Common use of Mandatory Repayments of Revolving Credit Loans Clause in Contracts

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the Total Commitment and (ii) the Borrowing Base, for more than five (5) consecutive Business Days, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans; and third, to provide to the Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable shall be applied to the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banks.

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Overdraft Facility, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (ia) the Total Commitment and (iib) the Borrowing Base, for more than five (5) consecutive Business Days, then the Borrower Borrowers shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to reduce the debit balance in the Overdraft Facility; third, to the Revolving Credit Loans; and thirdfourth, to provide to the Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(bss.4.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the each Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable shall be applied to the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banks.

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the Total Revolving Credit Commitment and (ii) the Borrowing Base, for more than five (5) consecutive Business Days, then the Borrower shall immediately pay the amount of such excess to the Administrative Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans (first to Prime Rate Loans, then to Eurodollar Rate Loans in direct order of Interest Period maturities); and third, to provide to the Administrative Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(bSection 5.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the each Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable the Borrower shall be applied to make the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banksmandatory repayments contemplated in Section 4.5.

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the Total Revolving Credit Commitment and (ii) the Borrowing Base, for more than five (5) consecutive Business Daysat such time, then the Borrower Borrowers shall immediately pay the amount of such excess to the Administrative Agent for the respective accounts of the Banks Lenders for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans made pursuant to Section 2.6.2; third, to the other Revolving Credit Loans; and thirdfourth, to provide to the Administrative Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(bpursuant to Section 6.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the BanksLenders, in proportion, as nearly as practicable, to the each Unpaid Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each BankLender's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable the Borrowers shall be applied to repay the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banksin accordance with Section 5.3.4.

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the Total Commitment and (ii) the Borrowing Base, for more than five (5) consecutive Business DaysCommitment, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans, to be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans; and third, to provide to the Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(bSection 5.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the each Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable shall be applied to the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banks.

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (ia) the Total Commitment and (b)(i) the Borrowing Base plus (ii) the Borrowing Base, for more than five (5) consecutive Business DaysApplicable Overadvance Amount, then the Borrower Borrowers shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans; and third, to provide to the Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the each Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable shall be applied to the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banks.

Mandatory Repayments of Revolving Credit Loans. If at any time the ---------------------------------------------- sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the Total Commitment and (ii) the Borrowing Base, for more than five (5) consecutive Business Days, then the Borrower shall immediately pay the amount of such excess to the Loan and Collateral Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans; and third, to provide to the Letter of Credit Agent cash collateral for Reimbursement Obligations as contemplated by ss.5.2(b(S)4.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the each Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable shall be applied to the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banks.

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding principal amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations and the outstanding amount of Swing Line Loans exceeds the lesser of (ia) the Total Commitment at such time and (iib) the Borrowing Base, for more than five (5) consecutive Business DaysBase at such time, then the Borrower shall immediately pay the amount of such excess to the Administrative Agent for the respective accounts of the Banks Lenders for application: first, to any Unpaid Reimbursement Obligations; second, to the Swing Line Loans; third, to the Revolving Credit Loans; and thirdfourth, to provide to the Administrative Agent cash collateral Cash Collateral for Reimbursement Obligations as contemplated by ss.5.2(b§4.2(b) and (c). Each payment of any Unpaid Reimbursement Obligations or prepayment of the Revolving Credit Loans shall be allocated among the BanksLenders, in proportion, as nearly as practicable, to the each Reimbursement Obligation owing to each such Bank or (as the case may be) the respective unpaid principal amount of each Bank's Lender’s Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, collections of Accounts Receivable shall be applied to the Revolving Credit Loans pursuant to cash management arrangements satisfactory to the Agent and the Banks.