Common use of Excess Revolving Loans Clause in Contracts

Excess Revolving Loans. (i) If at any time the aggregate principal amount of all outstanding Tranche A Revolving Loans plus all outstanding L/C Obligations plus all outstanding Swing Line Loans plus all outstanding Bid Loans exceeds the Tranche A Revolving Committed Amount, the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche A Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations as may be necessary so that, after such prepayment, such excess is eliminated. (ii) If at any time the aggregate principal amount of all outstanding Tranche B Loans exceeds the Tranche B Revolving Committed Amount (other than as a result of changes in one or more Spot Rates), the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche B Revolving Loans as may be necessary so that, after such prepayment, such excess is eliminated. (iii) If the Agent notifies the Borrower at any time that, as a result of a change in the Spot Rate, the principal amount of all Tranche B Loans at such time exceeds 105% of the Tranche B Revolving Committed Amount then in effect, the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche B Loans as may be necessary, so that after such prepayment, such excess is eliminated.

Excess Revolving Loans. (i) If at any time the aggregate principal amount of all outstanding Tranche A Revolving Loans plus all outstanding L/C Obligations plus all outstanding Swing Line Loans plus all outstanding Bid Loans exceeds the Tranche A Revolving Committed Amount, the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche A Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations as may be necessary so that, after such prepayment, such excess is eliminated. (ii) If at any time the aggregate principal amount of all outstanding Tranche B Revolving Loans exceeds the Tranche B Revolving Committed Amount (other than as a result of changes in one or more Spot Rates), the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche B Revolving Loans as may be necessary so that, after such prepayment, such excess is eliminated. (iii) If the Agent notifies the Borrower at any time that, as a result of a change in the Spot Rate, the principal amount of all Tranche B Revolving Loans at such time exceeds 105% of the Tranche B Revolving Committed Amount then in effect, the Borrower shall, not later than the Business Day after the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche B Revolving Loans as may be necessary, so that after such prepayment, such excess is eliminated.

Excess Revolving Loans. (i) If at any time the aggregate principal Revolving Commitment Usage of all Lenders exceeds the aggregate amount of all outstanding Tranche A the Revolving Loans plus all outstanding L/C Obligations plus all outstanding Swing Line Loans plus all outstanding Bid Loans exceeds the Tranche A Revolving Committed AmountCommitments, the Borrower shall, not later than on or prior to two (2) Business Days after the Business Day after day on which a Responsible Officer of the Borrower learns or is notified of the excess, make mandatory prepayments of the Tranche A Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations as may be necessary so that, after such prepayment, such excess is eliminated. (ii) If at any time on or prior to the aggregate principal amount of all outstanding Tranche B Loans exceeds the Tranche B Revolving Committed Amount (other than as a result of changes in one or more Spot Rates)Commitment Termination Date, there is an Overdraw, the Borrower shall, not later than on or prior to two (2) Business Days after the Business Day after day on which a Responsible Officer of the Borrower learns or is notified of the excessOverdraw, make mandatory prepayments of the Tranche B Revolving Loans as may be necessary necessary, so that, after such prepayment, such excess Overdraw is eliminatedeliminated (unless prior thereto the Borrower has taken such actions as have resulted in a sufficient increase in Availability to eliminate such Overdraw). (iii) If Each Mandatory Prepayment shall be applied to the Agent notifies the Borrower at any time that, as a result of a change in the Spot Rate, the unpaid principal amount of all Tranche B Loans at such time exceeds 105% Revolving Loans; provided that each Mandatory Prepayment shall be applied first to reduce the Base Rate Loan constituting a portion of the Tranche B Revolving Committed Amount respective Loan and then to the Fixed Rate Loans constituting a portion thereof, in effect, the Borrower shall, not later than order of termination of Borrowing Periods applicable thereto. Each Mandatory Prepayment shall be made together with accrued interest on the Business Day after amount prepaid to the Borrower learns or is notified date of the excess, make mandatory prepayments of the Tranche B Loans as may be necessary, so that after such prepayment, such excess is eliminated.