Common use of Mandatory Repayment of Excess Loans Clause in Contracts

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 sum of (i) the outstanding aggregate principal amount of all outstanding Revolving Revolver 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 Facility 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 Revolver Loans which are Base Rate Loans; (iii) thirdly, to Revolver Dollar Loans which are LIBOR Loans; and finally (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 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; (iv) fourthly, to Revolving Loans made in Dollars which are LIBOR Loans, and (ivv) 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 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; (iv) fourthly, to Revolving Loans made in Dollars which are LIBOR Loans, and (ivv) 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.