Common use of Prepayments of Swing Line Loans Clause in Contracts

Prepayments of Swing Line Loans. If at any time (i) the sum of the Swing Line Lender’s Pro Rata Share of the Outstanding Amount of Advances, plus (ii) the sum of the Swing Line Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus (iii) the outstanding Swing Line Loans of the Swing Line Lender, exceed (iv) the Commitment of the Swing Line Lender, the Borrower shall, upon a request from the Swing Line Lender specifying the amount of such excess, promptly repay the outstanding Swing Line Loans to the extent necessary to eliminate such excess. Subject to Section 8.16, each prepayment pursuant to this Section 2.11 (other than prepayments of Swing Line Loans) shall be applied to the Advances of the Lenders in accordance with their respective Pro Rata Share Percentages.

Appears in 3 contracts

Samples: Credit Agreement (Invesco Ltd.), Credit Agreement (Invesco Ltd.), Credit Agreement (Invesco Ltd.)

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Prepayments of Swing Line Loans. If at any time (i) the sum of the Swing Line Lender’s Pro Rata Share of the Outstanding Amount of Advances, plus (ii) the sum of the Swing Line Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus (iii) the outstanding Swing Line Loans of the Swing Line Lender, exceed (iv) the Commitment of the Swing Line Lender, the Borrower shall, upon a request from the Swing Line Lender specifying 91839933_4 the amount of such excess, promptly repay the outstanding Swing Line Loans to the extent necessary to eliminate such excess. Subject to Section 8.16, each prepayment pursuant to this Section 2.11 (other than prepayments of Swing Line Loans) shall be applied to the Advances of the Lenders in accordance with their respective Pro Rata Share Percentages.

Appears in 1 contract

Samples: Credit Agreement (Invesco Ltd.)

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