Excess Loans Outstanding. If, on any day, the Principal Obligation exceeds the Available Commitment (including, without limitation, as a result of an Exclusion Event, the delivery of an Initial Notice or the application of any Aggregate Concentration Limit or Individual Concentration Limit (a “Mandatory Prepayment Event”)), then the applicable Borrower Party shall pay to Administrative Agent, for the benefit of Lenders, an amount sufficient that, after giving effect to such prepayment and any Capital Calls to fund such prepayment, the Principal Obligation would no longer exceed the Available Commitment (except to the extent any Swingline Loan is outstanding and the applicable Borrower Party elects to pay all or any portion of such excess with respect to any Swingline Loan, in which case such payment shall be for the benefit of Swingline Lender) (such amount, “Required Payment”), in Same Day Funds: (a) promptly on demand (but in no event later than three (3) Business Days after such demand), to the extent such funds are available in the Collateral Account; and (b) within fifteen (15) Business Days of demand to the extent that it is necessary for Borrower to issue Capital Call Notices to fund such Required Payment (and Borrower shall issue such Capital Call Notices during such time and shall pay such Required Payment promptly after the Capital Contributions relating to such Capital Call Notice are received), together with all funds then on deposit in the Collateral Account equal the Required Payment to be paid pursuant to this Section 3.04(a).
Excess Loans Outstanding. If, on any day, for any Fund Group, the Principal Obligations exceed the Available Commitment (such an event, a “Borrowing Base Deficiency”, including, without limitation, as a result of an Exclusion Event), then the Borrower or the applicable Qualified Borrower shall pay on demand (a “Mandatory Prepayment”) such excess to Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 2.01(d)(iii)): (A) promptly on demand (but in no event later than two (2) Business Days after such demand), to the extent such funds are available in the Collateral Account; or (B) within fifteen (15) Business Days of demand to the extent that it is necessary for the Borrower to issue Capital Call Notices to fund such required payment (and the Borrower shall issue such Capital Call Notices during such time to the extent it has not already issued a Capital Call sufficient to cure such Borrowing Base Deficiency, and Borrower shall pay such excess promptly after the Capital Contributions relating to such Capital Call Notice are received).
Excess Loans Outstanding. If, on any day, the Principal Obligations exceed the Available Commitment (including, without limitation, as a result of an Exclusion Event), then the Borrowers shall pay upon written demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 3.5(b)(ii)), by the Required Payment Time. Each Credit Party hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.5(b) have been satisfied in full.
Excess Loans Outstanding. If, on any day the Dollar Equivalent of the Principal Obligations exceeds the Available Commitment (including, without limitation, as a result of an Exclusion Event), then one or more Borrowers shall pay on the earlier of (i) demand by the Administrative Agent, or (ii) a Responsible Officer of a Borrower obtaining knowledge thereof, without further demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 3.5(b)(ii)), by the Required Payment Time after such demand or knowledge. Following the occurrence and during the continuance of a Cash Control Event, each Borrower hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations or to the Obligations if such mandatory prepayment is pursuant to Section 3.5(b)(iii) until such time as the payment obligations of this Section 3.5(b) have been satisfied in full.
Excess Loans Outstanding. If, on any day, the Dollar Equivalent of the Principal Obligations exceed the Available Commitment (including, without limitation, as a result of an Exclusion Event), then the Borrowers shall pay without further demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 3.5(b)(ii)) by the Required Payment Time. Each Borrower hereby agrees that after the Required Payment Time, the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.5(b) have been satisfied in full. After any withdrawal of funds from any Borrower Collateral Account as contemplated in this Section 3.5(b)(i), the Administrative Agent shall promptly deliver written notice of such withdrawal to the applicable Borrower(s); provided that the failure of the Administrative Agent to give such notice will not affect the validity of such withdrawal.
Excess Loans Outstanding. If, on any day and subject to Section 5.02(c), the portion of the Principal Obligation exceeds (a) the Available Loan Amount (including, without limitation, as a result of an Exclusion Event or changes in the Inclusion Percentage) or (b) the maximum amount, if any, of indebtedness permitted to be incurred under the Governing Agreements (each, a “Mandatory Prepayment Event”), then the Borrowers shall pay such excess (the “Mandatory Prepayment Amount”) to (i) Administrative Agent, for the benefit of Lenders, or (ii) if requested by the Administrative Agent at such times as there is only one Lender, the Lender, in Same Day Funds (the “Mandatory Prepayment Due Date”): (A) within three Business Days after demand by Administrative Agent, to the extent such funds are available in the Collateral Accounts; and (B) promptly (but in no event later than 20 days of demand by Administrative Agent), to the extent that it is necessary for the Borrowers to issue a Capital Call to fund such required payment (and one or more Borrowers (or the applicable Managing Entity) shall issue such Capital Calls during such time).
