Overdraws Sample Clauses
Overdraws. Where an employee at the beginning of a fiscal year is overdrawn on sick leave, one-half (1/2) of the current year's entitlement (or the amount of the overdraw, whichever is the lesser), shall be applied against the overdrawn amount and the balance shall be available for use during the current year. If any of such balance remains to the employee's credit at the end of the year, it shall also be applied against any remaining overdrawn sick leave.
Overdraws. If at any time the Revolving Credit Outstandings exceed the sum of the Revolver Commitments, the Borrowers shall immediately pay to the Agent, for the account of the Lenders, the amount of such excess, which excess shall be first applied to any unpaid LC Draw Obligations or, if a Default then exists and is continuing, applied at the Required Lenders' sole and absolute discretion.
Overdraws. If, for any reason, (A) during the Interim Availability Period, the outstanding amount of the Loan (net of interest accrued for the then-current month) exceeds the Interim Availability Amount; or (B) at any other time prior to the Termination Date, the outstanding amount of the Loan (net of interest accrued for the then-current month) exceeds the Aggregate Commitment, then the WV-Debtors-in- Possession shall immediately repay an amount equal to such excess.