Overadvance

Overadvance. Shall mean an "Overadvance" as such term is defined in the Senior Lienholders Loan Agreement as in effect on the date of this Agreement.

Overadvance. Means that portion of the outstanding principal balance of the Revolving Advances that exceeds the difference of the Borrowing Base less the Overadvance Component.

Overadvance. Borrower shall be permitted to borrow on August 17, 2004, in addition to the Availability (the "Overadvance") in a single draw not to exceed $2,000,000 (the "Maximum Overadvance Amounts"). The Overadvance shall be part of the Revolving Facility, evidenced by the Revolving Note and, when aggregated with all other Advances, be subject at all times to the Facility Cap. The Overadvance shall be repaid in eleven monthly installments of $100,000... commencing on October 1, 2004, and the aggregate balance of the Overadvance shall be due and payable in full in cash on August 31, 2005, and if at any time the aggregate outstanding balance of the Overadvance exceeds the Maximum Osveradvance Amount, the Borrower shall immediately repay such excess. No Overadvance shall be made at any time that a Default or Event of Default shall have occurred and be continuing past any cure period. Any mandatory prepayment of the Overadvance pursuant to Section 2.10 hereof shall permanently reduce the Overadvance. View More

Overadvance. Means (i) from the date of this Amendment until August 1, 2003, $200,000 and (ii) from August 2, 2003 and thereafter, zero.

Overadvance. An Overadvance is made when advances exceed the maximum outstanding Principal balance.

Overadvance. Means the amount, if any, by which the outstanding principal balance of the Revolving Note, plus the L/C Amount, is in excess of the then-existing Borrowing Base.

Overadvance. (a) the amount by which the Outstanding Advances exceed the Maximum Credit Line, or (b) the amount by which the Outstanding Advances exceed Purchased Accounts which are not Chargeback Accounts multiplied by the Advance Rate.

Overadvance. An advance by Lender hereunder or under the RLOC Note when an Overadvance Condition exists or would result from the making of such advance

Overadvance. Advances exceed the maximum outstanding Principal balance