Excess Loans. If at any time the aggregate principal amount of the Loans exceeds the Maximum Amount of Credit, the Company will promptly pay to you the amount of such excess.
Excess Loans. If at any time (x) the outstanding principal amount of all General Partnership Loans exceeds the sum of the General Partnership Commitments or (y) the outstanding principal amount of (1) the Working Capital Loans, plus (2) the Swingline Loans, plus (3) the LC Exposure exceeds the sum of the Working Capital Commitments, then the Borrower shall in each case repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Lenders, the General Partnership Loans or the Working Capital Loans (as applicable) in an amount equal to such excess; it being understood and agreed that, after repayment of the Working Capital Loans, any such remaining excess shall be applied as cash collateral in respect of the then outstanding LC Exposure in a comparable manner to that specified in Section 2.06(j). Each such prepayment shall be accompanied by (x) accrued interest to the extent required by Section 2.13 and (y) any amount required to be paid pursuant to Section 2.16.
Excess Loans. If at any time the outstanding principal amount of (1) the General Partnership Loans, plus (2) the Swingline Loans, plus (3) the LC Exposure exceeds the sum of the General Partnership Commitments, then the Borrower shall in each case repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the relevant Lenders, or the General Partnership Loans in an amount equal to such excess; it being understood and agreed that, after repayment of the General Partnership Loans, any such remaining excess shall be applied as cash collateral in respect of the then outstanding LC Exposure in a comparable manner to that specified in Section 2.06(j). Each such prepayment shall be accompanied by (x) accrued interest to the extent required by Section 2.13 and (y) any amount required to be paid pursuant to Section 2.16.
Excess Loans. If at any time the outstanding principal amount of all Revolving Credit Loans exceeds the Revolving Credit Commitment less the sum of all outstanding L/C Obligations, the Borrower shall repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Revolving Credit Lenders, Revolving Credit Loans in an amount equal to such excess with each such repayment applied first to the principal amount of outstanding Revolving Credit Loans and second, with respect to any Letters of Credit then outstanding, to the deposit of cash collateral into a cash collateral account opened by the Administrative Agent and administered thereby in accordance with Section 12.2(b). Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 5.10 hereof.
Excess Loans. Notwithstanding anything in this Agreement to the contrary, Bank shall have the option, in its sole and absolute discretion, to make available to Borrower Excess Loans, provided that Borrower has completed the Excess Loan Prerequisites. Bank shall have ten (10) days from the time of the completion of the Excess Loan Prerequisites to approve or deny Borrower’s request for any Excess Loan.
Excess Loans. The Borrower shall from time to time prepay ------------ first the Swing Line Loans and second the Revolving Loans to the extent ----- ------ necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed either of the following: (A) the Revolving Commitments then in effect or (B) the Borrowing Base Amount then in effect. If, at any time, the then outstanding aggregate amount of all Swing Line Loans shall exceed either (i) the Swing Line Commitment, or (ii) the aggregate amount of the Revolving Commitments of the Lenders minus the sum of (A) the Letter ----- of Credit Usage at such time, and (B) the aggregate principal amount of the Revolving Loans then outstanding, the Borrower shall thereupon prepay, for the account of the Swing Line Lender, the outstanding principal amount of Swing Line Loans in an aggregate amount equal to such excess.
Excess Loans. If at any time the outstanding principal amount of (1) the General Partnership Loans, plus (2) the Swingline Loans, plus (3) the LC Exposure exceeds the sum of the General Partnership Commitments, then the Borrower shall in each case repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the relevant Lenders, or the General Partnership Loans in an amount equal to such excess; it being understood and agreed that, after repayment of the General Partnership Loans, any such remaining excess shall be applied as cash collateral in respect of the then outstanding LC Exposure in a comparable manner to that specified in Section 2.06(j). Each such prepayment shall be accompanied by (x) accrued interest to the extent required by Section 2.13 and (y) any amount required to be paid pursuant to Section 2.16. (q) Clause (b)(ii) of Section 2.11 of the Credit Agreement is amended and restated in its entirety to read as “[Intentionally Omitted.]”.
Excess Loans. The Borrower shall from time to time ------------ prepay first the Swing Line Loans and second the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed (including by reason of fluctuations in the exchange rate between Canadian Dollars and US Dollars) either of the following: (A) the Revolving Commitments then in effect or (B) the Borrowing Base Amount then in effect. If, at any time, the then outstanding aggregate amount of all Swing Line Loans shall exceed (including by reason of fluctuations in the exchange rate between Canadian Dollars and US Dollars) either (i) the Swing Line Commitment, or (ii) the aggregate amount of the Revolving Commitments of the Lenders minus the sum of (A) the Letter of Credit Usage at such time, and (B) the aggregate principal amount of the Revolving Loans then outstanding, the Borrower shall thereupon prepay, for the account of the Swing Line Lender, the outstanding principal amount of Swing Line Loans in an aggregate amount equal to such excess. If any excess remains after the prepayments required by this Section 2.04(c)(vii), the Borrower shall pay to the Administrative Agent for the accounts of the Appropriate Lenders, in same day funds, for deposit to a Cash Collateral Account (over which the Administrative Agent shall have sole and exclusive control, including right of withdrawal) an amount equal to such excess amount. (viii)
Excess Loans. In the event the Secured Party shall make Advances to the Borrower for an amount in excess of the face amount indicated in the Credit Agreement, or if the Corporation should directly or indirectly become indebted to the Secured Party in an amount which is in excess of the said amount, the indebtedness shall nevertheless be secured by the terms of this Security Agreement up to the amount guaranteed under the Guarantee.
Excess Loans. Notwithstanding the provisions of Section 2.01 above, Lender may make Excess Loans (as defined below) to Borrowers. In the event (a) that, at any time, the Aggregate Revolving Loans exceed the Maximum Available Commitment, or (b) any Borrower should directly or indirectly become indebted to Lender for obligations other than those arising under this Agreement, then in such cases, such advances or such indebtedness shall be considered "Excess Loans" and shall be covered by the terms of this Agreement, including but not limited to those provisions affording the Lender a security interest in the Collateral so as to secure payment of all such Excess Loans. Notwithstanding anything stated herein to the contrary, the Lender shall be under no obligation (and has not committed) either to extend or permit Excess Loans.
