Revolving Loans and Swing Line Loans. (i) Borrower shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect.
Revolving Loans and Swing Line Loans. (i) If on any date (A) any Revolving Lender’s Revolving Exposure as of such date (after giving effect to any concurrent prepayment of Revolving Loans) would exceed such Revolving Lender’s Revolving Commitment then in effect, (B) the aggregate principal amount of the outstanding Swing Line Loans of any Swing Line Lender as of such date (after giving effect to any concurrent prepayment of the Swing Line Loans) would exceed the Swing Line Commitment of such Swing Line Lender then in effect, (C) any Swing Line Lender’s Revolving Exposure as of such date (after giving effect to any concurrent prepayment of Revolving Loans) would exceed such Swing Line Lender’s Revolving Commitment then in effect or (D) the Total Revolving Exposure as of such date (after giving effect to any concurrent prepayment of the Revolving Loans) would exceed the Total Revolving Commitments then in effect, then the US Borrower shall repay on such date the principal of Swing Line Loans and, after all Swing Line Loans have been repaid in full or if no Swing Line Loans are outstanding, the Borrowers shall repay on such date the principal of Revolving Loans, in each case, in the aggregate amount necessary to eliminate such excess. If, after giving effect to the prepayment of all outstanding Swing Line Loans and all outstanding Revolving Loans, the L/C Obligations of any Lender exceeds such Lender’s Revolving Commitment as then in effect, then the US Borrower shall deposit Cash Collateral in accordance with Section 2.07(m) in an aggregate amount equal to such excess.
(ii) If on any date the Canadian Revolving Exposure (after giving effect to any concurrent prepayment of Canadian Revolving Loans) would exceed $40,000,000, then the Canadian Borrower shall prepay on such date the principal of Canadian Revolving Loans in the aggregate amount necessary to eliminate such excess.
(iii) If on any date the UK Revolving Exposure (after giving effect to any concurrent prepayment of UK Revolving Loans) would exceed $10,000,000, then the UK Borrower shall prepay on such date the principal of UK Revolving Loans in the aggregate amount necessary to eliminate such excess.
Revolving Loans and Swing Line Loans. Any outstanding Revolving Loans and Swing Line Loans shall be paid in full by the Borrower on the Facility Termination Date; provided, however, that nothing in this Section 2.3 shall be construed as limiting or modifying the obligation of the Borrower to repay any or all of the outstanding Revolving Loans at any earlier time in accordance with the terms of this Agreement.
Revolving Loans and Swing Line Loans. No later than 12:00 Noon (local time in the city in which the proceeds of the applicable Revolving Loans or Swing Line Loan (other than Individual Currency Loans) are to be made available in accordance with the terms hereof) on the date specified in each Notice of Borrowing (or no later than 5:00 P.M. (New York City time) on the date specified for the borrowing of each such Swing Line Loan and Revolving Loan in Dollars), each Lender will make available its pro rata portion of the Loans requested to be made on such date (or in the case of Swing Line Loans, the Swing Line Lender shall make available the full amount thereof), in the applicable Currency. All such Loans shall be made available in immediately available funds at the Applicable Payment Office of the Administrative Agent, and the Administrative Agent will make available to the applicable Borrower at such Applicable Payment Office, in the applicable Currency, and in immediately available funds, the aggregate of the amounts so made available by the Lenders prior to 2:30 P.M. (local time in the city in which the proceeds of such Loans are to be made available in accordance with the terms hereof) on such day (or 5:00 P.M. (New York City time) on such day for Swing Line Loans and Revolving Loans in Dollars), in each case to the extent of funds actually received by the Administrative Agent.
Revolving Loans and Swing Line Loans. Borrower shall from time to time prepay first, the Outstanding Swing Line Loans (in any event within 10 Business Days after such Swing Line Loan is made); and second, the Revolving Loans and L/C Borrowings to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect, provided, however, that if such excess is solely as a result of fluctuation in the rate at which Canadian Dollars may be exchanged into Dollars, (i) Borrower shall not be obligated to pay such amount until four (4) Business Days after notice from Administrative Agent and (ii) Borrower shall not be obligated to pay such amount unless such excess is greater than the Dollar Equivalent of an amount equal to 5% of the total Revolving Commitment. If any such excess remains after repayment in full of the aggregate outstanding Revolving Loans, Borrower shall provide Cash Collateral for the L/C Obligations and Outstanding Swing Line Loans in an amount equal to at least 103% of the amount required to eliminate such excess.
Revolving Loans and Swing Line Loans. The applicable Borrower shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans (or cash collateralize or backstop any Letter of Credit to the reasonable satisfaction of the Issuing Bank) to the extent necessary so that (i) the Total Utilization of U.S. Revolving Commitments shall not at any time exceed the U.S. Revolving Commitments then in effect, (ii) the Total Utilization of Foreign Revolving Commitments shall not at any time exceed the Foreign Revolving Commitments then in effect and (iii) the Total Utilization of U.S. Multicurrency Revolving Commitments shall not at any time exceed the U.S. Multicurrency Revolving Commitments then in effect. Notwithstanding the foregoing, (i) mandatory prepayments of Revolving Loans that would otherwise be required pursuant to this Section 2.14(h) solely as a result of fluctuations in Exchange Rates from time to time shall only be required to be made on the last Business Day of each month on the basis of the Exchange Rate in effect on such Business Day and (ii) to the extent Total Utilization of Foreign Revolving Commitments exceeds the Foreign Revolving Commitments solely by reason of a change or fluctuation in exchange rates, no mandatory prepayment shall be required pursuant to this Section 2.14(h) unless the Total Utilization of Foreign Revolving Commitments exceeds 103% of the Foreign Revolving Commitments on the last Business Day of any month.
Revolving Loans and Swing Line Loans. (i) Borrower shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect.
(ii) If for any reason at any time the aggregate 2018 Revolving Exposure exceeds the 2018 Revolving Commitments then in effect, or the aggregate 2020 Revolving Exposure exceeds the 2020 Revolving Commitments then in effect, the Borrower shall immediately prepay Loans and/or cash collateralize the Letter of Credit Usage in an aggregate amount equal to such excess.
Revolving Loans and Swing Line Loans. (i) Borrower shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect. CG&R Draft Last Saved: 02/0620/2013 14:3244 pm 10174795v19 (g) Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Sections 2.14(a) through 2.14(e), Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.
Revolving Loans and Swing Line Loans. The proceeds of the Revolving Loans and Swing Line Loans shall be applied by Company for the issuance of Letters of Credit and for working capital and other general corporate purposes, which may include (i) the making of intercompany loans to any Subsidiary Guarantor in accordance with subsection 7.1(iv), for their own general corporate purposes and (ii) Permitted Acquisitions; PROVIDED that, the proceeds of Revolving Loans and Swing Line Loans applied to finance Permitted Acquisitions shall not at any time exceed $40,000,000, and the proceeds of Revolving Loans and Swing Line Loans applied for any other purpose shall not at any time exceed $30,000,000.
Revolving Loans and Swing Line Loans. Revolving Loans in the amount of $100,000,000 (or the Dollar Equivalent of such amounts in an Alternative Currency) may be drawn on or after the Closing Date to be applied by Borrowers for the purposes set forth in subsections 2.5A(i)-(iii). Thereafter, Revolving Loans and Swing Line Loans shall be applied by Borrowers for working capital requirements and general corporate purposes and, subject to a sublimit of $25,000,000, to issue Letters of Credit.