Common use of Mandatory Repayments of Loan Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust)

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Mandatory Repayments of Loan. If at any time the sum of the Outstanding Principal Amount Obligations exceeds the Maximum Principal 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.

Appears in 3 contracts

Samples: Revolving Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Credit Agreement (Amerivest Properties Inc)

Mandatory Repayments of Loan. If at any time the sum of the Outstanding Principal Amount Obligations exceeds the Maximum Principal 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. The Borrower shall repay Swingline Loans on or before the date required under Section 2.8.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Mandatory Repayments of Loan. If at any time the sum of the Outstanding Principal Amount outstanding amount of the Loans exceeds the Maximum Principal AmountLoan Balance, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Lenders Banks for application to the Loans.

Appears in 1 contract

Samples: Loan Agreement (Liberty Property Limited Partnership)

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Mandatory Repayments of Loan. If at any time the sum of the Outstanding Principal Amount Obligations exceeds the Maximum Principal 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. The Borrower shall repay Swingline Loans on or before the date required under ss. 2.8.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Koger Equity Inc)

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