Common use of Mandatory Prepayment; Overadvances Clause in Contracts

Mandatory Prepayment; Overadvances. If unreimbursed Line of Credit Advances evidenced by the Revolving Note exceed the Borrowing Base or the Maximum Line Amount at any time, then Company shall immediately prepay the Revolving Note in an amount sufficient to eliminate the excess, unless in each case, W▇▇▇▇ Fargo has delivered to Company an Authenticated Record consenting to the Overadvance prior to its occurrence, in which event the Overadvance shall be temporarily permitted on such terms and conditions as W▇▇▇▇ Fargo in its sole discretion may deem appropriate, including the payment of additional fees or interest, or both.

Mandatory Prepayment; Overadvances. If unreimbursed Line of Credit Advances evidenced by the Revolving Note exceed the Borrowing Base or the Maximum Line Amount at any time, then Company shall immediately prepay the Revolving Note in an amount sufficient to eliminate the excess, unless in each case, W▇▇▇▇▇ Fargo has delivered to Company an Authenticated Record consenting to the Overadvance prior to its occurrence, in which event the Overadvance shall be temporarily permitted on such terms and conditions as W▇▇▇▇▇ Fargo in its sole discretion may deem appropriate, including the payment of additional fees or interest, or both.

Mandatory Prepayment; Overadvances. If unreimbursed Line of Credit Advances evidenced by the Revolving Note Notes exceed the lesser of the Borrowing Base Base, or the Maximum Line Amount at any time, then Company shall immediately prepay the Revolving Note Notes in an amount sufficient to eliminate the excess, unless in each case, W▇▇▇▇▇ Fargo has delivered to Company an Authenticated Record consenting to the Overadvance prior to its occurrence, in which event the Overadvance shall be temporarily permitted on such terms and conditions as W▇▇▇▇▇ Fargo in its sole discretion may deem appropriate, including the payment of additional fees or interest, or both.

Mandatory Prepayment; Overadvances. If unreimbursed Line of Credit Advances evidenced by the Revolving Note Notes exceed the lesser of the Borrowing Base or the Maximum Line Amount at any time, then Company shall immediately prepay the Revolving Note Notes in an amount sufficient to eliminate the excess, unless in each case, W▇▇▇▇ Fargo has delivered to Company an Authenticated Record consenting to the Overadvance prior to its occurrence, in which event the Overadvance shall be temporarily permitted on such terms and conditions as W▇▇▇▇ Fargo in its sole discretion may deem appropriate, including the payment of additional fees or interest, or both.