Common use of Mandatory Payment Clause in Contracts

Mandatory Payment. (a) If, at any time, (i) the Revolving Exposure shall exceed the Total Commitment Amount or (ii) the aggregate principal amount of Loans made to Foreign Borrowers exceeds the Foreign Borrower Borrowing Limit, then, in each case, the applicable Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of Loans sufficient to bring the aggregate outstanding principal amount of all such Loans within the Total Commitment Amount or within the Foreign Borrower Borrowing Limit, as the case may be, provided that (x) if the Dollar Equivalent of the amounts of outstanding Revolving Loans denominated in Alternate Currencies has increased as a result of fluctuations in the exchange rate applicable to the relevant Alternate Currency such that the Revolving Exposure exceeds the Total Commitment as then in effect or (y) if the Dollar Equivalent of the aggregate principal amount of Loans made to Foreign Borrowers denominated in Alternate Currencies has increased as a result of fluctuations in the exchange rate applicable to the relevant Alternate Currency such that such principal amount exceeds the Foreign Borrower Borrowing Limit as then in effect, as the case may be, then the applicable Borrowers shall not be obligated to make a prepayment or payover under this Section 2.09(a) unless (1) the amount of Revolving Exposure is 105% or more of the Total Commitment (but any such required prepayment or payover shall be in the full amount of any such excess over 100% of the Total Commitment) or (2) the aggregate principal amount of Loans made to Foreign Borrowers is 105% or more of the Foreign Borrower Borrowing Limit (but any such required prepayment or payover shall be in the full amount of any such excess over 100% of the Foreign Borrower Borrowing Limit), as the case may be.

Mandatory Payment. (a) If, at as of any timedate, (i) the Revolving Credit Exposure shall exceed the Total Commitment Amount or (ii) the aggregate principal amount of Loans made to Foreign Borrowers exceeds the Foreign Amount, Borrower Borrowing Limitshall prepay, then, in each case, the applicable Borrowers shall, as promptly as practicable, but in by no event later than the next Business Day, prepay an aggregate principal amount of the Loans sufficient to bring the aggregate outstanding principal amount of all such Loans Revolving Credit Exposure within the Total Commitment Amount or within or, (ii) the Foreign Letter of Credit Exposure exceeds the Letter of Credit Commitment, Borrower Borrowing Limit, shall deposit in a cash collateral account maintained by Agent an amount in Dollars equal to the amount of any such excess to be held as security for Borrower's obligations in respect of Letters of Credit (and which will be returned to Borrower to the case may be, extent that the amount of cash collateral provided that hereunder exceeds the greater of (x) the amount by which the Revolving Credit Exposure exceeds the Total Commitment Amount and (y) the amount by which the Letter of Credit Exposure exceeds the Letter of Credit Commitment); provided, however, that, notwithstanding the foregoing, if the Dollar Equivalent of the amounts of outstanding Revolving Loans denominated in Alternate Currencies Currency Exposure has increased as a result of fluctuations in the exchange rate applicable to the relevant Alternate Currency or Alternate Currencies such that the Revolving Credit Exposure at any time exceeds the Total Commitment as then in effect Amount or (y) if the Dollar Equivalent Letter of the aggregate principal amount of Loans made to Foreign Borrowers denominated in Alternate Currencies has increased as a result of fluctuations in the exchange rate applicable to the relevant Alternate Currency such that such principal amount Credit Exposure exceeds the Foreign Borrower Borrowing Limit as then in effect, as the case may beLetter of Credit Commitment, then the applicable Borrowers Borrower shall not be obligated to make a prepayment or payover under pursuant to this Section 2.09(asubpart (a) unless (1) so long as the Revolving Credit Exposure does not exceed an amount of Revolving Exposure is equal to 105% or more of the Total Commitment (but any such required prepayment or payover shall be in Amount and the full Letter of Credit Exposure does not exceed an amount of any such excess over 100equal to 105% of the Total Letter of Credit Commitment) or (2) the aggregate principal amount of Loans made to Foreign Borrowers is 105% or more of the Foreign Borrower Borrowing Limit (but any such required prepayment or payover shall be in the full amount of any such excess over 100% of the Foreign Borrower Borrowing Limit), as the case may be.