Examples of Outstanding Loan Borrowings in a sentence
Notwithstanding any other provision of this Agreement or any Loan Documents to the contrary, all Outstanding Loan Borrowings, accrued but unpaid interest, Other Amounts, and any other amounts which may be due pursuant to this Agreement or any other Loan Document, shall be due and payable in full on the Maturity Date.
If, at any time, the aggregate Outstanding Loan Borrowings exceed the Available Loan Commitment, (including, without limitation, by reason of Commitment Amount reductions, changes in Appraised Values, exclusion of Eligible Collateral, adjustments to the Borrowing Base or Collateral Value, or otherwise), Borrower shall be obligated to make a payment to Lender in an amount equal to that amount by which the Outstanding Loan Borrowings exceed the Available Loan Commitment (a “Remargining Payment”).
Notwithstanding anything to the contrary set forth elsewhere in any Loan Document, at no time shall the aggregate Outstanding Loan Borrowings exceed the Available Loan Commitment.
To the extent any such adjustment or exclusion results in the aggregate Outstanding Loan Borrowings exceeding the Available Loan Commitment, then Borrower shall be required to make a Remargining Payment in accordance with Section 2.4(b)(ii).
If any of the conditions or limitations on Eligible Collateral, Collateral Value, Outstanding Loan Borrowings, or outstanding Advances set forth in this Article 3 or elsewhere in this Agreement are exceeded, remain unsatisfied or are otherwise violated, Lender may at its option either exclude such Collateral from Eligible Collateral or adjust the Collateral Value of such Eligible Collateral until such time as such conditions and or limitations are met or otherwise complied with.
Lender will maintain in accordance with its usual practice an account or account evidencing the Outstanding Loan Borrowings and other Obligations due Lender with respect to the Loan, including without limitation, as a result of Advances made from time to time pursuant to this Agreement and any payments of principal and interest by Borrower from time to time.
If for any reason (a) a payment is required in order to comply with the provisions of Section(s) 5.3.1, 5.3.2 and/or 5.3.3 above, or (b) at any time the Outstanding Loan Borrowings exceed the Borrowing Availability (including, without limitation, by reason of Commitment Amount reductions, changes in Appraised Values, exclusion of Eligible Property, adjustments to the Eligible Property or Collateral Value, or otherwise), Borrower shall be obligated to make a Remargining Payment.
If for any reason (a) a payment is required in order to comply with the provisions of Section(s) 2.9.1 and/or 2.9.2 above, or (b) at any time the Outstanding Loan Borrowings exceed the Borrowing Availability (including, without limitation, by reason of Commitment Amount reductions, exclusion of Eligible Property, adjustments to the Eligible Property or Borrowing Availability Value, or otherwise), Borrower shall be obligated to make a payment equal to the amount of such excess (“Remargining Payment”).
Notwithstanding the foregoing, Borrower shall not be obligated to pay the Unused Commitment Fee unless the average Outstanding Loan Borrowings is less than forty percent (40%) of the Commitment Amount.
Anything in the Loan Documents to the contrary notwithstanding, the total Outstanding Loan Borrowings shall not at any time exceed the Borrowing Availability.