Common use of Mandatory Repayment of Loans Clause in Contracts

Mandatory Repayment of Loans. (a) In the event the aggregate amount of the Revolving Facility Credit Exposure exceeds the Line Cap at such time, then the Borrower shall promptly repay outstanding Revolving Loans and Swingline Loans, and, if there remains an excess after paying all Revolving Loans and Swingline Loans, cash collateralize Letters of Credit (in accordance with Section 2.05(j)) in an aggregate amount equal to such excess. (b) In the event and on such occasion as either (i) the Revolving L/C Exposure exceeds the Letter of Credit Sublimit or (ii) the aggregate Revolving L/C Exposure attributable to Letters of Credit issued by any Issuing Bank exceeds the Letter of Credit Commitment of such Issuing Bank, the Borrower shall deposit cash collateral (in accordance with Section 2.05(j)) in an amount equal to such excess. (c) Upon the occurrence and during the continuance of a Cash Dominion Event, all amounts in the Dominion Account shall be applied by the Administrative Agent to repay outstanding Revolving Loans and Swingline Loans and, thereafter, if an Event of Default shall have occurred and be continuing, to cash collateralize (in accordance with Section 2.05(j)) the Revolving L/C Exposure. (d) Any repayments made pursuant to this Section 2.11 shall be without premium or penalty, other than amounts due under Section 2.16, if any.

Mandatory Repayment of Loans. (a1) In the event the aggregate amount of the Revolving Facility Credit Exposure exceeds the Line Cap at such time, then the Borrower shall promptly will on such Business Day repay outstanding Revolving Loans and Swingline Loans, and, if there remains an excess after paying all Revolving Loans and Swingline Loans, cash collateralize Letters of Credit (in accordance with Section 2.05(j2.05(11)) in an aggregate amount equal to such excess. (b2) [Reserved.] (3) In the event and on such occasion as either (i) the Revolving L/C Exposure exceeds the Letter of Credit Sublimit or (ii) the aggregate Revolving L/C Exposure attributable to Letters of Credit issued by any Issuing Bank exceeds the Letter of Credit Commitment of such Issuing BankSublimit, the Borrower shall will deposit cash collateral (in accordance with Section 2.05(j2.05(11)) in an amount equal to such excess. (c4) Upon the occurrence and during the continuance of a Cash Dominion EventPeriod, all amounts in the Dominion Account shall be applied by the Administrative Agent pursuant to repay outstanding Revolving Loans and Swingline Loans and, thereafter, if an Event clause (b) of Default shall have occurred and be continuing, the proviso to cash collateralize (in accordance with Section 2.05(j)) the Revolving L/C Exposure5.11. (d5) Upon the occurrence and during the continuance of a Cash Dominion Period, the Borrower will prepay Revolving Loans (with no reduction in commitments) or cash collateralize Letters of Credit with 100% of all net cash proceeds from sales of Collateral included in the Borrowing Base. Any repayments made amounts prepaid pursuant to this clause (5) will be applied pursuant to the waterfall set forth in Section 2.11 shall 2.18(3), provided that amounts applied pursuant to subclauses (iv) and (v) thereof will be without premium or penaltyapplied: (a) first, other than amounts due under Section 2.16to ABR Loans; (b) second, if anyto Eurocurrency Revolving Loans; and (c) third, to the cash collateralization of Letters of Credit at 103% of the face amount of such Letters of Credit.

Mandatory Repayment of Loans. (a) In the event the (i) aggregate amount of the Revolving Facility Credit Exposure exceeds the Revolving Line Cap at such time, then the Borrower shall promptly repay outstanding Revolving Loans and Swingline Loans, and, if there remains an excess after paying all Revolving Loans and Swingline Loans, cash collateralize Letters of Credit (in accordance with Section 2.05(j)) in an aggregate amount equal to such excess or (ii) aggregate amount of the outstanding FILO Loans exceeds the FILO Borrowing Base at such time, then the Borrower shall promptly repay outstanding FILO Loans in an aggregate amount equal to such excess. (b) In the event and on such occasion as either (i) the Revolving L/C Exposure exceeds the Letter of Credit Sublimit or (ii) the aggregate Revolving L/C Exposure attributable to Letters of Credit issued by any Issuing Bank exceeds the Letter of Credit Commitment of such Issuing Bank, the Borrower shall deposit cash collateral (in accordance with Section 2.05(j)) in an amount equal to such excess. (c) Upon the occurrence and during the continuance of a Cash Dominion Event, all amounts in the Dominion Account shall be applied by the Administrative Agent to repay (i) outstanding Revolving Loans and Swingline Loans and, thereafter, if an Event of Default shall have occurred and be continuing, to cash collateralize (in accordance with Section 2.05(j)) the Revolving L/C ExposureExposure and (ii) after application of amounts in the Dominion Account as required by clause (i), outstanding FILO Loans. (d) Any repayments made pursuant to this Section 2.11 shall be without premium or penalty, other than amounts due under Section 2.16, if any.