Common use of Mandatory Loan Repayments Clause in Contracts

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 81 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.), Business Loan Agreement (FGI Industries Ltd.)

AutoNDA by SimpleDocs

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 2 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Better Choice Co Inc.)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances under the Line shall exceed the applicable Borrowing Base, BorrowerBorrowers, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower Borrowers shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Loan and Security Agreement (Telanetix,Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and chargescharges due under this Agreement, if any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the The applicable Borrowing Base, . Borrower, . immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to 1o the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (TGC Industries Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately Immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (Vermont Pure Holdings LTD)

Mandatory Loan Repayments. If at any time time, the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing BaseBase minus the Letter of Credit Liabilities, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Basesuch excess. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (American Electric Technologies Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable feestees, costs and charges, if it any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (Daw Technologies Inc /Ut)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from either Lender, shall pay to Lender Lenders an amount equal to the difference between amount by which the outstanding aggregate principal balance of the Advances and exceeds the Borrowing Base. On the Expiration Maturity Date, the Borrower shall pay to Lender Lenders in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interestInterest thereon, together with all other applicable fees, costs costs, and charges, if any, not yet paidpaid and due hereunder.

Appears in 1 contract

Samples: Loan Agreement (Capstone Companies, Inc.)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (SKM Media Corp.)

AutoNDA by SimpleDocs

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances under the Line shall exceed the applicable Borrowing BaseCommitment Amount, BorrowerBorrowers, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing BaseCommitment Amount. On the Expiration Date, Borrower Borrowers shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Loan and Security Agreement (Telanetix,Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. , On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (Paneltech International Holdings, Inc.)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from From Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (CyDex Pharmaceuticals, Inc.)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid interest, together with all other applicable fees, costs and charges, charges if any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (Human Pheromone Sciences Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.