Common use of Mandatory Prepayments of Revolving Loans Clause in Contracts

Mandatory Prepayments of Revolving Loans. (i) If at any time and for any reason (other than fluctuations in currency exchange rates) the Dollar Amount of the Revolving Credit Obligations are greater than the Aggregate Revolving Loan Commitment, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to such excess. In addition, if the Dollar Amount of the L/C Obligations (calculated as of the last Business Day of each fiscal quarter, or, at the Agent's option, as of the last Business Day of each calendar month) outstanding at any time is greater than the lesser of (A) the Aggregate Revolving Loan Commitment at such time minus the sum of the outstanding principal Dollar Amount of the Revolving Loans at such time and the outstanding principal amount of the Swing Line Loans at such time and the outstanding principal Dollar Amount of the Alternate Currency Loans at such time and (B) $15,750,000 (or the Equivalent Amount in Dollars), the Borrower shall either repay Revolving Loans or deposit cash collateral in a cash collateral account established with the Agent, in either case, in an amount in Dollars equal to such excess.

Mandatory Prepayments of Revolving Loans. (i) If at any time and for any reason (other than fluctuations in currency exchange rates) the Dollar Amount of the Revolving Credit Obligations are greater than the Aggregate Revolving Loan Commitment, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to such excess. In addition, if the Dollar Amount of the L/C Obligations (calculated as of the last Business Day of each fiscal quarter, or, at the Agent's ’s option, as of the last Business Day of each calendar month) outstanding at any time is greater than the lesser of (A) the Aggregate Revolving Loan Commitment at such time minus the sum of the outstanding principal Dollar Amount of the Revolving Loans at such time and the outstanding principal amount of the Swing Line Loans at such time and the outstanding principal Dollar Amount of the Alternate Currency Loans at such time and (B) $15,750,000 105% of the Maximum L/C Amount (or the Equivalent Amount in Dollars), the Borrower shall either repay Revolving Loans or deposit cash collateral in a cash collateral account established with the Agent, in either case, in an amount in Dollars equal to such excess.

Mandatory Prepayments of Revolving Loans. (ia) If In addition to repayments under Section 2.5(B)(i)(d)(II), if at any time and for any reason (other than fluctuations in currency exchange rates) the Dollar Amount of the Revolving Credit Obligations are greater than the Aggregate Revolving Loan Commitment, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to such excess. In addition, if the Dollar Amount of the L/C Obligations (calculated as of the last Business Day of each fiscal quarter, or, at the Agent's option, as of the last Business Day of each calendar month) outstanding at any time is greater than the lesser of (A) the Aggregate Revolving Loan Commitment at such time minus the sum of the outstanding principal Dollar Amount of the Revolving Loans at such time and the outstanding principal amount of the Swing Line Loans at such time and the outstanding principal Dollar Amount of the Alternate Currency Loans at such time and (B) $15,750,000 (or the Equivalent Amount in Dollars), the Borrower shall either repay Revolving Loans or deposit cash collateral in a cash collateral account established with the Agent, in either case, in an amount in Dollars equal to such excess.

Mandatory Prepayments of Revolving Loans. (i) If at any time and for any reason (other than fluctuations in currency exchange rates) the Dollar Amount of the Revolving Credit Obligations are greater than the Aggregate Revolving Loan Commitment, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to such excess. In addition, if the Dollar Amount of the L/C Obligations (calculated as of the last Business Day of each fiscal quarter, or, at the Agent's option, as of the last Business Day of each calendar month) outstanding at any time is greater than the lesser of (A) the Aggregate Revolving Loan Commitment at such time minus the sum of the outstanding principal Dollar Amount of the Revolving Loans at such time and the outstanding principal amount of the Swing Line Loans at such time and the outstanding principal Dollar Amount of the Alternate Currency Loans at such time and (B) $15,750,000 105% of the Maximum L/C Amount (or the Equivalent Amount in Dollars), the Borrower shall either repay Revolving Loans or deposit cash collateral in a cash collateral account established with the Agent, in either case, in an amount in Dollars equal to such excess.