Mandatory Prepayment of Revolving Credit Loans. If for any reason the Total Revolving Credit Outstandings at any time exceed the Aggregate Revolving Credit Commitment at such time, the Borrower shall immediately prepay Revolving Credit Loans in an aggregate amount equal to such excess.
Mandatory Prepayment of Revolving Credit Loans. If at any time the Revolving Credit Facility Usage is in excess of the Borrowing Base (such excess being herein called a "Borrowing Base Deficiency"), Borrower shall, within fifteen days after Agent gives notice of such fact to Borrower prepay the principal of the Revolving Credit Loans in an aggregate amount at least equal to such Borrowing Base Deficiency (or, if the Revolving Credit Loans have been paid in full, deliver LC Collateral to LC Issuer as required under Section 2.15(a)). Each prepayment of principal under this subsection shall be accompanied by all interest then accrued and unpaid on the principal so prepaid. Any principal or interest prepaid pursuant to this subsection shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such prepayment.
Mandatory Prepayment of Revolving Credit Loans. If, on any Business Day, (x) the sum of: (A) the aggregate Revolving Credit Loans outstanding at such time plus (B) the aggregate LC Exposure of the Banks outstanding at such time exceeds (y) the aggregate Revolving Credit Commitments of all of the Banks then in effect, then the Borrower shall on such day prepay to the Agent for the account of the Banks an aggregate principal amount of such Revolving Credit Loans in an amount at least equal to such excess plus any amounts required pursuant to the provisions of Section 0 of this Agreement.
Mandatory Prepayment of Revolving Credit Loans. If for any reason the aggregate Revolving Credit Exposure of all Revolving Credit Lenders at any time exceeds the Aggregate Revolving Credit Commitments then in effect, the Borrower shall immediately prepay Revolving Credit Loans, prepay Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Revolving Credit Loans and Swing Line Loans the aggregate Revolving Credit Exposure of all Revolving Credit Lenders exceeds the Aggregate Revolving Credit Commitments then in effect.
Mandatory Prepayment of Revolving Credit Loans. If, on any Business Day, whether a Reference Rating Upgrade then exists or does not then exist, the aggregate principal amount of Revolving Credit Loans of the Lenders then outstanding plus the aggregate LC Exposure of the Lenders then existing exceeds the aggregate Revolving Credit Commitments of the Lenders then in effect, the Borrowers shall on such day prepay to the Administrative Agent an amount sufficient to eliminate such excess which amount shall be used to prepay the Lenders ratably in accordance with each Lender’s Pro Rata Share and shall be in addition to any other prepayments required pursuant to this Section 2.8(b).
Mandatory Prepayment of Revolving Credit Loans. Section 3.2 of the Credit Agreement is hereby amended by inserting after the first sentence thereof the following new sentences: In addition to the mandatory prepayment required by the preceding sentence, the Borrowers shall also prepay the Revolving Credit Loans as required pursuant to Section 4.4.2. In the event that the Borrowers have prepaid Revolving Credit Loans as required pursuant to Section 4.4.2 with Net Cash Proceeds received in connection with Permitted Sale-Leasebacks and thereafter have reborrowed under Section 2 more than $4,000,000 of the amount so repaid, then to the extent that the aggregate principal amount of the Revolving Credit Loans so reborrowed and still outstanding on April 30, 2002 exceeds $4,000,000, the Borrowers shall also repay on April 30, 2002 any Revolving Credit Loans in an aggregate principal amount equal to such excess. For purposes of calculating the outstanding principal amount of Revolving Credit Loans so reborrowed and outstanding on April 30, 2002, (i) any voluntary repayments of Revolving Credit Loans received by the Agent after such reborrowing shall be deemed to have been applied to repay such reborrowed Revolving Credit Loans and (ii) no mandatory prepayments required pursuant to Section 4.4.2 shall be deemed to have been applied to repay such reborrowed Revolving Credit Loans unless and until no other Revolving Credit Loans remain outstanding on April 30, 2002.
Mandatory Prepayment of Revolving Credit Loans. At such time, if any, that the net book value of assets (including stock of any Subsidiary which is not a Material Subsidiary) of Holding, Company or any Subsidiary disposed of in a U.S. Asset Sale since February 24, 1995 exceeds $5,000,000 in the aggregate, Company shall, within 2 Business Days of the date of receipt of any Net Cash Proceeds from any such U.S. Asset Sale thereafter (or within 2 Business Days of the date of receipt of any portion of Net Cash Proceeds from one such U.S. Asset Sale that results in the aggregate net book value of all assets disposed of in such U.S. Asset Sales to exceed $5,000,000), prepay an aggregate principal amount of the Revolving Credit Loans in an amount equal to 50% of the amount of such Net Cash Proceeds.
Mandatory Prepayment of Revolving Credit Loans. Section 3.2 of the Credit Agreement is hereby amended by deleting the text thereof in its entirety and substituting the following therefor: If at any time the sum of the Outstanding amount of the Revolving Credit Loans, plus the Maximum Drawing Amount, plus all Unpaid Reimbursement Obligations exceeds the Total Revolving Credit Commitment, then the Borrowers shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application to the Revolving Credit Loans. Each prepayment of Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. Each prepayment pursuant to this Section 3.2 shall be made in accordance with the provisions of Section 6.9. In addition to the mandatory prepayment required by the preceding sentences, the Borrowers shall also prepay the Revolving Credit Loans as required pursuant to Section 4.4.2.
Mandatory Prepayment of Revolving Credit Loans. On each date on which the Revolving Credit Commitments are reduced pursuant to Section 2.08 or Section 2.09, the Borrower shall repay or prepay such principal amount of the outstanding Revolving Credit Loans, if any (together with interest accrued thereon and any amounts due under Section 8.05(a)), as may be necessary so that after such payment the aggregate unpaid principal amount of the Revolving Credit Loans does not exceed the aggregate amount of the Revolving Credit Commitments as then reduced. Each such payment or prepayment shall be applied to repay or prepay ratably the Revolving Credit Loans of the several Banks; provided that such prepayment shall be applied, first, to Revolving Credit Loans outstanding on the date of such prepayment (in direct order of maturity) and then, to the extent necessary, to Money Market Loans outstanding on the date of such prepayment (in direct order of maturity).
Mandatory Prepayment of Revolving Credit Loans
