Common use of Shortfall Clause in Contracts

Shortfall. If, on any date, the Outstanding Advances shall exceed the Maximum Advance Amount (such excess, the "Shortfall Amount"), then the Customer shall on such date prepay the Outstanding Advances in an amount equal to such Shortfall Amount.

Appears in 12 contracts

Samples: Financing Agreement (En Pointe Technologies Inc), Financing Agreement (Safeguard Scientifics Inc Et Al), Capital Financing Agreement (Ameriquest Technologies Inc)

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Shortfall. If, on any date, the Outstanding Advances shall exceed the Maximum Advance Amount (such excess, the "Shortfall Amount"), then the Customer shall on such date prepay the Outstanding Advances in an amount equal to such Shortfall Amountamount.

Appears in 4 contracts

Samples: Financing Agreement (Multiple Zones Inc), Financing Agreement (Litronic Inc), Financing Agreement (Litronic Inc)

Shortfall. If, on any date, the Outstanding Advances shall exceed the Maximum Advance Amount (such excess, the "Shortfall Amount"), then the Customer shall on such date prepay prepay, within twenty-four hours, the Outstanding Advances in an amount equal to such Shortfall Amount.

Appears in 1 contract

Samples: Financing Agreement (Xlconnect Solutions Inc)

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Shortfall. If, on any datedate other than during the Overadvance Period, the Outstanding Advances shall exceed the Maximum Advance Amount (such excess, the "Shortfall Amount"), then the Customer shall on such date prepay the Outstanding Advances in an amount equal to such Shortfall Amount.

Appears in 1 contract

Samples: Acknowledgement, Waiver (Radius Inc)

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