Seasonal Overadvance (Type A) Period definition

Seasonal Overadvance (Type A) Period means: (i) during 2015, the period beginning on the first day of the fiscal month commencing on or about February 1, 2015, and concluding on the last day of the fiscal month ending on or about June 30, 2015, and (ii) during any other calendar year, the period beginning on the first day of the fiscal month commencing on or about February 1 of such year and concluding on the last day of the fiscal month ending on or about May 31 of such year. "Seasonal Overadvance (Alternate Type B) Period" means the period beginning on January 26, 2015 and concluding on May 31, 2015.
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Examples of Seasonal Overadvance (Type A) Period in a sentence

  • If, during Fiscal Year 2014, a Seasonal Overadvance (Type A) Period is not then in effect and the Seasonal Overadvance (Type A) Conditions have not been satisfied, upon the commencement of and during a Financial Covenant Testing Period, the Fixed Charge Coverage Ratio shall not be tested and Euramax and its Subsidiaries shall be required to comply with Section 6.8(b) below.

Related to Seasonal Overadvance (Type A) Period

  • 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).

  • 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.

  • Overadvance has the meaning set forth in Section 2.5.

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

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Service credit month means a full service credit month or an

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

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

  • 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.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

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

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

  • Permitted Overadvance means an Overadvance made by the Agent, in its discretion, which:

  • Service credit year means an accumulation of months of

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • 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.

  • Availability Block means $15,000,000.

  • 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 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.

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

  • Maximum horizontal acceleration in lithified earth material means the maximum expected horizontal acceleration depicted on a seismic hazard map, with a 90 percent or greater probability that the acceleration will not be exceeded in 250 years, or the maximum expected horizontal acceleration based on a site-specific seismic risk assessment.

  • Equipment Advance is defined in Section 2.1.1.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.