Overadvance Limit definition

Overadvance Limit means, at any time of determination, $30,000,000.”
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Overadvance Limit has the meaning set forth in Section 1.3 of the Agreement.
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Overadvance Limit means, as of any date as of which the ----------------- amount thereof shall be determined, an amount not to exceed SEVEN HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($750,000.00) during the period commencing as of the Closing Date and continuing through September 30, 1997 and FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) during the period commencing as of October 1, 1997 and continuing through the Revolving Credit Termination Date.
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Examples of Overadvance Limit in a sentence

  • Except in Foothill's discretion, Borrowers shall have no right to receive, and Foothill shall not make, any Overadvances in excess of the Overadvance Limit as then in effect or at any time after the Overadvance Termination Date.

  • Except as set forth in Sections 2.8(d), 2.8(f) and 2.8(g), the outstanding principal balance (exclusive of that portion of the Revolving Advances which constitutes the Overadvance Limit) of the Revolving Note shall bear interest at the Revolving Floating Rate.

  • Reduce the amount of Advances outstanding -------------- under the Overadvance Limit to zero for a period of at least thirty (30) consecutive days in each LineYear.

  • Overadvance Amount of Fee Threshold Date Due and Payable ------------- --------- -------------------- $250.00 $400,000.00 The date at which the Advances outstanding under the Overadvance Limit are in excess of the Overadvance Threshold.

  • The definition of "Overadvance Limit" contained in section 1(a) of the First Amendment is deleted in its entirety.


More Definitions of Overadvance Limit

Overadvance Limit means $3,000,000 for the period from and after the effective date of this Amendment through and including September 16, 1998, $2,000,000 commencing with the opening of business on Thursday, September 17, 1998, through and including September 23, 1998, $1,000,000 on the opening of business on Thursday, September 24, 1998 through and including September 30, 1998, and zero on the opening of business on Friday, October 1, 1998 and at all times thereafter.
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Overadvance Limit means USD 110,000,000, which may, only upon the unanimous written approval of the Lenders, be increased to USD 117,480,381.
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Overadvance Limit means for each period the amount set forth below for such period: Period Overadvance Limit ------ ----------------- 2/17/98 through 4/1/98 $2,000,000 4/1/98 through 6/19/98 $2,500,000 6/20/98 and thereafter $ 0"
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Overadvance Limit means Two Million Two Hundred Thousand and No/100 Dollars ($2,200,000.00) from the date of this Agreement until the close of business on August21, 2004. Beginning on August 22, 2004, and on the 22nd day of each month thereafter until the Facility No. 1 Expiration Date, the term “Overadvance Limit” shall automatically be modified to mean the amount of the Overadvance Limit for the immediately preceding monthly period minus One Hundred Thousand and No/100 Dollars ($100,000.00).
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Overadvance Limit. $10,000,000 as such amount may be reduced pursuant to subsection 2.9(f).
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Overadvance Limit means, as of any date as of which the amount thereof shall be determined, an amount not to exceed $1,250,000 during the period commencing as of January 15, 1998 and continuing through April 30, 1998, $1,000,000 during the period commencing as of May 1, 1998 and continuing through May 30, 1998, $750,000 during the period commencing as of June 1, 1998 through June 30, 1998, and $500,000 during the period commencing as of July 1, 1998 and continuing through the Revolving Credit Termination Date.
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Overadvance Limit means Two Million Dollars ($2,000,000).
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