Common use of Mandatory Prepayments of Tranche A Loans Clause in Contracts

Mandatory Prepayments of Tranche A Loans. If the Tranche A Facility Usage exceeds the Tranche A Maximum Credit Amount, US Borrower shall immediately prepay the principal of the Tranche A Loans in an amount at least equal to such excess.

Appears in 3 contracts

Samples: Credit Agreement (Devon Energy Corp /Ok/), Credit Agreement (Devon Energy Corp), Credit Agreement (Devon Energy Corp/De)

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Mandatory Prepayments of Tranche A Loans. If the aggregate amount of the Tranche A Facility Usage exceeds and the Swing Loans outstanding exceed the Tranche A Maximum Credit Amount, US Borrower shall immediately prepay the principal of the Tranche A Loans and/or the US Swing Loans in an amount at least equal to such excess.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

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