Permitted Overadvance Amount definition
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 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 ▇▇▇▇▇▇, in written notice not to exceed $7,350,000 in the aggregate.
Examples of Permitted Overadvance Amount in a sentence
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).
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.
If, at any time or for any reason, the amount of Obligations owed by Borrower to Foothill pursuant to Section 2.1 is greater than the Dollar limitations set forth in Section 2.1 less (without duplication) any applicable reserves (any such excess, an "Overadvance") by an amount greater than the then applicable Permitted Overadvance Amount, Borrower immediately shall pay to Foothill, in cash, the amount of such excess to be used by Foothill to repay Advances outstanding under Section 2.1.
Section 13.6 of the Credit Agreement is amended by deleting the phrase "plus the Permitted Overadvance Amount" from such section.
Maturity Date of Bridge Loan and Permitted Overadvance Amount; -------------------------------------------------------------- Supplemental Credit.
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 the date immediately preceding the Trigger Date, $300,000; and (l) from and after the Trigger Date, 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 the result of (A) $10,000,000, less (B) the aggregate amount of repayments (if any) made in respect of the Overadvance pursuant to Section 1.d hereof. As a condition precedent to the effectiveness of the Limited Amendment, the Loan Banks shall have received a fee, which fee Company and the Bank Group mutually have agreed shall be in the amount of One Million Dollars ($1,000,000) and shall be charged to Company as a further Reducing Revolving Loan. In order to induce the Bank Group to provide the Limited Amendment, Company and the Bank Group hereby agree that, anything in the Loan Agreement, the Loan Documents, the Note Agreement, or the Secured Floating Rate Note Documents to the contrary notwithstanding:
Permitted Overadvance Amount means: (a) prior to November 28, 1997, $2,500,000; (b) from November 28, 1997 through December 11, 1997, $2,000,000; (c) from December 12, 1997 through December 25, 1997, $1,750,000; (d) from December 26, 1997 through January 8, 1998, $1,000,000; and (e) from and after January 9, 1998, zero dollars; PROVIDED, HOWEVER, that, at any time prior to the date of any mandatory reduction in the Permitted Overadvance Amount as set forth above, Borrower may prepay all or part of the outstanding amount of any Overadvance and request a reduction in the Permitted Overadvance Amount in minimum increments of $50,000 without penalty.
Permitted Overadvance Amount means: (a) on and after the Ninth Amendment Closing Date and prior to December 29, 1999, $1,800,000 (of which $300,000 represents a ratable portion of the Permitted Overadvance Fee); (b) on and after December 29, 1999 and prior to January 5, 2000, $2,400,000 (of which $400,000 represents a ratable portion of the Permitted Overadvance Fee); (c) on and after January 5, 2000 and prior to January 19, 2000, $3,000,000 (of which $500,000 represents a ratable portion of the Permitted Overadvance Fee); (d) on and after January 19, 2000 and prior to February 2, 2000, $3,600,000 (of which $600,000 represents a ratable portion of the Permitted Overadvance Fee); (e) on and after February 2, 2000 and prior to February 16, 2000, $4,200,000 (of which $700,000 represents a ratable portion of the Permitted Overadvance Fee); (f) on and after February 16, 2000 and prior to June 30, 1999, $4,800,000 (of which $800,000 represents a ratable portion of the Permitted Overadvance Fee); and (f) on and after July 1, 2000, zero dollars; provided, however, that, at any time prior to the date of the mandatory reduction in the Permitted Overadvance Amount as set forth above, Borrower may prepay all or part of the outstanding amount of any Overadvance without penalty (except as otherwise provided in Section 2.10(f) with respect to the Permitted Overadvance Fee), and on and after the date of any such prepayment, the Permitted Overadvance Amount shall be permanently reduced by an amount equal to any such prepayment amount.
Permitted Overadvance Amount means (x) during the period commencing on June 4, 1998 and ending on August 17, 1998, Four Hundred Thousand Dollars ($400,000) and (y) thereafter, $0.00.
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.