Common use of Overadvances Clause in Contracts

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 76 contracts

Samples: Loan and Security Agreement (Max International Inc), Loan and Security Agreement (Thayer Ventures Acquisition Corp), Loan and Security Agreement (Max International Inc)

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Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, cash the amount of such excess (such excess, the “Overadvance”). Without limiting Borrower’s obligation to repay Bank any Overadvance, Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at the Default Rate.

Appears in 42 contracts

Samples: Loan and Security Agreement (Outbrain Inc.), Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Appian Corp)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, cash the amount of such excess (such excess, the “Overadvance”). Without limiting Borrower’s obligation to repay Bank any Overadvance, Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at a per annum rate equal to the rate that is otherwise applicable to Advances plus five percent (5.0%).

Appears in 29 contracts

Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Velo3D, Inc.), Loan and Security Agreement (Weave Communications, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 15 contracts

Samples: Loan and Security Agreement (IBEX LTD), Loan and Security Agreement, Loan and Security Agreement (Icad Inc)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 14 contracts

Samples: Merger Agreement (Mandalay Digital Group, Inc.), Loan and Security Agreement (Zendesk, Inc.), Loan and Security Agreement (Zendesk, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 6 contracts

Samples: Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Precision Biosciences Inc)

Overadvances. If the aggregate amount of the outstanding Advances plus the aggregate face amount of all outstanding Letters of Credit exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 5 contracts

Samples: Loan Agreement (Nexsan Corp), Loan and Security Agreement (Hireright Inc), Loan and Security Agreement (Cepheid)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 4 contracts

Samples: Loan and Security Agreement (Vitalstream Holdings Inc), Loan and Security Agreement (Jl Halsey Corp), Loan and Security Agreement (Lyris, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 4 contracts

Samples: Loan and Security Agreement (Citadel Security Software Inc), Loan and Security Agreement (Spy Optic Inc), Loan and Security Agreement (Pfsweb Inc)

Overadvances. If the aggregate amount of the outstanding Advances (including the Ancillary Services Sublimit) exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 3 contracts

Samples: Loan and Security Agreement (Liposcience Inc), Loan and Security Agreement (Liposcience Inc), Loan and Security Agreement (Active Network Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Formula Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 3 contracts

Samples: Loan and Security Agreement (Clearone Communications Inc), Loan and Security Agreement (LOCAL.COM), Loan and Security Agreement (LOCAL.COM)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 3 contracts

Samples: Loan and Security Agreement (Cornerstone OnDemand Inc), Loan Modification Agreement (Alvarion LTD), Loan and Security Agreement (Imprivata Inc)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, cash the amount of such excess (such excess, the “Overadvance”).

Appears in 3 contracts

Samples: Loan and Security Agreement (Tubemogul Inc), Loan and Security Agreement (Tubemogul Inc), Loan Agreement (Lojack Corp)

Overadvances. If the aggregate amount of the outstanding any Advances exceeds hereunder exceed the lesser of the Revolving Line Borrowing Base or the Borrowing Base at any timeCommitted Revolving Line, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 3 contracts

Samples: Loan and Security Agreement (N2h2 Inc), Loan and Security Agreement (N2h2 Inc), Loan and Security Agreement (Uol Publishing Inc)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any timeLine, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fusion-Io, Inc.), Loan and Security Agreement (U.S. Auto Parts Network, Inc.)

Overadvances. If the aggregate amount of the outstanding Revolving Advances exceeds the lesser of (a) the Contract Loan Value, or (b) the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Masergy Communications Inc)

Overadvances. If the aggregate principal amount of the outstanding Advances exceeds the lesser of (i) the Revolving Line or (ii) the Borrowing Base plus $7,500,000 at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nutanix, Inc.), Loan and Security Agreement (Nutanix, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base plus the Non-Formula Amount at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Wind Power Holdings Inc), Loan and Security Agreement (Wind Power Holdings Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Formula Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, after notice from Bank of such fact, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (GenMark Diagnostics, Inc.), Loan and Security Agreement (GenMark Diagnostics, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately promptly pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan Agreement (Lime Energy Co.), Loan Agreement (Qad Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, then Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or and the Borrowing Base at any time, Borrower the Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower Borrowers shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (TrueCar, Inc.), Loan and Security Agreement (TrueCar, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances plus the aggregate face amount of all outstanding Letters of Credit and the Credit Card Exposure exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Singulex Inc), Loan and Security Agreement (Singulex Inc)

Overadvances. If at any time the aggregate amount of the all outstanding Advances exceeds the lesser of the Revolving Line or (i) the Borrowing Base at any timeor (ii) the Committed Revolving Line, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ilx Lightwave Corp), Loan and Security Agreement (Ilx Lightwave Corp)

