Common use of Secured Bank Product Obligations Clause in Contracts

Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Canadian Bank Product Reserve or U.S. Bank Product Reserve, as applicable, for such amount and all other Secured Bank Product Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Callaway Golf Co)

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Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Canadian Bank Product Reserve or U.S. Bank Product Reserve, as applicable, for such amount and all other Secured Bank Product ObligationsObligations would not result in an Overadvance.

Appears in 2 contracts

Samples: Loan and Security Agreement (Conns Inc), Loan and Security Agreement (Conns Inc)

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Secured Bank Product Obligations. Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in writing to Agent, which amount may be established or increased (by further written notice to Agent from time to time) as long as no Default or Event of Default exists and no Overadvance would result from establishment of a Canadian Bank Product Reserve Reserve, U.S. Bank Product Reserve, or U.S. U.K. Bank Product Reserve, as applicable, for such amount and all other Secured Bank Product Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Callaway Golf Co)

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