Common use of Loan Prepayments Clause in Contracts

Loan Prepayments. (i) In the event of the termination of all the Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Borrowings and replace all outstanding Letters of Credit or Cash Collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.20.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, Inc.)

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Loan Prepayments. (i) In the event of the termination of all the Commitments, the Borrower shall, on the date of such termination, repay or prepay all its outstanding Borrowings and replace all outstanding Letters of Credit or Cash Collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.20Loans.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

Loan Prepayments. (i) In the event of the termination of all the Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Borrowings and replace all outstanding Letters of Credit or Cash Collateralize all outstanding Letters of Credit and/or deposit an amount equal to the LC Exposure in accordance with the procedures set forth in Section 2.20LC Sub Account.

Appears in 1 contract

Samples: Credit Agreement (Basic Energy Services Inc)

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Loan Prepayments. (i) In the event of the termination of all the Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Borrowings and either (A) replace all outstanding Letters of Credit or Cash Collateralize (B) cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.202.18(i).

Appears in 1 contract

Samples: Credit Agreement (EPL Intermediate, Inc.)

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