Mandatory Payment. In the event the aggregate principal outstanding balance of advances under the Note exceed the Maximum Amount, Borrower shall immediately and without notice or demand of any kind, make such payments as shall be necessary to reduce the principal balance of the Note below the Maximum Amount.
Appears in 2 contracts
Sources: Loan Agreement (American Aircarriers Support Inc), Loan Agreement (American Aircarriers Support Inc)
Mandatory Payment. In the event the aggregate principal outstanding balance of advances outstanding under the Note exceed exceeds the Maximum Amount, Borrower shall immediately and without notice or demand of any kind, make such payments as shall be necessary to reduce the principal balance of the Note to or below the Maximum Amount.
Appears in 1 contract
Mandatory Payment. In the event the aggregate principal outstanding ----------------- balance of advances under the Note exceed the Maximum Amount, Borrower shall immediately and without notice or demand of any kind, make such payments as shall be necessary to reduce the principal balance of the Note below the Maximum Amount.
Appears in 1 contract