Overadvances. If the aggregate amount of the outstanding Advances plus the Ancillary Services Usage exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (Silk Road Medical Inc)

Overadvances. If the aggregate amount of the outstanding Advances (including the aggregate outstanding Cash Management Services but excluding any Advances under the Non-Formula Sublimit) exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Modification Agreement (Singulex Inc), Loan and Security Modification Agreement (Singulex Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately promptly pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement (Asyst Technologies Inc /Ca/), Loan and Security Agreement (Asyst Technologies Inc /Ca/)

Overadvances. If the aggregate amount of the outstanding Advances at any time exceeds the lesser of the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Carbonite Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Search Corp Com)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess. If the aggregate amount of the outstanding Advances with respect to Eligible Inventory exceeds one hundred percent (100%) of Eligible Accounts at any time, Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Telkonet Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately upon notice pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

Overadvances. If (a) the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, or (b) the aggregate amount of the outstanding Advances with respect to the Processing Revenues exceeds the Processing Revenues Sublimit at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Usa Technologies Inc)

Overadvances. If the aggregate amount of the outstanding Advances plus the face amount of all Letters of Credit then issued and unexpired exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (NeuroMetrix, Inc.)

Overadvances. If If, at any time, the aggregate amount sum of the outstanding principal amount of any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (InsPro Technologies Corp)

Overadvances. If at any time the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or (i) the Borrowing Base at any timeor (ii) the Committed Revolving Line, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Videonics Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately (i) pay to Bank, in cash, the amount of such excessexcess or (ii) cash secure such excess amount to the satisfaction of Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Concur Technologies Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately pay to BankLender, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan Agreement (MOVING iMAGE TECHNOLOGIES INC.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of (a) the Revolving Line or (b) the Borrowing Base plus the applicable Non-Formula Amount at any time, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (LDR Holding Corp)

Overadvances. If If, at any time, the aggregate amount sum of the outstanding principal amount of all Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any timeLine, Borrower shall immediately pay to Bank, Lender in cash, the amount of Cash such excess.

Appears in 1 contract

Samples: Loan Agreement (Net Element International, Inc.)

Overadvances. If If, at any time, the sum of (a) the aggregate outstanding principal amount of any Advances, plus (b) the aggregate outstanding principal amount of the outstanding Advances Term Loan Advances, exceeds the lesser of the Revolving Line or the Borrowing Base at any timeLine, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Jive Software, Inc.)

Overadvances. If the aggregate principal amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Bladelogic Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any timeamounts permitted to be borrowed under Section 2.1(b)(i), Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Electroglas Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Committed Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Newgistics, Inc)

Overadvances. If the aggregate amount of the outstanding Advances (other than the Non-Formula Advances) exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (IPC the Hospitalist Company, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances made under the Revolving Line exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base Limit at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (NewAge, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.. Interest Rates,

Appears in 1 contract

Samples: Loan and Security Agreement (Chordiant Software Inc)

Overadvances. If at any time the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any timeBase, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Everside Health Group, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances plus the aggregate amounts outstanding under the Letter of Credit Sublimit exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Bridgeline Digital, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line less Advances outstanding under the Related Agreements or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Villageedocs Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any timeLine, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Tripath Technology Inc)

Overadvances. If the aggregate amount of the outstanding Advances is greater than $1,000,000 and exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Avistar Communications Corp)

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Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess. Notwithstanding the foregoing, Bank shall endeavor to notify Borrower of any over-advance described in the foregoing sentence that results from the Bank changing the standards of eligibility reasonably in advance of any payment by Borrower with respect to such over-advance becoming due under this Section 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Conformis Inc)

Overadvances. If the aggregate amount of the outstanding Advances in excess of the Non-Formula Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Biolase Technology Inc)

Overadvances. If the aggregate amount of the outstanding Advances (including all Non-Formula Advances) exceeds the lesser of (i) the Revolving Line or (ii) the Borrowing Base plus all Nonformula Advances at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Bridgeline Digital, Inc.)

Overadvances. If If, at any time, the outstanding aggregate principal amount of the outstanding all Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any time(such excess, the “Overadvance”), Borrower shall immediately pay to Bank, Bank in cash, cash the amount of such excessOveradvance.

Appears in 1 contract

Samples: Loan and Security Agreement (Solta Medical Inc)

Overadvances. If at any time the aggregate amount of the Advances outstanding Advances exceeds the lesser of either (i) the Committed Revolving Line or (ii) the Borrowing Base at any timeBase, Borrower shall immediately pay in cash to Bank, in cash, Lender the amount of such excess.

