Mandatory Repayments of Loan. If at any time the sum of the Outstanding Principal Amount exceeds the Maximum Principal Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans.
Mandatory Repayments of Loan. (a) If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans.
(b) [Intentionally Omitted.]
(c) The proceeds distributed to or received by or on behalf of the Borrower or any Related Company or, in the case of any Unconsolidated Entity, the proceeds actually distributed to or received by or on behalf of the Borrower or any Related Company by such Unconsolidated Entity, (i) from each and every sale or refinancing of or other capital event with respect to any asset [(other than office equipment and furnishings in the ordinary course of business)] of the Borrower, any Related Company or any Unconsolidated Entity (including a casualty or condemnation, return of capital or repayment of debt held by the Borrower or any Related Company with respect to such assets or any of such Person’s direct or indirect interest therein), less all reasonable and customary closing costs, expenses and commissions paid to unrelated parties and less any Indebtedness secured by such asset to be satisfied as a part of such sale or refinance and (ii) from each and every sale, financing, or refinancing of, or transaction which results in the dilution of, the Borrower’s, direct or indirect ownership interest in any of the Related Companies or any Unconsolidated Entity, shall be promptly paid to the Agent for the account of the Lenders after receipt thereof by the Borrower such Related Company or such Unconsolidated Entity as a prepayment of the Loans to the extent of the outstanding balance of the Loans; provided that until such time as no principal indebtedness is outstanding under the Secured Revolving Credit Agreement, only fifty percent (50%) of such proceeds shall be paid to Agent as provided above (and upon payment in full of the principal indebtedness outstanding under the Secured Revolving Credit Agreement, all such proceeds shall be paid to Agent for the account of the
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans, provided, however, that if as of the end of any fiscal quarter of the Borrower the sum of the Outstanding Obligations exceeds the Maximum Credit Amount by less than $100,000 solely as a result of principal amortization within such fiscal quarter with respect to a Structured Finance Collateral Asset (as certified to by a Responsible Officer of the Company (on behalf of the Borrower) and as demonstrated on the compliance statement required pursuant to §6.4 for such fiscal quarter), no repayment shall be required under this §3.2.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans; provided that if after repayment of the Revolving Loans and the Swingline Loans, the Outstanding Obligations still exceed the Maximum Credit Amount, then the Borrower shall Cash Collateralize the Letter of Credit Obligations in an amount equal to the remaining excess. If no Event of Default is then existing, the Borrower may designate which Loans are to be repaid therewith. The Borrower shall repay Swingline Loans (a) within seven (7) Business Days after the Borrowing Date thereof and (b) so that Swingline Loans shall not be outstanding for more than a total of fourteen (14) days during any month. The Borrower shall repay Competitive Bid Loans on or before the date required under §2.10(l).
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then Borrower shall immediately pay the amount of such excess to Agent for the respective accounts of the Lenders for application to the Loans and, together therewith, any applicable Exit Fee, which shall be calculated by Agent promptly and which calculation shall, absent manifest error, be conclusive.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shalL immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans. If no Event of Default is then existing, the Borrower may designate which Loans are to be repaid therewith. The Borrower shall repay Swingline Loans on or before the date required under Section 2.8. The Borrower shall repay Competitive Bid Loans on or before the date required under Section 2.10 (l).
Mandatory Repayments of Loan. If at any time the sum of the outstanding amount of the Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the Total Commitment at such time, then the Borrower shall immediately pay the amount of such excess to the Lender for application: first, to any Unpaid Reimbursement Obligations; second, to the Loans; and third, to provide to the Lender cash collateral for Reimbursement Obligations as contemplated by §4.2(b) and (c).
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower (or one of the Co-Borrowers) shall immediately pay the amount of such excess to the Agent (or, if GBP Loans or Euro Loans are being repaid, Loans having a Dollar Equivalent Amount at least equal to such excess) for the respective accounts of the Lenders for application to the Loans. If no Event of Default is then existing, the Borrower may designate which Loans are to be repaid therewith. If at any time Dollar Loans are outstanding hereunder and the Borrower has the ability to obtain additional loans under the Revolving Facility, the Borrower shall, within three (3) Business Days, repay Dollar Loans hereunder in a principal amount up to the maximum principal amount of Loans then available under the Revolving Facility Credit Agreement. All mandatory repayments under this ss.3.2 shall be accompanied by the applicable LIBOR Prepayment Fee computed pursuant to ss.3.3.
Mandatory Repayments of Loan. If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, as applicable, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans to restore compliance within the times as provided for in §2.1. If after repayment of the Revolving Loans, the Outstanding Obligations still exceed the Maximum Credit Amount, then the Borrower shall Cash Collateralize the Letter of Credit Obligations in an amount equal to the remaining excess. If no Event of Default then exists, the Borrower may designate which Loans are to be repaid therewith.
Mandatory Repayments of Loan. (a) If at any time the sum of the Outstanding Obligations exceeds the Maximum Credit Amount, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders for application to the Loans.
(b) The Borrower shall make principal payments to the Agent for the respective accounts of the Lenders for application to the Loans in the aggregate principal amount of (x) at least $2,500,000.00 between the period March 15, 2005 and July 1, 2005, and (y) at least $10,000,000.00 between the period March 15, 2005 and September 1, 2005 (including the amounts paid pursuant to clause (x) above)."
(c) By deleting §§9.3, 9.4 and 9.5 of the Loan Agreement in their entirety and inserting in lieu thereof the following new §§9.3, 9.4 and 9.5:
