Overadvance Note definition

Overadvance Note has the meaning ascribed thereto in the Forbearance Agreement;
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Overadvance Note means, collectively and each individually, the promissory note(s) payable to the order of Lender executed by Borrower evidencing the Overadvance Facility, as the same may be modified, amended or supplemented from time to time.
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Overadvance Note means the Borrower’s promissory note, payable to the order of the Lender in substantially the form of Exhibit I hereto and any note or notes issued in substitution therefor.
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Examples of Overadvance Note in a sentence

  • Silicon Valley Bank shall not --------------------------------- have exercised any rights or remedies or taken any other action under or in respect of the Loan Documents or the Overadvance Note (as such terms are hereinafter defined) and shall not have failed to make any Advance requested by Company and consented to by Parent pursuant to Section 6.11.

  • Each Tranche A Overadvance Note shall (i) be dated the date of the Third Amendment Effective Date, (ii) be stated to mature on the Termination Date, (iii) provide for the payment of interest in accordance with this Agreement and (iv) provide such other terms as deemed necessary by the Overadvance Banks.

  • The Tranche A Overadvance Loans made by each Overadvance Bank shall be evidenced by a promissory note of the Borrowers, substantially in the same form as Exhibit "A-1" attached hereto, with appropriate insertions as to payee, date and principal amount (each a "Tranche A Overadvance Note"), payable to the order of such Overadvance Bank in the principal amount equal to the amount of the Tranche A Overadvance Commitment of such Bank.

  • Lender hereby is authorized, but is not obligated, to enter the amount of each Overadvance and the amount of each payment or prepayment of principal or interest thereon in the appropriate spaces on the reverse of or on an attachment to the Overadvance Note.

  • The Borrower has the right to prepay the principal of this Overadvance Note on the terms and conditions specified in the Credit Agreement.

  • The Borrower and all guarantors and endorsers hereby waive presentment, demand, protest and notice of any kind in connection with the delivery, acceptance, performance and enforcement of this Overadvance Note, and also hereby assent to extensions of time of payment or forbearance or other indulgences without notice.

  • The Borrower’s obligation to pay the Overadvances shall be evidenced by the Overadvance Note and shall be secured by the Collateral.

  • The entire unpaid principal balance of the Overadvance Note and all unpaid interest accrued thereon shall be due and payable in full on or before March 1, 2009.

  • The Agent ----------------------------------------------- shall have received (a) counterparts (or other evidence of execution, including telephonic message, satisfactory to the Agent) of this Amendment, which collectively shall have been duly executed on behalf of each of the Borrower, the Guarantors, the Agent and the Required Lenders and (b) an Overadvance Note for the account of the Overadvance Lender, duly executed on behalf of the Borrower.

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More Definitions of Overadvance Note

Overadvance Note means the promissory note of the ---------------- Borrower in favor of the Overadvance Lender evidencing the Overadvance Loans provided pursuant to Section 2.1A(d), as such promissory note may be amended, modified, supplemented, extended, renewed or replaced from time to time.
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Overadvance Note. A Master Revolving Promissory Note in the principal amount of Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00) from Borrower to Lender dated as of January 26, 1999, and any modification, amendment, renewal or extension thereof, evidencing the Overadvance Loan.
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Overadvance Note has the meaning stated in Section 2.4(c).
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Related to Overadvance Note

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

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).

  • Overadvance has the meaning set forth in Section 2.5.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Permitted Overadvance means an Overadvance made by the Administrative Agent, in its discretion, which:

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Swing Line Note means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the order of the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender.