Revolving Overadvance definition

Revolving Overadvance has the meaning specified in Section 2.13(a)(i).
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Revolving Overadvance is defined in Section 2.2.
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Revolving Overadvance means “Overadvance” as defined in the Revolving Credit Agreement, as in effect on the Closing Date.
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Examples of Revolving Overadvance in a sentence

  • Borrower shall not obtain any Revolving Advance hereunder if the making of such Revolving Advance shall result in axx Revolving Overadvance.

  • Borrower hereby authorizes Agent, on the Sixth Amendment Effective Date, to (a) debit Borrower's loan account as a Term Loan D advance in an amount equal to the Revolving Overadvance Amount and (b) apply the proceeds thereof to the Revolving Loan such that after giving effect to such application the Revolving Overadvance Amount shall equal zero ($0).

  • Notwithstanding the foregoing, any Revolving Overadvance made pursuant to Section 1.1(a)(iii) shall be repaid only on demand.


More Definitions of Revolving Overadvance

Revolving Overadvance shall have the meaning assigned to it in SECTION 1.1(a)(iii).
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Related to Revolving Overadvance

  • Overadvance has the meaning set forth in Section 2.5.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

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

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.

  • Revolving Credit Loans as defined in Section 2.1.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).