Common use of no Default exists Clause in Contracts

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) if necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section. H-716717.9

Appears in 1 contract

Samples: Credit Agreement (Questar Market Resources Inc)

AutoNDA by SimpleDocs

no Default exists. The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) if to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata Shares Percentages arising from any nonratable increase in the Commitments under this Section. H-716717.9.

Appears in 1 contract

Samples: Credit Agreement (Penson Worldwide Inc)

no Default exists. The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) if to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section. H-716717.9.

Appears in 1 contract

Samples: Credit Agreement (Granite Construction Inc)

no Default exists. The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) if to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Revolving Commitments under this Section. H-716717.9.

Appears in 1 contract

Samples: Credit Agreement (International Game Technology)

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) if to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section. H-716717.9Section 2.13.

Appears in 1 contract

Samples: Credit Agreement (Sonic Corp)

AutoNDA by SimpleDocs

no Default exists. The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) if to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section. H-716717.9Section 2.14.

Appears in 1 contract

Samples: Credit Agreement (Commercial Metals Co)

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.054.4) if to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section. H-716717.9.

Appears in 1 contract

Samples: Credit Agreement (Spherion Corp)

no Default exists. The Borrower shall (x) prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.052.18) if to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Aggregate Commitments under this Section. H-716717.9Section and (y) pay any accrued and unpaid commitment fee pursuant to Section 2.9(b).

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!