Common use of Prepayments Due Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (Wellsford Real Properties Inc)

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Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower shall from time to time prepay the Revolving Loans to the extent necessary (1) so that the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitments Commitment then in effecteffect and (2) to give effect to the limitations set forth in the second paragraph of Section 2.1A(ii).

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower shall from time to time prepay first 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 the Revolving Loan Commitments or the Borrowing Base then in effecteffect and second to cash collateralize any outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Prime Hospitality Corp)

Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower Borrowers shall from time to time prepay the Revolving Loans to the extent necessary so that (1) the Total Utilization of Revolving Loan Commitments Commit ments shall not at any time exceed the Revolving Loan Commitments then in effecteffect and (2) to give effect to the limitations set forth in clause (b) of the second paragraph of subsection 2.1A(ii).

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

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Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower 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. Any such mandatory prepayment shall be applied as specified in Section 2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Bristol Hotels & Resorts Inc)

Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower 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. Any such mandatory prepayments shall be applied as specified in subsection 2.4B(iv).

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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