Prepayments Due to Reductions or Restrictions of Commitments. The Borrower shall prepay the Loans from time to time to the extent necessary so that the Revolving Exposure shall not at any time exceed the Commitments then in effect. If at any time that there are no Loans outstanding (whether after giving effect to any prepayment thereof pursuant to this subclause (a) or otherwise) the Revolving Exposure exceeds the Commitments, the Borrower shall deposit as cash collateral with the Administrative Agent such amounts as are necessary so that, after giving effect thereto, the amount on deposit in the form of cash collateral with the Administrative Agent pursuant to this subclause (a) is at least equal to such excess. If, on the tenth Business Day prior to the Commitment Termination Date, the conditions precedent to borrowing set forth in Section 4.2B would not be satisfied, then the Borrower shall, on such date, cash collateralize such amount of LC Exposure that is attributable to the Commitments. Any failure to make such deposit within two Business Days after notice by the Administrative Agent shall constitute an Event of Default.
Prepayments Due to Reductions or Restrictions of Commitments. Borrowers shall from time to time prepay the Loans to the extent necessary to give effect to the limitations set forth in the last sentence of subsection 2.1A. Without limiting the preceding sentence, if at any time and from time to time after the Closing Date the outstanding principal amount of Loans shall exceed the Commitments then in effect Borrowers shall promptly prepay Loans in an aggregate amount equal to the amount of any such excess.
Prepayments Due to Reductions or Restrictions of Commitments. The Borrowers shall prepay the Swing Line Loans and/or Revolving Loans from time to time to the extent necessary so that the Total Utilization of Commitments shall not at any time exceed the Commitments then in effect and (ii) the U.S. Dollar Equivalent of the aggregate principal amount of all outstanding Swing Line Loans shall not at any time exceed the Swing Line Loan Commitment then in effect. All Swing Line Loans shall be prepaid in full prior to the prepayment of any Revolving Loans pursuant to this Section 2.4A(iii)(a). If at any time that there are no Revolving Loans and Swing Line Loans outstanding (whether after giving effect to any prepayment thereof pursuant to this subclause (a) or otherwise) the Total Utilization of Commitments exceeds the Commitments, the Borrowers shall deposit as cash collateral with the Collateral Agent such amounts as are necessary so that, after giving effect thereto, the amount on deposit in the form of cash collateral with the Collateral Agent pursuant to this subclause (a) is at least equal to such excess. If, on the tenth Business Day prior to the Commitment Termination Date, the conditions precedent to borrowing set forth in Section 4.2B would not be satisfied, then the Borrowers shall, on such date, cash collateralize such amount of Letter of Credit Usage that is attributable to the Commitments. Any failure to make such deposit within two Business Days after notice by the Administrative Agent shall constitute an Event of Default.
Prepayments Due to Reductions or Restrictions of Commitments. The Borrowers shall from time to time prepay Loans to the extent necessary so that the Total Utilization shall not at any time exceed the Revolving Loan Commitments then in effect. Wolverine Canada shall prepay Canadian Loans to the extent necessary so that the Dollar equivalent (calculated at the then applicable spot rate) of the aggregate principal amount of outstanding Canadian Loans shall not at any time exceed an amount equal to $20,000,000 minus the aggregate amount of reductions of the Canadian Commitments effected hereunder.
Prepayments Due to Reductions or Restrictions of Commitments. Borrower shall prepay the Loans to the extent necessary so that the Total Utilization shall not at any time exceed the Commitments then in effect. Borrower shall make any prepayment required under this Section 2.4B(iii)(b) within three (3) Business Days of the earlier of (x) the date on which any Senior Officer of Borrower learns that such excess exists or (y) the date on which Borrower receives written notice from any Lender that a payment is due under this Section 2.4B(iii)(b). Any such mandatory prepayments shall be applied as specified in Section 2.4B(iv).
Prepayments Due to Reductions or Restrictions of Commitments. Company shall from time to time prepay the Loans to the extent necessary so that the Total Current Utilization shall not at any time exceed the lesser of (1) the Maximum Revolving Amount minus, the Letter of Credit Usage; or (2) the Current Asset Borrowing Base minus the Letter of Credit Usage.
Prepayments Due to Reductions or Restrictions of Commitments. Borrower shall from time to time prepay the Loans to the extent necessary to comply with the restrictions set forth in subsections 2.1A(i), (ii) and (iii) with respect to the utilization of the Tranche A Revolving Loan Commitments, the Tranche B Revolving Loan Commitments and the Swing Line Loan Commitments, as applicable. Any such mandatory prepayments shall be applied as specified in subsection 2.4A(iv).
Prepayments Due to Reductions or Restrictions of Commitments. Company shall from time to time prepay the Swing Line Loans and Revolving Loans to the extent necessary to give effect to the limitations set forth in the first two paragraphs of subsection 2.1A(iv) and the second paragraph of subsection 2.1A(iii), as applicable. Any such mandatory prepayments shall be applied first to the Swing Line Loans and then to the Revolving Loans, and otherwise as specified in subsection 2.4A(iii). Borrowers shall from time to time prepay the Tranche B Acquisition Term Loans and the Tranche D Acquisition Term Loans to the extent necessary to give effect to the limitations set forth in the second paragraph of subsection 2.1A(ii)(b) and the second paragraph of subsection 2.1A(ii)(d), respectively, such prepayments to be applied as specified in subsection 2.4A(iii).
Prepayments Due to Reductions or Restrictions of Commitments. (a) The Borrowers shall from time to time prepay the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitments then in effect and (b) the Borrowers shall from time to time prepay the Term Loans to the extent necessary so that the Total Utilization of Term Loan Commitments shall not at any time exceed the Term Loan Commitments then in effect (in each case, the amount due upon such prepayment being equal to the principal amount being so paid, plus accrued and unpaid interest thereon, plus, with respect to any Eurodollar Rate Loan not prepaid on the expiration of the Interest Period applicable thereto, any amount payable pursuant to Section 2.6.D.).
Prepayments Due to Reductions or Restrictions of Commitments. Company shall from time to time prepay the Loans to the extent necessary so that the aggregate outstanding principal amount of Loans shall not at any time exceed the Commitment then in effect.
