Common use of Net Increase in Outstandings Clause in Contracts

Net Increase in Outstandings. If on any Settlement Date the increase, if any, in the dollar amount of any Lender's Net Outstandings which is required to comply with the first sentence of SECTION 4.8(A) exceeds such Lender's Commitment Percentage of amounts received by the Agent but paid only to Bank of America since the next preceding Settlement Date, such Lender and the Agent, in their respective records, shall apply such Lender's Commitment Percentage of such amounts to the increase in such Lender's Net Outstandings, and such Lender shall pay to the Agent, for the account of Bank of America, any excess.

Appears in 2 contracts

Samples: Tultex Corp, Tultex Corp

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Net Increase in Outstandings. If on any Settlement Date the increase, if any, in the dollar amount of any Lender's Net Outstandings which is required to comply with the first sentence of SECTION 4.8(ASection 4.8(a) exceeds such Lender's Commitment Percentage of amounts received by the Agent but paid only to Bank of America since the next preceding Settlement Date, such Lender and the Agent, in their respective records, shall apply such Lender's Commitment Percentage of such amounts to the increase in such Lender's Net Outstandings, and such Lender shall pay to the Agent, for the account of Bank of America, any excess.

Appears in 1 contract

Samples: Safety Components International Inc

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Net Increase in Outstandings. If on any Settlement Date the increase, if any, in the dollar amount of any Lender's Net Outstandings which is required to comply with the first sentence of SECTION 4.8(ASection 2.11.2 (Revolving Loan) exceeds such Lender's Commitment Percentage Revolving Credit Pro Rata Share of amounts received by the Agent but paid only to Bank of America since the next preceding Settlement Date, such Lender and the Agent, in their respective records, shall apply such Lender's Commitment Percentage Revolving Credit Pro Rata Share of such amounts to the increase in such Lender's Net Outstandings, and such Lender shall pay to the Agent, for the account of Bank of America, any excess.

Appears in 1 contract

Samples: Financing and Security Agreement (BPC Holding Corp)

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