Common use of Prepayments due to Excess Total Utilization Clause in Contracts

Prepayments due to Excess Total Utilization. Xxxxx-Xxxxxxxx shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers to make prepayments of Offshore Revolving Loans) to the extent necessary so that the Total Utilization of Revolving Loan Commitments at any time does not exceed the Revolving Loan Commitments then in effect. ACI shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for ACI. O-I Canada shall make prepayments of the Canadian Revolving Loans to the extent necessary so that the Total Utilization of Canadian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Canada. OIEG shall make prepayments of the Dutch Revolving Loans to the extent necessary so that the Total Utilization of Dutch Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OIEG. O-I Europe shall make prepayments of the Swiss Revolving Loans to the extent necessary so that the Total Utilization of Swiss Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Europe.

Appears in 1 contract

Samples: Credit Agreement (Owens Illinois Group Inc)

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Prepayments due to Excess Total Utilization. Xxxxx-Xxxxxxxx Domestic Borrowers shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers to make prepayments of Offshore Revolving Loans) to the extent necessary so that the Total Utilization of Revolving Loan Commitments at any time does not exceed the Revolving Loan Commitments then in effect. ACI United Glass shall make prepayments of the UK Revolving Loans to the extent necessary so that the Total Utilization of UK Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for United Glass. The Australian Offshore Borrowers shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for ACIthe Australian Offshore Borrowers. Avir shall make prepayments of the Italian Revolving Loans to the extent necessary so that the Total Utilization of Italian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for Avir. O-I Canada shall make prepayments of the Canadian Revolving Loans to the extent necessary so that the Total Utilization of Canadian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Canada. OIEG shall make prepayments of the Dutch Revolving Loans to the extent necessary so that the Total Utilization of Dutch Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OIEG. O-I Europe shall make prepayments of the Swiss Revolving Loans to the extent necessary so that the Total Utilization of Swiss Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Europe.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Inc /De/)

Prepayments due to Excess Total Utilization. Xxxxx-Xxxxxxxx Domestic Borrowers shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers to make prepayments in the case of Offshore Revolving Loans, to make) prepayments of the Revolving Loans, and Offshore Revolving Loans to the extent necessary so that the Total Utilization of Revolving Loan Commitments at any time does not exceed the Revolving Loan Commitments then in effect. ACI United Glass shall make prepayments of the UK Revolving Loans to the extent necessary so that the Total Utilization of UK Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for United Glass. The Australian Offshore Borrowers shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for ACIthe Australian Offshore Borrowers. Avir shall make prepayments of the Italian Revolving Loans to the extent necessary so that the Total Utilization of Italian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for Avir. O-I Canada shall make prepayments of the Canadian Revolving Loans to the extent necessary so that the Total Utilization of Canadian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Canada. OIEG shall make prepayments of the Dutch Revolving Loans to the extent necessary so that the Total Utilization of Dutch Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OIEG. O-I Europe shall make prepayments of the Swiss Revolving Loans to the extent necessary so that the Total Utilization of Swiss Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Europe.

Appears in 1 contract

Samples: Secured Credit Agreement (Oi Levis Park STS Inc)

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Prepayments due to Excess Total Utilization. Xxxxx-Xxxxxxxx Domestic Borrowers shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers in the case of Offshore Revolving Loans, to make prepayments of the Revolving Loans, and Offshore Revolving Loans) to the extent necessary so that the Total Utilization of Revolving Loan Commitments at any time does not exceed the Revolving Loan Commitments then in effect. ACI United Glass shall make prepayments of the UK Revolving Loans to the extent necessary so that the Total Utilization of UK Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for United Glass. The Australian Offshore Borrowers shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for ACIthe Australian Offshore Borrowers. Avir shall make prepayments of the Italian Revolving Loans to the extent necessary so that the Total Utilization of Italian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for Avir. O-I Canada shall make prepayments of the Canadian Revolving Loans to the extent necessary so that the Total Utilization of Canadian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Canada. OIEG shall make prepayments of the Dutch Revolving Loans to the extent necessary so that the Total Utilization of Dutch Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OIEG. O-I Europe shall make prepayments of the Swiss Revolving Loans to the extent necessary so that the Total Utilization of Swiss Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Europe.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Group Inc)

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