Seasonal Overadvance Amount definition

Seasonal Overadvance Amount means during the Seasonal Overadvance Period the amount set forth below opposite the period corresponding thereto: April 1, 2004-April 30, 2004 $ 300,000 May 1, 2004 – May 31, 2004 $ 600,000 June 1, 2004 – June 30, 2004 $ 1,000,000 July 1, 2004 – July 31, 2004 $ 700,000 August 1, 2004 – August 31, 2004 $ 725,000 September 1, 2004 – September 30, 2004 $ 850,000 October 1, 2004 – October 31, 2004 $ 250,000
Sample 1
Seasonal Overadvance Amount means, (a) on any date during a Seasonal Overadvance Period, an amount equal to $15,000,000, and (b) on any date that is not during a Seasonal Overadvance Period, an amount equal to $0.
Sample 1Sample 2
Seasonal Overadvance Amount means (a) during January 28 through May 31 of calendar year 2001, $15,000,000, (b) during June 1 through June 30 of calendar year 2001, $7,500,000, (c) during January 28 through May 31 of calendar year 2002, $12,000,000, (d) during June 1 through June 30 of calendar year 2002, $6,000,000, (e) during January 28 through May 31 of calendar year 2003, $6,000,000, (f) during June 1 through June 30 of calendar year 2003, $3,000,000 and (g) at all other times, $0.
Sample 1

Examples of Seasonal Overadvance Amount in a sentence

  • On the date that Agent receives a Seasonal Overadvance Notice from Euramax, and concurrently with the delivery of such Seasonal Overadvance Notice and Agent’s acceptance of the same (and the inclusion of the Seasonal Overadvance Amount in the Borrowing Base), Borrowers shall be jointly and severally obligated to pay to Agent, for the Pro Rata benefit of Lenders, an activation fee in the amount of 0.20% of the Seasonal Overadvance Amount (such fee is referred to herein as the “Seasonal Overadvance Fee”).

  • On the date that Agent receives a Seasonal Overadvance Notice from Euramax, and concurrently with the delivery of such Seasonal Overadvance Notice and Agent's acceptance of the same (and the inclusion of the Seasonal Overadvance Amount in the Borrowing Base), Borrowers shall be jointly and severally obligated to pay to Agent, for the Pro Rata benefit of Lenders, an activation fee in the amount of 0.20% of the Seasonal Overadvance Amount (such fee is referred to herein as the "Seasonal Overadvance Fee").

  • An anniversary fee equal to 0.125% of the Maximum Amount (without giving effect to the Seasonal Overadvance Amount), which fee shall be due and payable in full on each October 31, commencing October 31, 2007 through and including October 31, 2010; provided, however, the Agreement has not previously been terminated.

  • Subject to the terms and conditions of this Agreement, in addition to the Revolving Advances to be made pursuant to Section 2.1(a), above, the Lenders agree to make advances (“Seasonal Advances”) (on a pro rata basis in accordance with Schedule C-1), to the Borrowers in an amount at any one time outstanding not to exceed an amount equal to the Seasonal Overadvance Amount less the aggregate amount of all Seasonal Advances outstanding under the Seasonal Overadvance Facility.


More Definitions of Seasonal Overadvance Amount

Seasonal Overadvance Amount means up to $20,000,000.00 at any one time outstanding.
Sample 1
Seasonal Overadvance Amount means, for the Seasonal Overadvance Period, ONE MILLION DOLLARS ($1,000,000.00).
Sample 1
Seasonal Overadvance Amount means $1,250,000 during the Seasonal Overadvance Period and $0 at all other times.
Sample 1
Seasonal Overadvance Amount means, (a) on any date during a Seasonal Overadvance Period, an amount equal to $15,000,000, (b) on any date during the 2013 Seasonal Overadvance Period, an amount equal to $8,000,000, (c) on any date that is not during a Seasonal Overadvance Period, an amount equal to $0, and (d) at all times following Agent's receipt of a Compliance Certificate described in clause (b) of the definition of 2013 Seasonal Overadvance Conditions demonstrating that Borrowers' consolidated 2013 Seasonal Overadvance Fixed Charge Coverage Ratio for the applicable immediately preceding twelve-month period is less than 1.00 to 1.00, an amount equal to $0.
Sample 1
Seasonal Overadvance Amount means (i) at any time during a Seasonal Overadvance Period, an amount equal to the sum of (a) 7.5% of the Net Orderly Liquidation Value of the Borrowers’ Eligible Inventory at such time, plus (b) 10% of the Borrowers’ Eligible Credit Card Receivables at such time, plus (c) 10% of the Borrowers’ Eligible Partner Receivables at such time and (ii) at all other times, $0.
Sample 1

Related to Seasonal Overadvance Amount

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Overadvance has the meaning set forth in Section 2.5.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Unintentional Overadvance means an Overadvance which, to the Administrative Agent’s knowledge, did not constitute an Overadvance when made but which has become an Overadvance resulting from changed circumstances beyond the control of the Credit Parties, including, without limitation, a reduction in the Appraised Value of property or assets included in the Borrowing Base or misrepresentation by the Loan Parties.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Maximum Credit means the amount of $25,000,000.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).