Overadvance. Loan Parties will not permit the aggregate principal amount of U.S. Revolving Loans, Swing Loans and U.S. L/C Obligations to exceed the U.S. Borrowing Base by more than $1,000,000. Loan Parties will not permit the aggregate principal amount of Canadian Revolving Loans and Canadian L/C Obligations to exceed the Canadian Borrowing Base at any time.

Overadvance. If, at any time # the Revolver Usage on such date exceeds # the Maximum Revolver Amount, then Borrower shall immediately prepay the Obligations in accordance with [Section 2.4(f)] in an amount equal to the amount of such excess.

“Overadvance” means a Domestic Overadvance or an EXIM Overadvance.

“Permitted Overadvance” means an Overadvance made by the Administrative Agent, in its discretion, which:

Overadvance Loan: a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

Overadvances If the outstanding aggregate Revolver Loans and L/C Obligations exceed the Borrowing Base (“Overadvance”) at any time, the excess amount shall be payable by Borrowers on demand, in writing, by Agent, but all such Revolver Loans and L/C Obligations shall nevertheless constitute Obligations secured by the Collateral and entitled to all benefits of the Loan Documents Agent may require Lenders to honor requests for Overadvance Loans and to forbear from requiring Borrowers to cure an Overadvance, # when no other Event of Default is known to Agent, as long as # the Overadvance does not continue for more than 30 consecutive days (and no Overadvance may exist for at least five consecutive days thereafter before further Overadvance Loans are required), and # the Overadvance is not known by Agent to exceed $7,500,000; and # regardless of whether an Event of Default exists, if Agent discovers an Overadvance not previously known by it to exist, as long as from the date of such discovery the Overadvance # is not increased by more than $7,500,000, and # does not continue for more than 30 consecutive days; provided that the aggregate amount of all Overadvances outstanding under [clauses (a) and (b) above] shall not exceed $10,000,000. In no event shall Overadvance Loans be required that would cause the outstanding Revolver Loans and LC Obligations to exceed the aggregate Revolver Commitments. Any funding of an Overadvance Loan or sufferance of an Overadvance shall not constitute a waiver by Agent or Lenders of the Event of Default caused thereby. In no event shall any Borrower be deemed a beneficiary of this Section nor authorized to enforce any of its terms. Required Lenders may at any time revoke Agent’s authority to make further Overadvances under [clause (a) above] by written notice to Agent. Absent such a revocation, Agent’s determination that the funding of an Overadvance shall be conclusive.

Overadvances. Upon any occurrence of an Overadvance, [[Organization A:Organization]] shall immediately pay down the Advances such that, after giving effect to such payments, no Overadvance exists.

“Unintentional Overadvance” means an Overadvance which, to the [[Administrative Agent:Organization]]’s knowledge, did not constitute an Overadvance when made but which has become an Overadvance resulting from changed circumstances beyond the control of the [[Administrative Agent:Organization]], the Issuers and the Lenders, including, without limitation, the imposition of (or increase in) the FILO Deficiency Reserve, a reduction in the Net Recovery Percentage of property or assets included in the Borrowing Base or the FILO Borrowing Base or misrepresentation by the Loan Parties.

“Overadvance” is defined in Section 2.5.

“Protective Advances” means an Overadvance made or deemed to exist by the [[Administrative Agent:Organization]], in its discretion, which: