Definition of Temporary Overadvance Facility

  1. 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).

Examples of Temporary Overadvance Facility in a sentence

  1. 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.

Definition of Temporary Overadvance Facility in Loan and Security Agreement

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.


Definition of Temporary Overadvance Facility in Security Agreement

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).