Temporary Over-advance Amount definition

Temporary Over-advance Amount means any RoadOne Overadvance (as defined in section 2 of the First Amendment) resulting from the calculation by Collateral Agent of an updated RoadOne Borrowing Base following the receipt and review by the Collateral Agent of new appraisals of RoadOne Fleet Vehicles, presently anticipated to be completed during September 2002 or shortly thereafter.
Sample 1

Examples of Temporary Over-advance Amount in a sentence

  • Effective as of the date hereof, and notwithstanding anything set forth in Section 1.2 of the Schedule to the Loan Agreement to the contrary, the Temporary Overadvance Amount, in addition to the Loans described in the Loan Agreement, shall be available to Borrower throughout the Overadvance Term.

  • Notwithstanding the provisions of Section 2 hereof, the Temporary Overadvance Amount may become unavailable to Borrower at an earlier time in the following circumstance.

  • Advances of the Temporary Overadvance Amount shall be made available to Borrower without regard to the percentage limitations on advances set forth in Section 1.2 of the Loan Agreement (with the result that Borrower shall be permitted to be "out of formula" as to the Temporary Overadvance Amount).

  • All advances of portions of the Temporary Overadvance Amount shall be considered Advances under the Loan Agreement.

  • Borrower may request advances of portions of the Temporary Overadvance Amount, provided however, that in no event shall the aggregate of advances in excess of the Loans provided for in the Loan Agreement at any time be permitted to exceed the Temporary Overadvance Amount, nor shall total Advances, inclusive of the Temporary Overadvance Amount, ever be permitted to exceed the Maximum Amount.

  • Lender is willing to enter into this Amendment and to make available the Temporary Overadvance Amount for the Overadvance Term, upon the terms and conditions set forth herein.

  • As an express condition to Lender's agreements as set forth herein, Borrower specifically acknowledges that upon the expiration of the Overadvance Term, the maximum permitted amounts outstanding under the Revolving Loans Facility, as each such term is defined in the Loan Agreement, shall be reduced to the amounts set forth therein, and any portion of the Temporary Overadvance Amount outstanding as of February 15, 2000, shall immediately be due and payable.

Related to Temporary Over-advance Amount

  • 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).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • 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.

  • 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.

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

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

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

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

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

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.

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

  • PO Formula Principal Amount As to any Distribution Date and Class PO Component, the sum of the applicable PO Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each Mortgage Loan in the related Loan Group on the related Due Date, (b) the Stated Principal Balance of each Mortgage Loan in the related Loan Group that was repurchased by the Seller or the Master Servicer pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan in the related Loan Group received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in the related Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in the related Loan Group that became a Liquidated Mortgage Loan during the month preceding the calendar month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan during the month preceding the month of such Distribution Date with respect to such Mortgage Loan, (f) all Principal Prepayments with respect to the Mortgage Loans in the related Loan Group received during the related Prepayment Period and (g) on the last Conveyance Period Distribution Date, the Remaining PO Supplemental Loan Amount.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

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