Paydown. In the event that the aggregate principal amount of Loans outstanding at any time exceeds the Loan Formula set forth above, the Borrower agrees that it shall immediately upon demand pay over the amount of the excess to the Bank as and for a mandatory prepayment on such Loans.
Paydown. Without the prior written consent of Bank, Obligor will ------- not sell or otherwise dispose of any of the Equipment without paying to Bank, in reduction of the Obligations, an amount equal to the greatest of book value, appraised value or sales price of the Equipment sold or disposed of.
Paydown. Payment of a paydown of the principal of the Revolving Loan in an amount equal to $1,500,000, in immediately available funds, which shall not be available for re-borrowing; provided, that $500,000 of the paydown shall come as proceeds of new Intercompany Debt from Parent, on terms and conditions reasonably satisfactory to the Lender.
Paydown. Regardless of the terms of the Revolving Credit Facility, if at any time the aggregate amount of outstanding loans under the Revolving Credit Facility exceeds the aggregate Loan Value of the Used RVs and New Motor Coaches, Dealer will immediately repay to DFS, as a reduction of Dealer's outstanding loans under the Revolving Credit Facility, the difference between (i) such aggregate amount of outstanding loans under the Revolving Credit Facility, and (ii) the aggregate Loan Value. Upon the effective date of termination of the Agreement, Dealer will immediately repay to DFS all amounts due under the Revolving Credit Facility.
Paydown. Provided no Default has occurred, at any time after the twelfth (12th) monthly Basic Rent payment under the Lease, Lessee shall have a one-time option to repay One Million ($1,000,000.00) Dollars of the Funding Amount (the “Paydown”), upon payment of a fee to Lessor of Twenty-Five Thousand ($25,000.00) Dollars, which fee shall be deemed fully earned by Lessor. Following the Paydown, Lessor will amend the Lease to re-amortize the Schedule and restate the Basic Rent payments under the Lease, as determined by Lessor in its sole discretion. The End of Term Buyout Price (defined in Rider No. 1 to Equipment Schedule HEAT-0001) will remain the same amount set forth in and be due and payable in accordance with the terms of such Rider, irrespective of whether the Payout is exercised.
Paydown. The Borrower has requested that the Lender release the Deed of Trust, Assignment of Rents, Security Agreement and Financing Statement which was recorded in the official records of the San Diego County Recorder’s Office at Document No. 2002-1097387 (the “Deed of Trust”). The Lender agrees to release the Deed of Trust upon the receipt of $815,000.00 of the sale proceeds received in connection with the sale of the property that is subject to the Deed of Trust (the “Lender’s Share of the Proceeds”) together with the sum of $24,450.00, which amount constitutes the prepayment fee due pursuant to Section 2.13(f) of the Credit Agreement. The Lender’s Share of the Proceeds shall be applied to the outstanding principal balance of the Permanent Term Note. Subject to compliance with the terms of this paragraph 12, Lender consents to the sale of the real property described in the Deed of Trust and agrees that such sale shall not be a default under paragraphs 13 and 17 or any other paragraph of the Deed of Trust, nor shall such sale be a default under Sections 6.18 and 7.1 or any other section of the Credit Agreement.
Paydown. Dealer will forward to DFS by the 15th day of each month a Collateral Report dated as of the last day of the prior month. Regardless of the SPP terms pertaining to any Collateral financed by DFS, and notwithstanding any scheduled payments made by Dealer after the Determination Date or anything contained in this Agreement to the contrary, if DFS determines, after reviewing the Collateral Report, after conducting an inspection of the Collateral or otherwise, that (i) the total current outstanding Indebtedness owed by Dealer to DFS as of any applicable Determination Date, exceeds (ii) the Collateral Liquidation Value as of the Determination Date, Dealer will immediately upon demand pay DFS the difference between (i) Dealer’s total current outstanding Indebtedness owed to DFS as of the Determination Date, and (ii) the Collateral Liquidation Value as of the Determination Date. if Dealer from time to time is required to make immediate payment to DFS of any past due obligation discovered during any Collateral review, upon review of a Collateral Report or at any other time, Dealer agrees that acceptance of such payment by DFS shall not be construed to have waived or amended the terms of its financing program.
Paydown. On each Payment Date during a Partial Paydown Period, from amounts on deposit in the Series 2017-VFN Series Account or otherwise available to make such distributions, the Indenture Trustee (based on the information contained in the related Monthly Report) shall pay to the Series 2017-VFN Noteholders of record as of the applicable Record Date, pro rata based on the amount owed, the portion of the Aggregate Partial Paydown Amount owed to such Series 2017-VFN Noteholder.
Paydown. Net availability after today’s request (O) The undersigned represents and warrants that (a) the information set forth above has been prepared in accordance with the requirements of that certain Credit Agreement dated as of April 10, 2008 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”) between, among others, (i) rue21, inc., as lead borrower (in such capacity, the “Lead Borrower”) for itself and the other Borrowers party thereto, (ii) the Borrowers party thereto, (iii) r services llc and the other Guarantors party thereto, (iv) Bank of America, N.A., as Administrative Agent, Collateral Agent and Swing Line Lender, and (iv) the Lenders party thereto, and is based upon supporting documentation that is satisfactory to the Agent; (b) no “Default” (as defined in the Credit Agreement) is presently In existence; and (c) all or a portion of the advance requested hereby will be set aside by the Loan Parties to cover 100% of the Loan Parties’ obligation for sales tax on account of sales since the most recent borrowing under the Credit Agreement. EXHIBIT G FORM OF CREDIT CARD NOTIFICATION CREDIT CARD NOTIFICATION PREPARE ON BORROWER/LOAN PARTY LETTERHEAD - ONE FOR EACH PROCESSOR April , 2008 To: [Name and Address of Credit Card Processor] (the “Processor”) Re: rue21, inc. Merchant Account Number: Dear Sir/Madam: RUE21, INC., a Pennsylvania corporation (the “Borrower”), has entered into various financing agreements with BANK OF AMERICA, N.A., a national banking association with offices at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as collateral agent (in such capacity, the “Collateral Agent”) for its own benefit and the benefit of certain other credit parties (the “Credit Parties”), pursuant to which the Collateral Agent and the other Credit Parties may from time to time make loans or furnish certain other financial accommodations to the Borrower. The Borrower’s obligations on account of such loans and financial accommodations are secured by, among other things, all credit card charges submitted by the Borrower to the Processor for processing and the amounts which the Processor owes to the Borrower on account thereof (the “Credit Card Proceeds”). Until the Processor receives written notification from the Collateral Agent that the interest of the Collateral Agent and the other Credit Parties in the Credit Card Proceeds has been terminated, all amounts as may become due from time to time from the Processor to the Borrow...
Paydown. Regardless of the terms of the Revolving Credit Facility, if at any time the aggregate amount of outstanding loans under the Revolving Credit Facility exceeds the aggregate Loan Value of the Used RVs and New Motor Coaches, Dealer will immediately repay to CDF, as a reduction of Dealer’s outstanding loans under the Revolving Credit Facility, the difference between (i) such aggregate amount of outstanding loans under the Revolving Credit Facility, and
