Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 5 contracts
Sources: Credit Agreement (Piccadilly Cafeterias Inc), Loan and Security Agreement (Special Devices Inc /De), Loan and Security Agreement (Peninsula Gaming Co LLC)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "“Overadvance"”), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 4 contracts
Sources: Credit Agreement (Hawaiian Holdings Inc), Credit Agreement (Infocus Corp), Credit Agreement (SAVVIS, Inc.)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 3 contracts
Sources: Loan Agreement (Arg Property Management Corp), Loan and Security Agreement (Futurelink Corp), Loan and Security Agreement (Peninsula Gaming Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections SECTIONS 2.1 and AND 2.12 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or OR 2.12, (an "OveradvanceOVERADVANCE"), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section SECTION 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Loan and Security Agreement (Peregrine Systems Inc), Loan and Security Agreement (Frontstep Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "Overadvance"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Credit Agreement (Cryolife Inc), Senior Secured Credit Agreement (Cray Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrower to Lender pursuant to Sections Section 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12Section 2.1, (an "“Overadvance"”), Borrower immediately promptly shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b)2.15. In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 2.1, 2.2, or 2.12, (an "Overadvance"), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Loan and Security Agreement (Hudson Highland Group Inc), Loan and Security Agreement (Hudson Highland Group Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "“Overadvance"”), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Credit Agreement (Oasis Interval Ownership, LLC), Credit Agreement (155 East Tropicana, LLC)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Loan and Security Agreement (Prandium Inc), Loan and Security Agreement (Riviera Holdings Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Loan and Security Agreement (Majestic Investor Capital Corp), Loan and Security Agreement (Majestic Investor Capital Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, 2.12 (an "Overadvance"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 2 contracts
Sources: Loan and Security Agreement (Kroll Inc), Loan and Security Agreement (Cray Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "“Overadvance"”), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Lazy Days R.V. Center, Inc.)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrower to Lender pursuant to Sections Section 2.1 and 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or 2.12, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.3(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Velocity Asset Management Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "“Overadvance"”), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Credit Agreement (Cryolife Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections Section 2.1 and or Section 2.12 is greater than either the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections Section 2.1 and 2.12 or Section 2.11 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or 2.12Section 2.11, as applicable (an "“Overadvance"”), Borrower Borrowers shall immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises Borrowers jointly and severally promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable under pursuant to the terms of this Agreement and the other Loan DocumentsAgreement.
Appears in 1 contract
Sources: Credit Agreement (Skechers Usa Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections Section 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12Section 2.1, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Interact Commerce Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "“Overadvance"”), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Old Evangeline Downs Capital Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations such Overadvances in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "“Overadvance"”), Borrower Borrowers immediately upon demand shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Credit Agreement (Buca Inc /Mn)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Northland Cranberries Inc /Wi/)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Paradyne Networks Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections SECTIONS 2.1 and 2.12 AND 2.11 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or 2.12OR 2.11, (an "OveradvanceOVERADVANCE"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(bSECTION 2.3(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by the Borrower to the Lender Group pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "Overadvance"), the Borrower immediately shall pay to Lenderthe Agent, in cash, the amount of such excess, which amount shall be used by Lender the Agent to reduce the Obligations in accordance with the priorities priority set forth in Section 2.4(b2.3(b). In addition, the Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Corrections Corp of America/Md)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, 2.12 (an "Overadvance"), Borrower DF shall immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater than either the Dollar or percentage limitations set forth in Sections Section 2.1 or 2.12, Section 2.12 (an "“Overadvance"”), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections Section 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12Section 2.1, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.3(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections SECTIONS 2.1 and AND 2.12 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or OR 2.12, (an "OveradvanceOVERADVANCE"), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section SECTION 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Lender pursuant to Sections SECTIONS 2.1 and AND 2.12 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or OR 2.12, (an "OveradvanceOVERADVANCE"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section SECTION 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, (an "“Overadvance"”), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Sections SECTIONS 2.1 and 2.12 AND 2.14 is greater than either the Dollar or percentage limitations set forth in Sections SECTION 2.1 or 2.12OR 2.14, (an "OveradvanceOVERADVANCE"), Borrower Borrowers immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section SECTION 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Ultimate Electronics Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "Overadvance"), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections Section 2.1 and 2.12 is greater than either the Dollar or percentage limitations maximum amount allowed to be outstanding as set forth in Sections 2.1 or 2.12Section 2.1, (an "Overadvance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In additionWithout limiting the foregoing, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater than either any of the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "Overadvance"), Borrower immediately shall pay to LenderAdministrative Agent, in cash, the amount of such excess, which amount shall be used by Lender Administrative Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable under pursuant to the terms of this Agreement and the other Loan DocumentsAgreement.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, 2.12 (an "OveradvanceOver advance"), Borrower immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in United States Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrower Borrowers to Lender pursuant to Sections 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections Section 2.1 or 2.12, 2.12 (an "Overadvance"), Borrower Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower Borrowers hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to Lender as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Lender Group pursuant to Sections 2.1 and 2.12 2.13 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12and 2.13, (an "Overadvance"), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (E Spire Communications Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections 2.1 and 2.12 2.2 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.122.2, (an "Overadvance"), Borrower the Obligors immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities priority set forth in Section 2.4(b). In addition, Borrower the Obligors hereby promises promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Sections SECTIONS 2.1 and 2.12 OR 2.2 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or 2.12OR 2.2, (an "OveradvanceOVERADVANCE"), Borrower immediately shall pay to LenderAgent, in cash, the amount of such excess, which amount shall be used by Lender Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(bSECTION 2.5(b). In addition, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full to the Lender Group as and when due and payable under the terms of this Agreement and the other Loan Documents.
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Sources: Loan and Security Agreement (3do Co)