Common use of Repayment of Excess Advances Clause in Contracts

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Revolving Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred. The maximum aggregate balance of Advances permitted to be outstanding at any time shall not exceed the lesser of (a) Maximum Revolving Advance Amount or (b) Formula Amount.

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Maximum Revolving Advances permitted hereunder Advance Amount shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred. The maximum aggregate balance of Advances permitted to be outstanding at any time shall not exceed the lesser of (a) Maximum Revolving Advance Amount or (b) Formula Amount.

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount of Revolving Advances permitted hereunder under Section 2.1 hereof shall be immediately due and payable without the necessity of any demand, at the Payment Officeplace designated by Lender, whether or not a an Incipient Event of Default or Event of Default has occurred. The maximum aggregate balance of Advances permitted to be outstanding at any time shall not exceed the lesser of (a) Maximum Revolving Advance Amount or (b) Formula Amount.

Repayment of Excess Advances. The aggregate balance of Revolving Advances outstanding at any time in excess of the maximum amount lesser of the Maximum Revolving Advances permitted hereunder Advance Amount and the Formula Amount shall be immediately due and payable without the necessity of any demand, at the Payment Officeplace designated by the Lender, whether or not a an Incipient Event of Default or Event of Default has occurred. The maximum aggregate balance of Advances permitted to be outstanding at any time shall not exceed the lesser of (a) Maximum Revolving Advance Amount or (b) Formula Amount.