Common use of Excess Credit Exposure Clause in Contracts

Excess Credit Exposure. If at any time the Revolving Loan exceeds the limits set forth in Section 2.1, the Borrower shall within one Banking Day pay the amount of such excess to the Agent for the account of the Lenders. If at any time the Letter of Credit Exposure exceeds the limits set forth in Section 2.5, the Borrower shall within one Banking Day pay the amount of such excess to the Agent for the account of the Lenders to be applied as provided in Section 4.5.

Appears in 2 contracts

Samples: Credit Agreement (Racing Champions Corp), Credit Agreement (Racing Champions Corp)

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Excess Credit Exposure. If at any time the Revolving Loan ---------------------- exceeds the limits set forth in Section 2.1, the Borrower Company shall within one Banking Day pay the amount of such excess to the Agent for the account as a prepayment of the LendersRevolving Loan. If at any time the Letter of Credit Exposure exceeds the limits set forth in Section 2.52.3, the Borrower Company shall within one Banking Day pay the amount of such excess to the Agent for the account of the Lenders to be applied as provided in Section 4.5.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess Credit Exposure. If at any time the Revolving Loan exceeds the limits set forth in Section 2.1, the Borrower Company shall within one Banking Day pay the amount of such excess to the Managing Agent for the account of the Lenders. If at any time the Letter of Credit Exposure exceeds the limits set forth in Section 2.52.3, the Borrower Company shall within one Banking Day pay the amount of such excess to the Managing Agent for the account of the Lenders to be applied as provided in Section 4.5.

Appears in 1 contract

Samples: Credit Agreement (American Tower Corp)

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Excess Credit Exposure. If at any time the Revolving Loan exceeds the limits set forth in Section 2.1, the Borrower shall within one Banking Day pay the amount of such excess to the Agent for the account as a prepayment of the LendersRevolving Loan. If at any time the Letter of Credit Exposure exceeds the limits set forth in Section 2.52.3, the Borrower shall within one Banking Day pay the amount of such excess to the Agent for the account of the Lenders to be applied as provided in Section 4.5.

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

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