Common use of Mandatory Repayments of the Loans Clause in Contracts

Mandatory Repayments of the Loans. Except as provided in §6.16 hereof, if at any time (a) the sum of (i) the outstanding L/C Obligations at such time, plus (ii) the outstanding principal amount of the Domestic Loans at such time, exceeds the Total Domestic Commitment then in effect, whether by reduction of the Total Domestic Commitment or otherwise, or (b) the sum of (i) the outstanding principal amount of the Canadian Loans denominated in U.S. Dollars at such time, plus (ii) the Outstanding Amount of the Canadian Loans denominated in Canadian Dollars at such time, plus (iii) the Outstanding Amount of Bankers’ Acceptances at such time, exceeds the Total Canadian Commitment then in effect, whether by reduction of the Total Canadian Commitment or otherwise, or (c) the sum of (i) the outstanding principal amount of the U.K. Loans denominated in U.S. Dollars at such time, plus (ii) the Outstanding Amount of the U.K. Loans denominated in Sterling at such time, plus (iii) the Outstanding Amount of the U.K. Loans denominated in Euros at such time, exceeds the Total U.K. Commitment then in effect, whether by reduction of the Total U.K. Commitment or otherwise, or (d) the sum of the outstanding principal amount of the PR Loans at such time exceeds the Total PR Commitment then in effect, whether by reduction of the Total PR Commitment or otherwise, then the applicable Borrower(s) shall immediately pay the amount of such excess to the Administrative Agent in the case of clauses (a) and (d) above, the Canadian Agent, in the case of clause (b) above, or the U.K. Agent, in the case of clause (c) above, (A) for application to the Loans in the following order: first, pro rata to any Unreimbursed Amounts (including any L/C Borrowings) with respect to the Letters of Credit issued for the account of such Borrower (if applicable), second, pro rata to Domestic Swing Line Loans, Canadian Swing Line Loans, and U.K. Swing Line Loans, and third, pro rata to Domestic Loans (other than Domestic Swing Line Loans), Canadian Loans (other than Canadian Swing Line Loans), U.K. Loans (other than U.K. Swing Line Loans) and PR Loans, subject to §6.10, or (B) if no Loans shall be outstanding, to be held pro rata by the Administrative Agent (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ Acceptances) for the benefit of the Issuing Bank or the Domestic Banks (as the case may be) in the case of Letters of Credit and/or the Canadian Banks in the case of Bankers’ Acceptances, as applicable, as collateral security for the amount of Bankers’ Acceptances and as Cash Collateral for the Letters of Credit; provided, however, that if the amount of Cash Collateral held by the Administrative Agent (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ Acceptances) pursuant to this §6.4 exceeds the amount of Bankers’ Acceptances and the Letters of Credit, as the case may be, from time to time, the Administrative Agent or the Canadian Agent shall return such excess to Ryder or the Canadian Borrowers, as applicable.

Mandatory Repayments of the Loans. Except as provided in §6.16 hereof, if at any time (ai) the sum of (iA) the outstanding L/C Obligations at such timewith respect to Letters of Credit issued for the account of Ryder and its domestic Subsidiaries, plus (iiB) the outstanding principal amount of the Domestic Loans at such time, exceeds the Total Domestic Commitment then in effectCommitment, whether by reduction of the Total Domestic Commitment or otherwise, or (bii) the sum of (iA) the outstanding principal amount of the Canadian Loans denominated in U.S. Dollars at such timeDollars, plus (iiB) the Outstanding Amount of the Canadian Loans denominated in Canadian Dollars at such timeDollars, plus (iiiC) the Outstanding Amount of Bankers’ Acceptances at such time, then outstanding exceeds the Total Canadian Commitment then in effectCommitment, whether by reduction of the Total Canadian Commitment or otherwise, or (ciii) the sum of (iA) the outstanding principal amount of the U.K. Loans denominated in U.S. Dollars at such timeDollars, plus (iiB) the Outstanding Amount of the U.K. Loans denominated in Sterling at such timeSterling, plus (iiiC) the Outstanding Amount of the U.K. Loans denominated in Euros at such time, exceeds the Total U.K. Commitment then in effectCommitment, whether by reduction of the Total U.K. Commitment or otherwise, or (div) the sum of the outstanding principal amount of the PR Loans at such time exceeds the Total PR Commitment then in effectCommitment, whether by reduction of the Total PR Commitment or otherwise, then the applicable Borrower(s) shall immediately pay the amount of such excess to the Administrative Agent in the case of clauses (ai) and (div) above, the