Seasonal Advance Period definition

Seasonal Advance Period means the period commencing on May 1 and ending on November 30 of each calendar year.

Seasonal Advance Period means calendar months of July, August and October of each year.

Seasonal Advance Period means the period from and including September 1 of each year to and including January 31 of the immediately following year.

Examples of Seasonal Advance Period in a sentence

• The Seasonal Advance shall be evidenced by one or more secured promissory notes (collectively, the "Seasonal Advance Note") in substantially the form attached hereto as Exhibit 2.4. Borrower and Agent agree that the Seasonal Advance Note that evidences a Seasonal Advance for the Seasonal Advance Period in one year may also evidence Seasonal Advances for Seasonal Advance Periods in subsequent years, even though the original Seasonal Advance that it evidenced will have been repaid.

• Subject to the terms and conditions of this Agreement, each year during the "Seasonal Advance Period" and so long as no Event of Default has occurred and is continuing, each Lender, severally and not jointly, will make a Seasonal Advance to Borrower in the sum equal to such Lender's Commitment Percentage of $1,500,000.

• The Seasonal Advance made with respect to any Seasonal Advance Period shall be, with respect to principal, payable in full on the last day of such Seasonal Advance Period, subject to acceleration upon the occurrence of an Event of Default under this Agreement or termination of this Agreement.

• Target has complied with, is not in violation of, and has not received any notices of violation with respect to, any federal, state, local or foreign statute, law or regulation with respect to the conduct of its business, or the ownership or operation of its business, except for such violations or failures to comply as, singly or in the aggregate, could not be reasonably expected to have a Material Adverse Effect on Target.

More Definitions of Seasonal Advance Period

Seasonal Advance Period in Section 1.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

Seasonal Advance Period means the period each year commencing not later than January 1 of such year and ending one hundred eighty (180) days thereafter, but in no event later than July 31 of such year. Subject to the foregoing, the Seasonal Advance Period shall commence on the date the Borrowing Agent, on behalf of Century, requests a Revolving Advance pursuant to Section 2.2 hereof which consists, in part, of the amount referred to in Section 2.1(a)(y)(iii) hereof.

Seasonal Advance Period means a period of time during which Borrowers may request advances be made by the Agent and the Lenders at the Seasonal Advance Amount. Any Seasonal Advance Period shall commence on the date selected by the Borrowers which shall be no earlier than the fifth (5th) Business Day following receipt by the Agent from the Borrowers of a Seasonal Advance Request and shall be at least thirty (30) days in length. No subsequent Seasonal Advance Period shall commence less than thirty (30) days after the end of the immediately preceding Seasonal Advance Period. In no event may the Seasonal Advance Periods during any calendar year exceed one hundred twenty (120) days in the aggregate.

Seasonal Advance Period means a single period of up to four consecutive months in any 12 month period, during the “mid” or “high” demand period specified in the most recently completed inventory appraisal, to be determined by the Borrower Representative in a written notice to the Administrative Agent at least 15 days prior to the commencement of such Seasonal Advance Period; provided that (i) in no event may the Seasonal Advance Period designated by the Borrower Representative for any particular year commence earlier than 90 days after the last day of the most recently ended Seasonal Advance Period, there shall be no more than one Seasonal Advance Period in any 12 month period and (iii) there shall be no more than four total months of Seasonal Advance Periods in any calendar year.

Seasonal Advance Period. : means a period of up to four consecutive months in any calendar year, as designated by the Borrower Representative up to one (1) time per calendar year, during which the US Borrowing Base will be calculated at the Seasonal Advance Rate.

Seasonal Advance Period means the four consecutive month period beginning on November 1 of the initialcalendar year and ending on February 28 of the immediately following calendar year. “SEC” means the Securities and Exchange Commission.

Seasonal Advance Period means a period of up to four consecutive months in any calendar year, as designated by the Borrower Representative up to one (1) time per calendar year, during which the US Borrowing Base will be calculated at the Seasonal Advance Rate.