Common use of Effect of Services Usage Clause in Contracts

Effect of Services Usage. Such aggregate amounts utilized under the Other Services Sublimit will at all times reduce the amount otherwise available to be borrowed under this Agreement. Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by Borrower for any Letters of Credit, FX Forward Contracts or Cash Management Services will be treated as Advances under this Agreement and will accrue interest at the rate for Advances.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Proxim Corp)

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Effect of Services Usage. Such aggregate amounts utilized under the Other Services Sublimit will at all times reduce the amount otherwise available to be borrowed under this Agreementthe Committed Revolving Line. Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by Borrower for any Letters of Credit, FX Forward Contracts Credit or Cash Management Services will be treated as Advances under this Agreement the Committed Revolving Line and will accrue interest at the rate for Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Pharsight Corp)

Effect of Services Usage. Such aggregate amounts utilized under the Other Services Sublimit will at all times reduce the amount otherwise available to be borrowed under this Agreementthe Committed Revolving Line. Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by Borrower for any Letters of Credit, FX Forward Contracts or Cash Management Services will be treated as Advances under this Agreement the Committed Revolving Line and will accrue interest at the rate for Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Sigmatel Inc)

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Effect of Services Usage. Such aggregate amounts utilized under the Other Services Sublimit will at all times reduce the amount otherwise available to be borrowed under this Agreementthe Revolving Line. Any amounts Bank pays on behalf of Borrower Borrower, or any amounts that are not paid by Borrower when due for any Letters of Credit, FX Forward Contracts or Cash Management Services will be treated as Advances under this Agreement the Revolving Line and will accrue interest at the rate for Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinera Corp)

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