Canadian Agent, in the case of clause (bii) above, or the U.K. Agent, in the case of clause (ciii) above, (Aa) for application to the Loans in the following order: first, pro rata to any Unreimbursed Amounts (including any L/C Borrowings) with respect to the Letters of Credit issued for the account of such Borrower (if applicable), second, pro rata to Domestic Swing Line Loans, Canadian Swing Line Loans, and U.K. Swing Line Loans, and third, pro rata to Domestic Loans (other than Domestic Swing Line Loans), Canadian Loans (other than Canadian Swing Line Loans), U.K. Loans (other than U.K. Swing Line Loans) and PR Loans, subject to §6.10, or (Bb) if no Loans shall be outstanding, to be held pro rata by the Administrative Agent (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ Acceptances) for the benefit of the Issuing Bank or the Domestic Banks (as the case may be) the Domestic Banks in the case of Letters of Credit and/or the Canadian Banks in the case of Bankers’ Acceptances, as applicable, as collateral security for the amount of Bankers’ Acceptances and as Cash Collateral for the Letters of Credit; provided, however, that if the amount of Cash Collateral cash collateral held by the Administrative Agent (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ Acceptances) pursuant to this §6.4 exceeds the amount of Bankers’ Acceptances and the Letters of Credit, as the case may be, from time to time, the Administrative Agent or the Canadian Agent shall return such excess to Ryder or the Canadian Borrowers, as applicable.

Mandatory Repayments of the Loans. Except as provided in §6.16 hereof, if at any time (ai) the sum of (iA) the outstanding L/C Obligations at such timewith respect to Letters of Credit issued for the account of Ryder and its domestic Subsidiaries, plus (iiB) the outstanding principal amount of the Domestic Loans at such time, exceeds the Total Domestic Commitment then in effectCommitment, whether by reduction of the Total Domestic Commitment or otherwise, or (bii) the sum of (iA) the outstanding principal amount of the Canadian Loans denominated in U.S. Dollars at such timeDollars, plus (iiB) the Outstanding Amount of the Canadian Loans denominated in Canadian Dollars at such timeDollars, plus (iiiC) the Outstanding Amount of Bankers’ Acceptances at such time, then outstanding exceeds the Total Canadian Commitment then in effectCommitment, whether by reduction of the Total Canadian Commitment or otherwise, or (ciii) the sum of (iA) the outstanding principal amount of the U.K. Loans denominated in U.S. Dollars at such timeDollars, plus (iiB) the Outstanding Amount of the U.K. Loans denominated in Sterling at such timeSterling, plus (iiiC) the Outstanding Amount of the U.K. Loans denominated in Euros at such time, exceeds the Total U.K. Commitment then in effectCommitment, whether by reduction of the Total U.K. Commitment or otherwise, or (div) the sum of the outstanding principal amount of the PR Loans at such time exceeds the Total PR Commitment then in effectCommitment, whether by reduction of the Total PR Commitment or otherwise, then the applicable Borrower(s) shall immediately pay the amount of such excess to the Administrative Agent in the case of clauses (ai) and (div) above, the Canadian Agent, in the case of clause (bii) above, or the U.K. Agent, in the case of clause (ciii) above, (Aa) for application to the Loans in the following order: first, pro rata to any Unreimbursed Amounts (including any L/C Borrowings) with respect to the Letters of Credit issued for the account of such Borrower (if applicable), second, pro rata to Domestic Swing Line Loans, Canadian Swing Line Loans, and U.K. Swing Line Loans, and third, pro rata to Domestic Loans (other than Domestic Swing Line Loans), Canadian Loans (other than Canadian Swing Line Loans), U.K. Loans (other than U.K. Swing Line Loans) and PR Loans, subject to §6.10, or (Bb) if no Loans shall be outstanding, to be held pro rata by the Administrative Agent (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ Acceptances) for the benefit of the Issuing Bank or the Domestic Banks (as the case may be) the Domestic Banks in the case of Letters of Credit and/or the Canadian Banks in the case of Bankers’ Acceptances, as applicable, as collateral security for the amount of Bankers’ Acceptances and as Cash Collateral for the Letters of Credit; provided, however, that if the amount of Cash Collateral held by the Administrative Agent (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ Acceptances) pursuant to this §6.4 exceeds the amount of Bankers’ Acceptances and the Letters of Credit, as the case may be, from time to time, the Administrative Agent or the Canadian Agent shall return such excess to Ryder or the Canadian Borrowers, as applicable.

