Definition of Temporary Advance Cap

  1. Temporary Advance Cap means an aggregate amount equal to $1,000,000.

Examples of Temporary Advance Cap in a sentence

  1. As of the Temporary Overadvance Termination Date, the entire unpaid principal balance of, and all accrued interest on, that portion of the Revolving Loans attributable to the Temporary Overadvance Availability, if not sooner repaid, will be due and payable in full and the Temporary Advance Cap will be equal to zero (0) Dollars; and, for purposes of this Agreement, the other Loan Documents and availability under the Borrowing Base, the Temporary Overadvance Availability will be terminated.

Definition of Temporary Advance Cap in Amendment to Loan Agreement

Temporary Advance Cap means an aggregate amount equal to $1,000,000.