Appears in 1 contract

Samples: Revolving Loan Agreement (One Link 4 Travel Inc)

Overadvances. If the aggregate amount of the outstanding Advances and Equipment Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Search Corp Com)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to lo Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Indie Semiconductor, Inc.)

Overadvances. If the aggregate principal amount of the all outstanding Advances exceeds shall at any time exceed the lesser of the Committed Revolving Line or the Borrowing Base at any timethen in effect, Borrower shall immediately pay to Bank, in cash, the entire amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Orchid Biosciences Inc)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, the Lenders in cash, cash the amount of such excess (such excess., the "Overadvance"

Appears in 1 contract

Samples: Loan and Security Agreement (Transgenomic Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to BankLender, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Focus Enhancements Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess; provided however, no payment is required hereunder if the aggregate amount of the outstanding Advances is equal to or less than the Nonformula Amount.

Appears in 1 contract

Samples: Loan Agreement (Scientific Learning Corp)

Overadvances. If the aggregate amount of the outstanding Advances plus the then current amount of the Sublimits exceeds the lesser of the Revolving Line or the Borrowing Base minus the amount of the Sublimits at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Overadvances. If If, at any time, the aggregate amount sum of the outstanding principal amounts of all Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any timeLine, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (LOCAL.COM)

Overadvances. If at any time the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Streamline Health Solutions Inc.)

Overadvances. If the aggregate amount of the outstanding Advances ------------ plus the aggregate face amount of all outstanding Letters of Credit exceeds the ---- lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Overadvances. If the aggregate amount of the outstanding Advances plus the then current amount of the Sublimits exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainmaker Systems Inc)

Overadvances. If the aggregate amount of the outstanding ------------ Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Citadel Security Software Inc)

Overadvances. If the aggregate amount of the outstanding Advances (including, without limitation, any amounts deemed to constitute Advances under Section 2.1(b)(iii)) exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Smartbargains, Inc.)

Overadvances. If If, at any time, the sum of (a) the outstanding principal amount of any Advances, plus (b) the aggregate amount of the outstanding Advances any Reserves exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Reval Holdings Inc)

Overadvances. If the aggregate amount of the outstanding Advances, Borrowing Base Advances and Equipment Advances exceeds the lesser of the Revolving Line or the Borrowing Base Maximum Commitment at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Search Corp Com)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base amounts permitted to be borrowed under Section 2.1(b)(i) hereof at any time, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the maximum principal amount of the Committed Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Vastera Inc)

Overadvances. If the aggregate amount of the outstanding Advances and Credit Extensions hereunder exceeds the lesser of the Revolving Term Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinera Corp)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, the Lenders in cash, the amount of cash such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (NanoString Technologies Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of (i) the Committed Revolving Line or (ii) with respect to Advances other than Sublimit A Advances, the Take-Out Advance or the Equipment Advances, the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuvasive Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the (A) Revolving Line Line, or (B) the Borrowing Base at any time, Borrower Borrowers shall immediately upon notice pay to BankLender, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

Overadvances. If the aggregate amount of the outstanding Advances (including any Credit Card Services) exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Overadvances. If If, at any time or for any reason, the aggregate outstanding principal amount of the outstanding Advances hereunder exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any timeLine, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Symbollon Corp)

Overadvances. If the aggregate amount of the outstanding Advances under the Revolving Line exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower Borrowers shall immediately upon notice, pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Everyday Health, Inc.)

Overadvances. If the aggregate amount of the outstanding Advances plus the aggregate amount outstanding under the Ancillary Services Sublimit exceeds the lesser of the Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (BlackSky Technology Inc.)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, the amount of cash such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Sagent Pharmaceuticals, Inc.)

Overadvances. If at any time the aggregate amount of the outstanding Advances plus the principal amount of the Growth Capital Advance that has been converted pursuant to Section 2.1(c)(ii) exceeds the lesser of the Revolving Line or the Borrowing Base at any timeBase, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra, Inc.)

Overadvances. If If, at any time, the aggregate outstanding principal amount of the outstanding Advances exceeds the lesser of either the Revolving Line or the Borrowing Base at any timeBase, Borrower shall immediately pay to Bank, Bank in cash, cash the amount of such excess (such excess, the “Overadvance”).

Appears in 1 contract

Samples: Loan and Security Agreement (Rosetta Stone Inc)

Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Committed Revolving Line or the Borrowing Base at any timeon or after January 1, Borrower 2000, Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

Appears in 1 contract

Samples: Loan and Security Agreement (Viewlocity Inc)

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