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

  • 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.


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 the lesser of (i) an amount equal to 85% of the Expected Net Value of Eligible Receivables as of such time as determined by reference to and as set forth in the most recent Borrowing Base Certificate delivered to the Agent by the Borrower pursuant to Exhibit IV, clause (n)(i), and (ii) the Total Commitment.
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Overadvance Limit means the amount of Twenty Five Million ----------------- Dollars ($25,000,000).
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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 FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) during the period commencing as of the Closing Date and continuing through June 30, 1995, ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) during the period commencing as of July 1, 1995 and continuing through June 30, 1996 and ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($1,500,000.00) during the period commencing as of July 1, 1996 and continuing through the Revolving Credit Termination Date.
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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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