Common use of Secured Bank Product Obligations Clause in Contracts

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an Overadvance.

Appears in 2 contracts

Samples: Loan and Security Agreement (Conns Inc), Loan and Security Agreement (Conns Inc)

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Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Canadian Bank Product Reserve or U.S. Bank Product Reserve, as applicable, for such amount and all other Secured Bank Product Obligations would not result in an OveradvanceObligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Callaway Golf Co)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up Provider with respect to which the maximum amount (in the case of any applicable Secured Bank Product Provider (other than Bank of America and its Affiliates) has specified by such provider in writing to AgentAgent the maximum amount to be included as a Bank Product Reserve (“Bank Product Amount”), which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an OveradvanceObligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Olympic Steel Inc)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product ProviderProvider and evidenced by one or more Bank Product Documents and, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) , up to the maximum amount specified by such provider in writing to Agentthe Agent pursuant to clause (b) of the definition of Secured Bank Product Provider, which amount may be established and increased or increased (decreased by further written notice from such provider and a Loan Party Agent to the Agent from time to time) as long as no Default or Event of Default exists and establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an Overadvance.

Appears in 1 contract

Samples: Loan, Security and Guarantee Agreement (Edgen Group Inc.)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an OveradvanceObligations.

Appears in 1 contract

Samples: Loan and Security Agreement (AGY Holding Corp.)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Canadian Bank Product Reserve Reserve, U.S. Bank Product Reserve, or U.K. Bank Product Reserve, as applicable, for such amount and all other Secured Bank Product Obligations would not result in an OveradvanceObligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Callaway Golf Co)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product ProviderProvider and evidenced by one or more Secured Bank Product Documents and, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) , up to the maximum amount specified by such provider in writing to Agentthe Agent pursuant to clause (b) of the definition of Secured Bank Product Provider, which amount may be established and increased or increased (decreased by further written notice from such provider and a Loan Party Agent to the Agent from time to time) as long as no Default or Event of Default exists and establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an Overadvance.

Appears in 1 contract

Samples: Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.)

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Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (provided that , in the case of any Secured Bank Product Provider other than Bank of America Capital One and its Affiliates) , the maximum amount of such Secured Bank Product Obligations shall not exceed the amount specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an Overadvance.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations; provided that Secured Bank Product Obligations would of an Obligor shall not result in an Overadvanceinclude its Excluded Swap Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Akorn Inc)

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Bank Product Reserve for such amount and all other Secured Bank Product Obligations would not result in an OveradvanceObligations.

Appears in 1 contract

Samples: Loan and Security Agreement (AGY Holding Corp.)

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