Common use of Repayment of Credit Excess Clause in Contracts

Repayment of Credit Excess. The Borrower shall repay to the Agent for the account of the Lenders on demand by the Agent the amount of any Credit Excess existing from time to time, any such repayment to be made no later than one Business Day after the making of such demand. To the extent any such Credit Excess results solely from currency fluctuations, no such demand shall be made (unless a Default has occurred and is continuing) unless the amount of any such Credit Excess at the time of such demand exceeds 103% of the amount of the Credit Facility at such time.

Repayment of Credit Excess. The Borrower Borrowers shall repay to the Administrative Agent for the account of the Lenders relevant Lenders, on demand by the Agent Administrative Agent, the amount of any Credit Excess existing from time to time, any such repayment to be made no later than one Business Banking Day after the making of such demand. To the extent any such Credit Excess results solely from currency fluctuations, no such demand shall be made (unless a Default has occurred and is continuing) unless the amount of any such Credit Excess at the time of such demand exceeds 103105% of the amount of the Credit Facility relevant Total Commitment Amount at such time.