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Based on the error message provided, the issue appears to be related to the Tenant External Recipient Rate Limit (TERRL) in Exchange Online.
I would recommend reviewing the AI-generated answer, as it contains detailed guidance on this scenario.
If the tenant has reached its external recipient limit, outbound messages to external recipients may be temporarily blocked until the recipient count falls back below the allowed threshold. In most cases, the recommended action is to pause external email traffic and wait for the rolling 24-hour window to expire before attempting to send externally again.
A Microsoft 365 administrator may also review the Tenant Outbound External Recipients report in the Exchange admin center > Reports > Mail flow > Tenant Outbound External Recipients Rate to verify the tenant's current external recipient usage.
For reference: Introducing Exchange Online Tenant Outbound Email Limits | Microsoft Community Hub
Additionally, if outbound email is being sent from the default onmicrosoft.com domain, you may find the following article helpful, as it explains the separate sending limits that apply to that domain: Limiting Onmicrosoft Domain Usage for Sending Emails | Microsoft Community Hub