Temporary Overadvance Amount definition

Temporary Overadvance Amount means the following amounts during the following periods: Applicable Period Temporary Overadvance Amount Fourth Amendment Effective Date - October 21, 2017 $ 3,000,000 October 22 - 28, 2017 $ 3,000,000 October 29 — November 4, 2017 $ 3,000,000 November 5 - 11, 2017 $ 2,750,000 November 12 - 18, 2017 $ 2,750,000 November 19 - 25, 2017 $ 2,500,000 November 26 — December 2, 2017 $ 2,500,000 December 3 — 9, 2017 $ 2,000,000 From and after December 10, 2017 $ 0
Sample 1
Temporary Overadvance Amount means (a) on and after October 1, 2015, through and including April 30, 2016, an amount equal to $1,000,000; and (b) at any other time (including on and after May 1, 2016), an amount equal to $0.”
Sample 1
Temporary Overadvance Amount means as of any date of determination, the amount set forth opposite such date in the table below: Date Temporary Overadvance Amount Third Amendment Closing Date – March 9, 2019 $1,200,000 March 10, 2019 – March 30, 2019 $1,000,000 March 31, 2019 – April 6, 2019 $800,000 April 7, 2019 – April 20, 2019 $400,000 April 21, 2019 and at all times thereafter $0
Sample 1

Examples of Temporary Overadvance Amount in a sentence

  • 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).

  • 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.

  • 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.

  • 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.

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

  • 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.

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


More Definitions of Temporary Overadvance Amount

Temporary Overadvance Amount means the temporary overadvance amount set forth in Section 2.5.
Sample 1

Related to Temporary Overadvance Amount

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

  • 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).

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

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

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

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

  • 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.

  • 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.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

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

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

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

  • 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.

  • 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.

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

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

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

  • 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.

  • 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.

  • 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.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Maximum Revolving Amount means $10,000,000.

  • 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.

  • 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.