Common use of MANDATORY PREPAYMENT RESULTING FROM A QUARTERLY REDUCTION Clause in Contracts

MANDATORY PREPAYMENT RESULTING FROM A QUARTERLY REDUCTION. Subject to Section 4.4 above, in the event the outstanding principal amount of all Loans under Facility A exceed, as a result of a Quarterly Reduction, the Facility A Borrowing Base Amount then in effect, the Borrower shall make (on the first Business Day of the month following the Quarterly Reduction) a mandatory prepayment to Bank of the excess amount and accrued, unpaid interest (through the date of payment) on such excess amount.

MANDATORY PREPAYMENT RESULTING FROM A QUARTERLY REDUCTION. Subject to Section 4.4 5.4 above, in the event the outstanding principal amount of all Loans under Facility A the Revolving Line of Credit exceed, as a result of a Quarterly Reduction, the Facility A Borrowing Base Amount then in effect, the Borrower shall make (on the first Business Day of the month following the Quarterly Reduction) a mandatory prepayment to Bank the Lender of the excess amount and accrued, unpaid interest (through the date of payment) on such excess amount.

MANDATORY PREPAYMENT RESULTING FROM A QUARTERLY REDUCTION. Subject to Section 4.4 5.4 above, in the event the outstanding principal amount of all Loans under Facility A exceed, as a result of a Quarterly Reduction, the Facility A Borrowing Base Amount then in effect, the Borrower shall make (on the first Business Day of the month following the Quarterly Reduction) a mandatory prepayment to Bank the Lender of the excess amount and accrued, unpaid interest (through the date of payment) on such excess amount.

MANDATORY PREPAYMENT RESULTING FROM A QUARTERLY REDUCTION. Subject to Section 4.4 5.4 above, in the event the outstanding principal amount of all Loans under Facility A exceed, as a result of a Quarterly Reduction, the Facility A Borrowing Base Amount then in effect, the Borrower shall make (on the first Business Day of the month following the Quarterly Reduction) a mandatory prepayment to Bank the Agent of the excess amount and accrued, unpaid interest (through the date of payment) on such excess amount.

MANDATORY PREPAYMENT RESULTING FROM A QUARTERLY REDUCTION. Subject to Section 4.4 5.4 above, in the event the outstanding principal amount of all Loans under Facility A the Revolving Line of Credit exceed, as a result of a Quarterly Reduction, the Facility A Borrowing Base Amount then in effect, the Borrower shall make (on the first Business Day of the month following the Quarterly Reduction) a mandatory prepayment to Bank the Administrative Agent of the excess amount and accrued, unpaid interest (through the date of payment) on such excess amount.