EXCEEDING THE MAXIMUM WCMA LINE OF CREDIT. If the WCMA Loan Balance shall at any time exceed the Maximum WCMA Line of Credit and Customer shall fail to deposit sufficient funds into the WCMA Account to reduce the WCMA Loan Balance below the Maximum WCMA Line of Credit within five (5) Business Days after written notice thereof shall have been given by MLBFS to Customer.
Appears in 19 contracts
Samples: Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Stockeryale Inc), Loan and Security Agreement (Yp Net Inc)
EXCEEDING THE MAXIMUM WCMA LINE OF CREDIT. If the WCMA Loan Balance shall at any time exceed the Maximum WCMA Line of Credit or the Available Borrowing Base (to the extent applicable pursuant to Section 2.3, and Customer shall fail to deposit sufficient funds into the WCMA Account to reduce the WCMA Loan Balance below the Maximum WCMA Line of Credit within five (5) Business Days after written notice thereof shall have been given by MLBFS to Customersuch due date.
Appears in 1 contract
EXCEEDING THE MAXIMUM WCMA LINE OF CREDIT. If the WCMA Loan Balance shall at any time anytime exceed the Maximum WCMA Line of Credit and Customer shall fail to deposit sufficient funds into the WCMA Account to reduce the WCMA Loan Balance below the Maximum WCMA Line of Credit within five (5) 5 Business Days after the receipt by Customer of the first to be received of either: (i) any written notice thereof shall have been given by MLBFS to Customerfrom MLBFS, or (ii) a statement from MLPF&S showing a WCMA Loan Balance in excess of the Maximum WCMA Line of Credit.
Appears in 1 contract
Samples: Duramed Pharmaceuticals Inc
