Common use of Revolving Committed Amount Clause in Contracts

Revolving Committed Amount. If at any time (A) the sum of the aggregate amount of the outstanding Revolving Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall exceed the Revolving Committed Amount, (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC committed Amount or (C) the aggregate amount of Swingline Loans outstanding shall exceed the Swingline Committed Amount, the Borrower shall immediately make payment on the Loans and/or cash collateralize the LOC Obligations in an amount sufficient to eliminate such excess.

Appears in 2 contracts

Samples: Credit Agreement (Tractor Supply Co /De/), Credit Agreement (Tractor Supply Co /De/)

AutoNDA by SimpleDocs

Revolving Committed Amount. If at any time time, (A) the sum of the aggregate principal amount of the outstanding Revolving Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall exceed the Aggregate Revolving Committed Amount, (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC committed Committed Amount or (C) the aggregate principal amount of Swingline Loans outstanding shall exceed the Swingline Committed Amount, the Borrower shall immediately make payment on the Revolving Loans, on the Swingline Loans and/or to a cash collateralize collateral account in respect of the LOC Obligations Obligations, in an amount sufficient to eliminate such the excess.

Appears in 1 contract

Samples: Credit Agreement (Advance America, Cash Advance Centers, Inc.)

Revolving Committed Amount. If at any time time, (A) the sum of the aggregate principal amount of the outstanding Revolving Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall exceed the Aggregate Revolving Committed Amount, (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC committed Amount Committed Amount, or (C) the aggregate amount of Swingline Loans outstanding shall exceed the Swingline Committed Amount, the Borrower shall immediately make payment on the Revolving Loans, the Swingline Loans and/or to a cash collateralize collateral account in respect of the LOC Obligations Obligations, in an amount sufficient to eliminate such the excess.

Appears in 1 contract

Samples: Credit Agreement (C&d Technologies Inc)

Revolving Committed Amount. If at any time (A) after the Closing Date, the sum of the aggregate principal amount of the outstanding Revolving Loans plus the aggregate amount of principal of outstanding Swingline Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall exceed the Revolving Committed Amount, lesser of (A) the Borrowing Base and (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC committed Revolving Committed Amount or (C) the aggregate amount of Swingline Loans outstanding shall exceed the Swingline Committed Amountthen in effect, the Borrower immediately shall immediately make payment on prepay the Revolving Loans and/or and (after all Revolving Loans have been repaid) cash collateralize the LOC Obligations Obligations, in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Right Management Consultants Inc)

AutoNDA by SimpleDocs

Revolving Committed Amount. If at any time (A) the sum of the aggregate amount of the outstanding Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding plus the aggregate amount of Swingline Loans outstanding shall exceed the Revolving Committed Amount, (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC committed Committed Amount or (C) the aggregate amount of Swingline Loans outstanding shall exceed the Swingline Committed Amount, the Borrower shall immediately make payment on the Loans and/or to a cash collateralize collateral account in respect of the LOC Obligations in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!