Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans exceeds the Aggregate Commitment, the Borrower shall repay within ten (10) Business Days after notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Lenders, the Loans in an amount equal to such excess. Each such repayment shall be accompanied by accrued interest on the amount repaid and any amount required to be paid pursuant to Section 3.9 hereof.
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Revolving Credit Loans exceeds the Aggregate Revolving Credit Commitment, the Borrower shall repay immediately upon notice from the Agent, by payment to the Agent for the account of the Lenders, the Revolving Credit Loans in an amount equal to such excess. Each such repayment shall be accompanied by accrued interest on the amount repaid and any amount required to be paid pursuant to Section 4.9.
Mandatory Repayment of Excess Loans. If at any time the outstanding ----------------------------------- principal amount of all Loans exceeds the Commitment, the Borrower shall repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Lenders, the Loans in an amount equal to such excess.
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans exceeds the Commitment, the Borrower shall repay immediately upon notice from the Bank, Loans in an amount equal to such excess. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.05 hereof.
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Revolving Credit Loans plus the sum of all outstanding Swingline Loans and L/C Obligations exceeds the Aggregate Commitment, the Borrower shall, immediately upon notice from the Administrative Agent, repay to the Administrative Agent for the account of the Lenders, the amount of such excess with each such repayment applied first to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans and third, with respect to any Letters of Credit then outstanding, a payment of cash collateral into a cash collateral account opened by the Borrower with the Administrative Agent for the benefit of the Lenders in an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit (such cash collateral to be applied in accordance with Section 11.2(b)). Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Revolving Credit Loans plus the sum of all outstanding Swingline Loans plus all outstanding L/C Obligations exceeds the Aggregate Commitment, the Borrower shall repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Lenders, Revolving Credit Loans, Swingline Loans and/or cash collateralize or repay the L/C Obligations in an amount equal to such excess with each such repayment applied first to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans, and third to the principal amount of outstanding L/C Obligations. Such cash collateral shall be applied in accordance with Section 11.2(b). Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9.
Mandatory Repayment of Excess Loans. If at any time the sum of (i) the outstanding aggregate principal amount of all outstanding Revolving Loans (after giving effect to the Assigned Dollar Value of any Foreign Currency Loans) plus (ii) the sum of the principal amount of any drawings not reimbursed pursuant to Section 2.5(d) and the undrawn amount of outstanding Letters of Credit (reflecting the Assigned Dollar Value of such unreimbursed drawings made in an Alternative Currency or such undrawn amount of any Letters of Credit payable in an Alternative Currency) plus (iii) the outstanding aggregate principal amount of all Swingline Loans and plus (iv) the Assigned Dollar Value of all outstanding European Swingline Loans exceeds the Aggregate Commitment, the Borrowers shall immediately repay such excess, and such payment shall be applied in the following order: (i) first, to Swingline Loans; (ii) secondly, to European Swingline Loans, (iii) thirdly, to Revolving Loans which are Base Rate Loans; and (iv) finally, to Foreign Currency Loans (other than European Swingline Loans). Each such repayment shall be accompanied by accrued interest on the amount repaid and any amount required to be paid pursuant to Section 3.8 hereof.
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans plus the L/C Obligations exceeds the Aggregate Commitment, the Borrowers shall repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Lenders, Extensions of Credit in an amount equal to such excess with each such repayment applied first to the principal amount of outstanding Swingline Loans, second to the principal amount of outstanding Revolving Credit Loans, and third, with respect to any Letters of Credit then outstanding, a payment of cash collateral into a cash collateral account opened by the Borrowers with the Administrative Agent for the benefit of the Lenders. Such cash collateral shall be applied in accordance with Section
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Loans exceeds the lesser of the Aggregate Commitment or the Borrowing Base less the sum of all outstanding L/C Obligations (the amount of such excess being here called a “Borrowing Base Deficiency”), the Borrowers shall immediately repay to the Agent for the account of the Lenders, an amount equal to such excess, with each such repayment applied first to the principal amount of outstanding Loans, and second to provide cash collateral for the outstanding balance of the L/C Obligations; provided, however, that if such Borrowing Base Deficiency results from the imposition by the Lenders of new criteria for the determination of Eligible Accounts or Eligible Inventory or new reserves, as provided in this Agreement, the Borrowers shall have a period of fifteen (15) days from the date of such Borrowing Base Deficiency to make such payment. Such cash collateral shall be applied in accordance with Section 11.2(b). Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.
Mandatory Repayment of Excess Loans. If at any time the outstanding principal amount of all Revolving Loans exceeds the Aggregate Commitment less the L/C Obligations, the Borrower shall repay immediately upon notice from the Agent, by payment to the Agent for the account of the Lenders, the Revolving Loans in an amount equal to such excess. Each such repayment shall be accompanied by accrued interest on the amount repaid and any amount required to be paid pursuant to Section 4.8 hereof. M#368727 15
