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.
Appears in 2 contracts
Samples: Possession Loan and Security Agreement (PRB Energy, Inc.), Loan and Security Agreement (PRB Energy, Inc.)
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans Loans, including without limitation, all amounts deemed to be Revolving Loan Advances in accordance with Section 1.4 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.
Appears in 2 contracts
Samples: Loan and Security Agreement (United Development Funding III, LP), Loan and Security Agreement (United Development Funding III, LP)
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans Loans, including without limitation, all amounts deemed to be Revolving Loan Advances in accordance with Section 1.4, 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Z Tel Technologies Inc)
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans Revolving Loan Advances, including without limitation, all amounts deemed to be Revolving Loan Advances in accordance with Section 1.4, 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Galaxy Nutritional Foods Co)
Over-Advance. If, at any time, the aggregate unpaid principal amount of any of the Loans Loans, including without limitation, all amounts deemed to be Revolving Loan Advances in accordance with Section 1.4 and Section 1.10, exceeds any applicable limit set forth in this Agreement, Borrower shall immediately pay to Lender Agent the amount of any such excess and all accrued interest and other charges owing to the Lender Group with respect thereto.
Appears in 1 contract
Samples: Loan and Security Agreement (Anchor Funding Services, Inc.)
