Accommodation Overadvance Limit definition

Accommodation Overadvance Limit means up to $1,000,000 from the Accommodation Overadvance Funding Date through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement).
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Accommodation Overadvance Limit means an amount up to $1,650,000; provided, however, that Borrower acknowledges and agrees that if the full of amount of the Accommodation Overadvance Limit is not drawn by 5:00 p.m., July 30, 2010, the Accommodation Overadvance Limit shall automatically be reduced to $1,500,000.
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Accommodation Overadvance Limit means an amount up to $1,325,000 from the date of that certain Seventeenth Amendment to Forbearance Agreement through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement); provided however, if Lender receives evidence, satisfactory to Lender in its sole discretion, on or before June 25, 2010, that Obligors have executed a letter of intent for an Alternate Transaction, acceptable to Lender in form and substance and which Lender determines in its reasonable discretion provides proceeds sufficient to repay and satisfy the Indebtedness in full and in cash, the Accommodation Overadvance Limit shall automatically be increased to $1,500,000 effective as of June 26, 2010.
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More Definitions of Accommodation Overadvance Limit

Accommodation Overadvance Limit means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30.
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Accommodation Overadvance Limit means up to $2,000,000 from the Accommodation Overadvance Funding Date through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement); provided, however, that on such date as Lender shall have -------- ------- received evidence, satisfactory to Lender in its sole discretion, that the Securities and Exchange Commission (the "SEC") has (i) deemed the --- joint proxy submitted by Obligors to the SEC on December 16, 2009 (the "Proxy"), to be effective and (ii) given its consent to Obligors ----- mailing the Proxy to Parent's shareholders, the amount set forth herein shall automatically be increased to $2,200,000.
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Accommodation Overadvance Limit means up to $1,000,000 from the Accommodation Overadvance Funding Date through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement); provided, however, upon Lender’s receipt of evidence, satisfactory to Lender in its sole discretion, that (i) the New Jersey Economic Development Authority (the “EDA”) has approved the bond issuance to finance Hawthorne TTN Holdings, LLC’s acquisition of the assets of RAI pursuant to the Asset Purchase Agreement dated as of May 15, 2009, at a meeting to be held by the EDA on March 9, 2010 and (ii) no Termination Event has occurred, the Accommodation Overadvance Limit shall automatically be increased to $1,500,000.
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Accommodation Overadvance Limit means an amount up to $1,325,000 from the date of that certain Seventeenth Amendment to Forbearance Agreement through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement); provided however, if Lender receives evidence, satisfactory to Lender in its sole discretion, on or before June 25, 2010, that Obligors have executed a letter of intent for an Alternate Transaction, acceptable to Lender in form and substance and which Lender determines in its reasonable discretion provides proceeds sufficient to repay and satisfy the Indebtedness in full and in cash, the Accommodation Overadvance Limit shall automatically be increased to $1,500,000 effective as of June 26, 2010; and provided further, if Lender receives evidence, satisfactory to Lender in its sole discretion, on or before July 9, 2010, that Obligors have (i) executed an asset purchase agreement for an Alternate Transaction, acceptable to Lender in form and substance and which Lender determines in its reasonable discretion provides proceeds sufficient to repay and satisfy the Indebtedness in full and in cash and (ii) received a deposit on the purchase price from the prospective purchaser under such asset purchase agreement in an amount not less than $250,000, the Accommodation Overadvance Limit shall automatically be increased to $1,675,000 effective as of the day after the conditions in (i) and (ii) hereinabove have been satisfied.
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Accommodation Overadvance Limit means an amount up to $2,275,000 from the date of that certain Twenty- First Amendment to Forbearance Agreement through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement).
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Related to Accommodation Overadvance Limit

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

  • Overadvance has the meaning set forth in Section 2.5.

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

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

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

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

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

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

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • 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.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • 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 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 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.

  • 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.

  • 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.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.