Overadvance Facility definition

Overadvance Facility has the meaning ascribed thereto in the Forbearance Agreement;
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Overadvance Facility shall have the meaning given such term in the Preamble hereof.
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Overadvance Facility means the Revolving Loans then outstanding -------------------- in an amount not to exceed the Overadvance Amount from August 14, 1998 until the Overadvance Facility Termination Date.
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Examples of Overadvance Facility in a sentence

  • Certain other changes to the documents evidencing the DIP Financing and Overadvance Facility such as extension of the maturity date and removal of certain Chapter 11 related covenants and events of default will be put into place by the Effective Date as well.

  • The Borrowers shall not be entitled to any credit, rebate or repayment of the Overadvance Facility Fee notwithstanding any termination of this Amendment or the Agreement or suspension or termination of the Agent's or any Lender's respective obligation to make Warehousing Advances or Overadvances hereunder.

  • All of the REIT III OP Units are duly authorized and validly issued.

  • Payments of Cash to Allowed Priority Non-Tax Claims shall be made on the Effective Date from Cash on hand or advances under the DIP Financing and Overadvance Facility.

  • All revenue collected from admission fees, donations to the WPYFL and any WPYFL fundraising shall be deposited in the WPYFL treasury.


More Definitions of Overadvance Facility

Overadvance Facility means an additional advance facility under the Revolving Loan which will allow Borrowers to obtain revolving advances in an amount up to ($5,000,000) in excess of the revolving advance rate percentages based on the Eligible Accounts and Eligible Inventory under Section 2.1 of the Loan Agreement.
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Overadvance Facility means the Loans made under SECTION 2.2(b) of the Loan Agreement."
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Overadvance Facility. That component of Borrowing Base, available (if at all) only where "Availability" otherwise would be zero, and consisting of the Cost of Eligible Inventory (net of Inventory Reserves and exclusive of Eligible In-Transit Inventory and Eligible L/C Inventory) multiplied by the OverAdvance Rate.
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Overadvance Facility means the overadvance facility established by the Lenders in favor of the Borrowers pursuant to Section 3.1(b).
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Overadvance Facility means the credit facility for Overadvance Advances described in SECTION 2.3 up to an aggregate principal amount of any one time outstanding not to exceed the principal sum of $2,000,000.
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Overadvance Facility shall have the meaning ascribed to such term in SECTION 2.6 hereof.
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Overadvance Facility means an amount requested by Borrower from time to time pursuant to an Overadvance Facility Request, 50% of which is comprised of Overadvance Availability and 50% of which is comprised of a reduction of the Excess Availability covenant set forth in Section 14(d) hereof to an amount less than $7,500,000; provided, that the aggregate Overadvance Facility shall not exceed $11,000,000. The initial usage of the Overadvance Facility shall be made available on July 27, 2005 (and an Overadvance Facility Request shall be deemed to have been made) in the amount of $3,000,000, comprised of $1,500,000 of Overadvance Availability and a reduction of the Excess Availability covenant set forth in Section 14(d) hereof by $1,500,000 to $6,000,000. The Overadvance Facility may be terminated by Borrower upon written notice to Agent upon increase of the Excess Availability covenant set forth in Section 14(d) hereof to $7,500,000 following written notice by Borrower to Agent, repayment of the Revolving Loans advanced with respect to the Overadvance Availability in accordance with the terms of this Agreement, and no Event of Default exists at such time or would be caused thereby. Once the Overadvance Facility is terminated, no further Overadvance Facility Requests may be made.
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