Excess Over Borrowing Base. To the extent that the aggregate amount of all Revolver Loans, and the Letter of Credit Obligations exceeds the Borrowing Base at any time, the amount of such excess will be paid immediately to Bank.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ic Isaacs & Co Inc), Loan and Security Agreement (Emerson Radio Corp)
Excess Over Borrowing Base. To the extent that the aggregate amount of all Revolver Loans, Loans and the Letter of Credit Obligations exceeds the Borrowing Base at any time, the amount of such excess will be paid immediately to Bank.
Appears in 2 contracts
Samples: Loan and Security Agreement (Adams Golf Inc), Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)
Excess Over Borrowing Base. To the extent that the aggregate amount of all Revolver Loans, Loans and the Letter of Credit Obligations exceeds the Borrowing Base at any time, the amount of such excess will be paid immediately to Bank.
Appears in 1 contract
Excess Over Borrowing Base. To the extent that the aggregate amount of all Revolver Loans, Loans and the Letter of Credit Obligations and the face amount of all bankers acceptances exceeds the Borrowing Base at any time, the amount of such excess will be paid immediately to Bank.
Appears in 1 contract
Excess Over Borrowing Base. To the extent that the aggregate amount of all Revolver Loans, Loans and the Letter of Credit Obligations exceeds the Borrowing Base at any time(after giving effect to all sublimits and reserves then in effect), the amount of such excess will be paid immediately to Bank.
Appears in 1 contract
Samples: Loan and Security Agreement (Impax Laboratories Inc)
