OverLoan definition
OverLoan. A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, immediately after its having been made, Availability is less than zero.
OverLoan. A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, at the time it is made, it exceeds Availability immediately prior to the making of such loan, advance, or providing of credit support.
OverLoan. A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, at the time it is made, (a) it is in excess of the Borrowing Base or (b) exceeds Availability immediately prior to the making of such loan, advance, or providing of credit support.
More Definitions of OverLoan
OverLoan has the meaning set forth in Section 2.3.
OverLoan. A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, immediately after its having been made, DSW Availability is less than zero.
OverLoan. A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, immediately after its having been made, Availability, Filene's Availability or VC Availability, as applicable, is less than zero.
OverLoan as defined in the Agency Agreement.
OverLoan. A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, immediately after its having been made, Availability, DSW/Shonac Availability, Filene's Availability or VC Availability, as applicable, is less than zero.