Common use of Repayment of Excess Advances Clause in Contracts

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 8 contracts

Samples: Credit and Security Agreement (Quantum Corp /De/), Credit and Security Agreement (Quantum Corp /De/), Revolving Credit and Security Agreement (Quantum Corp /De/)

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Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Term Loans, Swing Loans, and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 8 contracts

Samples: Loan and Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, and/or Advances taken as a whole exceeds the maximum amount of such type or any sublimit of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 4 contracts

Samples: Security Agreement (Williams Industrial Services Group Inc.), Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.), Security Agreement (Williams Industrial Services Group Inc.)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Revolving Advances made to any individual Borrower, Swing Loans, Term Loans and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 4 contracts

Samples: Security Agreement (Innovex Downhole Solutions, Inc.), Guaranty and Security Agreement (Innovex Downhole Solutions, Inc.), Security Agreement (Innovex Downhole Solutions, Inc.)

Repayment of Excess Advances. If The aggregate balance of Revolving Advances, Swingline Loans and Letters of Credit outstanding at any time the aggregate balance in excess of outstanding Revolving Advances, Swing Loans, and/or Advances taken as a whole exceeds the maximum aggregate amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances hereunder shall be immediately due and payable without the necessity of any a demand, at the Payment Office, whether or not a Default or an Event of Default has occurred, such amount to be applied first to the payment in full of outstanding Swingline Loans, and second if any excess amounts remain outstanding thereafter, to the Revolving Advances in accordance with Section 2.12(b).

Appears in 3 contracts

Samples: Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Loans and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Credit and Security Agreement (Great Lakes Dredge & Dock CORP)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving AdvancesAdvances (including, without limitation, Swing LoansLoans and the Maximum Undrawn Amount of all outstanding Letters of Credit), and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Build-a-Bear Workshop Inc), Revolving Credit and Security Agreement (Build a Bear Workshop Inc)

Repayment of Excess Advances. If at any time the The aggregate balance of outstanding Revolving Advances, Swing Loans, Loans and/or Advances taken as a whole exceeds outstanding at any time in excess of the maximum amount of such type of Advances Revolving Advances, Swing Loans and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 2 contracts

Samples: Security Agreement (UniTek Global Services, Inc.), Security Agreement (UniTek Global Services, Inc.)

Repayment of Excess Advances. (a) If at any time the aggregate balance of outstanding Revolving Advances, Advances and/or Swing Loans, and/or Advances taken as a whole Loans exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Green Plains Inc.)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, demand at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Daseke, Inc.)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Advances and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, and except as provided in Section 16.2(e) hereof, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.. 268323208

Appears in 1 contract

Samples: Loan and Security Agreement (Ati Inc)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Term Loans and/or other Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a any other Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Quality Gold Holdings, Inc.)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Equipment Loans and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred, including as a result of a change in the applicable Maximum Revolving Advance Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Virco MFG Corporation)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, the Term Loan, and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Asv Holdings, Inc.)

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Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving AdvancesAdvances (including, without limitation, Swing Loans), FILO Advances, and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunderhereunder (other than as a result of a Protective Advance), such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Finish Line Inc /In/)

Repayment of Excess Advances. If The aggregate balance of Revolving Advances, Swingline Loans and Letters of Credit outstanding at any time the aggregate balance in excess of outstanding Revolving Advances, Swing Loans, and/or Advances taken as a whole exceeds the maximum aggregate amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances hereunder shall be immediately due and payable without the necessity of any a demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (Bucyrus International Inc)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing LoansTerm Loan, and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Tecumseh Products Co)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Term Loans and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment OfficeOffice within one (1) Business Day of demand, whether or not a Default or an Event of Default has occurred. 2.10.

Appears in 1 contract

Samples: Cca Industries Inc

Repayment of Excess Advances. If at any time the The aggregate balance of outstanding Revolving Advances, Swing Loans, Term Loans and/or Advances taken as a whole exceeds outstanding at any time in excess of the maximum amount of such type of Advances Revolving Advances, Term Loans and/or Advances taken as a whole (as applicable) permitted hereunder, such specifically including without limitation any aggregate balance of Revolving Advances outstanding at any time in excess Advances of the Maximum Revolving Loan Amount, shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (Absolute Life Solutions, Inc.)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Equipment Loans and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred., including as a result of a change in the applicable Maximum Revolving Advance Amount. 2.10

Appears in 1 contract

Samples: Credit and Security Agreement (Virco MFG Corporation)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Loans and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunderto be outstanding hereunder at such time, such excess Advances shall be immediately promptly, but in any event within one (1) Business Day, due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Ferroglobe PLC)

Repayment of Excess Advances. If at any time the aggregate balance of outstanding Revolving Advances, Swing Loans, Advances and/or Advances taken as a whole exceeds the maximum amount of such type of Advances and/or Advances taken as a whole (as applicable) permitted hereunder, such excess Advances shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Samples: Security Agreement (AutoWeb, Inc.)

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