Overadvance Amount definition

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

Overadvance Amount has the meaning specified in Section 2.5(b).

Overadvance Amount in Section 6.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

Examples of Overadvance Amount in a sentence

• One major and very important result of the experiment is that the overhead introduced by using homomorphic encryption (either partially or fully homomorphic) only makes up for a fraction of the overall runtime, compared to the runtime of our plain text simulation.

• Notwithstanding anything to the contrary in this Agreement (including, without limitation, anything to the contrary in the definition of “Revolving Credit Commitment” in this Agreement), each Bank’s Revolving Credit Commitment at any time shall be reduced by amount equal to the sum of (a) such Bank’s Pro-Rata Share of the Commitment Reduction Amount at such time, and(b) such Bank’s Pro-Rata Share of the difference between (i) $3,500,000 and (ii) the Overadvance Amount at such time.

• Eligible Inventory shall be calculated at the lower of cost or market value.(b) Overadvance Amount.

• Local fees, as permitted, shall be as established by the MTSI House of Delegates.

• If payment in full of the outstanding revolving loans is insufficient to eliminate the Overadvance Amount and Letter of Credit Usage continues to exceed the Borrowing Base, Borrowers shall maintain Letter of Credit Collateralization of the outstanding Letter of Credit Usage.

More Definitions of Overadvance Amount

Overadvance Amount has the meaning specified therefor in Section 2.9(c) hereof.

Overadvance Amount has the meaning set forth in Section 1.1(j).

Overadvance Amount means: (1) at any time from the Sixth Amendment Closing Date through April 1, 2009, the difference between (a) $3,500,000 and (b) the aggregate amount of proceeds received by a Borrower from Permitted Atchison Debt, Permitted Cray Debt and/or Permitted ENB Debt financings at such time; and (2) at any time after April 1, 2009, zero; provided, however, that in no event shall the Overadvance Amount be a negative number.

Overadvance Amount means at any time the amount by which ABL Facility Credit Exposure exceeds Available Credit.

Overadvance Amount means, initially, One Million Five Hundred Thousand Dollars ($1,500,000.00), which amount shall be permanently reduced (i) on the first day of each calendar month commencing February 1, 2003 by an amount equal to Sixty-Two Thousand Five Hundred Dollars ($62,500.00) and (ii) coincident with Covenant Obligor's delivery to Agent of Covenant Obligors' Fiscal Year end audited financial statements for each Fiscal Year of Covenant Obligors commencing with Covenant Obligors' Fiscal Year ended December 31, 2003, by an amount equal to the Excess Cash Flow Amount for such Fiscal Year. The foregoing permanent reductions shall continue until the earlier of the date on which (x) the Overadvance Amount is reduced to zero or (y) the Revolving Loans are terminated on the terms and conditions set forth herein.

Overadvance Amount means, as of the Eighth Amendment Effective Date, $60,000,000; provided, that, unless waived or extended by the Required Agreement Lenders, such Overadvance Amount shall be reduced in monthly installments on each of the dates set forth below in the amounts set forth below such that the remaining Overadvance Amount is set forth opposite the applicable reduction date set below: Overadvance Amount Reduction Date Reduction Amount Remaining Overadvance Amount December 31, 2008 $7,427,293 $52,572,707 January 31, 2009 $7,427,293 $45,145,414 February 28, 2009 $11,140,940 $34,004,474 March 31, 2009 $11,140,940 $22,863,534 Conversion Date $22,863,534 $0

Overadvance Amount means, as of the Ninth Amendment Effective Date, $45,145,414; provided, that such amount shall be reduced to $34,004,474 on the Reversion Date and will be further reduced in monthly installments on each of the dates set forth below in the amounts set forth below: Overadvance Amount Reduction Date Reduction Amount Remaining Overadvance Amount March 31, 2009 $ 11,140,940 $ 22,863,534 Conversion Date $ 22,863,534 $ 0