Common use of Excess Loans Outstanding Clause in Contracts

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, for any Fund Group, the Principal Obligations exceed Obligation exceeds 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 Same Day 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, for any Fund Group, the Principal Obligations exceed Obligation exceeds the Available Commitment Loan Amount (such an event, a “Borrowing Base Deficiency”, including, without limitation, ) (including as a result of an Exclusion Event) (a “Mandatory Prepayment Event”), then the applicable Borrower or the applicable Qualified Borrower shall Party will pay on demand (a “Mandatory Prepayment”) such excess to Administrative Agent, for the benefit of Lenders, an amount (the Lenders“Mandatory Prepayment Amount”) sufficient such that, after giving effect to such prepayment and any Capital Calls to fund it, no Borrowing Base Deficiency would exist, in immediately available funds (except to the extent any such excess is addressed by Section 2.01(d)(iii3.04(b)): (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 and (B) within fifteen (15) 15 Business Days of demand to the extent that it is necessary for the Borrower Pledgors to issue Capital Call Notices to fund such required payment (and the Borrower shall Pledgors must 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 Deficiencytime, and Borrower shall pay such excess promptly immediately after the Capital Contributions relating to such Capital Call Notice Notices are received).

Excess Loans Outstanding. If, on any day, for any Fund Group, the Principal Obligations exceed Obligation exceeds the Available Commitment Loan Amount (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, an amount sufficient that, after giving effect to such prepayment and any Capital Calls to fund it, the Principal Obligation would no longer exceed the Available Loan Amount (the “Mandatory Prepayment Amount”) in immediately available funds (except to the extent any such excess is addressed by Section 2.01(d)(iii3.04(b)): (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 AccountAccount or another account maintained by Borrower; or and (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 Deficiencytime, and Borrower shall pay such excess promptly immediately after the Capital Contributions relating to such Capital Call Notice are received).