Common use of Mandatory Prepayments of Excess Borrowings Clause in Contracts

Mandatory Prepayments of Excess Borrowings. If the outstanding principal amount of all Revolving Credit Loans shall ever exceed the aggregate amount of all Revolving Credit Commitments in effect from time to time for any reason, the Company shall immediately prepay Revolving Credit Loans in such amount as shall be necessary to eliminate such excess.

Appears in 2 contracts

Samples: Credit Agreement (Empire District Electric Co), Credit Agreement (Empire District Electric Co)

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Mandatory Prepayments of Excess Borrowings. If the outstanding principal amount of all Revolving Credit Loans shall ever exceed the aggregate amount of all Revolving Credit Commitments in effect from time to time or the outstanding principal amount of all Letter of Credit Loans shall ever exceed the maximum principal amount of all Letter of Credit Commitments in effect from time to time for any reason, the Company shall immediately prepay Revolving Credit Loans and/or Letter of Credit Loans, as the case may be, in such amount as shall be necessary to eliminate such excess.

Appears in 2 contracts

Samples: Credit Agreement (Empire District Electric Co), Credit Agreement (Empire District Electric Co)

Mandatory Prepayments of Excess Borrowings. If the outstanding principal amount of all Revolving Credit Loans shall ever exceed the aggregate amount of all Revolving Credit Commitments in effect from time to time for any reason, the Company shall immediately prepay the Revolving Credit Loans in such amount as shall be necessary to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

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Mandatory Prepayments of Excess Borrowings. If the aggregate outstanding principal amount of all Revolving Credit Loans Obligations shall ever exceed the aggregate amount of all Revolving Credit Commitments in effect from time to time for any reasontime, the Company Borrowers shall immediately prepay Revolving Credit Loans, Swingline Loans and Reimbursement Obligations in such amount as shall be necessary to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Seminis Inc)

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