Permitted Overadvance Amount definition

Permitted Overadvance Amount means a permitted overadvance amount determined by the Required Lenders from time to time in their sole discretion, provided that the consent of no fewer than three (3) of the Lenders (with each Lender and any such Lender’s Affiliates counting as a single Lender) shall be required to approve any such determination.

Permitted Overadvance Amount means the amount requested by the Administrative Borrower in and approved by Lender, in written notice not to exceed $7,350,000 in the aggregate.

Permitted Overadvance Amount means the amount requested by the Administrative Borrower in and approved by Xxxxxx, in written notice not to exceed $7,350,000 in the aggregate.

Examples of Permitted Overadvance Amount in a sentence

• Borrower agrees and understands that Lender's prior willingness to make the Permitted Overadvance Amount shall in no way imply that Lender agrees to make any future Permitted Overadvance Amount in a like or similar manner.

• During a Permitted Overadvance Period, and absent an Event of Default, the Administrative Agent shall make Advances up to the Permitted Overadvance Amount (which amount shall be included in the Borrowing Base and deemed to be the first Revolving Loans made and outstanding during the Permitted Overadvance Period).

• Unless otherwise expressly provided, each such reduction of the Permitted Overadvance Amount in accordance with clause (c) above shall be applied one hundred percent to the US Permitted Overadvance Amount and, in addition, one-third of such reduction shall also be applied to the UK Permitted Overadvance Amount.

• With probability 1 − 1/ poly(n) over the circuit instance C, Patching with some choice oflengthscale l = Θ(log n) efficiently samples from a distribution DCj that is 1/ poly(n)-close in vari-ational distance to DC for any choice of polynomials.

• The Borrowers shall not cause or permit the sum of the outstanding amount of all Loans, the Maximum Drawing Amount, the Acceptance Face Amount and all Unpaid Reimbursement Obligations to exceed the lesser of (a) Total Commitment and (b) the sum of (i) the Borrowing Base and (ii) the Permitted Overadvance Amount.

More Definitions of Permitted Overadvance Amount

Permitted Overadvance Amount means: (a) prior to March 1, 1997, ---------------------------- zero dollars; (b) during March, 1997, $1,000,000; (c) during April, 1997, $950,000; (d) during May, 1997, $900,000; (e) during June, 1997, $850,000; (f) during July, 1997, $800,000; (g) during August, 1997, $650,000; (h) during September, 1997, $300,000; (i) during October, 1997, $300,000; (j) during November, 1997, $300,000; (k) during the period commencing on December 1, 1997 and ending on January 30, 1998, $300,000; and (l) from and after January 31, 1998, zero dollars.

Permitted Overadvance Amount means (x) during the period commencing on January 19, 1999 and ending on January 29, 1999, One Hundred Fifty-Three Thousand Dollars ($153,000), and (y) thereafter, $0.00.

Permitted Overadvance Amount means $1,500,000; provided, that, commencing on June 1, 2024 and on the first day of each month thereafter, the Permitted Overadvance Amount shall be permanently reduced by $125,000.

Permitted Overadvance Amount means: (a) prior to March 1, 1997, ---------------------------- zero dollars; (b) during March, 1997, $1,000,000; (c) during April, 1997, $950,000; (d) during May, 1997, $900,000; (e) during June, 1997, $850,000; (f) during July, 1997, $800,000; (g) during August, 1997, $650,000; (h) during September, 1997, (1) if the Frontier Letter of Credit is issued, $500,000, or (ii) otherwise, $300,000; (i) during October, 1997, (1) if the Frontier Letter of Credit is issued, $500,000, or (ii) otherwise, $300,000; (j) during November, 1997, (1) if the Frontier Letter of Credit is issued, $500,000, or (ii) otherwise, $300,000; (k) during the period commencing on December 1, 1997 and ending on January 8, 1998, (1) if the Frontier Letter of Credit is issued, $500,000, or (ii) otherwise, $300,000; and (l) from and after January 9, 1998, zero dollars.

Permitted Overadvance Amount means an outstanding Overadvance Amount not to exceed (i) provided that the Qualified Consultant has confirmed to Lender on or before the date of this Agreement that no material changes to the Budget are anticipated, and that Lender has received a fully executed LOI on or before the date of this Agreement, $750,000 on any date between November 1, 2015 and December 31, 2015, and (ii) $0 on and after the earlier to occur of (x) January 1, 2016, (y) the WESSCO Closing Date, or (z) a date on which any Forbearance Condition is not timely satisfied.

Permitted Overadvance Amount means, as of any date of determination, (a) at all times prior to the issuance of the New Secured Refinancing Notes, the aggregate amount of the US Permitted Overadvance Amount and the UK Permitted Overadvance Amount, as such amounts are reduced from time to time pursuant to Section 2.2; provided that the aggregate Permitted Overadvance Amount shall not exceed $15,000,000 at any time, and (b) at any time after the issuance of the New Secured Refinancing Notes, an amount equal to zero.

Permitted Overadvance Amount means, as of any date of determination between April 1, 2001, and April 15, 2001, an amount that shall not exceed $500,000.