Common use of Overdraft Advances Clause in Contracts

Overdraft Advances. If, after the close of business on any Banking Day, any banking account of the Borrowers with the Lender is determined by the Lender to have an Overdraft, the Lender, in its sole discretion on each and any such occasion may (and is hereby irrevocably authorized by the Borrowers to), but is not obligated to, make an advance under any of the Revolving Loans to the Borrowers in a principal amount equal to any such Overdraft as of the close of business on such Banking Day. All Overdrafts shall be secured by the Collateral.

Overdraft Advances. If, after the close of business on any Banking Day, any banking account of the Borrowers either Borrower with the Lender is determined by the Lender to have an Overdraft, the Lender, in its sole discretion on each and any such occasion may (and is hereby irrevocably authorized by the Borrowers to), but is not obligated to, make an advance under any of the Revolving Loans Loan to the Borrowers in a principal amount equal to any such Overdraft as of the close of business on such Banking Day. All Overdrafts shall be secured by the Collateral.

Overdraft Advances. If, If after the close of business on any Banking Day, any banking account of the Borrowers Borrower with the Lender is determined by the Lender to have an Overdraft, the Lender, in its sole discretion on each and any such occasion may (and is hereby irrevocably authorized by the Borrowers Borrower to), but is not obligated to, make an advance under any of the Revolving Loans Loan to the Borrowers Borrower in a principal amount equal to any such Overdraft as of the close of business on such Banking Day. All Overdrafts shall be secured by the Collateral.

Overdraft Advances. If, after the close of business on any Banking Day, any banking account of the Borrowers Borrower with the Lender is determined by the Lender to have an Overdraft, the Lender, in its sole discretion on each and any such occasion may (and is hereby irrevocably authorized by the Borrowers Borrower to), but is not obligated to, make an advance under any of the Revolving Loans Loan to the Borrowers Borrower in a principal amount equal to any such Overdraft as of the close of business on such Banking Day. All Overdrafts shall be secured by the Collateral.