Common use of Overlines and Overadvances Clause in Contracts

Overlines and Overadvances. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the maximum Borrowing Base Amount), Borrowers agree to pay the excess amount (an "overline") immediately upon demand by Bank. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree to pay the excess amount (an "overadvance") immediately upon demand by Bank. Overlines and overadvances shall bear interest at the rate stated in the Note. If not sooner paid, interest on overlines and overadvances shall be paid on the first day of each month, until the Termination Date. Upon request of Bank, Borrowers shall execute a promissory note, payable to the order of Bank, to represent the amount of any overline and any overadvance; however, Borrowers acknowledge and agree that the records of Bank and this Agreement shall constitute conclusive evidence of any overline or overadvance and the obligation of Borrowers to repay any overline or overadvance, with interest. All overlines and overadvances for which Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines and overadvances not due and payable earlier, shall be due and payable on the Termination Date. Borrowers acknowledge and agree that Bank is not obligated to Borrowers to make any Revolving Loan or issue Letters of Credit that would create an overline or an overadvance.

Overlines and Overadvances. In If at any time the event sum of the unpaid principal face amount of the then outstanding Revolving Loans and Letters letters of Credit credit plus the then outstanding principal under the Revolving Loan Commitment ever Note exceeds the maximum face amount of the Revolving Note, Borrowers agree to pay the excess amount (each an “Overline”) immediately upon demand by Bank. If at any time the sum of the face amount of the then outstanding letters of credit plus the then outstanding principal under the Revolving Note exceeds the Borrowing Base Amount)Base, Borrowers agree to pay the excess amount (an "overline") immediately upon demand by Bank. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree to pay the excess amount (an "overadvance"“Overadvance”) immediately upon demand by Bank. Overlines and overadvances Overadvances shall bear interest at the rate stated in the NoteRevolving Loan Rate or Default Rate, as applicable. If not sooner paid, interest on overlines Overlines and overadvances Overadvances shall be paid on the first last day of each month, until the Termination Revolving Loan Maturity Date. Upon request of Bank, Borrowers Xxxxxxxxx shall execute a promissory note, note payable to the order of Bank, Bank to represent the amount of any overline Overline and any overadvanceOveradvance; however, Borrowers acknowledge and agree that the records of Bank and this Agreement shall constitute conclusive evidence of any overline Overline or overadvance Overadvance and the obligation of Borrowers to repay any overline or overadvanceOverline and Overadvance, with interest. All overlines Overlines and overadvances Overadvances for which Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines Overlines and overadvances Overadvances not due and payable earlier, shall be due and payable on the Termination Revolving Loan Maturity Date. Borrowers acknowledge and agree that Bank is not obligated to Borrowers to make fund any Revolving Loan or issue Letters of Credit Advance that would create an overline Overline or an overadvanceOveradvance.

Overlines and Overadvances. In Notwithstanding the provisions of Section 3.2.1 hereof, in the event that at any time the aggregate unpaid principal amount of the outstanding Revolving Acquisition Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds $9,000,000 (the maximum possible amount of the Borrowing Base Amount), Borrowers agree the Borrower agrees to pay the excess amount (an "overline") immediately upon demand by the Bank. In the event the unpaid principal amount of the outstanding Revolving Acquisition Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree the Borrower agrees to pay the excess amount (an "overadvance") immediately upon demand by the Bank. Overlines and overadvances shall bear interest at the rate stated (or at the highest rate, if more than one rate is then in effect) borne by the Acquisition Note. If not sooner paid, interest on overlines and overadvances shall be paid on the first day of each month, until the Termination Date. Upon request of the Bank, Borrowers the Borrower shall execute a promissory note, payable to the order of the Bank, to represent the amount of any overline and any or overadvance; however, Borrowers acknowledge the Borrower acknowledges and agree agrees that the records of the Bank and this Agreement shall constitute conclusive evidence of any overline or overadvance and the obligation of Borrowers the Borrower to repay any overline or overadvance, with interest. All overlines and overadvances for which the Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines and overadvances not due and payable earlier, shall be due and payable on the Termination Date. Borrowers acknowledge The Borrower acknowledges and agree agrees that the Bank is not obligated to Borrowers the Borrower to make fund any Revolving Loan or issue Letters of Credit that advance which would create an overline or an overadvance.