Mandatory Repayments of the Loans. Except as provided in §Section 6.16 hereof, if at any time (ai) the sum of (iA) the outstanding L/C Obligations at such timewith respect to Letters of Credit issued for the account of Ryder and its domestic Subsidiaries, plus (iiB) the outstanding principal amount of the Domestic Loans at such time, exceeds the Total Domestic Commitment then in effectCommitment, whether by reduction of the Total Domestic Commitment or otherwise, or (bii) the sum of (iA) the outstanding principal amount of the Canadian Loans denominated in U.S. Dollars at such timeDollars, plus (iiB) the Outstanding Amount Dollar Equivalent of the outstanding principal amount of the Canadian Loans denominated in Canadian Dollars at such timeDollars, plus (iiiC) the Outstanding Amount Dollar Equivalent of the aggregate amount of Bankers’ ' Acceptances at such time, then outstanding exceeds the Total Canadian Commitment then in effectCommitment, whether by reduction of the Total Canadian Commitment or otherwise, or (ciii) the sum of (iA) the outstanding principal amount of the U.K. Loans denominated in U.S. Dollars at such timeDollars, plus (iiB) the Outstanding Amount Dollar Equivalent of the outstanding principal amount of the U.K. Loans denominated in Sterling at such timeSterling, plus (iiiC) the Outstanding Amount Dollar Equivalent of the outstanding principal amount of the U.K. Loans denominated in Euros at such time, exceeds the Total U.K. Commitment then in effectCommitment, whether by reduction of the Total U.K. Commitment or otherwise, or (div) the sum of the outstanding principal amount of the PR Loans at such time exceeds the Total PR Commitment then in effectCommitment, whether by reduction of the Total PR Commitment or otherwise, then the applicable Borrower(s) shall immediately pay the amount of such excess to the Administrative Agent in the case of clauses (ai) and (div) above, the Canadian Agent, in the case of clause (bii) above, above or the U.K. Agent, in the case of clause (ciii) above, (Aa) for application to the Loans in the following order: first, pro rata to any Unreimbursed Amounts (including any L/C Borrowings) with respect to the Letters of Credit issued for the account of such Borrower (if applicable), second, pro rata to Domestic Swing Line Loans, Canadian Swing Line Loans, and U.K. Swing Line Loans, and third, pro rata to Domestic Loans (other than Domestic Swing Line Loans), Canadian Loans (other than Canadian Swing Line Loans), U.K. Loans (other than U.K. Swing Line Loans) and PR Loans, subject to §Section 6.10, or (Bb) if no Loans shall be outstanding, to be held pro rata by the Administrative Agent Agents (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ ' Acceptances) for the benefit of the Issuing Bank or the Domestic Banks (as the case may be) the Domestic Banks in the case of Letters of Credit and/or the Canadian Banks in the case of Bankers’ ' Acceptances, as applicable, as collateral security for the amount of Bankers’ ' Acceptances and as Cash Collateral for the Letters of Credit; provided, however, that if the amount of Cash Collateral cash collateral held by the Administrative Agent Agents (in the case of Letters of Credit) and the Canadian Agent (in the case of Bankers’ ' Acceptances) pursuant to this §Section 6.4 exceeds the amount of Bankers’ ' Acceptances and the Letters of Credit, as the case may be, from time to time, the Administrative Agent or the Canadian Agent shall return such excess to Ryder or the Canadian Borrowers, as applicable.