Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 9 contracts
Samples: Loan and Security Agreement (Alpine Group Inc /De/), Loan and Security Agreement (Harolds Stores Inc), Loan and Security Agreement (Pioneer Companies Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 4 contracts
Samples: Loan and Security Agreement (En Pointe Technologies Inc), Loan and Security Agreement (Archibald Candy Corp), Loan and Security Agreement (Party City Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 4 contracts
Samples: Loan and Security Agreement (Overstock Com Inc), Loan and Security Agreement (Viskase Companies Inc), Loan and Security Agreement (Viskase Companies Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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 Section 2.12, as applicable (an "Overadvance"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 4 contracts
Samples: Loan Agreement (Source Interlink Companies Inc), Loan and Security Agreement (Phibro Animal Health Corp), Loan Agreement (Source Interlink Companies Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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 Section 2.12, as applicable (an "Overadvance"), Borrowers immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 3 contracts
Samples: Loan and Security Agreement (Seitel Inc), Loan and Security Agreement (Seitel Inc), Loan and Security Agreement (Elxsi Corp /De//)
Overadvances. IfSubject to Section 2.3(i), if, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 3 contracts
Samples: Loan and Security Agreement (Acme Television LLC), Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"”), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations such Overadvances in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 3 contracts
Samples: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"”), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 3 contracts
Samples: Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers Borrower 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"”), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.3(b). In addition, Borrowers Borrower hereby promise 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 2 contracts
Samples: Loan and Security Agreement (Swank, Inc.), Loan and Security Agreement (Swank, Inc.)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers Borrower to the Lender Group 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"”), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.3(b). All Overadvances shall be treated as Base Rate Loans. In addition, Borrowers Borrower hereby promise 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 2 contracts
Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"”), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Trust Created February 25 1986), Loan and Security Agreement (Evergreen Holdings Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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 "OveradvanceOVERADVANCE"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(bSECTION 2.4(B). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Evergreen International Aviation Inc), Loan and Security Agreement (James River Coal CO)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section SECTION 2.4(b). In addition, Borrowers hereby 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
Samples: 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 (other than Bank Product Obligations) owed by 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, 2.12 (an "Overadvance"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Amerco /Nv/), Loan and Security Agreement (Outsourcing Services Group Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers the Credit Parties 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 Section 2.12, as applicable (an "“Overadvance"”), Borrowers immediately Borrower shall within three (3) Business Days pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 2 contracts
Samples: Loan and Guaranty Agreement (Collective Brands, Inc.), Loan and Guaranty Agreement (Payless Shoesource Inc /De/)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"”), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 2 contracts
Samples: Loan and Security Agreement (Overstock Com Inc), Loan and Security Agreement (OVERSTOCK.COM, Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 2 contracts
Samples: Loan and Security Agreement (Intervoice Brite Inc), Loan and Security Agreement (Harvey Electronics Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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 Section 2.12, as applicable (an "“Overadvance"”), Borrowers immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Matrix Geophysical, Inc.), Loan and Security Agreement (Seitel Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"”), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in Table of Contents accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by Borrowers the Credit Parties 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 Section 2.12, as applicable (an "Overadvance"), Borrowers immediately Borrower shall within three (3) Business Days pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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
Samples: Loan, Guaranty and Security Agreement (Payless Shoesource Inc /De/)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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
Samples: Loan and Security Agreement (eTelecare Global Solutions, Inc.)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers to the Lender Group 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"”), Borrowers immediately shall shall, except as otherwise arranged in accordance with the terms of Section 2.3(d)(ii), pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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, other than pursuant to SECTION 2.1(b), the amount of Obligations (other than Bank Product Obligations) owed by 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 "OveradvanceOVERADVANCE"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section SECTION 2.4(b). In addition, Borrowers hereby 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 (other than Bank Product Obligations) owed by Borrowers 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"”), Borrowers Borrower immediately shall pay to Administrative Agent, in cash, the amount of such excess, which amount shall be used by Administrative Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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
Samples: Loan and Security Agreement (Northland Cranberries Inc /Wi/)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers to the Lender Group pursuant to Sections SECTIONS 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or 2.12, (an "OveradvanceOVERADVANCE"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the related Obligations in accordance with the priorities set forth in Section 2.4(b)that caused such Overadvance. In addition, Borrowers hereby 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 (other than Bank Product Obligations) owed by Borrowers 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, 2.12 (an "“Overadvance"”), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by Borrowers Borrower to the Lender Group pursuant to Sections Section 2.1 and or Section 2.12 is greater -42- than either the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, as applicable (an "Overadvance"), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by Borrowers Borrower to the Lender Group pursuant to Sections Section 2.1 and 2.12 or Section 2.10 is greater than either the Dollar or percentage limitations set forth in Sections Section 2.1 or 2.12Section 2.10, as applicable (an "“Overadvance"”), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.3(b), but subject to Section 2.3(b)(ii). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by Borrowers any 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 Section 2.12, as applicable (an "“Overadvance"”), Borrowers such Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers each Borrower hereby promise promises to pay the its 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