Overlines and Overadvances. In Notwithstanding the provisions of Section 2.2.1 hereof, in the event that at any time the aggregate unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds $8,000,000 (the maximum possible amount of the Borrowing Base Amount), Borrowers agree Borrower agrees to pay the excess amount (an "overline") immediately upon demand by Bank. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree Borrower agrees to pay the excess amount (an "overadvance") immediately upon demand by BankLender. Overlines and overadvances shall bear interest at the rate stated (or at the highest rate, if more than one rate is then in effect) borne by the Revolving Note. If not sooner paid, interest on overlines and overadvances shall be paid on the first day of each month, until the Termination Date. Upon request of Bank, Borrowers Borrower shall execute a promissory note, payable to the order of Bank, to represent the amount of any overline and any or overadvance; however, Borrowers acknowledge Borrower acknowledges and agree agrees that the records of Bank and this Agreement shall constitute conclusive evidence of any overline or overadvance and the obligation of Borrowers Borrower to repay any overline or overadvance, with interest. All overlines and overadvances for which Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines and overadvances not due and payable earlier, shall be due and payable on the Termination Date. Borrowers acknowledge Borrower acknowledges and agree agrees that Bank is not obligated to Borrowers Borrower to make fund any Revolving Loan or issue Letters of Credit that advance which would create an overline or an overadvance.

Overlines and Overadvances. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the maximum Borrowing Base Amount), Borrowers agree to pay the excess amount (an "overline") immediately upon demand by Bank. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree to pay the excess amount (an "overadvance") immediately upon demand by Bank. Overlines and overadvances shall bear interest at the rate stated in the Note. If not sooner paid, interest on overlines and overadvances shall be paid on the first last day of each month, until the Termination Date. Upon request of Bank, Borrowers shall execute a promissory note, payable to the order of Bank, to represent the amount of any overline and any overadvance; however, Borrowers acknowledge and agree that the records of Bank and this Agreement shall constitute conclusive evidence of any overline or overadvance and the obligation of Borrowers to repay any overline or overadvance, with interest. All overlines and overadvances for which Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines and overadvances not due and payable earlier, shall be due and payable on the Termination Date. Borrowers acknowledge and agree that Bank is not obligated to Borrowers to make any Revolving Loan or issue Letters of Credit that would create an overline or an overadvance.

Overlines and Overadvances. In Notwithstanding the provisions of Section 2.2.1 hereof, in the event that at any time the aggregate unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds $10,000,000 (the maximum possible amount of the Borrowing Base Amount), Borrowers agree the Borrower agrees to pay the excess amount (an "overline") immediately upon demand by the Bank. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree the Borrower agrees to pay the excess amount (an "overadvance") immediately upon demand by the Bank. Overlines and overadvances shall bear interest at the rate stated (or at the highest rate, if more than one rate is then in effect) borne by the Revolving Note. If not sooner paid, interest on overlines and overadvances shall be paid on the first day of each month, until the Termination Date. Upon request of the Bank, Borrowers the Borrower shall execute a promissory note, payable to the order of the Bank, to represent the amount of any overline and any or overadvance; however, Borrowers acknowledge the Borrower acknowledges and agree agrees that the records of the Bank and this Agreement shall constitute conclusive evidence of any overline or overadvance and the obligation of Borrowers the Borrower to repay any overline or overadvance, with interest. All overlines and overadvances for which the Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines and overadvances not due and payable earlier, shall be due and payable on the Termination Date. Borrowers acknowledge The Borrower acknowledges and agree agrees that the Bank is not obligated to Borrowers the Borrower to make fund any Revolving Loan or issue Letters of Credit that advance which would create an overline or an overadvance.

Overlines and Overadvances. In Notwithstanding the provisions of Section 2.2.1 hereof, in the event that at any time the aggregate unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds $5,000,000.00 (the maximum possible amount of the Borrowing Base Amount), Borrowers agree the Borrower agrees to pay the excess amount (an "overline") immediately upon demand by the Bank. Notwithstanding the foregoing, Borrower agrees and understands that any overline is prohibited. In the event the unpaid principal amount of the outstanding Revolving Loans and Letters of Credit under the Revolving Loan Commitment ever exceeds the current Borrowing Base Amount then in effect, Borrowers agree the Borrower agrees to pay the excess amount (an "overadvance"''') immediately upon demand by the Bank. Overlines and overadvances shall bear interest at the rate stated in the Note. If not sooner paid, interest on overlines and overadvances shall be paid on the first day of each month, until the Termination Date18% per annum. Upon request of the Bank, Borrowers the Borrower shall execute a promissory note, payable to the order of the Bank, to represent the amount of any overline and any or overadvance; however, Borrowers acknowledge the Borrower acknowledges and agree agrees that the records of the Bank and this Agreement shall constitute conclusive evidence of any overline or overadvance and the obligation of Borrowers the Borrower to repay any overline or overadvance, with interest. All overlines and overadvances for which the Bank has not demanded payment earlier, and all unpaid and accrued interest on overlines and overadvances not due and payable earlier, shall be due and payable on the Termination Date. Borrowers acknowledge and agree that Bank is not obligated to Borrowers to make any Revolving Loan or issue Letters of Credit that would create an overline or an overadvance.