Mandatory Payment. (a) If the Revolving Credit Exposure at any time exceeds the Revolving Borrowing Limit, Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Revolving Loans sufficient to cause the Revolving Credit Exposure not to be in excess of the Revolving Borrowing Limit (without a permanent commitment reduction).
Appears in 5 contracts
Samples: Credit and Security Agreement (Ultralife Corp), Credit and Security Agreement, Credit and Security Agreement (Ultralife Corp)
Mandatory Payment. (a) If the Revolving Credit Exposure at any time exceeds the amount of the Revolving Borrowing Limit, Borrowers Borrower shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Revolving Loans sufficient to cause bring the Revolving Credit Exposure not to be in excess of within the Revolving Borrowing Limit (without a permanent commitment reduction)Limit.
Appears in 1 contract
Samples: Credit and Security Agreement (Ctpartners Executive Search LLC)
