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 pursuant to subsection 2.4B(iv)(d) 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 effect.
Appears in 2 contracts
Samples: Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Winsloew Furniture Inc)
Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower Company shall from time to time prepay first the Swing Line Loans, Loans and second the Revolving Loans pursuant to subsection 2.4B(iv)(d) to the extent necessary (1) 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 (2) to give effect to the limitations set forth in the second paragraph of subsection 2.1A(iii) and in the second paragraph of subsection 2.1A(iv).
Appears in 1 contract
Samples: Security Agreement (Arterial Vascular Engineering Inc)
Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Borrower shall from time to time prepay first the Swing Line Loans, Loans and second the Revolving Loans pursuant to subsection 2.4B(iv)(d) 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 or then in effect and (y) the Borrowing Base then in effect.
Appears in 1 contract
Samples: Credit Agreement (CFP Holdings Inc)
