Anti-Cash Hoarding. If, (a) as at the end of any calendar month, the Consolidated Cash Balance exceeds the Consolidated Cash Balance Threshold and (b) the outstanding principal balance of Debt permitted by Section 9.02(m) is greater than zero, then the Borrower shall, within five (5) Business Days of becoming aware of any such excess, repay any Debt permitted by Section 9.02(m) in an aggregate principal amount, plus accrued interest, if any, equal to such excess.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Sundance Energy Inc.), Term Loan Credit Agreement (Sundance Energy Australia LTD)
Anti-Cash Hoarding. If, (a) as at of the end of any calendar month, the Consolidated Cash Balance exceeds the Consolidated Cash Balance Threshold and (b) the outstanding principal balance of Debt permitted by Section 9.02(m) is greater than zeroany Loans are then outstanding, then the Borrower shall, within five (5) Business Days of becoming aware of any such excess, excess repay any Debt permitted by Section 9.02(m) Loans outstanding in an aggregate principal amount, plus accrued interest, if any, equal to such excess.
Appears in 2 contracts
Samples: Credit Agreement (Sundance Energy Inc.), Credit Agreement (Sundance Energy Australia LTD)
