Availability Limit. Should the aggregate principal amount of the outstanding Loans other than Swing Loans at any time exceed the Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks; provided, however, that in the event that the aggregate amount of outstanding but undrawn Letters of Credit exceeds the Availability, the Company shall deliver cash collateral to the Administrative Agent in the amount of such excess.
Appears in 2 contracts
Sources: Credit Agreement (Bedford Property Investors Inc/Md), Credit Agreement (Bedford Property Investors Inc/Md)
Availability Limit. Should the aggregate principal amount of the outstanding Loans other than Swing Loans at any time exceed the Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks; provided, however, that in the event that the aggregate amount of outstanding but undrawn Letters of Credit exceeds the Availability, the Company shall deliver cash collateral to the Administrative Agent in the amount of such excess.
Appears in 1 contract
Sources: Credit Agreement (Bedford Property Investors Inc/Md)