Common use of Mandatory Repayment of Excess Loans Clause in Contracts

Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans exceeds the Aggregate Commitment less the L/C Obligations, the Borrowers shall repay immediately upon notice from the Agent, by payment to the Agent for the account of the Lenders, the Loans in an amount equal to such excess. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans exceeds the lesser of (i) the Aggregate Commitment less the L/C ObligationsLetter of Credit Obligations or (ii) the Borrowing Base, the Borrowers Borrower shall repay immediately upon notice from the Agent, by payment to the Agent for the account of the Lenders, the Loans in an amount equal to such excess. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 3.12 hereof.

Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans exceeds the lesser of (i) the Aggregate Commitment less or (ii) the L/C ObligationsBorrowing Base, the Borrowers Borrower shall repay immediately upon notice from the Agent, by payment to the Agent for the account of the Lenders, the Loans in an amount equal to such excess. Each such repayment shall be accompanied by accrued interest on the amount repaid and any amount required to be paid pursuant to Section 4.9 3.9 hereof.

Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Revolving Loans exceeds the Aggregate Commitment less the L/C Obligations, the Borrowers Borrower shall repay immediately upon notice from the Agent, by payment to the Agent for the account of the Lenders, the Revolving Loans in an amount equal to such excess. Each such repayment shall be accompanied by accrued interest on the amount repaid and any amount required to be paid pursuant to Section 4.9 4.8 hereof.. M#368727 15