Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 13 contracts
Samples: Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Maker Communications Inc), Loan and Security Agreement (Synchronicity Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 7 contracts
Samples: Loan and Security Agreement (Hybrid Networks Inc), Loan and Security Agreement (Jetfax Inc), Loan and Security Agreement (Visual Networks Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 6 contracts
Samples: Loan and Security Agreement (Sagent Technology Inc), Loan and Security Agreement (Ibasis Inc), Loan and Security Agreement (Newgen Results Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line Commitment or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 4 contracts
Samples: Loan and Security Agreement (Imanage Inc), Loan Modification Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1.1, 2.1.3 and 2.1.4 of this Agreement Agreement, plus the amount of all outstanding Cash Management Advances, is greater than the lesser of (i) the Committed Revolving Line Commitment or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 4 contracts
Samples: Loan and Security Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 4 contracts
Samples: Loan and Security Agreement (Invision Technologies Inc), Loan and Security Agreement (Qualmark Corp), Loan and Security Agreement (Brio Technology Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations under this Exim Agreement owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line Borrowing Base or (ii) the Borrowing BaseExim Committed Line, the Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 3 contracts
Samples: Loan and Security Agreement (Aspen Technology Inc /De/), Export Import Bank Loan and Security Agreement (Datawatch Corp), Export Import Bank Loan and Security Agreement (Ibasis Inc)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 3 contracts
Samples: Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Jetfax Inc), Loan and Security Agreement (Jetfax Inc)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations pursuant to this Exim Agreement owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Exim Agreement is greater than the lesser of (i) the Committed Revolving Line Borrowing Base or (ii) the Borrowing BaseExim Committed Line, at the option of Bank, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (Open Market Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 or 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan and Security Agreement (Allaire Corp), Loan and Security Agreement (Pharmaprint Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank Lender pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseLine, Borrower shall immediately pay to BankLender, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan and Security Agreement (Physicians Insurance Co of Ohio), Loan and Security Agreement (Pc Quote Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank Lender pursuant to Section 2.1.1 SECTION 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to BankLender, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Subordination Agreement (Zindart LTD), Subordination Agreement (Intervisual Books Inc /Ca)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan Agreement (Lionbridge Technologies Inc /De/), Loan and Security Agreement (Isky Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan Agreement (Systemsoft Corp), Loan and Security Agreement (Systemsoft Corp)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseLine, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan Agreement (Ultradata Corp), Loan and Security Agreement (Inktomi Corp)
Overadvances. If, If at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section Sections 2.1.1 and 2.1.4 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan Modification Agreement (Maker Communications Inc), Loan Modification Agreement (Maker Communications Inc)
Overadvances. If, If at any time or for any reason, the amount of Obligations --- ------------ Indebtedness owed by Borrower to Bank pursuant to Section 2.1.1 2.1 and 2.5 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Baseaggregate amount available to be drawn under Section 2.1, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement, Revolving Credit and Security Agreement (Ikos Systems Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess." and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan Modification Agreement (Natural Microsystems Corp), Loan Modification Agreement (Bluestone Software Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan and Security Agreement (Vista Medical Technologies Inc), Loan and Security Agreement (Vista Medical Technologies Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1.1, 2.1.2 and 2.1.3 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan and Security Agreement (Objectshare Inc), Loan and Security Agreement (Vista Information Solutions Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 2 contracts
Samples: Loan and Security Agreement (Simione Central Holdings Inc), Loan and Security Agreement (Spectranetics Corp)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseLine, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Astea International Inc)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1.1, and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseLine, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Juno Online Services Inc)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount ------------ of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Manhattan Associates Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations Advances owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Art Technology Group Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations pursuant to this Exim Agreement owed by Borrower to Bank pursuant to Section 2.1.1 of this Exim Agreement is greater than the lesser of of
(i) the Committed Revolving Line Borrowing Base or (ii) the Borrowing BaseExim Committed Line, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations ------------ Advances owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.2 of this Agreement is greater than the Committed Revolving Line, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) and the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Mission Critical Software Inc)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excessthe Obligations exceed the Committed Line or Borrowing Base.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Iprint Technologies Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 or 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseLine, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Safeguard Health Enterprises Inc)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section SECTION 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations Obligations, less any unpaid accounts receivable purchased or transferred pursuant to the Asset Purchase Plan between Borrower and Bank, owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan Agreement (Tripath Imaging Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseTerm Loan facility amount, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Pacific Biometrics Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section Sections 2.1, 2.1.1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess. Interest Rates, Payments, and Calculations.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.l(a), 2.l(b), 2.1(c) and 2.l(d) of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section Sections 2.1.1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 Sections 2.1.1, 2.1.2 and 2.1.3 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations under this Exim Agreement owed by Borrower to Bank pursuant to Section 2.1.1 2.2 and 2.3 of this Exim Agreement is greater than the lesser of (i) the Committed Revolving Line Borrowing Base or (ii) the Borrowing BaseExim Committed Line, the Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the ------------ amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1.1, 2.1.2 and 2.1.3 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 or 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess." and inserting in lieu thereof the following:
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of -------------- Obligations owed by Borrower to Bank pursuant to Section 2.1 and Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, If the amount of Obligations owed by ------------ Borrower to Bank pursuant to Section 2.1.1 2.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2. 1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Exim Agreement is greater than the lesser of (i) the Exim Committed Revolving Line Line, or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Invision Technologies Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section Sections 2.1.1 and 2.1.3 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Natural Microsystems Corp)
Overadvances. If, at any time or for any reason, If the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, If the amount of Obligations Advances owed by Borrower to Bank pursuant to Section Sections 2.1 and 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reasonreason prior to the ------------ Initial Public Offering, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Quicklogic Corporation)
Overadvances. If, at any time time, or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 Sections 2.1.1, 2.1.2 and 2.1.3 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, whichever is less, then Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 Sections 2. 1. 1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Exim Agreement is greater than the lesser of (i) the Exim Committed Revolving Line Line, or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of of
(i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Nuko Information Systems Inc /Ca/)
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1.1, 2.1.2 and 2.13 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Integrated Packaging Assembly Corp)
Overadvances. If, at any time or for any reason, the amount of ------------ Obligations owed by Borrower Borrowers to Bank pursuant to Section 2.1.1 and 2.1.2 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower Borrowers shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (SQL Financials International Inc /De)
Overadvances. If, at any time or for any reason, the 10 15 amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1 of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to Bank pursuant to Section 2.1.1 2.1.1, of this Agreement is greater than the lesser of (i) the Committed Revolving Line or (ii) the then-current Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Appears in 1 contract
Samples: Loan and Security Agreement (Mobius Management Systems Inc)
