Common use of Repayment of Revolving Credit Loans Clause in Contracts

Repayment of Revolving Credit Loans. (i) Subject to clause (ii) of this Section 5.2(b), if on any date the aggregate amount of the Lenders’ Revolving Credit Exposures in respect of any Class of Revolving Loans for any reason exceeds the Revolving Commitment for such Class of Revolving Loans at such time, the Borrower shall forthwith repay on such date Revolving Loans of such Class in an amount equal to such excess. If after giving effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit Exposures of such Class exceed the Revolving Commitment of such Class then in effect, the Borrower shall Cash Collateralize the letters of credit Outstanding in relation to such Class to the extent of such excess.

Appears in 9 contracts

Samples: First Lien Credit Agreement (HireRight Holdings Corp), First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (HireRight Holdings Corp)

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Repayment of Revolving Credit Loans. (i) Subject to clause (ii) of this Section 5.2(b), if If on any date the aggregate amount of the Lenders’ Revolving Credit Exposures in respect of any Class of Revolving Loans for any reason exceeds 100% of the Revolving Credit Commitment for of such Class of Revolving Loans at such timethen in effect, the Borrower shall forthwith repay on such date Revolving Loans of such Class or the Swingline Loans, as the case may be, in an amount equal to such excess. If after giving effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit Exposures of such Class exceed the Revolving Credit Commitment of such Class then in effect, the Borrower shall Cash Collateralize the letters Revolving Letter of credit Credit Outstanding in relation to such Class to the extent of such excess.

Appears in 4 contracts

Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.), First Lien Credit Agreement (BrightSpring Health Services, Inc.), First Lien Credit Agreement (BrightSpring Health Services, Inc.)

Repayment of Revolving Credit Loans. (i) Subject to clause (ii) of this Except for Protective Advances and Overadvance Loans permitted under Section 5.2(b)2.15, if at any time on any date the aggregate amount of the Lenders’ Revolving Credit Exposures in respect of any Class of Revolving Loans for any reason exceeds the Revolving Commitment for such Class of Revolving Loans Maximum Borrowing Amount, at such time, the Borrower shall forthwith repay on such date Revolving Loans of such Class in an amount equal to such excess. If after giving effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit Exposures of such Class exceed the Revolving Credit Commitment of such Class then in effect, the Borrower shall Cash Collateralize the letters Letters of credit Credit Outstanding in relation to such Class to the extent of such excess.

Appears in 2 contracts

Samples: Abl Credit Agreement (Academy Sports & Outdoors, Inc.), Abl Credit Agreement (Academy Sports & Outdoors, Inc.)

Repayment of Revolving Credit Loans. (i) Subject to clause (ii) of this Section 5.2(b)below, if on any date the aggregate amount of the Lenders’ Revolving Credit Exposures in respect of any Class of Revolving Loans for any reason exceeds 100% of the Revolving Credit Commitment for of such Class of Revolving Loans at such timethen in effect, the Borrower shall forthwith repay on such date Revolving Loans of such Class in an amount equal to such excess. If after giving effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit Exposures of such Class exceed the Revolving Credit Commitment of such Class then in effect, the Borrower shall Cash Collateralize the letters Letters of credit Credit Outstanding in relation to such Class to the extent of such excess.

Appears in 2 contracts

Samples: First Lien Credit Agreement (BrightView Holdings, Inc.), Lien Credit Agreement (BrightView Holdings, Inc.)

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Repayment of Revolving Credit Loans. (i) Subject to clause (ii) of this Except for Protective Advances and Overadvance Loans permitted under Section 5.2(b)2.15, if at any time on any date the aggregate amount of the Lenders’ Revolving Credit Exposures in respect of any Class of Revolving Loans for any reason exceeds the Revolving Commitment for such Class of Revolving Loans Maximum Borrowing Amount, at such time, the Borrower Borrowers shall forthwith repay on such date Revolving Loans of such Class in an amount equal to such excess. If after giving effect to the prepayment of all outstanding Revolving Loans of such Class, the Revolving Credit Exposures of such Class exceed the Revolving Credit Commitment of such Class then in effect, the Borrower Borrowers shall Cash Collateralize the letters Letters of credit Credit Outstanding in relation to such Class to the extent of such excess.

Appears in 1 contract

Samples: Credit Agreement (Bountiful Co)

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