Overlines. Reseller may request and CPC may be willing in its sole and absolute discretion to make Advances to Reseller in excess of the Inventory Line of Credit (each an “Overline” and collectively, the “Overlines”). The aggregate amount of permitted Overlines and the duration of time such Overlines may be available to Reseller shall be communicated to Reseller via a separate written communication from CPC, the terms of which shall be incorporated herein by reference.
Overlines. If at any time the then outstanding principal under the Revolving Note, exceeds the face amount of the Revolving Note, Borrower agrees to pay the excess amount (each an “Overline”) immediately upon demand by Bank. Overlines shall bear interest at the Prime-Based Rate. If not sooner paid, interest on Overlines shall be paid on the fifth (5th) day of each month, until the Revolving Loan Maturity Date. Upon request of Bank, Borrower shall execute a promissory note, payable to the order of Bank, to represent the amount of any Overline; however, Borrower acknowledges and agrees that the records of Bank and this Agreement shall constitute prima facie evidence of any Overline and the obligation of Borrower to repay any Overline, with interest. All Overlines for which Bank has not demanded payment earlier, and all unpaid and accrued interest on Overlines not due and payable earlier, shall be due and payable on the Revolving Loan Maturity Date. Borrower acknowledges and agrees that Bank is not obligated to fund any Advance that would create an Overline.
Overlines. If at any time or for any reason the outstanding --------- amount of advances made pursuant hereto exceeds any of the dollar or percentage limitations contained in the Schedule (any such excess, an "Overline"), then Borrower shall, upon Lender's demand, immediately pay to Lender, in cash, the full amount of such Overline; provided, that if the -------- amount of such Overline is less than Five Hundred Thousand Dollars ($500,000), Borrower shall pay to Lender, in cash, the full amount of such Overline within five (5) Business Days following demand by Lender; provided -------- further, that the Overline in the amount of Five Million Seven Hundred ------- Thirty Thousand Dollars ($5,730,000) (the "Temporary Overline") arising as a result of the reappraisal of the Equipment of the Loan Parties by Xxxxxx & Xxxxxx pursuant to the Appraisal dated June 2, 1998 may remain outstanding until the
Overlines. If at any time or for any reason the outstanding amount of advances made pursuant hereto exceeds any of the dollar or percentage limitations contained in the Schedule (any such excess, an "Overline"), then Borrower shall, upon FINOVA's demand, immediately pay to FINOVA, in cash, the full amount of such Overline. Without limiting Borrower's obligation to repay to FINOVA on demand the amount of any Overline, Borrower agrees to pay FINOVA interest on the outstanding principal amount of any Overline, on demand, at the rate set forth in on the Schedule.
Overlines. Section 1.1.1(D) of the Loan Agreement is hereby deleted in its entirety.
Overlines. If at any time or for any reason the outstanding amount of --------- advances made pursuant hereto exceeds any of the dollar or percentage limitations contained in the Schedule (any such excess, an "Overline"), then Borrower shall, upon Lender's demand, immediately pay to Lender, in cash, the full amount of such Overline; provided, that if the amount of such Overline is -------- less than Five Hundred Thousand Dollars ($500,000), Borrower shall pay to Lender, in cash, the full amount of such Overline within five (5) Business Days following demand by Lender. Without limiting Borrower's obligation to repay to Lender on demand the amount of any Overline, Borrower agrees to pay Lender interest on the outstanding principal amount of any Overline, on demand, at the rate set forth on the Schedule.
Overlines. If at any time or for any reason the outstanding amount of advances made pursuant hereto exceeds any of the dollar or percentage limitations contained in the Schedule (any such excess, an "Overline"), then Borrowers shall, jointly and severally, upon Lender's demand, immediately pay to Lender, in cash, the full amount of such Overline. Without limiting Borrowers' obligation to repay to Lender on demand the amount of any Overline, Borrowers agree to pay Lender interest on the outstanding principal amount of any Overline, on demand, at the rate set forth in on the Schedule. Borrowers obligations under this section shall be joint and several.
Overlines. The following Section 1.1.1(D) is hereby inserted:
Overlines. If at any time or for any reason (i) the outstanding amount of advances made pursuant hereto exceeds any of the dollar or percentage limitations contained in the Schedule or (ii) the outstanding amount of advances under the Floorplan Credit Line exceeds the amount of Floorplanned Inventory plus the unused amount of the Revolving Credit Line referred to in the Schedule (any such excess, an "Overline"), then Borrower shall, upon GFC's demand, immediately pay to GFC, in cash, the full amount of such Overline. Without limiting Borrower's obligation to repay to GFC on demand the amount of any Overline, Borrower agrees to pay GFC interest on the outstanding principal amount of any Overline, on demand, at the rate set forth on the Schedule.
Overlines. Section 1.3 of the Agreement is hereby deleted and the following is substituted therefor:
