Examples of Overadvances in a sentence
The making of any such Permitted Overadvance on any one occasion shall not obligate the Agent or any Lender to make or permit any Permitted Overadvance on any other occasion or to permit such Permitted Overadvances to remain outstanding.
The Agent shall have no liability for, and no Loan Party or Credit Party shall have the right to, or shall, bring any claim of any kind whatsoever against the Agent with respect to Unintentional Overadvances regardless of the amount of any such Overadvance(s).
This Section shall not apply to Swingline Borrowings, Overadvances or Protective Advances, which may not be converted or continued.
The ability of Agent to make Protective Advances is separate and distinct from its ability to make Overadvances and its ability to make Overadvances is separate and distinct from its ability to make Protective Advances.
In addition, Overadvances may be made even if the condition precedent set forth in Section 4.02(c) has not been satisfied.