Common use of Required Payment Clause in Contracts

Required Payment. If the aggregate principal amount at any one time outstanding hereunder exceeds the lending commitment amount of $10,000,000 (without giving effect to any accrued PIK Interest), as such amount may be reduced from time to time pursuant to Section 4(c)(ii), the Company shall, at the time any such excess shall arise, promptly pay to Holder such amount as may be necessary to eliminate the excess.

Required Payment. If the aggregate principal amount at any one time outstanding hereunder exceeds the lending commitment amount of $10,000,000 9,000,000 (without giving effect to any accrued PIK Interest), as such amount may be reduced from time to time pursuant to Section 4(c)(ii), the Company shall, at the time any such excess shall arise, promptly pay to Holder such amount as may be necessary to eliminate the excess.