Common use of Over-Advances Clause in Contracts

Over-Advances. Notwithstanding any other provisions of this Credit Agreement, if at any time the aggregate principal amount of Advances outstanding under this Credit Agreement or any commitment hereunder shall exceed (i) Ten Million Dollars ($10,000,000.00), or (ii) any other limitation set forth herein, the Borrower shall immediately pay to the Lender the amount by which said principal amount exceeds such limitation.

Appears in 1 contract

Samples: Credit Agreement (Taylor Investment Corp /Mn/)

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Over-Advances. Notwithstanding any other provisions provision of this Credit Agreement, if at any time the aggregate principal amount of Advances outstanding under this Credit Agreement or any commitment hereunder shall exceed (i) Ten Nine Million Dollars ($10,000,000.009,000,000.00), or (ii) any other limitation set forth herein, the Borrower shall immediately pay to the Lender the amount by which said principal amount exceeds such limitation.

Appears in 1 contract

Samples: Credit Agreement (Taylor Investment Corp /Mn/)

Over-Advances. Notwithstanding any other provisions of this Credit Agreement, if at any time the aggregate principal amount of Advances outstanding under this Credit Agreement or any commitment hereunder shall exceed (i) Ten Fifteen Million Dollars ($10,000,000.0015,000,000.00), or (ii) any other limitation set forth herein, the Borrower shall immediately pay to the Lender the amount by which said principal amount exceeds such limitation.

Appears in 1 contract

Samples: Credit Agreement (Taylor Investment Corp /Mn/)

Over-Advances. Notwithstanding any other provisions of this Credit Agreement, if at any time the aggregate principal amount of Advances outstanding under this Credit Agreement or any commitment hereunder shall exceed (i) Ten Seventeen Million Five Hundred Thousand Dollars ($10,000,000.0017,500,000.00), or (ii) any other limitation set forth herein, the Borrower shall immediately pay to the Lender the amount by which said principal amount exceeds such limitation.

Appears in 1 contract

Samples: Credit Agreement (Taylor Investment Corp /Mn/)

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Over-Advances. Notwithstanding any other provisions of this Credit Agreement, if at any time the aggregate principal amount of Advances outstanding under this Credit Agreement or any commitment hereunder shall exceed (i) Ten Twelve Million Dollars ($10,000,000.0012,000,000.00), or (ii) any other limitation set forth herein, the Borrower shall immediately pay to the Lender the amount by which said principal amount exceeds such limitation.

Appears in 1 contract

Samples: Credit Agreement (Taylor Investment Corp /Mn/)

Over-Advances. Notwithstanding any other provisions of this Credit Agreement, if at any time the aggregate principal amount of Advances outstanding under this Credit Agreement or any commitment hereunder shall exceed (i) Ten Twenty One Million Dollars ($10,000,000.0021,000,000.00), or (ii) any other limitation set forth herein, the Borrower shall immediately pay to the Lender the amount by which said principal amount exceeds such limitation.

Appears in 1 contract

Samples: Credit Agreement (Taylor Investment Corp /Mn/)

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