Common use of Excess Over Borrowing Base Clause in Contracts

Excess Over Borrowing Base. At any time the Working Capital Obligations exceed the Borrowing Base, Borrowers shall immediately pay the amount of such excess to Lender.

Appears in 4 contracts

Sources: Loan and Security Agreement (Englobal Corp), Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc)

Excess Over Borrowing Base. At any time the Working Capital Obligations exceed the Borrowing Base, Borrowers Borrower shall immediately pay the amount of such excess to Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Transcend Services Inc)