Common use of Mandatory Repayments and Commitment Reductions Clause in Contracts

Mandatory Repayments and Commitment Reductions. (a) If on any date the sum of (i) the aggregate outstanding principal amount of Revolving Loans and Swingline Loans (after giving effect to all other repayments thereof on such date) and (ii) the Letter of Credit Outstandings on such date exceeds the Total Revolving Loan Commitment as then in effect, the Borrower shall repay on such date the principal of Swingline Loans, and if no Swingline Loans are or remain outstanding, Revolving Loans in an aggregate amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of Letter of Credit Outstandings exceeds the Total Revolving Loan Commitment as then in effect, the Borrower shall pay to the Administrative Agent on such date an amount in cash and/or Cash Equivalents equal to such excess (up to the aggregate amount of Letter of Credit Outstandings at such time) and the Administrative Agent shall hold such payment as security for the obligations of the Borrower hereunder pursuant to a cash collateral agreement to be entered into in form and substance satisfactory to the Administrative Agent.

Mandatory Repayments and Commitment Reductions. (aa)(i) If On any day on any date which the sum of (i) the aggregate outstanding principal amount of the Revolving Loans and made by Non-Defaulting Banks, Swingline Loans (after giving effect to all other repayments thereof on such date) and (ii) the Letter of Credit Outstandings on such date exceeds the Adjusted Total Revolving Loan Commitment as then in effect, the Borrower shall repay on such date the prepay principal of Swingline LoansLoans and, and if no after the Swingline Loans are or remain outstandinghave been repaid in full, Revolving Loans of Non-Defaulting Banks in an aggregate amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving LoansLoans of Non-Defaulting Banks, the aggregate amount of the Letter of Credit Outstandings exceeds the Adjusted Total Revolving Loan Commitment as then in effect, the Borrower shall pay to the Administrative Agent at the Payment Office on such date an amount in of cash and/or or Cash Equivalents equal to the amount of such excess (up to a maximum amount equal to the aggregate amount of Letter of Credit Outstandings at such time) and the Administrative Agent shall hold ), such payment cash or Cash Equivalents to be held as security for the all obligations of the Borrower to Non-Defaulting Banks hereunder pursuant to in a cash collateral agreement account to be entered into in form and substance satisfactory to established by the Administrative Agent.

Mandatory Repayments and Commitment Reductions. (a) If On any day on any date which the sum of (i) the aggregate outstanding principal amount of the Revolving Loans and Swingline Loans (after giving effect to all other repayments thereof on such date) and (ii) the Letter of Credit Outstandings on such date exceeds the Total Revolving Loan Commitment as then in effect, the Borrower shall repay prepay on such date the day principal of Swingline LoansLoans in an amount up to the amount of such excess and, and if no after all Swingline Loans are or remain outstandinghave been repaid in full, Revolving Loans in an aggregate amount equal to such excessexcess minus the principal amount of Swingline Loans so prepaid. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of the Letter of Credit Outstandings exceeds the Total Revolving Loan Commitment as then in effect, the Borrower shall pay to the Administrative Agent at the Payment Office on such date day an amount in of cash and/or or Cash Equivalents equal to the amount of such excess (up to a maximum amount equal to the aggregate amount of Letter of Credit Outstandings at such time) and the Administrative Agent shall hold ), such payment cash or Cash Equivalents to be held as security for the all obligations of the Borrower to the Issuing Banks and the Lenders hereunder pursuant to in a cash collateral agreement account to be entered into in form and substance satisfactory to established by the Administrative Agent.

Mandatory Repayments and Commitment Reductions. (a) If on any date the sum of (i) the aggregate outstanding principal amount of Revolving Loans and Swingline Swing line Loans (after giving effect to all other repayments thereof on such date) and (ii) the Letter of Credit Outstandings on such date exceeds the Total Revolving Loan Commitment as then in effect, the Borrower shall repay on such date the principal of Swingline Loans, and if no Swingline Loans are or remain outstanding, Revolving Loans in an aggregate amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of Letter of Credit Outstandings exceeds the Total Revolving Loan Commitment as then in effect, the Borrower shall pay to the Administrative Agent on such date an amount in cash and/or Cash Equivalents equal to such excess (up to the aggregate amount of Letter of Credit Outstandings at such time) and the Administrative Agent shall hold such payment as security for the obligations of the Borrower hereunder pursuant to a cash collateral agreement to be entered into in form and substance satisfactory to the Administrative Agent.