Revolving Credit Extension Reductions. Until the Revolving Credit Commitment Termination Date, Borrower shall from time to time immediately prepay the Swing Loans and the Revolving Credit Loans (and/or provide cover for Letter of Credit Liabilities as specified in Section 2.10(d)) in such amounts as shall be necessary so that at all times the aggregate outstanding amount of the Revolving Credit Loans, plus the aggregate outstanding amount of Swing Loans, plus the aggregate outstanding Letter of Credit Liabilities shall not exceed the Revolving Credit Commitments as in effect at such time, such amount to be applied, first, to Swing Loans, second, to Revolving Credit Loans outstanding and, third, as cover for Letter of Credit Liabilities outstanding as specified in Section 2.10(d).
Appears in 3 contracts
Samples: Credit Agreement (Pricellular Corp), Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)
Revolving Credit Extension Reductions. Until the Revolving ------------------------------------- Credit Commitment Termination Date, Borrower shall from time to time immediately prepay the Swing Loans and the Revolving Credit Loans (and/or provide cover for Letter of Credit Liabilities as specified in Section 2.10(d)) in such amounts as shall be necessary so that at all times the aggregate outstanding amount of the Revolving Credit Loans, plus the aggregate outstanding amount of Swing Loans, ---- plus the aggregate outstanding Letter of Credit Liabilities shall not exceed the ---- Revolving Credit Commitments as in effect at such time, such amount to be applied, first, to Swing Loans, second, to Revolving Credit Loans outstanding ----- ------ and, third, as cover for Letter of Credit Liabilities outstanding as specified ----- in Section 2.10(d).
Appears in 2 contracts
Samples: Credit Agreement (Tmil Corp), Credit Agreement (Tuesday Morning Corp/De)
Revolving Credit Extension Reductions. Until the Revolving Credit Commitment Termination Date, Borrower and PR Borrower, as applicable, shall from time to time immediately prepay the Swing Loans and the Revolving Credit Loans (and/or provide cover for Letter of Credit Liabilities as specified in Section 2.10(d)) in such amounts as shall be necessary so that at all times the aggregate outstanding amount of the Revolving Credit Loans, plus the aggregate outstanding amount of Swing Loans, plus the aggregate outstanding Letter of Credit Liabilities shall not exceed the Revolving Credit Commitments as in effect at such time, such amount to be applied, first, to the Swing Loans, second, to Revolving Credit Loans outstanding and, third, as cover for Letter of Credit Liabilities outstanding as specified in Section 2.10(d).
Appears in 2 contracts
Samples: Credit Agreement (Centennial Cellular Corp), Reaffirmation Agreement (Centennial Communications Corp /De)
Revolving Credit Extension Reductions. Until the Revolving Credit Commitment Termination Date, Borrower shall from time to time immediately prepay the Swing Loans and the Revolving Credit Loans (and/or provide cover for Letter of Credit Liabilities as specified in Section 2.10(d)) in such amounts as shall be necessary so that at all times the aggregate outstanding amount of the Revolving Credit Loans, plus PLUS the aggregate outstanding amount of Swing Loans, plus PLUS the aggregate outstanding Letter of Credit Liabilities shall not exceed the Revolving Credit Commitments as in effect at such time, such amount to be applied, firstFIRST, to Swing Loans, secondSECOND, to Revolving Credit Loans outstanding and, thirdTHIRD, as cover for Letter of Credit Liabilities outstanding as specified in Section 2.10(d).
Appears in 2 contracts
Samples: Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)
Revolving Credit Extension Reductions. Until the Revolving ------------------------------------- Credit Commitment Termination Date, Borrower shall from time to time immediately prepay the Swing Loans and the Revolving Credit Loans (and/or provide cover for Letter of Credit Liabilities as specified in Section 2.10(d)) in such amounts as shall be necessary so that at all times the aggregate outstanding amount of the Revolving Credit Loans, plus PLUS the aggregate outstanding amount of Swing Loans, plus the aggregate outstanding Letter of Credit Liabilities shall not exceed the ---- Revolving Credit Commitments as in effect at such timeCommitments, such amount to be applied, first, to Swing Loans, ----- second, to Revolving Credit Loans outstanding and, third, as cover for Letter of ------ ----- Credit Liabilities outstanding as specified in Section 2.10(d).
Appears in 1 contract
Samples: Credit Agreement (Krasovec Frank P)