Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments Sample Clauses

Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Borrower shall from time to time prepay first the Swing Line Loans and second 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.
AutoNDA by SimpleDocs
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. 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.
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Borrower 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. Any such mandatory prepayments shall be applied as specified in subsection 2.4B(iv).
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Company 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 lesser of (x) the Revolving Loan Commitments then in effect and (y) the Borrowing Base then in effect.
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. The Company shall prepay the Swing Line Loans and/or Revolving Loans from time to time to the extent necessary so that (1) the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitments then in effect, and (2) 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 subsection 2.4B(iii)(e). 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 (e) or otherwise) the Total Utilization of Revolving Loan Commitments exceeds the Revolving Loan Commitment, the Company shall deposit into the Collateral Account such amounts as are necessary so that, after giving effect thereto, the amount on deposit in the Collateral Account pursuant to this subclause (e) is at least equal to such excess.
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. The Borrower shall from time to time prepay Swing Line Loans and/or 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; provided that no prepayments shall be required pursuant to this clause (g) due to fluctuations in the exchange rates of currencies, which is subject to clause (j) below.
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Subsection 2.4B(iii)(h) of the Credit Agreement is hereby amended by deleting the text thereof appearing under the heading in its entirety and substituting the following therefor: “Borrower shall from time to time prepay the Revolving Loans (or, if the Revolving Loans have been prepaid in full, cash collateralize Letters of Credit) to the extent necessary so that (i) the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitments then in effect and (ii) the aggregate amount of all Revolving Loans that are Foreign Currency Loans shall not at any time exceed the Dollar Equivalent of $30,000,000.”
AutoNDA by SimpleDocs
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Company shall from time to time prepay FIRST the Swing Line Loans and SECOND 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.
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Company shall from time to time prepay the Swing Line Loans, Revolving Loans and Negotiated Rate Loans (with the consent of the Lender funding such Negotiated Rate Loans) to the extent necessary (1) so that the aggregate outstanding principal amount of the Swing Line Loans, Revolving Loans and Negotiated Rate Loans shall not at any time exceed the Revolving Loan Commitments then in effect and (2) to give effect to the other limitations set forth in the second paragraph of subsection 2.1A(ii), in the first paragraph of subsection 2.1A(iii) and in the proviso of subsection 2.11A, as applicable. Any such mandatory prepayments shall be applied first to the Swing Line Loans, next to the Revolving Loans and then to the Negotiated Rate Loans, and otherwise as specified in subsection 2.4A(iv).
Prepayments Due to Reductions or Restrictions of Revolving Loan Commitments. Company shall from time to time prepay first the Swing Line Loans and second the Revolving Loans to the extent necessary so that the Total
Time is Money Join Law Insider Premium to draft better contracts faster.