Common use of Committed Amount Clause in Contracts

Committed Amount. If at any time after the Closing Date, the Advances Outstanding shall exceed the aggregate Committed Amount then in effect, the Borrower immediately shall prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) cash collateralize the LOC Obligations in an amount sufficient to eliminate such excess. All amounts required to be paid pursuant to this Section 2.7(b)(i) shall be paid and applied as follows: (A) first to the payment of outstanding Swingline Loans, (B), second, to the payment of outstanding Revolving Loans in the Currency in which such loans are owed; and (C) third, to a cash collateral account in respect of LOC Obligations in the Currency in which such LOC Obligations were issued. All prepayments under this Section 2.7(b)(i) shall be subject to Section 2.17 and be accompanied by interest on the principal amount prepaid through the date of prepayment.