Common use of Mandatory Payments and Prepayments Clause in Contracts

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date. (b) In the event that, at any time, the aggregate principal amount of Revolving Credit Exposure outstanding at such time shall exceed the Aggregate Revolving Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Loans in the amount of such excess. (c) Each prepayment of the Loans made pursuant to Section 2.6(b) shall be applied first to the Swingline Loans to the full extent thereof, second to prepay all Base Rate Loans and finally to any LIBOR Loans. Each payment or prepayment pursuant to the provisions of this Section shall be applied ratably among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by each. (d) Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section on a day other than the last day of the Interest Period applicable thereto shall be made together with all amounts required under Section 2.18 to be paid as a consequence thereof.

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date. (b) In the event that, at any time, the aggregate principal amount of Revolving Credit Exposure Loans outstanding at such time shall exceed the Aggregate Revolving aggregate Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Loans in the amount of such excess. (c) In the event that, at any time on or after June 30, 2003, the aggregate principal amount of the Loans outstanding at such time shall exceed an amount equal to (y) the aggregate Commitments at such time minus (z) the aggregate principal amount outstanding under the Xxxxxx Senior Notes at such time, the Borrower will immediately prepay the outstanding principal amount of the Loans in the amount of such excess. (d) Each prepayment of the Loans made pursuant to Section 2.6(b) or 2.6(c) shall be applied first to the Swingline Loans to the full extent thereof, second to prepay all Base Rate Loans and finally to before any LIBOR LoansLoans are prepaid. Each payment or prepayment pursuant to the provisions of this Section shall be applied ratably among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by each. (de) Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section on a day other than the last day of the Interest Period applicable thereto shall be made together with all amounts required under Section 2.18 to be paid as a consequence thereof.

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date. (b) In the event that, at any timetime (including, without limitation, in the event of a mandatory reduction of the Commitments pursuant to SECTION 2.5(c)), the aggregate principal amount of Revolving Credit Exposure Loans outstanding at such time shall exceed the Aggregate Revolving aggregate Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Loans in the amount of such excess. (c) Each prepayment of the Loans made pursuant to Section SECTION 2.6(b) above shall be applied first to the Swingline Loans to the full extent thereof, second to prepay all Base Rate Loans and finally to before any LIBOR LoansLoans are prepaid. Each payment or prepayment pursuant to the provisions of this Section SECTION 2.6 shall be applied ratably among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by each. (d) Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section on a day other than the last day of the Interest Period applicable thereto shall be made together with all amounts required under Section SECTION 2.18 to be paid as a consequence thereof.;