Common use of Overadvance Fees Clause in Contracts

Overadvance Fees. Company shall pay a $500 Overadvance fee for each day that an Overadvance exists which was not agreed to by Xxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Fargo’s acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 6 contracts

Samples: Credit and Security Agreement (Capstone Turbine Corp), Credit and Security Agreement (Winnebago Industries Inc), Credit and Security Agreement (Winnebago Industries Inc)

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Overadvance Fees. Company shall pay a $500 Overadvance fee for each day that an Overadvance exists which was not agreed to by Xxxxx Wxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Wxxxx Fargo’s acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Wxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Wxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 1 contract

Samples: Wells Fargo Business Credit Credit and Security Agreement (Iridex Corp)

Overadvance Fees. Company shall pay a an Overadvance fee of $500 Overadvance fee for each day that an Overadvance exists which was not agreed to by Xxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Fargo’s acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 1 contract

Samples: Credit and Security Agreement

Overadvance Fees. Company shall pay a $500 500.00 Overadvance fee for each day that an Overadvance exists which was not agreed to by Xxxxx Wxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Wxxxx Fargo’s acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Wxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Wxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 1 contract

Samples: Credit and Security Agreement (Merrimac Industries Inc)

Overadvance Fees. Company shall pay a $500 an Overadvance fee for each day that an Overadvance exists which was not agreed to by Xxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Fargo’s acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

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Overadvance Fees. Company shall pay a $500 an Overadvance fee of $500.00 for each day that an Overadvance exists which was not agreed to by Xxxxx Wxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Wxxxx Fargo’s 's acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Wxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Wxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 1 contract

Samples: Credit and Security Agreement (Spectranetics Corp)

Overadvance Fees. Company shall pay a $500 500.00 Overadvance fee for each day that an Overadvance exists which was not agreed to by Xxxxx Fargo in an Authenticated Record prior to its occurrence; provided that Xxxxx Fargo’s acceptance of the payment of such fees shall not constitute either consent to the Overadvance or waiver of the resulting Event of Default. Company shall pay additional Overadvance fees and interest in such amounts and on such terms as Xxxxx Fargo in its sole discretion may consider appropriate for any Overadvance to which Xxxxx Fargo has specifically consented in an Authenticated Record prior to its occurrence.

Appears in 1 contract

Samples: Credit and Security Agreement (Pinnacle Data Systems Inc)

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