A., as the same has been and may in the future be amended. (b) Section 2.3(a)(ii) is entirely amended to read as follows:
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Overline Facility means the $10,000,000 temporary working capital loan extended by the Working Capital Lender to Advocat.
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Examples of Overline Facility in a sentence

  • As a condition precedent to the effectiveness of any Overline Facility Increase, Seller shall deposit into the Pledged Account good funds in such amount required in order to maintain therein the Minimum Pledged Balance set forth in the related Overline Confirmation.

  • Each Overline Confirmation shall set forth the terms on which Bank agrees to temporarily increase the Maximum Participation Amount, including: (a) the amount to which the Maximum Participation Amount will be temporarily increased; (b) the date on which such temporary increase in the Maximum Participation Amount shall commence and terminate (the “Overline Period”); and (c) the amount to which the Minimum Pledged Balance shall be increased in connection with such Overline Facility Increase.

  • Class 6 (Unsecured Claims): Overline Facility Claims, Aircraft Lease Claims, Old Senior Subordinated Notes Claims, Old 6% Debenture Claims and Old 6% Debenture Promissory Note Claims against any Debtor and Unsecured Claims against any Debtor that are not otherwise classified under this Article II, including Trade Claims and Tort Claims.

  • Spousal Such consent will not be required if it is established to the satisfaction of the Plan Administrator WSU Human Resource Services that there is no spouse or that the spouse or domestic partner cannot be located.6.2. 67.2 Death Benefits.

  • Each Overline Confirmation shall set forth the terms on which Bank agrees to temporarily increase the Maximum Participation Amount, including: (a) the amount to which the Maximum Participation Amount will be temporarily increased; (b) the date on which such temporary increase in the Maximum Participation Amount shall commence and terminate (the "Overline Period"); and (c) the amount to which the Minimum Pledged Balance shall be increased in connection with such Overline Facility Increase.

  • Ultimately, one could wonder if crowdfunding can really represent a valid fundraising tool able to supplant the traditional channel in some respects.

  • During the Waiver Period, the Borrower shall not ----------------- make any payments or prepayments of principal owing under the Overline Facility.

  • Borrower has no outstanding Indebtedness, secured or unsecured, direct or contingent (including any guaranties), other than (a) the Loan, (b) the Related Loan, (c) the Working Capital Loan, (d) the Overline Facility and (e) indebtedness which represents trade payables or accrued expenses incurred in the ordinary course of business of owning and operating the Property; no other debt will be secured (senior, subordinate or pari passu) by the Property.

  • Upon Seller's request from time to time, Bank may, in its sole and absolute discretion, elect to temporarily increase the amount of the Maximum Participation Amount (each, an "Overline Facility Increase") by providing written notice thereof to Seller (each, an "Overline Confirmation").

  • During the Waiver Period, the Borrower shall not make any payments or prepayments of principal owing under the Overline Facility.


More Definitions of Overline Facility

Overline Facility. Means any agreement to be entered into among Borrower, Operating Subsidiaries, the lenders named therein and Citicorp USA, Inc., as Administrative Agent, providing a working capital facility in the aggregate principal amount of up to $60,000,000, and all Guaranties and other documents related thereto, as such agreement, Guaranties and other documents may be amended, replaced, supplemented or otherwise modified from time to time.
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Overline Facility means an $8,000,000 revolving credit facility made available to the Borrower by certain Banks identified in Schedule B of the Fifth Amendment pursuant to which such Banks may make additional Loans and issue additional Syndicated Letters of Credit from time to time in an aggregate amount up to $8,000,000, subject to reduction as provided in Sections 2.07(f) and (g) hereof, in accordance with Articles II and III hereof, which shall constitute Loans and Syndicated Letters of Credit under the Credit Agreement for all purposes hereof; provided, that such additional Loans and Syndicated Letters of Credit made under the Overline Facility shall not be included in determining whether the Borrower has exceeded the Total Commitment.
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Overline Facility means $10,000,000, as that amount may be canceled or terminated under this agreement.
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Overline Facility as described in subsection 2.4.
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Overline Facility means an increase of the maximum borrowing under the Total Facility from $20,000,000 to $22,000,000.
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Related to Overline Facility

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Available Facility Amount is defined in Section 2.2(a).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Total Facility has the meaning specified in Section 1.1.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).