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 exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bridgestreet Accommodations Inc)

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Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Freedom Securiteis Corp /De/)

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Revolving Credit Loans. Each prepayment of Revolving Credit Loans shall be allocable among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank's Note, with adjustment to the extent practicable to equalize any prior payments or prepayments not exactly in proportion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Freedom Securities Corp /De/)

Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount aggregate Outstanding principal balance of the Revolving Credit Loans exceeds the Total CommitmentAvailability, 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 Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Dollar Tree Stores Inc)

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Mandatory Repayments of Revolving Credit Loans. If at any time the sum of and for any reason the outstanding aggregate amount of the Revolving Credit Loans exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks in accordance with their respective Commitment Percentages for application to the Revolving Credit Loanssuch excess.

Appears in 1 contract

Samples: Credit Agreement (Raytel Medical Corp)

Mandatory Repayments of Revolving Credit Loans. If at any time the ---------------------------------------------- sum of the outstanding amount of the Revolving Credit Loans exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answer Think Consulting Group Inc)

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