Overadvance Fee definition

Overadvance Fee has the meaning set forth in Section 13(b) hereof.
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Overadvance Fee has the meaning set forth in Section 2 of this Agreement.
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Overadvance Fee means the amount of $10,000.00 per calendar month (or any portion thereof) for each calendar month (or any portion thereof) during which an Unauthorized Overadvance exists during any 3 consecutive Business Days or any 5 non-consecutive Business Days, the full amount of which shall be deemed to have been fully earned by Lender on the last day of each respective month;
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Examples of Overadvance Fee in a sentence

  • Notwithstanding the requirements of Section 1.9(e) of the Credit Agreement, Agent agrees that such Overadvance Fee shall be payable, and Borrower covenants and agrees that it will pay the Overadvance Fee, on the Commitment Termination Date.

  • Without affecting Borrower's obligation to immediately repay to BACC the amount of each Overadvance, Borrower shall pay BACC a fee (the Overadvance Fee) in an amount equal to $250.00 per occurrence of an Overadvance, plus interest on the Overadvance amount at the Default Rate set forth below.

  • The Overadvance Fee shall be payable quarterly in arrears commencing three months after the first day in which there is an overadvance pursuant to the Credit Agreement and only with respect to such days in which there is an overadvance.

  • Notwithstanding the foregoing, the Company shall not be required to pay an Overadvance Fee to the extent that, at the time of the payment thereof, or after giving effect to the payment thereof, the Company is, or would be in violation of the financial covenants contained in the Credit Agreement, in which case any such Overadvance Fee would accrue and be payable as soon as possible.

  • Borrower and Lender agree that for the sole purpose of calculating the interest paid by Borrower to Lender, it is the intention of Borrower and Lender that interest shall mean and include, and be expressly limited to, any interest accrued on the aggregate outstanding Daily Balance of the Obligations during the term hereof pursuant to subsections 2.4(a) and 2.4(b), any Overadvance Fee, Facility Fee (as defined below) and late fees charged to Borrower during the term hereof.

  • At Lender’s option, the applicable Overadvance Fee may be charged as an Advance hereunder and added to the Obligations regardless of whether an existing Overadvance will be increased thereby.

  • The Overadvance Fee, payable as to any week in which an Overadvance occurs, and payable on the first Business Day of the following week.

  • Borrower and BACC agree that, for the sole purpose of calculating the “interest” paid by Borrower to BACC, it is the intention of Borrower and BACC that interest shall mean and include, and be expressly limited to, any interest accrued on the aggregate outstanding balance of the Obligations during the term hereof pursuant to Sections 2.4(A) and 2.4(B); and any Overadvance Fee, Facility Fee, and late fees charged to Borrower during the term hereof.

  • For the avoidance of doubt, Borrowers shall not be required to pay the Seasonal Overadvance Fee during the 2013 Seasonal Overadvance Period.

  • The Overadvance Fee, if applicable, would be charged on the first day of the month, calculated on the highest amount of any Overadvance that shall have occurred during the immediately preceding month.


More Definitions of Overadvance Fee

Overadvance Fee. Means a daily fee equal to the unpaid portion of any Overadvance multiplied by five hundredths of one percent (0.05%) for each calendar day such Overadvance, or any portion thereof, remains unpaid.
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Overadvance Fee means a daily fee calculated as the Overadvance multiplied by zero percent (0.00%).
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Overadvance Fee as defined in Section 2.12(f).
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Overadvance Fee means the amount of $3,000, which amount shall be --------------- due and payable for each Overadvance.
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Overadvance Fee means the amount of $2,000, which amount shall --------------- be due and payable for each Overadvance.
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Related to Overadvance Fee

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

  • Advance fee means any consideration paid or given, directly or indirectly, to a mortgage lender, first mortgage broker or originator required to be licensed or registered pursuant to sections 36a-485 to 36a-498a, inclusive, as amended by this act, prior to the closing of a first mortgage loan to any person, including, but not limited to, loan fees, points, broker's fees or commissions, transaction fees or similar prepaid finance charges;

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

  • Overadvance has the meaning set forth in Section 2.5.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

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

  • Revolving Advances means Advances made other than Letters of Credit.

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

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Revolving Advance has the meaning given in Section 2.1.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

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

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • 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.

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Total loan amount means the principal of the loan minus those

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).