Common use of Repayment of Excess Advances Clause in Contracts

Repayment of Excess Advances. (a) If at any time and for any reason, the outstanding unpaid principal balance of the Loan exceeds the Facility Cap, Borrower shall immediately, without the necessity of any notice or demand, whether or not a Potential Default or Event of Default has occurred or is continuing, prepay the principal balance of the Loan in an amount equal to the difference between the then aggregate outstanding principal balance of the Loan and the Facility Cap.

Repayment of Excess Advances. (a) If If, at any time and for any reason, the outstanding unpaid principal balance of the Loan exceeds the Facility CapMaximum Loan Amount, Borrower shall immediately, without the necessity of any notice or demand, and whether or not a Potential Default or an Event of Default has occurred or is continuing, prepay the principal balance of the Loan in an amount equal to the difference between the then aggregate outstanding principal balance of the Loan such sum and the Facility CapAvailability (all accrued and unpaid interest with respect to such difference shall be simultaneously prepaid).

Repayment of Excess Advances. (a) If If, at any time and for any reason, the outstanding unpaid principal balance of the Loan (including (for the avoidance of doubt) any Restricted Advance) exceeds the Facility CapMaximum Loan Amount, Borrower shall immediately, without the necessity of any notice or demand, and whether or not a Potential Default or an Event of Default has occurred or is continuing, prepay the principal balance of the Loan in an amount equal to the difference between the then aggregate outstanding principal balance of the Loan such sum and the Facility CapAvailability (all accrued and unpaid interest with respect to such difference shall be simultaneously prepaid).