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

Prepayments due to Excess Total Utilization. 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. 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 the 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.

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 and/or Additional Domestic Borrowers Subsidiary Borrowers, as the case may be, shall make such prepayments of Multicurrency Revolving Loans (and cause the relevant Offshore Borrowers in the case to make prepayments of Offshore Revolving Loans) to the extent necessary so that the Total Utilization of Multicurrency Revolving Loan Commitments at any time does not exceed the Multicurrency Revolving Loan Commitments then in effect. Xxxxx-Xxxxxxxx and/or Additional Domestic Subsidiary Borrowers, to make) as the case may be, shall make such prepayments of the Revolving Loans, and Offshore US Revolving Loans to the extent necessary so that the Total Utilization of US Revolving Loan Commitments at any time does not exceed the US Revolving Loan Commitments then in effect. 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 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 the 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 AvirACI. 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. OI 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 OI Europe.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

Prepayments due to Excess Total Utilization. Domestic Borrowers Xxxxx-Xxxxxxxx shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers in the case to make prepayments 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. 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 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 the 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 AvirACI. 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)

Prepayments due to Excess Total Utilization. Domestic Borrowers shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers in the case to make prepayments 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. 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 the 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.

Appears in 1 contract

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

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Prepayments due to Excess Total Utilization. Domestic Borrowers shall make such prepayments of Revolving Loans (and cause the relevant Offshore Borrowers in the case of Offshore Revolving Loans, to make) make prepayments of the Revolving Loans, and Offshore Revolving Loans 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. 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 the 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.

Appears in 1 contract

Samples: Secured Credit Agreement (Owens Illinois Group Inc)

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