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 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 2.9.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Skilled Healthcare Group Inc), Revolving Credit and Security Agreement (Skilled Healthcare Group 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 Facility Cap in existence at such time or (b) the Availability minus the outstanding Letter of Credit Obligations shall be immediately due and payable by Borrowers 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 2.92.10.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Acorn Products 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 Borrowers 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 SECTION 2.9.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Gardenburger 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 Facility Cap or (b) the Availability shall be immediately due and payable by Borrowers Borrower without the necessity of any demand, 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 (Promise to Pay, etc.).
Appears in 1 contract
Samples: Revolving Credit Agreement (Integrated Healthcare Holdings 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 Borrowers 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 (America Service Group Inc /De)