Prepayments of Revolving Loans. If for any reason the Total Revolving Outstandings at any time exceed the aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay, without premium or penalty, Revolving Loans and Swingline Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
Prepayments of Revolving Loans. (i) If, on any date, the aggregate Tranche A Revolving Extensions of Credit exceed the Tranche A Availability at such time, the Borrower or each Local Borrowing Subsidiary (but solely in respect of its applicable Local Loans and Acceptances) shall promptly prepay (without a corresponding reduction in the Tranche A Revolving Commitments) the Tranche A Revolving Loans, the Swingline Loans, the Local Loans, the Acceptances and/or the L/C Obligations, to the Administrative Agent or a Local Fronting Lender, in each case as applicable, and/or Cash Collateralize its obligations, in an aggregate principal amount equal to such excess.
(ii) If, on any date, the aggregate Tranche B Revolving Extensions of Credit exceed the Tranche B Availability at such time, the Borrower shall promptly prepay (without a corresponding reduction in the Tranche B Revolving Commitments) the Tranche B Revolving Loans to the Administrative Agent in an aggregate principal amount equal to such excess; provided, that the Borrower shall first prepay and/or Cash Collateralize any amounts required to be prepaid and/or Cash Collateralized pursuant to Section 2.12(b)(i) prior to prepaying any amounts under this Section 2.12(b)(ii).
Prepayments of Revolving Loans. If for any reason (i) the Total Revolving Outstandings (other than any Overadvances and Protective Advances to the extent permitted hereunder) at any time exceed the Borrowing Base then in effect for at least two consecutive Business Days or (ii) the Total Revolving Outstandings at any time exceed the Revolving Credit Maximum Amount at such time, then in either case Borrowers shall immediately prepay, without premium or penalty, an aggregate amount equal to such excess to be applied to the prepayment of the Revolving Loans and Swingline Loans and, thereafter to the extent of any remaining such excess, to Cash Collateralize the L/C Obligations in an amount equal to such remaining excess.
Prepayments of Revolving Loans. Term Loans and Incremental Term Loans shall be applied first to ABR Loans and second to Eurodollar Loans (applied to Eurodollar Loans with Interest Periods in the order in which the respective Interest Periods therefor shall end). Each prepayment of Loans pursuant to this Section 2.11 (other than prepayments of Revolving Loans that are ABR Loans prior to the end of the Revolving Availability Period) shall be accompanied by accrued interest on the principal amount paid to but excluding the date of payment and any amounts payable under Section 2.16 as a result of such prepayment.
Prepayments of Revolving Loans. Section 2.09 of the Credit Agreement is amended to:
(a) replace paragraph (d) in such Section with a new paragraph (d) as follows:
Prepayments of Revolving Loans from Amounts Transferred ------------------------------------------------------- to BTCo Account. If any amounts are transferred to the BTCo --------------- Account on any Business Day pursuant to the terms of any Blocked Account Agreement, then on such Business Day, if such amounts are transferred to the BTCo Account prior to 12:00 Noon (New York time) on such Business Day, or on the next succeeding Business Day, if such amounts are transferred to the BTCo Account on or after 12:00 Noon (New York time) on such Business Day, Borrower shall prepay the Revolving Loans in an amount equal to the amount transferred to the BTCo Account pursuant to the terms of the applicable Blocked Account Agreement on such Business Day (to the extent such amount relates to payments received in respect of Accounts of Borrower or any of its Subsidiaries) until all Revolving Loans shall have been paid in full.
Prepayments of Revolving Loans. (a) The Borrower shall, within one (1) Business Day following the earlier of the delivery of a Borrowing Base Certificate hereof or the day upon which such Borrowing Base Certificate was due, either (i) prepay the Revolving Loans in the amount, if any, by which the Outstanding Amounts of the Revolving Loans on the date of prepayment under this Section 2.03(a) exceeds the Borrowing Base Revolving Loan at such time, together with accrued interest to the date of such prepayment on the amount prepaid, or (ii) pledge and assign to the Bank additional collateral acceptable to the Bank, in the Bank’s sole discretion, and deliver all documentation that the Bank, in its sole discretion, may require in connection with such pledge and assignment and the perfection of a first-priority security interest in such additional collateral, so that, as applicable, the Borrowing Base Revolving Loan, plus the value assigned by the Bank, in its sole discretion, to such additional collateral equals or exceeds the Outstanding Amounts.
(b) The Borrower may, upon notice to the Bank, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Bank not later than 2:00 p.m., Fresno CA time, (A) three Business Days prior to any date of prepayment of LIBOR Rate Loans, and (B) on the date of prepayment of Base Rate Loans; and (ii) any prepayment of LIBOR Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof, or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05.
(c) If for any reason the Outstanding Amount at any time exceed the Revolving Commitment then in effect, the Borrower shall immediately prepay the Revolving Loans in an aggregate amount equal to such excess.
(d) If on the date a principal payment is made with respect to the Revolving Loans, interest is calculated with respect to such portion of the Commitments both on the basis of the Base Rate and the LIBOR...
Prepayments of Revolving Loans. 26 2.06 Reduction or Termination of Revolving Commitments..................25 2.07
Prepayments of Revolving Loans. 29 SECTION 2.5. LETTERS OF CREDIT.......................................................................30 SECTION 2.6. PAYMENTS; PRO RATA TREATMENT AND SHARING OF SET-OFFS....................................32 SECTION 2.7. CASH COLLATERAL ACCOUNT.................................................................33 ARTICLE 3. INTEREST, FEES, YIELD PROTECTIONS, ETC. 34
Prepayments of Revolving Loans. 30 2.5.2 Prepayments of Swing Line Loans......................................................31 2.6 Reduction or Termination of Commitments.......................................................31
