Reductions of Revolving Exposure. In the event and on each occasion that the Total Utilization of Revolving Commitments exceeds the Total Revolving Commitments, the Borrower shall prepay Revolving Borrowings (or, if no such Loans or Borrowings are outstanding, deposit Cash Collateral in accordance with Section 2.3(h)) in an aggregate amount equal to such excess.
Appears in 5 contracts
Samples: Guaranty Agreement (Entegris Inc), Credit and Guaranty Agreement (Entegris Inc), Credit and Guaranty Agreement (Entegris Inc)
Reductions of Revolving Exposure. In the event and on each occasion that the Total Utilization of Revolving Commitments at such time exceeds the Total Revolving Commitmentslesser of (A) the Maximum Credit and (B) the Borrowing Base then in effect, the Borrower shall shall, subject to Section 2.10, prepay Swing Line Loans and Revolving Borrowings Loans (or, if no such Loans or Borrowings are outstanding, deposit Cash Collateral in accordance with Section 2.3(h2.03(8)) in an aggregate amount equal to such excess.
Appears in 2 contracts
Samples: Abl Credit Agreement (United States Steel Corp), Abl Credit Agreement (United States Steel Corp)
Reductions of Revolving Exposure. In the event and on each occasion that the Total Utilization of Revolving Commitments exceeds the Total Revolving Commitments, the Borrower shall prepay Swing Line Loans and Revolving Borrowings (or, if no such Loans or Borrowings are outstanding, deposit Cash Collateral in accordance with Section 2.3(h2.4(h)) in an aggregate amount equal to such excess.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Tivity Health, Inc.)
