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 Maximum Loan Amount, Borrower shall immediately, without the necessity of any notice or demand, and whether or not a 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 such sum and Availability (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 exceeds the Maximum Loan AmountFacility Cap, 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 such sum the then aggregate outstanding principal balance of the Loan and Availability (all accrued and unpaid interest with respect to such difference shall be simultaneously prepaid)the Facility Cap.

Repayment of Excess Advances. (a) 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 Maximum Loan Amount, Borrower shall immediately, without the necessity of any notice or demand, and whether or not a 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 such sum and Availability (all accrued and unpaid interest with respect to such difference shall be simultaneously prepaid).