Overadvance. If, at any time, (A) the Revolver Usage on such date plus the principal amount of the Term Loan outstanding on such date exceeds (B) the Credit Amount as of such date (based upon the most recent Credit Amount Certificate delivered by Borrower to Agent), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an amount equal to the amount of such excess.
Appears in 3 contracts
Samples: Credit Agreement (Appfolio Inc), Credit Agreement (Appfolio Inc), Credit Agreement (Streamline Health Solutions Inc.)
Overadvance. If, at any time, (A) the Revolver Usage on such date exceeds the Maximum Revolver Amount as of such date, or (B) the Revolver Usage on such date plus the outstanding principal amount balance of the Term Loan outstanding on such date exceeds (B) the Credit Amount as of such date (( in each case based upon the most recent Credit Amount Certificate delivered by Borrower to Agent), then Borrower shall immediately promptly, but in any event, within 1 Business Day prepay the Obligations in accordance with Section 2.4(f)(i) in an amount equal to the amount of such excess.
Appears in 2 contracts
Samples: Credit Agreement (FleetMatics Group PLC), Credit Agreement (FleetMatics Group PLC)
Overadvance. If, at any time, (A) the Revolver Usage on such date plus the principal amount of the Term Loan outstanding on such date exceeds (B) the lesser of (1) the Maximum Revolver Amount, or (2) the Credit Amount as of such date (based upon the most recent Credit Amount Certificate delivered by Borrower to Agent)) minus the outstanding principal balance of the Term Loan, then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an amount equal to the amount of such excess.
Appears in 1 contract
Overadvance. If, at any time, (A) the Revolver Usage on such date plus the principal amount of the Term Loan outstanding on such date exceeds (B) the lesser of (1) the Maximum Revolver Amount, or (2) the Credit Amount as of such date (based upon the most recent Credit Amount Certificate delivered by Borrower to Agent), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an amount equal to the amount of such excess.
Appears in 1 contract
Overadvance. If, at any time, (A) the Revolver Usage on such date plus the principal amount of the Term Loan outstanding on such date exceeds (B) the lesser of (1) the Maximum Revolver Amount, or (2) the Credit Amount as of such date (based upon the most recent Credit Amount Certificate delivered by Borrower to Agent), then Borrower shall immediately promptly, but in any event, within 1 Business Day prepay the Obligations in accordance with Section 2.4(f)(i) in an amount equal to the amount of such excess.
Appears in 1 contract
