PERMISSIBLE OVERLOANS. Revolving Credit Loans which are OverLoans, but as to which each of the following conditions is satisfied: (a) the Revolving Credit Ceiling is not exceeded; and (b) when aggregated with all other Permissible OverLoans, such Revolving Credit Loans do not aggregate more than ten percent (10%) of the aggregate of the Borrowing Base; and (c) such Revolving Credit Loans are made or undertaken in the Agent's discretion to protect and preserve the interests of the Revolving Credit Lenders.
PERMISSIBLE OVERLOANS. Defined in the Agency Agreement.
PERMISSIBLE OVERLOANS. Revolving Credit Loans which are OverLoans, but as to which each of the following conditions is satisfied: (a) the Revolving Credit Ceiling is not exceeded; and (b) when aggregated with all other Permissible OverLoans, such Revolving Credit Loans do not aggregate more than five percent (5%) of the aggregate of the Borrowing Base; (c) the Permissible OverLoans shall not remain outstanding for more than forty-five (45) consecutive days, and (d) such Revolving Credit Loans are made or undertaken in the Administrative Agent's discretion to protect and preserve the interests of the Revolving Credit Lenders.
More Definitions of PERMISSIBLE OVERLOANS
PERMISSIBLE OVERLOANS. Revolving Credit Loans which are Overloans, which aggregate no more than five (5%) of the Borrowing Base at any one time outstanding, where such loans (without duplication) are either (a) Protective Overloans or (b) made when Availability equals zero and are not extant for more than sixty (60) days during any 12 month period absent the consent of the Required Lenders.
PERMISSIBLE OVERLOANS means Revolving Credit Loans which are OverLoans, but as to which each of the following conditions is satisfied: (a) the aggregate amount of the Revolving Credit Commitments is not exceeded; (b) when aggregated with all other Permissible OverLoans, such Revolving Credit Loans do not aggregate more than five percent (5%) of the aggregate of the Borrowing Base; (c) the Permissible OverLoans shall not remain outstanding for more than forty-five (45) consecutive days; and (d) such Revolving Credit Loans are made or undertaken in the Agent's discretion to protect and preserve the interests of the Revolving Credit Lenders.
PERMISSIBLE OVERLOANS. Revolving Credit Loans which are OverLoans, but as to which each of the following conditions is satisfied: (a) the Revolving Credit Ceiling is not exceeded; and (b) when aggregated with all other Permissible OverLoans, such Revolving Credit Loans do not aggregate more than 10% of the aggregate of the Borrowing Base.
PERMISSIBLE OVERLOANS. Revolving Credit Loans hereunder which aggregate not more than 5% of the Tranche A Loan Ceiling in effect on the date of this Agreement, where such loans are either (a) Protective Advances or (b) made when Availability equals zero (0) and are not extant for more than sixty (60) days absent the consent of Super Majority Lenders pursuant to Section 16.3 hereof and of the Tranche B Lender pursuant to Section 16.6 hereof; PROVIDED HOWEVER, in no event shall the making of any Permissible Overloan cause the Tranche A Loan Ceiling to be exceeded.
PERMISSIBLE OVERLOANS. Tranche A Loans which are Overloans, which aggregate no more than Five Percent (5%) of the Borrowing Base at any one time outstanding, where such loans (without duplication) are either (a) Protective Advances or (b) made when Availability equals zero and are not extant for more than sixty (60) consecutive days during any 12 month period absent consent of the Combined SuperMajority Lenders Plus pursuant to Section 16.5, hereof; provided however,
PERMISSIBLE OVERLOANS. Revolving Credit Loans which aggregate not more than 5% of the aggregate of the Shoe Division Borrowing Base PLUS the Apparel Division Borrowing Base, where such loans are both (a) Protective Overadvances and (b) are made at a time when there is no availability for loans, advances, or financial accommodations under the Shoe Division Borrowing Base or the Apparel Division Borrowing Base and/or when Overall Availability equals zero.
PERMISSIBLE OVERLOANS. Receivables Advance Rate", "Tranche A Ceiling", "Tranche A Dollar Commitment" and "Tranche A Maturity Date", and inserting the following in lieu thereof: