Mandatory Payments/Reductions. If for any reason the Outstanding Amount of all Loans and L/C Obligations at any time exceeds the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
Mandatory Payments/Reductions. If for any reason the Outstanding Amount of all Revolver Loans and L/C Obligations at any time exceeds the Aggregate Revolver Commitments then in effect, the Borrower shall immediately prepay Revolver Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
Mandatory Payments/Reductions. (i) If for any reason the Outstanding Amount of all Committed Loans, Swing Line Loans, and L/C Obligations at any time exceeds the Aggregate Commitments then in effect, the Borrower shall immediately prepay Committed Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess unless such excess occurs as a result of an event described in clause (ii) of this Section in which case such excess shall be repaid within three Business Days of such excess occurring; and (ii) if for any reason the Outstanding Amount of all Committed Loans, Swing Line Loans, and L/C Obligations under the Working Capital/Distribution Subfacility exceeds the Working Capital/Distribution Subfacility Commitment, the Borrower shall prepay Committed Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess within three Business Days of such excess occurring.
Mandatory Payments/Reductions. If for any reason the Outstanding Amount of all Committed Loans and L/C Obligations under the Facility exceeds the Aggregate Committed Sum, the Borrower shall prepay Committed Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess within three (3) Business Days of such excess occurring.
Mandatory Payments/Reductions. If for any reason the Outstanding Amount of all Committed Revolver Loans and L/C Obligations under the Revolver Facility exceeds the Revolver Commitment, the Borrower shall prepay Committed Revolver Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess within three Business Days of such excess occurring.
Mandatory Payments/Reductions. On any date of determination if the Commitment Usage exceeds the Commitment then in effect, then Borrower shall make a mandatory prepayment of the Principal Debt, in at least the amount of such excess, together with (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof; provided that, on any such reduction date, if no Principal Debt is then outstanding, but the LC Exposure exceeds the Commitment, then Borrower shall provide to Administrative Agent, for the benefit of Lenders, cash collateral in Dollars for deposit into the Letter of Credit Cash Collateral Account in an amount at least equal to 110% such excess. All mandatory prepayments or commitment reductions under the Facility hereunder shall be allocated among Lenders in accordance with their respective Commitment Percentages under the Facility.
Mandatory Payments/Reductions. After the Third Amendment Effective Date, if for any reason the Outstanding Amount of L/C Obligations at any time exceeds $1,000,000, the Borrowers shall immediately Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.”
Mandatory Payments/Reductions. On any date of determination if the Commitment Usage exceeds the Commitment then in effect, then Borrower shall make a mandatory prepayment of the Principal Debt, in at least the amount of such excess, together with (x) all accrued and unpaid interest on the principal amount so prepaid and (y) any Consequential Loss arising as a result thereof. All mandatory prepayments or commitment reductions under the Facility hereunder shall be allocated among the Lenders in accordance with their respective Commitment Percentages under the Facility. NBPLP CREDIT AGREEMENT
Mandatory Payments/Reductions. If for any reason the Outstanding Amount of all Loans and L/C Obligations at any time exceeds the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans in an aggregate amount equal to such excess, and if, after prepayment of all Loans, any such excess remains, the Borrower shall immediately Cash Collateralize the L/C Obligations in an aggregate amount equal to such remaining excess.
(n) Section 2.06 of the Credit Agreement (Repayment of Loans) is hereby amended and restated in its entirety as follows:
Mandatory Payments/Reductions. (i) If for any reason the Outstanding Amount of all Committed Loans, Swing Line Loans, and L/C Obligations at any time exceeds the Aggregate Commitments then in effect, the Borrower shall immediately prepay Committed Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess unless such excess occurs as a result of an event described in clauses (ii) or (iii) of this Section, in which case such excess shall be repaid within three Business Days of such excess occurring; (ii) if for any reason the Outstanding Amount of all Committed Loans, Swing Line Loans, and L/C Obligations under the Working Capital/Distribution Subfacility exceeds the Working Capital/Distribution Subfacility Commitment, the Borrower shall prepay Committed Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess within three Business Days of such excess occurring; and (iii) if for any reason the Outstanding Amount of all Committed Loans under the Acquisition Subfacility exceeds the Acquisition Subfacility Commitment, the Borrower shall prepay Committed Loans in an aggregate amount equal to such excess within three Business Days of such excess occurring.
