Repayment of Overadvances. If at any time (a) the sum of the outstanding balance of Revolving Loans and undrawn amount of Letters of Credit exceed the Revolving Line of Credit, or (b) an Overadvance exists, the amount of such excess (in the case of clause (a)) or the amount of the Overadvance (in the case of clause (b)) shall be immediately due and payable unless the Agent (as permitted hereunder) or the Lenders otherwise agree in writing. Should the Agent or the Lenders for any reason honor requests for Overadvances, such Overadvances shall be made in the Agent’s or the Lenders’ sole discretion and subject to any additional terms the Agent or the Lenders deem necessary.
Repayment of Overadvances. The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted to be outstanding at any time hereunder (herein “Overadvances”), 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.
Repayment of Overadvances. If at any time (a) the sum of the outstanding balance of Revolving Loans and undrawn amount of Letters of Credit exceed the Revolving Line of Credit, or (b) an Overadvance exists, the amount of such excess (in the case of clause (a)) or the amount of the Overadvance (in the case of clause (b)) shall be immediately due and payable, unless CIT otherwise agrees in writing. Should CIT for any reason honor requests for Overadvances, such Overadvances shall be made in CIT’s sole discretion and subject to any additional terms CIT deems necessary.
Repayment of Overadvances. 22 3.5 APPLICATION OF PROCEEDS OF COLLATERAL ........................... 23 3.6
Repayment of Overadvances. If at any time (a) the sum of the outstanding balance of Revolving Loans and undrawn amount of Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases exceed the Revolving Line of Credit, or (b) an Overadvance exists, the amount of such excess (in the case of clause (a)) or the amount of the Overadvance (in the case of clause (b)) shall be immediately due and payable unless the Agent (as permitted hereunder) or the Lenders otherwise agree in writing. Should the Agent or the Lenders for any reason honor requests for Overadvances, such Overadvances shall be made in the Agent’s or the Lenders’ sole discretion and subject to any additional terms the Agent or the Lenders deem necessary. In no event shall any Company withdraw any Invested Cash if, after giving effect to any such withdrawal, an Overadvance would exist.
Repayment of Overadvances. The aggregate balance of Advances (other than the Term Loans and the Capital Expenditure Loan) outstanding at any time in excess of the maximum amount of Advances (other than the Term Loans and the Capital Expenditure Loan) permitted to be hereunder, i.e. any “overadvances,” 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.
Repayment of Overadvances. If at any time (a) the sum of the --------------------------- outstanding balance of Revolving Loans and undrawn amount of Letters of Credit exceed the Revolving Line of Credit (all as determined based on U.S. Dollar Equivalents), or (b) an Overadvance exists, the amount of such excess (in the case of clause (a)) or the amount of the Overadvance (in the case of clause (b)) shall be immediately due and payable, unless CIT otherwise agrees in writing. Should CIT for any reason honor requests for Overadvances, such Overadvances shall be made in CIT's sole discretion and subject to any additional terms CIT deems necessary.
Repayment of Overadvances. At any time any Overadvance or portion thereof continues to be outstanding, any payment that is received by the Agent or a Lender that is to be applied to reduce the then outstanding principal balance of the Loan in accordance with the terms of the Agreement shall be paid first to reduce or eliminate the then outstanding aggregate principal balance of the Overadvances.
Repayment of Overadvances. The Company will pay any Overadvances in addition to its regularly scheduled payments. The Company will repay any Overadvance by repaying you in full within 3 days after the Overadvance occurs, except the Company may repay an Overadvance of $0 or less within 0 days if the outstanding Principal balance, including the excess, does not exceed the liquidation value of Accounts Receivable and Inventory and the Overadvance resulted from you declaring ineligible previously Eligible Accounts Receivable and Inventory. Otherwise, the Company will repay any Overadvance by making periodic payments to you as you request.
Repayment of Overadvances. If at any time the sum of the outstanding balance of the Revolving Loan Account and the undrawn amount of outstanding Letters of Credit exceed either the Revolving Credit Limit (or any applicable sublimits thereof) or the Borrowing Base at such time, the amount of such excess shall be immediately due and payable, unless CIT otherwise agrees in writing. Should CIT for any reason honor requests for loans or advances in excess of Availability, such loans or advances shall be made in CIT's sole discretion and subject to any additional terms CIT deems necessary.
