Permitted Overadvance Amount means the amount requested by the Administrative Borrower in and approved by Lender, in written notice not to exceed $7,350,000 in the aggregate.
Permitted Overadvance Amount means a permitted overadvance amount determined by the Required Lenders from time to time in their sole discretion, provided that the consent of no fewer than three (3) of the Lenders (with each Lender and any such Lender’s Affiliates counting as a single Lender) shall be required to approve any such determination.
Permitted Overadvance Amount means the amount requested by the Administrative Borrower in and approved by Xxxxxx, in written notice not to exceed $7,350,000 in the aggregate.
Examples of Permitted Overadvance Amount in a sentence
The DIP Facility will be available for loans in an aggregate amount not to exceed the Maximum Revolver Amount of $27 million plus $3 million of Prepetition Advances, less the amount of Prepetition Advances and Pre-Petition Term Loans outstanding, provided however the Aggregate Maximum Loan Balance shall not exceed and shall be deemed to reduce to, the letter of (x) $30,000,000 and (y) the Borrowing Base plus the Permitted Overadvance Amount at such time.
The Borrower must make a mandatory prepayment if and to the extent, at any time: (i) the Revolver Usage exceeds (A) the Borrowing Base plus the Permitted Overadvance Amount or (B) the Maximum Revolver Amount less the outstanding amount of Advances (as defined in the Prepetition Credit Facility), plus up to $3 million in advances under the Prepetition Credit Facility at such time.
More Definitions of Permitted Overadvance Amount
Permitted Overadvance Amount means: (a) prior to March 1, 1997, ---------------------------- zero dollars; (b) during March, 1997, $1,000,000; (c) during April, 1997, $950,000; (d) during May, 1997, $900,000; (e) during June, 1997, $850,000; (f) during July, 1997, $800,000; (g) during August, 1997, $650,000; (h) during September, 1997, $300,000; (i) during October, 1997, $300,000; (j) during November, 1997, $300,000; (k) during the period commencing on December 1, 1997 and ending on January 30, 1998, $300,000; and (l) from and after January 31, 1998, zero dollars.
Permitted Overadvance Amount means (x) during the period commencing on February 18, 1999 and ending on March 1, 1999, One Hundred Thousand Dollars ($100,000), and (y) thereafter, $0.00.
Permitted Overadvance Amount means, as of any date of determination between April 1, 2001, and April 15, 2001, an amount that shall not exceed $500,000.
Permitted Overadvance Amount means: (a) prior to November 28, 1997, $2,500,000; (b) from November 28, 1997 through December 11, 1997, $2,000,000; (c) from December 12, 1997 through December 25, 1997, $1,750,000; (d) from December 26, 1997 through January 8, 1998, $1,000,000; and (e) from and after January 9, 1998, zero dollars; PROVIDED, HOWEVER, that, at any time prior to the date of any mandatory reduction in the Permitted Overadvance Amount as set forth above, Borrower may prepay all or part of the outstanding amount of any Overadvance and request a reduction in the Permitted Overadvance Amount in minimum increments of $50,000 without penalty.
Permitted Overadvance Amount means: (a) on and after the Ninth Amendment Closing Date and prior to December 29, 1999, $1,800,000 (of which $300,000 represents a ratable portion of the Permitted Overadvance Fee); (b) on and after December 29, 1999 and prior to January 5, 2000, $2,400,000 (of which $400,000 represents a ratable portion of the Permitted Overadvance Fee); (c) on and after January 5, 2000 and prior to January 19, 2000, $3,000,000 (of which $500,000 represents a ratable portion of the Permitted Overadvance Fee); (d) on and after January 19, 2000 and prior to February 2, 2000, $3,600,000 (of which $600,000 represents a ratable portion of the Permitted Overadvance Fee); (e) on and after February 2, 2000 and prior to February 16, 2000, $4,200,000 (of which $700,000 represents a ratable portion of the Permitted Overadvance Fee); (f) on and after February 16, 2000 and prior to June 30, 1999, $4,800,000 (of which $800,000 represents a ratable portion of the Permitted Overadvance Fee); and (f) on and after July 1, 2000, zero dollars; provided, however, that, at any time prior to the date of the mandatory reduction in the Permitted Overadvance Amount as set forth above, Borrower may prepay all or part of the outstanding amount of any Overadvance without penalty (except as otherwise provided in Section 2.10(f) with respect to the Permitted Overadvance Fee), and on and after the date of any such prepayment, the Permitted Overadvance Amount shall be permanently reduced by an amount equal to any such prepayment amount.
Permitted Overadvance Amount means, as of any date, the amount for such date shown on the Twelfth Amendment Overadvance Covenant Spreadsheet.
Permitted Overadvance Amount means, as of any date of determination, an amount equal to: (1) during the lst day through the 16th day of any month, $500,000; (2) during the 17th day through the 22nd day of any month $-0- (the "Clean-Up Period"); and (3) during the 23rd day through the last day of any month, $500,000, PROVIDED, HOWEVER, that from and after the Permitted Overadvance Termination Date (as defined below), the Permitted Overadvance Amount shall at all times mean an amount equal to $-0-. As used herein, the term "Permitted Overadvance Amount Termination Date means first date, IF ever, that Borrower fails to comply with the Clean-Up Period.' Borrower hereby acknowledges that Silicon has applied the CD security to the amount of the outstanding Obligations.