Seasonal Overadvance Period means the period in each year commencing September 1 and ending on December 31.
Seasonal Overadvance Period means, during any calendar year, the period beginning on January 1 and ending on April 30 of such year.
Seasonal Overadvance Period means a consecutive 120 day period between October 1 and January 31 in each calendar year.
Examples of Seasonal Overadvance Period in a sentence
At the request of Agent or Requisite Lenders, for so long as there are Working Capital Obligations outstanding during a Seasonal Overadvance Period or during the 2013 Seasonal Overadvance Period, by 5:00 p.m. on the first Thursday of each month, Euramax shall deliver to Agent and each Lender a 13-week rolling cash flow forecast in form and substance satisfactory to Agent.
For the avoidance of doubt, Borrowers shall not be required to pay the Seasonal Overadvance Fee during the 2013 Seasonal Overadvance Period.
During the 2013 Seasonal Overadvance Period, Credit Parties shall not permit the Consolidated Adjusted EBITDA for Euramax and its Subsidiaries, which shall be tested as of the last day of each month occurring during the Financial Covenant Testing Period for the immediately preceding twelve-month period, to be less than $55,000,000.
More Definitions of Seasonal Overadvance Period
Seasonal Overadvance Period means, (i) for the year ending December 31, 2007, the period from July 1st through November 30th; and (ii) for each year thereafter, means the period from July 1st through October 31st of each year during the term of this Agreement.”
Seasonal Overadvance Period means the period commencing on May 1, 2003 and ending on September 30, 2003.
Seasonal Overadvance Period means the period beginning on the Fourth Amendment Date, and ending on November 30, 2013. "Fourth Amendment Date" means March 25, 2013. (h) By deleting subclause (i) of Section 2.2(b) of the Credit Agreement, and by substituting in lieu thereof the following new subclause (i): (i) If the Working Capital Obligations outstanding at any time should exceed the Borrowing Base at such time, including as a result of the reduction of the Seasonal Overadvance Amount to $0 in accordance with the terms of this Agreement (an "Out-of-Formula Condition"), such Working Capital Obligations shall nevertheless constitute Obligations that are secured by the Collateral and entitled to all of the benefits of the Credit Documents. In the event that Lenders are willing in their sole and absolute discretion to make Out-of-Formula Loans or are required to do so by Section 2.2(b)(ii), such Out-of-Formula Loans shall be payable on demand and shall bear interest as provided in Section 2.5(e). Borrowers acknowledge and agree that if an Out-of-Formula Condition exists at the time of or as a result of the reduction of the Seasonal Overadvance Amount to $0 in accordance with the terms of this Agreement, Agent and Lenders shall have no obligation to continue to honor Borrowers requests for Revolving Loans until such time that such Out-of-Formula Condition is cured. (i) By deleting the paragraph beginning with "During a Seasonal Overadvance Period" set forth in Section 2.5(a) of the Credit Agreement, and by substituting in lieu thereof the following new paragraph: During (A) 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), and (B) the 2013 Seasonal Overadvance Period and upon the satisfaction of the 2013 Seasonal Overadvance Conditions, in either case, 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%. (j) By deleting clause (g) of Section 2.6 of the Credit Agreement, and by substituting in lieu thereof the following new clause (g): (g)
Seasonal Overadvance Period means any Seasonal Overadvance (Type A) Period, Seasonal Overadvance (Type B) Period or Seasonal Overadvance (Type C) Period.
Seasonal Overadvance Period means the period commencing on December 1 and ending on March 31 during which the Formula Amount is increased by an amount of up to $7,000,000 in accordance with the provisions of Section 2.1(a).
Seasonal Overadvance Period means a consecutive 120 day period between October 1 and January 31 in each calendar year. 47 DB1/ 133985272.1133985272.4
Seasonal Overadvance Period shall have the meaning set forth the definition of “Borrowing Base”.