Common use of Repayment of Excess Proceeds Clause in Contracts

Repayment of Excess Proceeds. If at any time proceeds ("Excess ---------------------------- Proceeds") remain after the prepayment of Term Loans pursuant to Section 4.4(b), the amount of such Excess Proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans (with a corresponding reduction of the Revolving Credit Commitment as set forth in Section 2.6(b) below)

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

AutoNDA by SimpleDocs

Repayment of Excess Proceeds. If at any time In the event proceeds ("Excess ---------------------------- Proceeds") remain after the prepayment of Term Loans pursuant to Section 4.4(b), the amount of such Excess Proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans (with without a corresponding reduction of the Revolving Credit Commitment as set forth in Section 2.6(b) below)Commitment.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Repayment of Excess Proceeds. If at any time proceeds ("β€œExcess ---------------------------- Proceeds"”) remain after the prepayment of Term Loans pursuant to Section 4.4(b), the amount of such Excess Proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans (with a corresponding reduction of the Revolving Credit Commitment as set forth in Section 2.6(b) below)) and Swingline Loans.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

AutoNDA by SimpleDocs

Repayment of Excess Proceeds. If at any time proceeds ("Excess ---------------------------- Proceeds") remain after the prepayment of Term Loans pursuant to Section 4.4(b), the amount of such Excess Proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans (with a corresponding reduction of the Revolving Credit Commitment as set forth in Section 2.6(b) below)) and Swingline Loans.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.