Mandatory Prepayments Relating to Reductions or Termination of the Aggregate Commitments. Concurrently with each reduction or termination of the Aggregate Commitments under Section 2.5, the Borrower shall prepay the Revolving Credit Loans by the amount, if any, by which the aggregate unpaid principal balance of all Lenders' Revolving Credit Loans and Competitive Bid Loans exceeds the amount of the Aggregate Commitments after giving effect to such reduction or termination, as the case may be.
Appears in 5 contracts
Samples: 364 Day Credit Agreement (Cleco Corp), 364 Day Credit Agreement (Cleco Corp), Day Credit Agreement (Cleco Utility Group Inc)
Mandatory Prepayments Relating to Reductions or Termination of the Aggregate Commitments. Concurrently with each reduction or termination of the Aggregate Commitments under Section 2.5, the Borrower shall prepay the Revolving Credit Loans by the amount, if any, by which the aggregate unpaid principal balance of all Lenders' Revolving Credit Loans and Competitive Bid Loans exceeds the amount of the Aggregate Commitments after giving effect to such reduction or termination, as the case may be.. (c)
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Mandatory Prepayments Relating to Reductions or Termination of the Aggregate Commitments. Concurrently with each reduction or termination of the Aggregate Commitments under Section 2.5, the Borrower shall prepay the Revolving Credit Loans by the amount, if any, by which the aggregate unpaid principal balance Credit Exposure of all Lenders' Revolving Credit Loans and Competitive Bid Loans Lenders exceeds the amount of the Aggregate Commitments after giving effect to such reduction or termination, as the case may be, such prepayment to be applied first to the outstanding Revolving Credit Loans and second to outstanding Competitive Bid Loans.
Appears in 1 contract
Samples: Credit Agreement (Cleco Power LLC)