Excess Loans Outstanding. If, on any date, either (i) the Dollar Equivalent of the Principal Obligations exceeds the Available Commitment (including, without limitation, as a result of the transfer of a Subscriber’s interest) USActive 58236919.3 or (ii) the Dollar Equivalent of the Principal Obligations causes the maximum amount of Indebtedness permitted to be outstanding under the Constituent Documents of the Credit Parties to be exceeded, then the applicable Borrower(s) shall pay on demand such excess without premium or penalty to the Administrative Agent, for the benefit of the Secured Parties, in immediately available funds (except to the extent any such excess is addressed by Section 2.1(e)(ii) hereof): (1) promptly upon demand but in no event later than three (3) Business Days following such demand, to the extent such funds are available (or credited) in the applicable Collateral Account for such Borrower; provided that, the amount so debited from any such Collateral Account shall not exceed the amount of the Principal Obligations owing by the Borrowers; or (2) otherwise, within fifteen (15) Business Days of demand, to the extent that it is necessary for the Borrowers to issue Feeder Capital Calls to fund such required payment (and the Borrowers shall issue such Feeder Capital Calls during such time, and shall pay such excess promptly after the Feeder Capital Contributions relating to such Feeder Capital Calls are received). Each Borrower hereby agrees that during the occurrence of an Event of Default or on or after the thirtieth (30th) day prior to the Maturity Date if a Special Default exists, the Administrative Agent may withdraw from the Collateral Account of any Borrower with an outstanding Borrowing any Feeder Capital Contributions deposited therein and apply the same to such Borrower’s ratable share of the Principal Obligations until such time as the payment obligations of this Section 2.1(e) have been satisfied in full; provided that, the amount so debited from such Collateral Account(s) shall not exceed the amount of the Principal Obligations owing by the Borrowers. After any withdrawal of funds from any Collateral Account as contemplated in this Section 2.1(e)(i), the Administrative Agent shall promptly deliver written notice of such withdrawal to the applicable Borrower(s); provided that the failure of the Administrative Agent to give such notice will not affect the validity of such withdrawal.
Excess Loans Outstanding. If, on any day, the Principal Obligation exceeds the Available Commitment, then the Credit Parties shall pay on demand such excess to Administrative Agent, for the benefit of Lenders, in immediately available funds (except to the extent any such excess is addressed by SECTION 2.1(d)(ii)): (A) promptly on demand (but in no event later than two (2) Business Days), to the extent such funds are available in the Subscription Account or any other account maintained by Credit Parties; and (B) within ten (10) Business Days of demand to the extent that it is necessary for a Credit Party to issue a Capital Call Notice to fund such required payment (and Credit Parties shall issue such Capital Call Notices during such time, and shall pay such excess immediately after the Capital Contributions relating to such Capital Call Notice are received); provided that the amount of such excess shall be paid to Administrative Agent concurrently with the creation of such excess if it results from any willful act of any Credit Party;
Excess Loans Outstanding. If, on any day, the Principal Obligation exceeds the Available Loan Amount or if an Implicit Borrowing Base Deficit exists (including, without limitation, as a result of an Exclusion Event), then the Credit Parties shall pay on demand such excess or amount of Implicit Borrowing Base Deficit, as applicable, to Administrative Agent, for the benefit of Lenders, in immediately available funds (except to the extent any such excess is otherwise addressed by Section 2.1(d)(ii): (A) promptly on demand (but in no event later than one (1) Business Day), to the extent such funds are available in the Collateral Account or another account maintained by Borrower; and (B) within fifteen (15) Business Days of demand to the extent that it is necessary for a Credit Party to issue Call Notices to fund such required payment (and the Credit Parties shall issue such Call Notices during such time, and shall pay such excess or amount of Implicit Borrowing Base Deficit, as applicable, immediately after the Capital Contributions relating to such Call Notice are received); provided that the amount of such excess shall be paid to Administrative Agent concurrently with the creation of such excess or deficit if it results from any willful act of any Credit Party. The Credit Parties hereby agree that Administrative Agent may withdraw from the Collateral Account any Capital Contributions deposited therein in respect of such Call Notices until the payment obligations required by this Section 2.1(d)(i) have been satisfied in full.
Excess Loans Outstanding. If, on any day, (1) the Principal Obligation exceeds the Available Commitment, or (2) the Letter of Credit Liability exceeds the lesser of: (A) the remainder of: (i) the Available Commitment as of such date; minus (ii) the Principal Obligations as of such date; and (B) the Letter of Credit Sublimit on such date (in each case, a “Borrowing Base Deficiency”), then the Borrower Parties shall pay without further demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 3.04(ii)), by the Required Payment Time.
