Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans exceeds any applicable limit set forth in this Agreement, Borrower shall immediately pay to Lender the amount of any such excess and all accrued interest and other charges owing to Lender with respect thereto.
Over-Advance. For purposes of this Agreement, the parties agree that the over-advance shall be $900,000. The parties agree that said over-advance will be added to the Formula Amount during the Forbearance Period. Following the Forbearance Period, if no amendment to the Credit Agreement has been negotiated and executed by the parties thereto, this over-advance amount shall remain in place for six months following the Forbearance Period. Thereafter, $600,000 of the over-advance will be reduced to zero on a straight line amortized basis in 12 equal monthly installments, with the remaining balance, if any, on the over-advance payable on June 23, 2000.
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Revolving Loan Advances, including without limitation, all amounts deemed to be Revolving Loan Advances in accordance with Section 1.4, exceeds any applicable limit set forth in this Agreement, Borrower shall immediately pay to Lender the amount of any such excess and all accrued interest and other charges owing to Lender with respect thereto.
Over-Advance. The term "Over Advance" shall have the meaning set forth in Section 2.1 of this Agreement.
Over-Advance. The Revolving Principal Amount at any time exceeds the Revolving Committed Amount, and within 3 days after the date on which such over-advance first occurs, Borrower fails to (i) repay the Revolving Principal Amount in at least the amount of the excess, together with accrued and unpaid interest on the principal amount so repaid, or (b) provide Agent with additional collateral of a type and in an amount acceptable to Agent in its sole discretion.
Over-Advance. If the Revolving Credit Loan shall at any time exceed the Borrowing Availability, then Borrower shall repay the Revolving Credit Loan in the amount of such excess within two Business Days following notice from Lender.
Over-Advance. (a) In the event any Borrowing Base Deficiency results from any redetermination of the Borrowing Base pursuant to SECTION 4.02, 4.03, or 4.04 hereof, Borrower shall be required to eliminate such deficiency by making mandatory prepayments on the outstanding principal balance of the Loans in an amount equal to the amount of such deficiency, one half of which shall be paid on or before the 90th day following the effective date of the redetermination resulting in such Borrowing Base Deficiency, and the remaining balance of which shall be paid in full on or before the 180th day following the effective date of such redetermination.
(b) In the event any Borrowing Base Deficiency results from any reduction in the Borrowing Base pursuant to SECTION 4.05, Borrower shall be required to eliminate such deficiency by making a mandatory prepayment on the outstanding principal balance of the Loans in an amount equal to the amount of such deficiency, which prepayment shall be due and payable simultaneously with such reduction in the Borrowing Base.
(c) In the event any Borrowing Base Deficiency cannot be eliminated pursuant to this SECTION 4.06 by prepayment of the Loans in full (as a result of Letter of Credit Outstandings) on or before each date on which a prepayment of the Loans is required by this SECTION 4.06, Borrower shall also deposit cash with Administrative Agent to be held by Administrative Agent pursuant to SECTION 3.09 in an amount sufficient to eliminate such Borrowing Base Deficiency (or the required portion of such Borrowing Base Deficiency in the case of the payment due 90 days after the determination that a Borrowing Base Deficiency exists pursuant to SECTION 4.06(A)).
Over-Advance. As of June 9, 2006, the Over-Advance was at least $20,824,016.84.
Over-Advance. Provided no Event of Default exists under the Credit Agreement or any other Loan Documents, and provided no event has occurred that, with the passage of time, or the giving of notice, or both, would constitute an Event of Default under the Credit Agreement or any other Loan Documents, then Lender hereby agrees that it shall not declare an Over-advance under the Credit Agreement for a period of ninety (90) days after the Effective Date of this Amendment.
Over-Advance. 32 ARTICLE 5 - COLLATERAL...........................................................................................33 5.01. SECURITY.......................................................................................33 5.02. GUARANTIES.....................................................................................34
