Overadvance Loan definition

Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.
Overadvance Loan a Base Rate Revolver Loan made when an Overadvance exists or is caused by the funding thereof.
Overadvance Loan means an ABR Borrowing made when an Overadvance exists or is caused by the funding thereof.

Examples of Overadvance Loan in a sentence

  • The making of any Overadvance Loan permitted hereby shall not create nor constitute a Default or Event of Default; it being understood that the making or continuance of an Overadvance permitted hereby shall not constitute a waiver by the Agent or the Lenders of any then existing Event of Default.

  • In no event shall any Borrower or other Loan Party be permitted to require any Overadvance Loan to be made.


More Definitions of Overadvance Loan

Overadvance Loan means a U.S. Overadvance Loan and/or a Canadian Overadvance Loan, as the context may require.
Overadvance Loan means a Revolving Credit Loan made when an Overadvance exists or is caused by the funding thereof.
Overadvance Loan means a (i) U.S. Base Rate Loan made when an Overadvance exists or is caused by the funding thereof under the U.S. Subfacility or (ii) a Canadian Prime Loan or Canadian Base Rate Loan when an Overadvance exists or is caused by the funding thereof under the Canadian Subfacility.
Overadvance Loan means a Base Rate Revolving Credit Loan made when an Overadvance exists or is caused by the funding thereof.
Overadvance Loan means a CBFR Loan made when an Overadvance exists or is caused by the funding thereof.
Overadvance Loan means a Revolving Credit Loan made at the time an Overadvance Condition exists or which results in an Overadvance Condition.
Overadvance Loan a Tranche A Base Rate Revolver Loan or Tranche B Base Rate Revolver Loan made when an Overadvance exists or is caused by the funding thereof.