Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans exceeds any applicable limit set forth in this Agreement, Borrower shall immediately pay to Lender the amount of any such excess and all accrued interest and other charges owing to Lender with respect thereto.
Over-Advance. (a) In the event any Borrowing Base Deficiency results from any redetermination of the Borrowing Base pursuant to SECTION 4.02, 4.03, or 4.04 hereof, Borrower shall be required to eliminate such deficiency by making mandatory prepayments on the outstanding principal balance of the Loans in an amount equal to the amount of such deficiency, one half of which shall be paid on or before the 90th day following the effective date of the redetermination resulting in such Borrowing Base Deficiency, and the remaining balance of which shall be paid in full on or before the 180th day following the effective date of such redetermination.
Over-Advance. For purposes of this Agreement, the parties agree that the over-advance shall be $900,000. The parties agree that said over-advance will be added to the Formula Amount during the Forbearance Period. Following the Forbearance Period, if no amendment to the Credit Agreement has been negotiated and executed by the parties thereto, this over-advance amount shall remain in place for six months following the Forbearance Period. Thereafter, $600,000 of the over-advance will be reduced to zero on a straight line amortized basis in 12 equal monthly installments, with the remaining balance, if any, on the over-advance payable on June 23, 2000.
Over-Advance. The term "Over Advance" shall have the meaning set forth ------------ in Section 2.1 of this Agreement.
Over-Advance. (i) If the outstanding principal amount of the Revolving Loans at any time exceeds the Revolving Commitments (each, a “Revolving Overadvance”), the Borrower shall prepay the Revolving Loans and Swing Line Loans in such amounts as shall be necessary so that the outstanding principal amount of the Revolving Loans does not exceed the Revolving Commitments.
Over-Advance. If the Revolving Credit Loan shall at any time exceed the Borrowing Availability, then Borrower shall repay the Revolving Credit Loan in the amount of such excess within two Business Days following notice from Lender.
Over-Advance. If at any Determination, the Borrowing Base is less than the aggregate Credit Outstanding, Agent will notify the Borrowers of the amount of the Borrowing Base and the amount of the deficiency. The Borrowers shall remedy the deficiency by paying to Agent for the account of each Bank principal payments, each equal to 1/6 of the deficiency, commencing 10 days after the deficiency notice is sent by Agent and continuing on the same day of the next five months. A failure by the Borrowers to resolve a Borrowing Base deficiency to the Banks' satisfaction within six months after the date the first deficiency payment is due will constitute an Event of Default under Section 7.01.
Over-Advance. 32 ARTICLE 5 - COLLATERAL...........................................................................................33 5.01. SECURITY.......................................................................................33 5.02. GUARANTIES.....................................................................................34
Over-Advance. H. As of June 9, 2006, the Over-Advance was at least $20,824,016.84.
Over-Advance. The Revolving Principal Amount at any time exceeds the Revolving Committed Amount, and within 3 days after the date on which such over-advance first occurs, Borrower fails to (i) repay the Revolving Principal Amount in at least the amount of the excess, together with accrued and unpaid interest on the principal amount so repaid, or (b) provide Agent with additional collateral of a type and in an amount acceptable to Agent in its sole discretion.
