Common use of Loans in Excess of Commitment Clause in Contracts

Loans in Excess of Commitment. If, at any time, the amount of the Loans then outstanding shall exceed the Available Commitment, the Borrower shall, on such date and subject to Sections 2.10 and 2.11 hereof, make a repayment of the principal amount of the Loans in an amount equal to such excess, together with any accrued interest and fees with respect thereto.

Appears in 4 contracts

Samples: Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Tower Systems Corp)

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Loans in Excess of Commitment. If, at any time, the amount of the Loans then outstanding shall exceed the Available Commitment, the Borrower shall, on such date and subject to Sections 2.10 and 2.11 hereof, make a repayment of the principal amount of the Loans in an amount equal to such excess, together with any accrued interest and fees with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Rural Cellular Corp), Loan Agreement (Associated Group Inc)

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Loans in Excess of Commitment. If, at any time, the amount of the Loans then outstanding shall exceed the Available Commitment, the Borrower shall, on such date and subject to Sections 2.9 and 2.10 and 2.11 hereof, make a repayment of the principal amount of the Loans in an amount equal to such excess, together with any accrued interest and fees with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Advanced Communications Group Inc/De/)

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