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

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

Appears in 3 contracts

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

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

Appears in 1 contract

Sources: Us Credit Agreement (Devon Energy Corp/De)