Common use of Repayment of Excess Advances Clause in Contracts

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 138 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Security Agreement (Perma Fix Environmental Services Inc), Credit and Security Agreement (ARKO Corp.)

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Repayment of Excess Advances. The aggregate balance of outstanding Advances outstanding at any time in excess of the maximum amount of such Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 5 contracts

Samples: Security Agreement (Lesco Inc/Oh), Revolving Credit (Radnor Holdings Corp), And (Blonder Tongue Laboratories Inc)

Repayment of Excess Advances. The aggregate balance of Advances ---------------------------- outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc), Air Methods Corp, Air Methods Corp

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder Maximum Advance Amount shall be immediately due and payable without the necessity of any demand, demand at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 2 contracts

Samples: Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc)

Repayment of Excess Advances. The Except as permitted by Agent pursuant to Section 15.2, the aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 2 contracts

Samples: Subordination Agreement (Twist Beauty S.a r.l. & Partners S.C.A.), Revolving Credit, Term Loan and Security Agreement (Twist Beauty S.a r.l. & Partners S.C.A.)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder by any Borrowing Group shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 2 contracts

Samples: Security Agreement (Stream Global Services, Inc.), Security Agreement (Stream Global Services, Inc.)

Repayment of Excess Advances. The If at any time the aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 2 contracts

Samples: Guaranty Agreement (Drilling Tools International Corp), Guaranty Agreement (ROC Energy Acquisition Corp.)

Repayment of Excess Advances. The aggregate balance of outstanding Revolving Advances and the Dollar Equivalent amount of Letters of Credit outstanding at any time in excess of the maximum amount of such Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 2 contracts

Samples: Security Agreement (Allegheny Technologies Inc), Security Agreement (Allegheny Technologies Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall shall, immediately after the Borrower becomes aware of same, be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 2 contracts

Samples: Loan Agreement (Greg Manning Auctions Inc), Loan Agreement (Greg Manning Auctions Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurredoccurred or is continuing.

Appears in 1 contract

Samples: Security Agreement (Evergreen International Aviation Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurredoccurred except with respect to overadvances which are knowingly made by the Administrative Agent and permitted pursuant to Section 15.2(h) hereof which shall be due and payable at the sole and absolute discretion of the Administrative Agent.

Appears in 1 contract

Samples: And Security Agreement (McMS Inc /De/)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred, including, as a result of a change in the applicable Maximum Revolving Advance Amount. or the Maximum Equipment Loan Amount.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances advances permitted hereunder as the Formula Amount under Section 2.1 hereof shall be immediately due and payable without the necessity of any demand, at the Payment OfficeOffice or another place designated by the Lender, whether or not a an Incipient Event of Default or Event of Default has occurred.

Appears in 1 contract

Samples: Tristar Corp

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder under Sections 2.1 and 2.2 hereof shall be immediately due and payable without the necessity of any demand, at the Payment Officeplace designated by Lender, whether or not a an Incipient Event of Default or Event of Default has occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Canisco Resources Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurredoccurred except with respect to overadvances which are knowingly made by Agent and permitted pursuant to Section 15(b) hereof which shall be due and payable at the sole and absolute discretion of Agent.

Appears in 1 contract

Samples: Revolving Credit, Equipment Loan and Security Agreement (McMS Inc)

Repayment of Excess Advances. The Except as set forth in Section 10.1 hereof, the aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder limitations set forth in Section 2.1 hereof, shall be immediately due and payable in either event without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Prima Group International Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder (such excess being referred to herein as an “Overadvance”) shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred, subject to the provision set forth in Section 10.1 regarding a cure period for Limited Cure Overadvances.

Appears in 1 contract

Samples: Security Agreement (Maxum Petroleum Holdings, Inc.)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a an Incipient Event of Default or Event of Default has occurred.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)

Repayment of Excess Advances. The Any aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder (an "Overadvance") shall be immediately due and payable one (1) day following the occurrence of any such Overadvance, without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Meridian Sports Inc)

Repayment of Excess Advances. The aggregate balance of Advances, including the Revolving Advances and the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Image Entertainment Inc)

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Revolving Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Amrep Corp.)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder Availability shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (Odetics Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder (subject to Section 15.2) shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Intcomex, Inc.)

Repayment of Excess Advances. The aggregate balance of Advances (other than the Term Loan and the Capital Expenditure Loans) outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (HLM Design Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at to the Payment OfficeLenders who made the excess Advances, whether or not a Default or Event of Default has occurred. The return by Borrower of such excess Advances shall not count towards one of the three (3) times that the Revolving Advances may be re-borrowed pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Ante5, Inc.)

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Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demanddemand (except as otherwise provided in Section 15.2), at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Kenexa Corp)

Repayment of Excess Advances. The aggregate balance of Advances ------------------------------ outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum Maximum Advance Amount less the aggregate amount of Advances permitted hereunder drawings outstanding and additional amounts available under Letters of Credit shall be immediately due and payable without the necessity of any demand, demand at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Pc Connection Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.. 21

Appears in 1 contract

Samples: Credit and Security Agreement (Foster L B Co)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred, including, as a result of a change in the applicable Maximum Revolving Advance Amount.

Appears in 1 contract

Samples: Security Agreement (Virco MFG Corporation)

Repayment of Excess Advances. The sum of the aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of such Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Castle a M & Co

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Revolving Advances permitted hereunder (including, without limitation, any Revolving Advances outstanding in excess of the individual Borrower limits set forth in Section 2.1(b)) shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (Edgen Louisiana CORP)

Repayment of Excess Advances. The aggregate balance of any type Advances outstanding at any time in excess of the maximum amount of such Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Term Loan Agreement (Transtexas Gas Corp)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any on demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Gencor Industries Inc)

Repayment of Excess Advances. The aggregate balance of any Revolving Advances outstanding at any time in excess of the maximum amount of Revolving Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (Swenson Granite Co LLC)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder pursuant to Section 2.5 hereof shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Us Home & Garden Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding outstanding, at any time in excess of the maximum amount of Advances permitted hereunder (including but not limited to applicable amounts exceeding the Letter of Credit Sublimit and/or the Inventory Sublimit), shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (Jaco Electronics Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurredoccurred and is continuing.

Appears in 1 contract

Samples: Security Agreement (Empeiria Acquisition Corp)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred. 2.8.

Appears in 1 contract

Samples: Security Agreement (Terrace Holdings Inc)

Repayment of Excess Advances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demandupon demand by Agent or Required Lenders, at the Payment Office, whether or not a Default or Event of Default has occurredAccount.

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

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