Common use of Loans in Excess of Commitments Clause in Contracts

Loans in Excess of Commitments. If, at any time, the amount of the Loans then outstanding under any Commitment shall exceed the applicable Commitment, the Borrower shall, on such date and subject to Section 2.10 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 (Metrocall Inc), Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)

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Loans in Excess of Commitments. If, at any time, the amount of the Loans then outstanding under any either Commitment shall exceed the applicable Commitment, the Borrower shall, on such date and subject to Section 2.10 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 (Metrocall Inc)

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