Common use of Overadvances Clause in Contracts

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 12 contracts

Samples: Credit Agreement (Realpage Inc), Credit Agreement (Powerwave Technologies Inc), Credit Agreement (Navarre Corp /Mn/)

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Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower Borrowers shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared (other than the Bank Product Obligations) become due and payable pursuant to the terms of this Agreement.

Appears in 10 contracts

Samples: Credit Agreement (Renewable Energy Group, Inc.), Credit Agreement (Sirva Inc), Credit Agreement (Renewable Energy Group, Inc.)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared (other than the Bank Product Obligations) become due and payable pursuant to the terms of this Agreement.

Appears in 7 contracts

Samples: Credit Agreement (Jda Software Group Inc), Credit Agreement (Daegis Inc.), Credit Agreement (Daegis Inc.)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section Sections 2.1 or Section 2.11 and 2.12 is greater than any of either the Dollar or percentage limitations set forth in Section Sections 2.1 or Section 2.112.12, as applicable (an "Overadvance"), Borrower immediately shall immediately 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, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared to Lender as and when due and payable pursuant to under the terms of this AgreementAgreement and the other Loan Documents.

Appears in 5 contracts

Samples: Loan and Security Agreement (Special Devices Inc /De), Credit Agreement (Piccadilly Cafeterias Inc), 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 Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower immediately shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Servicesource International LLC), Credit Agreement (Servicesource International LLC), Credit Agreement (Baseline Oil & Gas Corp.)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower immediately shall immediately 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, Borrower hereby promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared as and when due and payable pursuant to under the terms of this AgreementAgreement and the other Loan Documents.

Appears in 4 contracts

Samples: 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 the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an "Overadvance"), Borrower Borrowers immediately shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Dune Energy Inc), Credit Agreement (Orion Healthcorp Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower Borrowers immediately shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Youbet Com Inc), Credit Agreement (Bell Industries Inc /New/), Credit Agreement (SoftBrands, Inc.)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an "Overadvance"), Borrower Borrowers shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared (other than the Bank Product Obligations) become due and payable pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Wabash National Corp /De), Credit Agreement (Wabash National Corp /De)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower Borrowers shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Angiotech Pharmaceuticals Inc), Credit Agreement (Medquist Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an "Overadvance"), Borrower Borrowers shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Angiotech Pharmaceuticals Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an "Overadvance"), Borrower immediately shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower Borrowers immediately shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (USA Mobility, Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower Borrowers shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared become due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Angiotech Pharmaceuticals Inc)

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Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower Borrowers immediately upon demand shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Foothills Resources Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an "Overadvance"), Borrower shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared (other than the Bank Product Obligations) become due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Realpage Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 2.10 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.10, as applicable (an “Overadvance”), Borrower Borrowers shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Securus Technologies, Inc.)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower Borrowers shall immediately 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). Borrower promises Borrowers jointly and severally promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Skechers Usa Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower immediately shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.. BN 0000000x0

Appears in 1 contract

Samples: Credit Agreement (Teltronics Inc)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 is greater than any of the limitations set forth in Section 2.1 or Section 2.11, as applicable (an “Overadvance”), Borrower Borrowers, as soon as practicable, but in any event within one (1) Business Day shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ascendia Brands, Inc.)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower immediately shall immediately 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). Borrower promises to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Final Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Dip Credit Agreement (Storm Cat Energy CORP)

Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrower Borrowers to the Lender Group pursuant to Section 2.1 or Section 2.11 2.12 is greater than any of the limitations set forth in Section 2.1 or Section 2.112.12, as applicable (an “Overadvance”), Borrower Borrowers immediately upon demand shall immediately 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). Borrower promises Borrowers promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full on the Final Maturity Date or, if earlier, on the date on which the Obligations are declared due and payable pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Dip Credit Agreement (Foothills Resources Inc)

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