Common use of Prepayments of the Revolving Credit Facility Clause in Contracts

Prepayments of the Revolving Credit Facility. made pursuant to clause (iv) above shall be first applied to prepay Letter of Credit Advances then outstanding, if any, until such Advances are paid in full, second applied to prepay Swing Line Advances then outstanding until such Advances are paid in full, third applied ratably to prepay Revolving Credit Advances then outstanding, if any, comprising part of the same Borrowings until such Advances are paid in full and fourth, if required under Section 2.03(g), deposited in the L/C Cash Collateral Account. Upon the drawing of any Letter of Credit for which funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the applicable Issuing Bank or Revolving Credit Lenders, as applicable.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc)

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Prepayments of the Revolving Credit Facility. made pursuant to clause (iviii) above shall be first applied to prepay Letter of Credit Advances then outstanding, if any, outstanding until such Advances are paid in full, second applied to prepay Swing Line Advances then outstanding until such Advances are paid in full, third applied ratably to prepay Revolving Credit Advances then outstanding, if any, outstanding comprising part of the same Borrowings until such Advances are paid in full and fourth, if required under Section 2.03(g), fourth deposited in the L/C Cash Collateral AccountAccount to cash collateralize 100% of the Available Amount of the Letters of Credit then outstanding. Upon the drawing of any Letter of Credit for which funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the applicable Issuing Bank or Revolving Credit Lenders, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Ntelos Holdings Corp)

Prepayments of the Revolving Credit Facility. made pursuant to clause (ivi) above shall be first applied to prepay Letter of Credit Advances then outstanding, if any, outstanding until such Advances are paid in full, second applied to prepay Swing Line Advances then outstanding until such Advances are paid in full, third applied ratably to prepay Revolving Credit Advances then outstanding, if any, outstanding comprising part of the same Borrowings until such Advances are paid in full and fourth, if required under Section 2.03(g), third deposited in the L/C Cash Collateral AccountAccount to cash collateralize 100% of the Available Amount of the Letters of Credit then outstanding. Upon the drawing of any Letter of Credit for which funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the applicable relevant Issuing Bank or Revolving Credit Lenders, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

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Prepayments of the Revolving Credit Facility. made pursuant to clause (ivii) above shall be first applied to prepay Letter of Credit Advances then outstanding, if any, until such Advances are paid in full, second applied to prepay Swing Line Advances then outstanding until such Advances are paid in full, third applied ratably to prepay Revolving Credit Advances then outstanding, if any, comprising part of the same Borrowings until such Advances are paid in full and fourththird, if required under Section 2.03(g), deposited in the L/C Cash Collateral Account. Upon the drawing of any Letter of Credit for which funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the applicable Issuing Bank or Revolving Credit Lenders, as applicable.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Dana Holding Corp)

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