Common use of Mandatory Prepayment on Revolving Loans Clause in Contracts

Mandatory Prepayment on Revolving Loans. If at any time the sum of the aggregate amount of Revolving Loans plus LOC Obligations then outstanding shall exceed the Aggregate Revolving Committed Amount, as reduced from time to time, the Borrower shall immediately make payment on the Revolving Loans and then, if necessary, to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the deficiency. Any such payments shall be applied first to Prime Rate Loans and then to Eurodollar Loans in direct order of their Interest Period maturities.

Mandatory Prepayment on Revolving Loans. If at any time the sum of the aggregate amount of Revolving Loans plus Swingline Loans plus LOC Obligations then outstanding shall exceed the Aggregate Revolving Committed Amount, as reduced from time to time, the Borrower shall immediately make payment on the Swingline Loans and then the Revolving Loans and then, if necessary, then to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the deficiency. Any such payments shall be applied first to Prime Base Rate Loans and then to Eurodollar Loans in direct order of their Interest Period maturities.

Mandatory Prepayment on Revolving Loans. If at any time the sum of the aggregate amount of Revolving Loans plus LOC Obligations then outstanding shall exceed the Aggregate Revolving Committed Amount, as reduced from time to time, the Borrower shall immediately make payment on the Swingline Loans and then the Revolving Loans and then, if necessary, then to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the deficiency. Any such payments shall be applied first to Prime Base Rate Loans and then to Eurodollar Loans in direct order of their Interest Period maturities.

Mandatory Prepayment on Revolving Loans. If at any time the sum outstanding principal balance of the aggregate amount of Revolving Loans plus the aggregate principal amount of outstanding LOC Obligations then plus the aggregate principal amount of outstanding Swingline Loans shall exceed the Aggregate Revolving Committed Amount, as reduced from time to timetime hereunder, the Borrower shall immediately make payment on the Revolving Loans and then, if necessary, to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the deficiency. Any such payments mandatory prepayments shall be applied first to Prime Base Rate Loans and then to Eurodollar Eurocurrency Loans in direct order of their Interest Period maturities.

Mandatory Prepayment on Revolving Loans. If at any time the sum of the aggregate amount of Revolving Loans plus LOC Obligations plus Swing Line Loans then outstanding shall exceed the Aggregate Revolving Committed Amount, as reduced from time to time, the Borrower shall immediately make payment on the Revolving Loans and then, if necessary, to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the deficiency. Any such payments shall be applied first to Prime Rate Loans and then to Eurodollar Loans in direct order of their Interest Period maturities.