Overadvance definition

Overadvance has the meaning set forth in Section 2.5.

Overadvance is defined in Section 2.2.

Overadvance has the meaning assigned to such term in Section 2.05(b).

Examples of Overadvance in a sentence

• Without limiting Borrower’s obligation to repay Bank any Overadvance, Xxxxxxxx agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at a per annum rate equal to the rate that is otherwise applicable to Advances plus five percent (5.0%).

• Any funding of an Overadvance Loan or sufferance of an Overadvance shall not constitute a waiver by the Administrative Agent or Lenders of the 71 [Matrix] Credit Agreement #85638137 Event of Default caused thereby.

• All Overadvance Loans shall constitute Obligations secured by the Collateral and shall be entitled to all benefits of the Loan Documents.

• In no event shall Overadvance Loans be required that would cause the Total Revolving Credit Outstandings to exceed the Aggregate Revolving Credit Commitments.

• Overadvance Loans may be required even if the conditions set forth in Section 5.02 have not been satisfied.

More Definitions of Overadvance

Overadvance means a Credit Extension to the extent that, immediately after its having been made, Availability is less than zero.

Overadvance means, as of any date of determination, that the Revolver Usage is greater than any of the limitations set forth in Section 2.1 or Section 2.11 of this Agreement.

Overadvance has the meaning ascribed to it in Section 1.1(a)(iii).

Overadvance has the meaning specified therefor in Section 2.5 of the Agreement.

Overadvance is defined in Section 2.4.

Overadvance has the meaning specified in Section 2.01(c).

Overadvance means either a Canadian Overadvance or a Domestic Overadvance.