Samples: Loan and Security Agreement (SMART Modular Technologies (DE), Inc.)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Obligations with respect to Bank Product ObligationsProducts) owed by Borrowers to the 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 Section 2.1 or 2.122.13, (an "Overadvance"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(bsubsection 2.3(c). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Ultimate Electronics Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers Borrower 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"), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.3(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by 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"), Borrowers immediately shall shall, within 1 Business Day of the occurrence of an Overadvance, pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Dairy Mart Convenience Stores Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"”), Borrowers Borrower immediately shall pay to Collateral Agent, in cash, the amount of such excess, which amount shall be used by Collateral Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by Borrowers any 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 Section 2.12, as applicable (an "“Overadvance"”), Borrowers such Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers each Borrower hereby promise promises to pay the its 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
Samples: Loan and Security Agreement (SMART Modular Technologies (WWH), Inc.)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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 Section 2.12, as applicable (an "Overadvance"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers (and each of them, jointly and severally) hereby 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
Samples: Loan and Security Agreement (Majestic Star Casino LLC)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"”), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 (other than Bank Product Obligations) owed by Borrowers 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 Section 2.12, as applicable (an "“Overadvance"”), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b2.4(f). In addition, Borrowers Borrower hereby promise 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
Samples: Debt and Security Agreement
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers Subsidiary 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"), Borrowers Subsidiary Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Subsidiary Borrower hereby promise 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 Subsidiary Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (Futurelink Corp)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Advanced Marketing Services Inc)
Overadvances. IfSubject to Section 2.3(i), if, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"”), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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
Samples: Loan and Security Agreement (Acme Communications Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations such Overadvances in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 (other than Bank Product Obligations) owed by Borrowers to the Lender Group pursuant to Sections Section 2.1 and Section 2.12 is greater than either the Dollar or percentage limitations set forth in Sections Section 2.1 or Section 2.12, (an "Overadvance"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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
Samples: Loan and Security Agreement (Mercury Air Group Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by 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"), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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. INTEREST RATES AND LETTER OF CREDIT FEE: RATES, PAYMENTS, AND CALCULATIONS.
Appears in 1 contract
Samples: Loan and Security Agreement (Elgin National Industries Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers 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"), Borrowers subject to Section 2.3(i), Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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
Samples: Loan and Security Agreement (Leapfrog Enterprises Inc)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers Borrower to the Lender Group pursuant to Sections SECTIONS 2.1 and 2.12 is greater than either the Dollar or percentage limitations set forth in Sections SECTIONS 2.1 or 2.12, (an "OveradvanceOVERADVANCE"), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(bSECTION 2.4(B). In addition, Borrowers Borrower hereby promise 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 Post-Petition 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 Borrowers 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, 2.12 (an "“Overadvance"”), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by 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 Section 2.1 or 2.12, 2.12 (an "Overadvance"), Borrowers immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 (other than Bank Product Obligations) owed by Borrowers 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 Section 2.12, as applicable (an "“Overadvance"”), Borrowers immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby 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 (other than Bank Product Obligations) owed by Borrowers 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 2.12, OR 2.12 (an "Overadvance"), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(bSECTION 2.4(B). In addition, Borrowers Borrower hereby promise 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
Samples: Loan and Security Agreement (Nabi Biopharmaceuticals)
Overadvances. If, at any time or for any reason, the amount of Obligations (other than Bank Product Obligations) owed by Borrowers Borrower to the Lender Group pursuant to Sections 2.1 and or 2.12 is greater than either the Dollar or percentage limitations set forth in Sections 2.1 or 2.12, 2.12 (an "“Overadvance"”), Borrowers Borrower immediately shall pay to Agent, in cash, the amount of such excess, which amount shall be used by Agent to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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 (other than Bank Product Obligations) owed by Borrowers 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, 2.12 (an "Overadvance"), Borrowers Borrower immediately shall pay to AgentLender, in cash, the amount of such excess, which amount shall be used by Agent Lender to reduce the Obligations in accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers Borrower hereby promise 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