Common use of Excess Revolving Loans Clause in Contracts

Excess Revolving Loans. If at any time the aggregate principal amount of all outstanding Loans exceeds the Revolving Committed Amount, the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Revolving Loans as may be necessary so that, after such prepayment, such excess is eliminated.

Excess Revolving Loans. If at any time the aggregate principal Revolving Commitment Usage of all Lenders exceeds the aggregate amount of all outstanding Loans exceeds the Revolving Committed AmountCommitments, the Borrower shall, not later than on the Business Day after on which the Borrower learns or is notified of the excess, make mandatory prepayments of the Revolving Loans as may be necessary so that, after such prepayment, such excess is eliminated.