Common use of Mandatory Repayments Clause in Contracts

Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the Loans exceeds the Total Commitment as then in effect, the Borrower shall prepay principal of Loans in an amount equal to such excess.

Appears in 2 contracts

Samples: Credit Agreement (Amerus Life Holdings Inc), Credit Agreement (Amerus Group Co/Ia)

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Mandatory Repayments. (a) (i) On any day on which the sum of the aggregate outstanding principal amount of the Revolving Loans exceeds the Total Commitment as then in effect, the Borrower shall prepay on such day principal of Revolving Loans in an amount equal to such excess.

Appears in 1 contract

Samples: Credit Agreement (Host Marriott Corp/Md)

Mandatory Repayments. (a) (i) On any day on which the sum of the aggregate outstanding principal amount of the Loans exceeds the Total Commitment as then in effect, the Borrower shall prepay on such day principal of Loans in an amount equal to such excess.

Appears in 1 contract

Samples: Credit Agreement (Eldertrust)

Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the all Loans exceeds the Total Commitment as then in effect, the Borrower shall prepay repay the principal of Loans in an amount equal to such excessexcess plus any amounts required pursuant to Section 1.10.

Appears in 1 contract

Samples: Credit Agreement (Baltic Trading LTD)

Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the all Loans exceeds the Total Commitment as then in effect, including, but not limited to, any day on which the Commitment is reduced pursuant to Section 2.03, the Borrower shall prepay repay the principal of Loans in an amount equal to such excessexcess plus any amounts required pursuant to Section 1.10.

Appears in 1 contract

Samples: Credit Agreement (Baltic Trading LTD)

Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the all Loans exceeds the Total Commitment as then in effect, the Borrower shall prepay repay principal of Loans in an amount equal to such excess.

Appears in 1 contract

Samples: Pledge and Security Agreement (Genco Shipping & Trading LTD)

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Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the all Term Loans exceeds the Total Term Loan Commitment as then in effect, the Borrower Borrowers shall prepay on such day the principal of Term Loans in an amount equal to such excess.

Appears in 1 contract

Samples: Credit Agreement (Trizec Properties Inc)

Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the Loans (after giving effect to all other repayments thereof on such date) exceeds the Total Commitment as then in effectat such time, the Borrower shall prepay repay on such date the principal of Loans in an amount equal to such excess.

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

Mandatory Repayments. (a) On any day on which the sum of the aggregate outstanding principal amount of the all Loans (after giving effect to all other repayments thereof on such date) exceeds the Total Loan Commitment as then in effectat such time, the Borrower shall prepay on such day the principal of Loans in an amount equal to such excess.

Appears in 1 contract

Samples: Security Agreement (CURO Group Holdings Corp.)

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