Maturity of Loans Mandatory Prepayments Sample Clauses

Maturity of Loans Mandatory Prepayments. The Borrowers hereby agree that the outstanding principal balance of each Loan shall be payable on the Termination Date; provided that on each date that a Revolving Borrowing is made, the Borrowers shall repay all Swingline Loans borrowed prior to such date and then outstanding.

Maturity of Loans Mandatory Prepayments. (a) Each Loan of each Class shall mature, and the outstanding principal amount thereof shall be due and payable (together with interest accrued thereon), on the Maturity Date for such Class of Loans.

Maturity of Loans Mandatory Prepayments. (a) Each Loan shall mature, and the principal amount thereof shall be due and payable in full, on the Termination Date. (b) The Loans shall be prepaid on the first Business Day of each calendar month in an aggregate amount equal to the amount (if any) by which the Consolidated Cash Balance on last Business Day of the immediately preceding calendar month (after giving effect to any prepayment of the Bank of Montreal Synthetic Lease Obligations and/or the Mortgage Facility Obligations pursuant to Section 5.22 or the Loans pursuant to clause (d) of this Section 2.05, in each case to be made on such Business Day and net of the aggregate amount of checks issued by the Borrower and its Consolidated Subsidiaries on or prior to such Business Day that have not cleared at the close of business on such Business Day), exceeds $50,000,000. (c) If, on any day, the aggregate Exposure of all Banks shall exceed the Available Amount for such day, the Borrower shall prepay Loans (and, to the extent that such amount exceeds the aggregate principal amount of all Loans then outstanding, cash collateralize Letters of Credit) in an aggregate principal amount equal to such excess. (d) If, on any day on which the Commitments are reduced pursuant to Section 2.11(b), there shall be any Loans outstanding, the Borrower shall prepay Loans in an aggregate principal amount equal to the lesser of (x) the aggregate principal amount of all Loans then outstanding and (y) the amount of such Commitment reduction. (e) Each prepayment of all or part of a Group of Loans pursuant to this Section 2.05 shall be applied to prepay ratably the Loans of the several Banks included in such Group."

Maturity of Loans Mandatory Prepayments. 21 SECTION 2.04. Interest Rates.................................................22 SECTION 2.05. Method of Electing Interest Rates..............................23 SECTION 2.06. [Intentionally omitted].......................................24 SECTION 2.07. Mandatory Termination of Commitments...........................24 SECTION 2.08.

Maturity of Loans Mandatory Prepayments. Certain Commitment Reductions 36 Section 2.05. Interest Rates 39 Section 2.06. Fees 41 Section 2.07. Optional Termination or Reduction of Commitments 42 Section 2.08. Method of Electing Interest Rates 42 Section 2.09. Mandatory Termination of Commitments 44 Section 2.10. Optional Prepayments 44 Section 2.11. General Provisions as to Payments 44 Section 2.12. Funding Losses 45 Section 2.13. Computation of Interest and Fees 45 Section 2.14. Letters of Credit 45 CONDITIONS Section 3.01. Signing Date 51 Section 3.02. Consequences of Effectiveness 52 Section 3.03. Borrowings and Issuances of Letters of Credit 53

Maturity of Loans Mandatory Prepayments. Section 2.05 of the Credit Agreement is amended to read in full as follows:

Maturity of Loans Mandatory Prepayments. (a) Any Loans outstanding on the Maturity Date (together with accrued interest thereon) shall be due and payable on such date. (b) In addition the Loans shall be prepaid in the following amounts: (i) in the event that the Borrower or any of its Subsidiaries shall at any time, or from time to time, receive after the date hereof any Net Cash Proceeds of any Reduction Event, an amount equal to the Reduction Percentage of such Net Cash Proceeds on the date of receipt of such Net Cash Proceeds; and (ii) on each date on which the Borrower is required to notify the Administrative Agent of the Excess Cash Flow for any fiscal year pursuant to Section 5.02(b), an amount equal to the Reduction Percentage of Excess Cash Flow for such fiscal year. (c) Each prepayment of Loans pursuant to subsection (b) above shall be applied ratably to the respective Tranche A Loans, Tranche B Loans and Tranche C Loans of the Banks.

Maturity of Loans Mandatory Prepayments. (a) Each Loan shall mature, and the principal amount thereof shall be due and payable (together with interest accrued thereon), on the Termination Date. (b) If the Borrower or any of its Subsidiaries receives any Net Cash Proceeds in respect of any Reduction Event, the Borrower shall (i) immediately upon receipt of Net Cash Proceeds of the Permanent Financing (or any portion thereof) or any Securities Issuance or (ii) as soon as possible but, in any event, within two days of the Borrower's receipt of Net Cash Proceeds from sources other than those referred to in clause (i), 765748.1 10/9/98 7:17p 20 prepay Loans in an amount equal to such Net Cash Proceeds; provided that such Net Cash Proceeds shall be applied first, to the prepayment of Base Rate Loans and second, to the prepayment of Euro-Dollar Loans and, provided further that if any prepayment of Euro- Dollar Loans on account of any Asset Sale would otherwise be required to be made under this subsection (b) on a day other than the last day of the Interest Period then applicable to such Euro-Dollar Loans, then the Borrower may pay the amount required to be paid in respect of such Euro-Dollar Loans to the Agent, to be held in escrow by the Agent and invested in Temporary Cash Investments as the Borrower may direct, until the last day of such Interest Period, at which time such prepayment shall be made. The Borrower shall give the Agent at least one Domestic Business Day's notice of each prepayment of Base Rate Loans and at least three Euro-Dollar Business Day's notice of each prepayment of Euro-Dollar Loans required to be made pursuant to this subsection (b). (c) Promptly after receiving a notice of prepayment pursuant to this Section, the Agent shall notify each Lender of the contents thereof and of such Lender's ratable share of such prepayment, and such notice shall not thereafter be revocable by the Borrower.

Maturity of Loans Mandatory Prepayments. 83 SECTION 2.09. Evidence of Debt 85 SECTION 2.10. Interest on Loans 86

Maturity of Loans Mandatory Prepayments. (a) Scheduled Repayments and Prepayments of Loans; Overline Repayments. (i) The Revolving Loans shall mature on the Revolving Termination Date, and any Revolving Loans or Letter of Credit Liabilities then outstanding (together with accrued interest thereon and fees in respect thereof) shall be due and payable or, in the case of Letters of Credit, cash collateralized pursuant to Section 2.08(a)(ii), on such date. (ii) If on any date the aggregate Revolving Outstandings exceed the aggregate amount of the Revolving Commitments, the Borrower shall prepay, and there shall become due and payable (together with accrued interest thereon), such date an aggregate principal amount of Loans equal to such excess. If the outstanding Revolving Loans have been repaid in full or the Revolving Termination Date shall have occurred and any Letter of Credit Liabilities remain outstanding, the Borrower shall cash collateralize any Letter of Credit Liabilities by depositing in a cash collateral account established and maintained (including the investments made pursuant thereto) by the Administrative Agent pursuant to a cash collateral agreement in form and substance satisfactory to the Administrative Agent such amounts as are necessary so that, after giving effect to the repayment of Revolving Loans and the cash collateralization of Letter of Credit Liabilities pursuant to this subsection, the aggregate Revolving Outstandings do not exceed the aggregate amount of the Revolving Commitments. In determining Revolving Outstandings for purposes of this clause (ii), Letter of Credit Liabilities shall be reduced to the extent that they are cash collateralized as contemplated by this Section 2.08(a)(ii).