Common use of Mandatory Prepayment Resulting From Overadvances Clause in Contracts

Mandatory Prepayment Resulting From Overadvances. In the event the unpaid principal amount of the Revolving Loans ever exceeds the Line of Credit Loan Commitment, the Borrower unconditionally agrees, within five (5) days after notice from Agent of the occurrence of such an excess amount (an “overadvance”) to make a lump sum payment to the Agent in an amount equal to the overadvance.

Mandatory Prepayment Resulting From Overadvances. In the event the unpaid principal amount of the Revolving Loans ever exceeds the Line of Credit Loan Commitment, the Borrower unconditionally agrees, within five (5) days after notice from Agent of the occurrence of such an excess amount (an “"overadvance”") to make a lump sum payment to the Agent in an amount equal to the overadvance.