Common use of Shortfall Amount Clause in Contracts

Shortfall Amount. If at any time the amount of Customer's Total Outstanding Indebtedness exceeds the amount of Customer's Maximum Allowable Indebtedness, Customer agrees to pay immediately to IBM Credit an amount equal to such excess ("Shortfall Amount") upon the earliest to occur of (a) demand for payment by IBM Credit, (b) the delivery of Customer's Collateral Management Report, delivered in accordance with Section 7.1, indicating such Shortfall Amount, or (c) Customer's independent determination of such Shortfall Amount.

Shortfall Amount. If at any time the amount of Customer's Customers’ Total Outstanding Indebtedness exceeds the amount of Customer's Customers’ Maximum Allowable Indebtedness, Customer agrees Customers agree to pay immediately to IBM Credit an amount equal to such excess ("“Shortfall Amount"”) upon the earliest to occur of (a) demand for payment by IBM Credit, (b) the delivery of Customer's Customers’ Collateral Management Report, delivered in accordance with Section Paragraph 7.1, indicating such Shortfall Amount, Amount or (c) any Customer's ’s independent determination of such Shortfall Amount.