Common use of Overadvance Clause in Contracts

Overadvance. All Credit Extensions made hereunder shall be added to and deemed part of the Obligations when made. If, at any time and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.2, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.

Appears in 6 contracts

Samples: Credit Agreement (Key Technology Inc), Credit Agreement (Cutter & Buck Inc), Credit Agreement (Design Within Reach Inc)

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Overadvance. All Credit Extensions made hereunder shall be added to and deemed part of the Obligations when made. If, at any time and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.21.2 or the Borrowing Base, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.

Appears in 5 contracts

Samples: Credit Agreement (Design Within Reach Inc), Credit Agreement (Infosonics Corp), Credit Agreement (Southwall Technologies Inc /De/)

Overadvance. All Credit Extensions made hereunder shall be added to and deemed part of the Obligations when made. If, at any time and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.21.6, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.

Appears in 1 contract

Samples: Credit Agreement (International Displayworks, Inc)

Overadvance. All Credit Extensions made hereunder shall be added to and deemed part of the Obligations when made. If, at any time and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.21.2 or the Borrowing Base, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.”

Appears in 1 contract

Samples: Credit Agreement (International Displayworks, Inc)

Overadvance. All Credit Extensions made hereunder shall be added to and ----------- deemed part of the Obligations when made. If, at any time and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.2, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.

Appears in 1 contract

Samples: Credit Agreement (Somera Communications Inc)

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Overadvance. All Credit Extensions made hereunder shall be added to and deemed part of the Obligations when made. If, at any time anytime and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.2, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.

Appears in 1 contract

Samples: Credit Agreement (Southwall Technologies Inc /De/)

Overadvance. All Credit Extensions made hereunder shall be added to and deemed part of the Obligations obligations when made. If, at any time and for any reason, the aggregate outstanding amount of all Credit Extensions made pursuant to this Agreement exceeds the dollar limitation in Section 1.2, then Borrower shall immediately pay to Trade Bank on demand, in cash, the amount of such excess.

Appears in 1 contract

Samples: Credit Agreement (National Scientific Corp/Az)

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