Overadvance Note definition

Overadvance Note has the meaning ascribed thereto in the Forbearance Agreement;
View Source
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.
View Source
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.
View Source

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’s obligation to pay the Structural Overadvance shall be evidenced by the Structural Overadvance Note and shall be secured by the Collateral as provided in Article III.

  • All of the terms, covenants and conditions of the Credit Agreement and the other Credit Documents are hereby made a part of this Overadvance Note and are deemed incorporated in full, including without limitation Section 2.1(c)(i)(B).

  • 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.

  • 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.

  • By : ______________________________ Name: Title: Exhibit 2.4(c)(iii) Form of Overadvance Note OVERADVANCE NOTE SCAN-OPTICS, INC.


More Definitions of Overadvance Note

Overadvance Note has the meaning stated in Section 2.4(c).
View Source
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.
View Source
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.
View Source

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.