Example ContractsClausesapplication of mandatory prepaymentsVariants
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Mandatory Prepayments. If at any time the Revolving Credit Outstandings exceed the Revolving Credit Commitment, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Revolving Credit , Extensions of Credit in an amount equal to such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).

Mandatory Prepayments. If at any time the Revolving Credit Outstandings exceed the Revolving Credit Commitment, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Revolving Credit ,Lenders, Extensions of Credit in an amount equal to such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit ,Lenders, in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).

Mandatory Prepayments. If at any time the Revolving Credit Outstandings exceed the Revolving Credit Commitment, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Revolving Credit ,Lenders, Extensions of Credit in an amount equal to such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).

Mandatory Prepayments. IfRevolving Loan Repayments. The shall from time to time prepay first, the Swing Line Loans and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time the Revolving Credit Outstandings exceed the Revolving Credit Commitment, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by paymentCommitments then in effect; provided that, to the Administrative Agent for the account of the Revolving Credit , Extensions of Credit in an amount equal toextent such excess with each such repayment applied first,amount is greater than the aggregate principal dollar amount of Swing Line Loans and Revolving Loans outstanding immediately prior to the principalapplication of such prepayment, the amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account openedso prepaid shall be retained by the Administrative Agent, for and held in the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral Account as cover for Letter of Credit Usage, as more particularly described in [Section 2.04(l)], and thereupon such cash shall be deemed to be applied in accordance with Section 10.2(b)).reduce the aggregate Letter of Credit Usage by an equivalent amount.

Mandatory Prepayments.Mandatory. If the Administrative Agent notifies at any time that the Total Revolving Credit Outstandings at such time exceed an amount equal to 105% of the Revolving Credit Facility then in effect, then, within two (2) Business Days after receipt of such notice, the Borrowers shall prepay Revolving Credit Loans and/or shall Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Total Revolving Credit Outstandings as of such date of payment to an amount not to exceed the Revolving Credit Facility then in effect; provided, however, that, subject to the provisions of [Section 2.15(a)(ii)], shall not be required to Cash Collateralize the L/C Obligations pursuant to this [Section 2.05(b)] unless after the prepayment in full of the Revolving Credit Loans the Total Revolving Credit Outstandings exceed the Revolving Credit Commitment, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment to theFacility then in effect. The Administrative Agent formay, at any time and from time to time after the accountinitial deposit of the Revolving Credit , Extensions of Credit in an amount equal to such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment ofCash Collateral, request that additional Cash Collateral into a Cash Collateral account opened bybe provided in order to protect against the Administrative Agent, for the benefitresults of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).further exchange rate fluctuations.

Mandatory Prepayments.Prepayments of Revolving Loans. If for any reason the Total Revolving Outstandings at any time the Revolving Credit Outstandings exceed the Aggregate Revolving Credit Commitment,Commitments then in effect, the Borrower agrees to repayshall immediately upon notice fromprepay Loans and/or Cash Collateralize the Administrative Agent, by payment to the Administrative Agent for the account of the Revolving Credit , Extensions of CreditL/C Obligations in an aggregate amount equal to such excess with each such repayment applied first,excess; provided, however, that the Borrower shall not be required to Cash Collateralize the principal amountL/C Obligations pursuant to this [Section 2.05(b)] unless after the prepayment in full of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of CreditSwing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).effect.

Mandatory Prepayments.Prepayments due to any Other Reasons. If the Administrative Agent notifies the Company that at any time for any reason (other than currency fluctuations), the Aggregate Outstanding Revolving Credit Outstandings exceedExposure exceeds the Aggregate Revolving Credit Commitment, then, within two (2) Business Days after receipt of such notice, the Borrower agrees toBorrowers shall repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the accountAdvances comprised of the Revolving Credit , ExtensionsLoans (or, if no Advances comprised of CreditRevolving Loans are outstanding, deposit funds in an LC Collateral Account) in an amount equalsufficient to eliminate such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).excess.

Mandatory Prepayments. If at any timeIn the event and on each occasion that the aggregate Revolving Credit OutstandingsExposures exceed the aggregate Revolving Credit Commitment,Commitments, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment toBorrowers shall prepay Revolving Loan Borrowings or Swingline Loans (or, if no such Borrowings are outstanding, deposit Cash Collateral in an account with the Administrative Agent for the account of the Revolving Credit [[Lenders:Organization]pursuant to [Section 2.05(j)], Extensions of Credit) in an aggregate amount equalnecessary to eliminate such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).excess.

Mandatory Prepayments. If at any timeIn the event and on each occasion that the Aggregate Revolving Credit Outstandings exceedExposure exceeds the Aggregate Revolving Credit Commitment, the Borrower agrees to repay immediately uponshall, within one Business Day of receiving written notice of such excess from the Administrative Agent, by payment toprepay Revolving Borrowings or Swingline Loans (or deposit cash collateral in an account with the Administrative Agent for the account of the Revolving Credit [[Lenders:Organization]in accordance with [Section 2.05(i)], Extensions of Credit) in an aggregate amount equal to such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the Revolving Credit , in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 10.2(b)).excess.

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