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.
Appears in 3 contracts
Samples: Credit Agreement (Cable Michigan Inc), Credit Agreement (Commonwealth Telephone Enterprises Inc /New/), Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)
Mandatory Repayment of Excess Loans. If at any time the outstanding ----------------------------------- principal amount of all Loans exceeds the CommitmentAggregate Commitment less the L/C Obligations, 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. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.
Appears in 2 contracts
Samples: Credit Agreement (American Business Information Inc /De), Credit Agreement (American Business Information Inc /De)
Mandatory Repayment of Excess Loans. If at any time the outstanding ----------------------------------- principal amount of all Loans exceeds the CommitmentAggregate Commitment less the L/C Obligations, the Borrower Borrowers 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. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.
Appears in 2 contracts
Samples: Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc)
Mandatory Repayment of Excess Loans. If at any time the outstanding ----------------------------------- principal amount of all Loans exceeds the Aggregate Commitment, the Borrower Borrowers 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 excessexcess with such repayment applied first to the principal amount of outstanding Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.9 hereof.
Appears in 1 contract
Samples: Working Capital Credit Agreement (JLG Industries Inc)
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.
Appears in 1 contract
