Formula Balance. If at any time the limitations set forth in clauses 2.1(b)(i)(A) or 2.1(b)(ii)(X) are exceeded, then within 5 Business Days thereafter, Borrower will make a principal payment to Lender in an amount equal to such overage. If at any time the limitations set forth in clauses 2.1(b)(i)(B), 2.1(b)(i)(C), 2.1(b)(ii)(Y) or 2.1(b)(ii)(Z) above are exceeded, then within 20 days thereafter, Borrower will at its sole option either (A) make a principal payment to Lender or (B) pledge to Lender Additional Timeshare Inventory (under the conditions set forth in Section 2.11 hereof) (or any combination of the alternatives contained in clauses (A) or (B) above) so that after such payment or pledge, the relevant limitation is not exceeded.
Formula Balance. If at any time the limitations set forth in clauses 2.1(b)(i)(A), 2.1(b)(i)(B), 2.1(b)(ii)(W) or 2.1(b)(ii)(X) are exceeded, then within 5 Business Days thereafter, Borrower will make a principal payment to Lender in an amount equal to such overage. If at any time the limitations set forth in clauses 2.1(b)(i)(C), 2.1(b)(ii)(Y) or 2.1(b)(ii)(Z) above are exceeded, then within 20 days thereafter, Borrower will at its sole option either (A) make a principal payment to Lender or (B) pledge to Lender completed Timeshare Inventory from the Timeshare Project (the "Additional Timeshare Inventory") (or any combination of the alternatives contained in clauses (A) or (B) above) so that after such payment or pledge, the relevant limitation is not exceeded; provided that, in the case of pledging Additional Timeshare Inventory to Lender, (i) the Mortgage is amended to include such Additional Timeshare Inventory within the scope of the lien created thereunder, (ii) the Title Policy is endorsed to include as a part of Schedule A thereof such Additional Timeshare Inventory, subject only to the Permitted Encumbrances, at the sole cost and expense of Borrower, under a form of endorsement reasonably acceptable to Lender and (iii) the conditions contained in Sections 4.1(l) and (m) are satisfied with respect to such Additional Timeshare Inventory.
