Mandatory Repayments of Loan. (a) If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans, provided, however, that if as of the end of any fiscal quarter of the Borrower the sum of the Outstanding Obligations exceeds the Maximum Credit Amount by less than $100,000 solely as a result of principal amortization within such fiscal quarter with respect to a Structured Finance Collateral Asset (as certified to by a Responsible Officer of the Company (on behalf of the Borrower and as demonstrated on the compliance statement required pursuant to §6.4 hereof for such fiscal quarter), no repayment shall be required under this §3.2.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans; provided that if after repayment of the Revolving Loans and the Swingline Loans, the Outstanding Obligations still exceed the Maximum Credit Amount, then the Borrower shall Cash Collateralize the Letter of Credit Obligations in an amount equal to the remaining excess. If no Event of Default is then existing, the Borrower may designate which Loans are to be repaid therewith. The Borrower shall repay Swingline Loans (a) within seven (7) Business Days after the Borrowing Date thereof and (b) so that Swingline Loans shall not be outstanding for more than a total of fourteen (14) days during any month. The Borrower shall repay Competitive Bid Loans on or before the date required under §2.10(l).
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then Borrower shall immediately pay the amount of such excess to Agent for the respective accounts of the Lenders for application to the Loans and, together therewith, any applicable Exit Fee, which shall be calculated by Agent promptly and which calculation shall, absent manifest error, be conclusive.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans. Borrower further covenants and agrees that, notwithstanding anything to the contrary contained herein (if anything), at least one (1) time during each calendar year during the term of this Agreement, Borrower shall cause the outstanding balance of the Loans to not exceed $20,000,000.00 for a period of not less than thirty (30) consecutive days, and if necessary to comply with the foregoing, the Borrower shall repay such amount of the Loans (and accrued and unpaid interest thereon and other amounts payable hereunder (including all amount payable in connection with such prepayment)) such that there shall be a balance hereunder of not more than $20,000,000.00 for such period.
Mandatory Repayments of Loan. (a) If at any time the sum of the Outstanding Obligations exceeds (i) prior to the Revolving Credit Reinstatement Date, the Total Commitment (which is currently $35,611,832.49), or (ii) from and after the Revolving Credit Reinstatement Date, the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans.
Mandatory Repayments of Loan. If at any time the sum of the outstanding amount of the Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the Total Commitment at such time, then the Borrower shall immediately pay the amount of such excess to the Lender for application: first, to any Unpaid Reimbursement Obligations; second, to the Loans; and third, to provide to the Lender cash collateral for Reimbursement Obligations as contemplated by §4.2(b) and (c).
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans. Borrower further covenants and agrees that, notwithstanding anything to the contrary contained herein (if anything), at least one (1) time during each calendar year during the term of this Agreement, Borrower shall repay all outstanding Loans (and accrued and unpaid interest thereon and other amounts payable hereunder (including all amount payable in connection with such prepayment)) such that there shall be a zero balance hereunder and Borrower shall maintain such zero balance for a period of not less than thirty (30) days from the date of such prepayment.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower (or one of the Co-Borrowers) shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans. If no Event of Default is then existing, the Borrower may designate which Loans are to be repaid therewith. The Borrower shall repay Swingline Loans on or before the date required under ss.2.8. The Borrower shall repay Competitive Bid Loans on or before the date required under ss.2.10 (l).
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shalL immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans. If no Event of Default is then existing, the Borrower may designate which Loans are to be repaid therewith. The Borrower shall repay Swingline Loans on or before the date required under Section 2.8. The Borrower shall repay Competitive Bid Loans on or before the date required under Section 2.10 (l).
