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.
Appears in 2 contracts
Samples: Debtor in Possession Loan and Security Agreement (PRB Energy, Inc.), Debtor in Possession Loan and Security Agreement (PRB Energy, Inc.)
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans Loans, 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.
Appears in 2 contracts
Samples: Loan and Security Agreement (United Development Funding III, LP), Loan and Security Agreement (United Development Funding III, LP)
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans Loans, 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Z Tel Technologies Inc)
