Common use of Commitment Clause in Contracts

Commitment. If the Borrower exceeds this limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s demand.

Appears in 37 contracts

Sources: Loan Agreement (R F Industries LTD), Loan Agreement (Graham Corp), Credit Agreement (Bowman Consulting Group Ltd.)

Commitment. If the Borrower exceeds this limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s 's demand.

Appears in 24 contracts

Sources: Loan Agreement (Thorne Healthtech, Inc.), Loan Agreement (Zynex Inc), Exhibit 10.9 (BurgerFi International, Inc.)

Commitment. If the Borrower exceeds Borrowers exceed this limit, the Borrower Borrowers will immediately pay the excess to the Bank upon the Bank’s 's demand.

Appears in 6 contracts

Sources: Loan Agreement (Iaso Pharma Inc), Loan Agreement (Air T Inc), Loan Agreement (California First National Bancorp)

Commitment. If the Borrower exceeds Borrowers exceed this limit, the Borrower Borrowers will immediately pay the excess to the Bank upon the Bank’s demand.

Appears in 4 contracts

Sources: Loan Agreement (Resources Connection Inc), Loan Agreement (Resources Connection Inc), Loan Agreement (Radiant Logistics, Inc)

Commitment. If the Borrower exceeds this limitlimit (including without limitation, because of any decrease in the Borrowing Base), Borrower will immediately pay the excess to the Bank upon the Bank’s 's demand.

Appears in 2 contracts

Sources: Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace)

Commitment. If the Borrower exceeds this limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s 's demand. The Bank may apply payments received from the Borrower under this Paragraph to the obligations of the Borrower to the Bank in the order and the manner as the Bank, in its discretion, may determine.

Appears in 2 contracts

Sources: Business Loan Agreement (U S Laboratories Inc), Business Loan Agreement (U S Laboratories Inc)

Commitment. If the Borrower exceeds this limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s 's demand. The Bank may apply payments received from the Borrower under this Section to the obligations of the Borrower to the Bank in the order and the manner as the Bank, in its discretion, may determine.

Appears in 1 contract

Sources: Business Loan Agreement (Quidel Corp /De/)

Commitment. If the Borrower exceeds this limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s 's demand. The Bank may apply payments received from the Borrower under this Paragraph to the obligations of the Borrower to the Bank in the order and manner as the Bank, in its discretion, may determine.

Appears in 1 contract

Sources: Business Loan Agreement (Watsco Inc)

Commitment. If the Borrower exceeds this limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s 's demand.

Appears in 1 contract

Sources: Business Loan Agreement (Hawker Pacific Aerospace)

Commitment. If the Borrower exceeds this such limit, the Borrower will immediately pay the excess to the Bank upon the Bank’s demand.

Appears in 1 contract

Sources: Loan Agreement (Daktronics Inc /Sd/)