Common use of Mandatory Prepayments of Excess Borrowings Clause in Contracts

Mandatory Prepayments of Excess Borrowings. If at any time the Total Outstandings hereunder shall exceed the lesser of the DIP Commitments and the Borrowing Base as most recently computed, the Borrower shall immediately prepay Loans and Reimbursement Obligations outstanding for the Borrower's account and, if necessary, pledge cash collateral to the DIP Agent to secure outstanding L/Cs issued for the Borrower's account, in an amount equal to such excess.

Mandatory Prepayments of Excess Borrowings. If at any time the Total Outstandings hereunder shall exceed the lesser of the DIP Commitments and the Borrowing Base as most recently computedRevolving Credit Commitments, the Borrower Borrowers shall immediately prepay Loans and Reimbursement Obligations outstanding for the each Borrower's account and, if necessary, pledge cash collateral to the DIP Administrative Agent to secure outstanding L/Cs issued for the such Borrower's account, in an amount equal to such excess.

Mandatory Prepayments of Excess Borrowings. If at any time the Total Outstandings hereunder shall exceed the lesser of the DIP Commitments and the Borrowing Base as most recently computedRevolving Credit Commitments, the Borrower shall immediately prepay Loans and Reimbursement Obligations outstanding for the Borrower's account and, if necessary, pledge cash collateral to the DIP Administrative Agent to secure outstanding L/Cs issued for the Borrower's account, in an amount equal to such excess.

Mandatory Prepayments of Excess Borrowings. If at any time the Total Outstandings hereunder shall exceed the lesser of the DIP Revolving Credit Commitments and the Borrowing Base as most recently computed, the Borrower shall immediately prepay Loans and Reimbursement Obligations outstanding for the Borrower's account and, if necessary, pledge cash collateral to the DIP Administrative Agent to secure outstanding L/Cs issued for the Borrower's account, in an amount equal to such excess.