Temporary Overadvance Facility definition

Temporary Overadvance Facility means a temporary revolving credit facility to be maintained by the Lenders listed on Schedule 2.1(b) hereto for the benefit of the Borrowers in an amount up to the Overadvance Amount, as set forth in Section 2.1(b).
Temporary Overadvance Facility means a temporary revolving credit facility to be maintained by the Agent and Congress Financial Corporation (New England) for the benefit of the Borrowers in an amount up to the Overadvance Amount, as set forth in Section 2.1(b). The Temporary Overadvance Facility shall be available to the Borrowers if, but only if, the Disney Stores Acquisition has been consummated and all Conditions Precedent contained in Section 3.1(c), below, have been satisfied.
Temporary Overadvance Facility means a temporary revolving credit facility to be maintained by the Lenders listed on Schedule 2.1(b)

Examples of Temporary Overadvance Facility in a sentence

  • Subject to the terms and conditions of this Agreement, in addition to the Advances to be made pursuant to Section 2.1(a), above, the Lenders listed on Schedule 2.1(b) hereto agree to make Advances (based on the percentages for each Lender listed on Schedule 2.1(b)), to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the Overadvance Amount less the aggregate amount of all Advances outstanding under the Temporary Overadvance Facility.

  • It has its theoretical basis in experiential learning theory (Heineman, 1995), and focuses on students’ attitudes towards learning, classroom activities, teachers, and peers (Grasha, 1996).The GRSLSS comprises 60 items which consist of six scales, with ten items per scale (Grasha, 1984).

  • Further, the Temporary Overadvance Facility as referred to in section 3.2 of the Forbearance Agreement is hereby deemed terminated and of no further force or effect and no Overadvances shall be made to Borrower thereunder.

  • During the time that advances are outstanding under the Temporary Overadvance Facility, interest shall accrue on the aggregate outstanding balance of the Temporary Overadvance Facility at the LIBOR Rate plus 4.00 percent per annum.

  • They were lawfully entitled to travel and leave the site after 9pm.

  • The Temporary Overadvance Facility shall be in place, effective, and available to the Borrower for the making of Advances thereunder commencing upon the execution of this Agreement through October 31, 2005.

  • Advances under the Temporary Overadvance Facility shall be secured by the Collateral and shall constitute Advances and Obligations hereunder.

  • If payment is made with respect to both spouses and no such interest is specified, one-half of the joint interest is considered available to each spouse.

  • She also accompanied Coral and Jim on several summer Olympic extended tours, 1968 (Mexico),1972 (Germany), 1984 (US), 1988 (Korea), and 1992 (Spain).At 101 years of age, Priscilla enjoys fairly good physical health, having recovered from a total hip replacement last year.

  • Subject to the terms and conditions of this Agreement, in addition to the Advances to be made pursuant to Section 2.1(a), above, the Agent and Congress Financial Corporation (New England) agree to make Advances to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the Overadvance Amount less the aggregate amount of all Advances outstanding under the Temporary Overadvance Facility.

Related to Temporary Overadvance Facility

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

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

  • 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.

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

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

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

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

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

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

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

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

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Equipment Advance is defined in Section 2.1.1.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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