Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.
Appears in 9 contracts
Samples: Revolving Credit and Term Loan Agreement (Access Worldwide Communications Inc), Revolving Credit and Security Agreement (Women First Healthcare Inc), Revolving Credit and Term Loan Agreement (World Health Alternatives Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.6.
Appears in 8 contracts
Samples: Revolving Credit and Security Agreement (Millstream Acquisition Corp), Revolving Credit and Security Agreement (Americasdoctor Inc), Revolving Credit and Security Agreement (NationsHealth, Inc.)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of either the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.
Appears in 6 contracts
Samples: Revolving Credit and Security Agreement (Neogenomics Inc), Revolving Credit and Security Agreement (Neogenomics Inc), Revolving Credit and Security Agreement (Neogenomics Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.7.
Appears in 3 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (NationsHealth, Inc.), Revolving Credit, Term Loan and Security Agreement (NationsHealth, Inc.), Revolving Credit, Term Loan and Security Agreement (PHC Inc /Ma/)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of (a) Availability and (b) the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Trover Solutions Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall then in effect, shall' be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.6.
Appears in 1 contract
Samples: Postpetition Revolving Credit and Security Agreement
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Revolving Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Sunset Brands Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.12.
Appears in 1 contract
Samples: Credit and Security Agreement (Ventures National Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of (a) the Availability and (b) the Facility Cap or the Availability shall be immediately due and payable by Borrower Borrowers without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.9 and, notwithstanding any other provision of this Agreement, shall be an Event of Default.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Covista Communications Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap Cap, less the L/C Exposure, or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.8.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Synavant Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment OfficeOffice by wire transfer, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.6.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Rita Medical Systems Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.2.8. ------------
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Americas Power Partners Inc)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability (or, in the case of Overadvances, in excess of the Overadvance Limit) shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (PHC Inc /Ma/)
Repayment of Excess Advances. Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of (a) the Facility Cap or and (b) the Availability Availability, shall be immediately due and payable by Borrower Borrowers without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.92.12 and, notwithstanding any other provision of this Agreement, shall be an Event of Default.
Appears in 1 contract
Samples: Revolving Credit, Term Loan, and Security Agreement (Advanced Nutraceuticals Inc/Tx)
