Seasonal Overadvance Amount definition

Seasonal Overadvance Amount means during the Seasonal Overadvance Period the amount set forth below opposite the period corresponding thereto: May 1, 2003 – May 31, 2003 $ 300,000 June 1, 2003 – June 30, 2003 $ 400,000 July 1, 2003 – July 31, 2003 $ 1,000,000 August 1, 2003 – August 31, 2003 $ 1,300,000 September 1, 2003 – September 30, 2003 $ 1,400,000 October 1, 2003 – October 31, 2003 $ 250,000

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Seasonal Overadvance Amount means, (a) on any date during a Seasonal Overadvance Period, an amount equal to $15,000,000, and (b) on any date that is not during a Seasonal Overadvance Period, an amount equal to $0.

Seasonal Overadvance Amount means (a) during January 28 through May 31 of calendar year 2001, $15,000,000, (b) during June 1 through June 30 of calendar year 2001, $7,500,000, (c) during January 28 through May 31 of calendar year 2002, $12,000,000, (d) during June 1 through June 30 of calendar year 2002, $6,000,000, (e) during January 28 through May 31 of calendar year 2003, $6,000,000, (f) during June 1 through June 30 of calendar year 2003, $3,000,000 and (g) at all other times, $0.

Examples of Seasonal Overadvance Amount in a sentence

On the date that Agent receives a Seasonal Overadvance Notice from Euramax, and concurrently with the delivery of such Seasonal Overadvance Notice and Agent’s acceptance of the same (and the inclusion of the Seasonal Overadvance Amount in the Borrowing Base), Borrowers shall be jointly and severally obligated to pay to Agent, for the Pro Rata benefit of Lenders, an activation fee in the amount of 0.20% of the Seasonal Overadvance Amount (such fee is referred to herein as the “Seasonal Overadvance Fee”).
During a Seasonal Overadvance Period, upon the satisfaction of the Seasonal Overadvance Conditions, the delivery of the Seasonal Overadvance Notice, and Agent’s acceptance of the same (and the inclusion of the Seasonal Overadvance Amount in the Borrowing Base), all Revolving Loans up to the Seasonal Overadvance Amount (which shall be deemed to be the first Revolving Loans made and outstanding) shall bear interest based upon the rates set forth above, as applicable, plus 0.50%.
On the date that Agent receives a Seasonal Overadvance Notice from Euramax, and concurrently with the delivery of such Seasonal Overadvance Notice and Agent's acceptance of the same (and the inclusion of the Seasonal Overadvance Amount in the Borrowing Base), Borrowers shall be jointly and severally obligated to pay to Agent, for the Pro Rata benefit of Lenders, an activation fee in the amount of 0.20% of the Seasonal Overadvance Amount (such fee is referred to herein as the "Seasonal Overadvance Fee").
An anniversary fee equal to 0.125% of the Maximum Amount (without giving effect to the Seasonal Overadvance Amount), which fee shall be due and payable in full on each October 31, commencing October 31, 2007 through and including October 31, 2010; provided, however, the Agreement has not previously been terminated.
Subject to the terms and conditions of this Agreement, in addition to the Revolving Advances to be made pursuant to Section 2.1(a), above, the Lenders agree to make advances (“Seasonal Advances”) (on a pro rata basis in accordance with Schedule C-1), to the Borrowers in an amount at any one time outstanding not to exceed an amount equal to the Seasonal Overadvance Amount less the aggregate amount of all Seasonal Advances outstanding under the Seasonal Overadvance Facility.

More Definitions of Seasonal Overadvance Amount

Seasonal Overadvance Amount means, for the Seasonal Overadvance Period, ONE MILLION DOLLARS ($1,000,000.00).

Seasonal Overadvance Amount means up to $20,000,000.00 at any one time outstanding.

Seasonal Overadvance Amount means $1,250,000 during the Seasonal Overadvance Period and $0 at all other times.

Seasonal Overadvance Amount means, (a) on any date during a Seasonal Overadvance Period, an amount equal to $15,000,000, (b) on any date during the 2013 Seasonal Overadvance Period, an amount equal to $8,000,000, (c) on any date that is not during a Seasonal Overadvance Period, an amount equal to $0, and (d) at all times following Agent's receipt of a Compliance Certificate described in clause (b) of the definition of 2013 Seasonal Overadvance Conditions demonstrating that Borrowers' consolidated 2013 Seasonal Overadvance Fixed Charge Coverage Ratio for the applicable immediately preceding twelve-month period is less than 1.00 to 1.00, an amount equal to $0. "Seasonal Overadvance Period" means, during any calendar year (other than the calendar year 2013), the period beginning on January 1 and ending on April 30 of such year. - 3 - (g) By adding the following new definitions to Section 1.1 of the Credit Agreement, in proper alphabetical order: "2013 Seasonal Overadvance Conditions" means, at all times during the 2013 Seasonal Overadvance Period, each of the following conditions, the satisfaction of which shall be determined by Agent:

Seasonal Overadvance Amount means (i) at any time during a Seasonal Overadvance Period, an amount equal to the sum of (a) 7.5% of the Net Orderly Liquidation Value of the Borrowers’ Eligible Inventory at such time, plus (b) 10% of the Borrowers’ Eligible Credit Card Receivables at such time, plus (c) 10% of the Borrowers’ Eligible Partner Receivables at such time and (ii) at all other times, $0.