Overadvance Basket definition

Overadvance Basket means (a) $65,000,000 minus (b) the sum of (i) 50% of the amount of all Qualified Offering Receipts plus (ii) the amount of all Extraordinary Receipts received by any Obligor (other than Qualified Offering Receipts).
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Overadvance Basket means an amount of to $52,500,000, as modified from time to time in accordance with Section 2.1(h). --------------
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Overadvance Basket means $65,000,000 m inus the amount of all Extraordinary Receipts received by any Obligor.
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Examples of Overadvance Basket in a sentence

  • From the Ninth --------------------------------------- Amendment Closing Date through March 31, 2002, the Overadvance Basket shall be $59,500,000.

  • From the Eighth --------------------------------------- Amendment Closing Date through March 31, 2002, the Overadvance Basket shall be $52,500,000.

  • Thereafter, the Overadvance Basket shall be (i) $50,500,000 from April 1, 2002 through June 30, 2002, inclusive, (ii) $45,000,000 from July 1, 2002 through September 30, 2002, inclusive, (iii) $43,000,000 from October 1, 2002 through the Stated Termination Date.

  • Thereafter, the Overadvance Basket shall be (i) $57,500,000 from April 1, 2002 through June 30, 2002, inclusive, (ii) $52,000,000 from July 1, 2002 through September 30, 2002, inclusive, and (iii) $50,000,000 from October 1, 2002 through the Stated Termination Date.

  • Each reduction of the Overadvance Basket shall be accompanied by payments and prepayments of the Revolving Credit Facility to the extent that the amount of Senior Debt Outstandings exceeds the Borrowing Base after giving effect to such reduction, each such repayment or prepayment to be accompanied by the payment of all amounts required to be paid pursuant to Section 6.5 and accrued and unpaid interest on the amounts repaid or prepaid.

  • The Revolving Commitment Amount and, except to the extent provided in the definition thereof, the Overadvance Basket, will remain unchanged as a result of any such prepayments.


More Definitions of Overadvance Basket

Overadvance Basket means an amount of up to $5,000,000 which may be utilized by the Borrower in the determination of the Borrowing Base in the manner set forth in the definition of "Borrowing Base."
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Overadvance Basket means $65,000,000 minus the amount of all Extraordinary Receipts received by any Obligor.
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Related to Overadvance Basket

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

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

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

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

  • Maximum Advance Rate means 80.0%.

  • Overadvance has the meaning set forth in Section 2.5.

  • 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.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • 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.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).