Examples of Overadvance Limit in a sentence
If at any time the outstanding aggregate principal amount of all Revolving Loans shall exceed the Borrowing Base plus the amount of the Overadvance Limit in effect from time to time, then any such excess amount shall, at Bank's election, be due and payable on demand.
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.
Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability (or, in the case of Overadvances, in excess of the Overadvance Limit) shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.
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.
Such annual fee shall be due and payable on the first day of each year that any Revolving Advances are made under the Overadvance Limit.