Common use of Prepayments of Revolving Loans Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Mimedx Group, Inc.), Credit Agreement (Harvard Bioscience Inc)

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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.

Appears in 1 contract

Samples: Credit Agreement

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.

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Prepayments of Revolving Loans. If for any reason the Total Revolving Outstandings at any time exceed exceeds the aggregate Revolving Commitments Commitment then in effect, the Borrower shall immediately prepay, without premium or penaltypenalty the Revolving Loans, Revolving Loans and Swingline Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Utilities Corp)

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Prepayments of Revolving Loans. If for any reason the Total Revolving Outstandings at any time exceed the aggregate Revolving Commitments or Collateral Pool Availability then in effect, the Borrower shall immediately promptly 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.

Appears in 1 contract

Samples: Credit Agreement (Cantor Fitzgerald Income Trust, Inc.)

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