Overadvance Lender definition

Overadvance Lender shall have the meaning given such term in Section 2.3(b).
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Overadvance Lender means a Lender with an Overadvance Loan Exposure.
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Overadvance Lender each Lender which has an Overadvance Commitment or which has made Overadvance Loans.
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Examples of Overadvance Lender in a sentence

  • Under circumstances where any Borrower requests and Lender approves Revolving Credit Advances which would exceed the Maximum Revolving Amount and/or the Borrowing Base, (other than a Permitted (Other) Overadvance or a Guaranteed Overadvance) Lender may impose fees in connection therewith.

  • Under circumstances where any Borrower requests and Lender approves Revolving Credit Advances which would exceed the Maximum Revolving Amount and/or the Borrowing Base, (other than a Permitted (Other) Overadvance) Lender may impose fees in connection therewith.

  • Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender, Overadvance Lender or Customer Lender, as the case may be, thereof.

  • If Borrower makes a payment to eliminate an Overadvance, Lender shall, without effecting Borrower’s ability to borrow, repay and re-borrow in accordance with the terms of this Agreement, apply such payment to reduce the aggregate unpaid principal amount outstanding under the Revolving Credit Loan.

  • Under circumstances where (a) any Borrower requests and ▇▇▇▇▇▇ approves Revolving Credit Advances which would exceed the Maximum Revolving Amount and/or the Borrowing Base, (other than a Permitted (Other) Overadvance) Lender may impose fees in connection therewith.

  • In order to effect such reallocations, the requisite assignments shall be deemed to be made in amounts from each Overadvance Lender to each Funding Lender, with the same force and effect as if such assignments were evidenced by the applicable Assignment and Assumptions and without the payment of any related assignment fee, and no other documents or instruments shall be, or shall be required to be, executed in connection with such assignments (all of which are hereby waived).

  • Each Revolving Credit Lender, Overadvance Lender and Customer Lender, as the case may be, will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent.

  • The ------------------------------------ Overadvance Lender may, in its sole discretion, make Overadvance Loans available to the Borrower on any Business Day upon request made by the Borrower not later than 12:00 Noon (Charlotte, North Carolina time) on such Business Day.

  • The Agent ----------------------------------------------- shall have received (a) counterparts (or other evidence of execution, including telephonic message, satisfactory to the Agent) of this Amendment, which collectively shall have been duly executed on behalf of each of the Borrower, the Guarantors, the Agent and the Required Lenders and (b) an Overadvance Note for the account of the Overadvance Lender, duly executed on behalf of the Borrower.

  • If Borrower makes a payment to eliminate an Overadvance, Lender shall, without effecting Borrower’s ability to borrow, repay and reborrow in accordance with the terms of this Agreement, apply such payment to reduce the aggregate unpaid principal amount outstanding under the Revolving Credit Loan.


More Definitions of Overadvance Lender

Overadvance Lender means First Union, in its capacity ------------------ as such.
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Related to Overadvance Lender

  • 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.

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

  • 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.

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