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.

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.

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.

• 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.

• 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.

• The Revolving Loan shall not exceed, and the Lenders shall not have any obligation to make any Revolving Advance which shall result in the Revolving Loan being in excess of, the Borrowing Limit; provided, that, the Borrower may request, and the Agent may make and maintain at its sole and absolute discretion, one or more Overadvances from time to time, so long as, following the funding of any Overadvance, the Revolving Loan does not exceed the Overadvance Limit.

• 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.

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.

Overadvance Limit means the amount of Twenty Five Million ----------------- Dollars ($25,000,000).

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"

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).

Overadvance Limit. $10,000,000 as such amount may be reduced pursuant to subsection 2.9(f).

Overadvance Limit means, at any time of determination, the lesser of (i) $13,395,000 or such lesser amount as may have been specified to the Company by the Senior Administrative Agent in its sole discretion upon one (1) Business Day’s prior written notice and (ii) an amount equal to (x) $213,395,000 minus (y) the aggregate principal amount of all Term Loans (other than any Term B Loan PIK Amount added to the principal balance of the Term B Loans from and after September 30, 2007) and Revolving Loans (including Overadvances) outstanding at such time.