Examples of Over Advance in a sentence
If at any time the unpaid principal balance of any Loan exceeds the Maximum Amount thereof under the terms of this Agreement, then, subject to a Permitted Over-Advance for such Loan, upon demand by Lender, Party shall repay that portion of the principal balance thereof in excess of that Maximum Amount, along with all unpaid accrued interest on that portion.
If Borrower, at any time, is not in compliance with Section 6.25(c) hereof (such occurrence an “Eligible B Receivables Over-Advance”), Borrower shall within two (2) Business Days, without the necessity of any notice or demand, whether or not a Potential Default or Event of Default has occurred and is continuing, prepay the principal balance of the Loan in an amount necessary to cure such Eligible B Receivables Over-Advance.
If JPMorgan Chase Bank makes any Over-Advance, JPMorgan Chase Bank's and such other Bank's relevant Revolving Credit Commitments shall be temporarily increased and decreased, respectively, by the amount of the Over-Advance and any payments allocable to such other Bank shall be paid to JPMorgan Chase Bank until the principal of and interest on the Over-Advance shall be paid in full.
Seller further promises to pay to CFR interest on, and interest shall accrue upon, the amount of the Over-Advance (existing from time to time), at a rate per annum equal to thirty-six (36%) percent per annum, and shall be payable in payments of accrued interest only monthly in arrears on the last day of each month and upon termination of this Agreement.
The City of Goleta initiated the development of this Urban Forest Management Plan to provide a guide for the long term preservation and enhancement of the urban forest within the City’s jurisdiction.