Common use of Required Prepayment Clause in Contracts

Required Prepayment. Whenever the aggregate amount outstanding under the Notes exceeds the Maximum Total Amount, Borrower shall immediately pay to Lenders such amounts as may be necessary to cause the aggregate principal amount outstanding under the Notes to be equal to or less than the Maximum Total Amount. Whenever the amount outstanding under any individual Revolving Credit Note exceeds such Note's Maximum Revolving Credit Note Amount, Borrower shall immediately pay to the respective Lender such amounts as may be necessary to cause the principal amount outstanding under such Revolving Credit Note to be equal to or less than such Note's Maximum Revolving Credit Note Amount; and whenever the amount outstanding under the Swing Line Note exceeds the Swing Line Loan Maximum Amount, Borrower shall immediately pay to STB such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the Swing Line Loan Maximum Amount; and

Appears in 1 contract

Samples: Credit Agreement (Insituform Technologies Inc)

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Required Prepayment. Whenever the aggregate amount outstanding under the Notes Revolving Credit Loan exceeds the Maximum Total Amount, the Borrower shall immediately pay to Agent for the account of Lenders such amounts as may be necessary to cause the aggregate principal amount outstanding under the Notes Revolving Credit Loan to be equal to or less than the Maximum Total Amount. Whenever the amount outstanding under any individual Revolving Credit Note exceeds the maximum amount permitted to be outstanding under such Note's Maximum Revolving Credit Note AmountNote, the Borrower shall immediately pay to Agent for the account of the respective Lender such amounts as may be necessary to cause the principal amount outstanding under such Revolving Credit Note to be equal to or less than such Revolving Credit Note's Maximum Revolving Credit Note Amount; and whenever maximum permitted amount. Whenever the amount outstanding under the Swing Line Note exceeds the maximum amount permitted to be outstanding under the Swing Line Loan Maximum AmountLoan, the Borrower shall immediately pay to STB the Agent such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the maximum amount permitted to be outstanding under the Swing Line Loan Maximum Amount; andLoan.

Appears in 1 contract

Samples: Credit Agreement (Service Experts Inc)

Required Prepayment. Whenever the aggregate amount of outstanding under the Notes Advances exceeds the Maximum Total Amount, the Borrower shall immediately pay to Lenders such amounts as may be necessary to cause the aggregate principal amount of outstanding under the Notes Advances to be equal to or less than the Maximum Total AmountAmount in accordance with Section 2.1(b). Whenever the amount outstanding under any individual Revolving Credit Note exceeds the maximum amount permitted to be outstanding under such Note's Maximum Revolving Credit Note AmountNote, the Borrower shall immediately pay to Administrative Agent for the account of the respective Lender such amounts as may be necessary to cause the principal amount outstanding under such Revolving Credit Note to be equal to or less than such Note's Maximum Revolving Credit Note Amount; and whenever the maximum permitted amount. Whenever the amount outstanding under the Swing Line Note exceeds the maximum amount permitted to be outstanding under the Swing Line Loan Maximum AmountLoan, the Borrower shall immediately pay to STB the Administrative Agent such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the maximum amount permitted to be outstanding under the Swing Line Loan Maximum Amount; andLoan. Whenever the issuance of any Letter of Credit exceeds the Letter of Credit Subcommitment, the Borrower shall immediately take such action as required by Administrative Agent to reduce the face amount of outstanding Letters of Credit to an amount equal to or less than the Letter of Credit Subcommitment.

Appears in 1 contract

Samples: Credit Agreement (Service Experts Inc)

Required Prepayment. Whenever the aggregate amount of outstanding under the Notes Advances exceeds the Maximum Total Amount, the Borrower shall immediately pay to Lenders such amounts as may be necessary to cause the aggregate principal amount of outstanding under the Notes Advances to be equal to or less than the Maximum Total AmountAmount in accordance with Section 2.01(b). Whenever the amount outstanding under any individual Revolving Credit Note exceeds the maximum amount permitted to be outstanding under such Note's Maximum Revolving Credit Note AmountNote, the Borrower shall immediately pay to Agent for the account of the respective Lender such amounts as may be necessary to cause the principal amount outstanding under such Revolving Credit Note to be equal to or less than such Note's Maximum Revolving Credit Note Amount; and whenever the maximum permitted amount. Whenever the amount outstanding under the Swing Line Note exceeds the maximum amount permitted to be outstanding under the Swing Line Loan Maximum AmountLoan, the Borrower shall immediately pay to STB the Agent such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the maximum amount permitted to be outstanding under the Swing Line Loan Maximum Amount; andLoan. Whenever the issuance of any Letter of Credit exceeds the Letter of Credit Subcommitment, the Borrower shall immediately take such action as required by Agent to reduce the face amount of outstanding Letters of Credit to an amount equal to or less than the Letter of Credit Subcommitment.

Appears in 1 contract

Samples: Credit Agreement (Service Experts Inc)

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Required Prepayment. Whenever the aggregate amount outstanding under the Notes Revolving Credit Loan exceeds the Maximum Total Amount, Borrower the Borrowers shall immediately pay to Lenders such amounts as may be necessary to cause the aggregate principal amount outstanding under the Notes Revolving Credit Loan to be equal to or less than the Maximum Total Amount. Whenever the amount outstanding under any individual Revolving Credit Note exceeds the maximum amount permitted to be outstanding under such Note's Maximum Revolving Credit Note AmountNote, Borrower the Borrowers shall immediately pay to the respective Lender such amounts as may be necessary to cause the principal amount outstanding under such Revolving Credit Note to be equal to or less than such Revolving Credit Note's Maximum Revolving Credit Note Amountmaximum permitted amount; and whenever the amount outstanding under the Swing Line Note exceeds the maximum amount permitted to be outstanding under the Swing Line Loan Maximum AmountLoan, Borrower Borrowers shall immediately pay to STB Agent such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the maximum amount permitted to be outstanding under the Swing Line Loan Maximum Amount; andLoan;

Appears in 1 contract

Samples: Credit Agreement (Central Parking Corp)

Required Prepayment. Whenever the aggregate amount outstanding under the Notes Revolving Credit Loan exceeds the Maximum Total Amount, the Borrower shall immediately pay to Lenders such amounts as may be necessary to cause the aggregate principal amount outstanding under the Notes Revolving Credit Loan to be equal to or less than the Maximum Total AmountAmount permitted to be outstanding. Whenever the aggregate principal amount outstanding under any individual Revolving Credit Note the Foreign Currency Loan exceeds such Note's the Maximum Revolving Credit Note Total Amount, the Borrower shall immediately pay to the respective Lender Agent such amounts as may be necessary to cause the aggregate principal amount outstanding under such Revolving Credit Note the Foreign Currency Loan to be equal to or less than such Note's the Maximum Revolving Credit Note Amount; and whenever Total Amount permitted to be outstanding. Whenever the amount outstanding under the Swing Line Note exceeds the Maximum Total Amount permitted to be outstanding under the Swing Line Loan Maximum AmountLoan, the Borrower shall immediately pay to STB Agent such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the Maximum Total Amount permitted to be outstanding under the Swing Line Loan Maximum Amount; andLoan;

Appears in 1 contract

Samples: Credit Agreement (Sofamor Danek Group Inc)

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