Common use of Excess Loans Outstanding Clause in Contracts

Excess Loans Outstanding. If, on any day, the Principal Obligations exceed the Available Commitment (including, without limitation, as a result of an Exclusion Event), then the Borrowers shall pay upon written demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 3.5(b)(ii)), by the Required Payment Time. Each Credit Party hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.5(b) have been satisfied in full.

Excess Loans Outstanding. If, on any day, day the Principal Obligations exceed exceeds the Available Commitment (including, without limitation, as a result of an Exclusion EventEvent or of any Concentration Limit being exceeded), then the Borrowers shall pay upon written without further demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds (except to the extent any such excess is addressed by Section 3.5(b)(ii))funds, by the Required Payment Time. Each Credit Party hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.5(b3.5(b)(i) have been satisfied in full.

Excess Loans Outstanding. If, on any day, day the Dollar Equivalent of the Principal Obligations exceed exceeds the Available Commitment (including, without limitation, including as a result of an Exclusion Event), then the Borrowers shall pay upon written without further demand such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds Same Day Funds (except to the extent any such excess is addressed by Section 3.5(b)(ii)), by the Required Payment Time. Each Credit Party hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.5(b) have been satisfied in full.