Common use of Overadvance Clause in Contracts

Overadvance. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Maximum Revolver Amount, 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 (Asure Software Inc), Credit Agreement (Asure Software Inc), Credit Agreement (Asure Software Inc)

AutoNDA by SimpleDocs

Overadvance. If, at any time, time (A) the Revolver Usage on such date exceeds (B) the Maximum Revolver Amount, then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an amount equal to the amount of such excess.

Appears in 2 contracts

Samples: Credit Agreement (PROS Holdings, Inc.), Credit Agreement (PROS Holdings, Inc.)

Overadvance. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Maximum Revolver AmountAmount as of such date, 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

Samples: Credit Agreement (Fleetmatics Group PLC)

AutoNDA by SimpleDocs

Overadvance. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Maximum Revolver Amount, then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an amount equal to the amount of such excess.

Appears in 1 contract

Samples: Credit Agreement (PROS Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!