Mandatory Prepayments of Revolving Loan. The Borrower shall make the mandatory prepayments (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") of the Revolving Loan at any time and from time to time in such amounts requested by the Lender pursuant to Section 2.1.3 (Borrowing Base) in order to cover any Borrowing Base Deficiency.
Mandatory Prepayments of Revolving Loan. Subject to the provisions of Section 2.6.4(Indemnity) and in addition to any mandatory prepayment required by the provisions of Section 2.2.3 (Term Loan Mandatory Prepayments), upon the request of the Agent pursuant to Section 2.1.3 (Borrowing Base), the Borrower shall make mandatory prepayments (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") of the Revolving Loan at any time and from time to time in order to cover any Borrowing Base Deficiency.
Mandatory Prepayments of Revolving Loan. The Borrower shall make the mandatory prepayments (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") of the Revolving Loan as follows:
(a) the Borrower shall make Revolving Loan Mandatory Prepayments at any time and from time to time in such amounts requested by the Lender pursuant to Section 2.1.3 (Borrowing Base) of this Agreement in order to cover any Borrowing Base Deficiency and in order to cover any deficiency under Section 2.1.12 (Required Availability under the Revolving Credit Facility), and (b) during the Special Availability Amortization Period, the Borrower shall make weekly Revolving Loan Mandatory Prepayments (each a "Special Availability Loan Mandatory Prepayment"), at such times and in such manner as the Lender, in its sole discretion, shall determine, each of which Special Availability Loan Mandatory Prepayments shall be applied to the payment of Special Availability Loans and each of which Special Availability Loan Mandatory Prepayments shall be in an amount equal to the greater of (i) ten percent (10%) of the amount of the Borrower's Eligible Receivables as at the end of any week that have arisen during the Special Availability Amortization Period, and (ii) Two Hundred Seventy Thousand Dollars ($270,000).
2.5 Amendment to Section 2.4. Section 2.4 is amended by adding the following Section 2.4.10 at the end thereof:
Mandatory Prepayments of Revolving Loan. The Borrower shall make the mandatory prepayments (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") of the Revolving Loan at any time and from time to time in such amounts requested by the Lender pursuant to Section 2.1.7 (Borrowing Base) of this Agreement in order to cover any Borrowing Base Deficiency.
Mandatory Prepayments of Revolving Loan. The Borrower shall make the mandatory prepayments (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") of the Revolving Loan in the following amounts and at the following times:
(a) The Borrower shall make a Revolving Loan Mandatory Prepayment at any time and from time to time in such amounts requested by the Lender pursuant to Section 2.1.3 (Borrowing Base) of this Agreement in order to cover any Borrowing Base Deficiency; and
(b) The Borrower shall make a Revolving Loan Mandatory Prepayment at any time that the balance in the Lockbox account exceeds $1,000,000 in an amount equal to the lesser of (i) the balance in the Lockbox account in excess of $1,000,000 or (ii) the outstanding principal balance under the Revolving Loan.
Mandatory Prepayments of Revolving Loan. Subject to the limitations and fees of Section 2.4.4 (Indemnity), the Revolving Credit Borrowers shall make the mandatory prepayments (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") of the Revolving Loan at the following times:
(a) The Revolving Credit Borrowers shall make a Revolving Loan Mandatory Prepayment at any time and from time to time in such amounts requested by the Agent pursuant to Section 2.1.3 (Borrowing Base) of this Agreement in order to cover any Borrowing Base Deficiency;
(b) The Revolving Credit Borrowers shall make a Revolving Loan Mandatory Prepayment on such dates and in such amounts to achieve compliance with the provisions of Section 2.1.11 (Required Availability under the Revolving Credit Facility); and
(c) The Revolving Credit Borrowers shall make a Revolving Loan Mandatory Prepayment immediately upon the payment of all or any portion of the Tax Refunds in an amount equal to one hundred percent (100%) of the amount of Tax Refunds paid to or for the account of any or all of the Revolving Credit Borrowers, including, any credit or other offset given to any or all of the Revolving Credit Borrowers on account of any obligations of any or all of the Revolving Credit Borrowers. The Borrowing Base shall be contemporaneously reduced by the amount of all Tax Refunds paid or otherwise credited to or for the benefit of any or all of the Revolving Credit Borrowers. The Revolving Credit Borrowers shall not be obligated to make a Revolving Loan Mandatory Prepayment to the extent of any Tax Refunds paid directly to the Agent for application to the Obligations.
Mandatory Prepayments of Revolving Loan. (i) If at any Determination Date, the aggregate principal amount of the Obligations that are Revolving Loans and Swing Loans, plus the Letter of Credit Obligations (collectively, the “Principal Obligations”) shall exceed the lesser of (x) the Aggregate Revolving Loan Commitment Amount and (y) the Borrowing Base Amount, Borrowers shall within thirty (30) days after such determination, make a prepayment on the Revolving Loan in an amount equal to such excess, or provide additional Borrowing Base Collateral with a Borrowing Base Amount equal to or greater than such excess.
(ii) If at any Determination Date, the Debt Yield is less than ten percent (10%), Borrowers shall, within thirty (30) days following the Determination Date, reduce the Principal Obligations by an amount necessary to achieve a Debt Yield of not less than 10.0% .
Mandatory Prepayments of Revolving Loan. Subject to the provisions of Section (D)
Mandatory Prepayments of Revolving Loan to the extent necessary to achieve and maintain compliance with this Section. The failure of the Borrower to make any such Revolving Loan Mandatory Prepayment shall constitute a Default, but shall not constitute an Event of Default unless such failure to make the required Revolving Loan Mandatory Prepayment continues uncured for a period of fourteen (14) days or the Borrower otherwise fails to attain and maintain the Required Availability within such fourteen (14) day period. SECTION 2.
Mandatory Prepayments of Revolving Loan. Subject to the provisions of Section 2.1.11 (Early Termination Fee) and Section 2.3.4 (Indemnity), the Borrower shall make the mandatory prepayments of the Revolving Loan (each a "Revolving Loan Mandatory Prepayment" and collectively, the "Revolving Loan Mandatory Prepayments") in the following amounts and at the following times:
(a) The Borrower shall make a Revolving Loan Mandatory Prepayment at any time and from time to time in such amounts requested by the Agent pursuant to Section 2.1.3 (Borrowing Base) in order to cover any Borrowing Base Deficiency; and
(b) The Borrower shall make a Revolving Loan Mandatory Prepayment on such dates and in such amounts to achieve compliance with the provisions of Section 2.1.12 (Required Availability).
