Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, that, the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time.
Appears in 2 contracts
Samples: Credit Agreement (SP Plus Corp), Credit Agreement (SP Plus Corp)
Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility or the Borrowing Base at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day five days prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, thathowever, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v2.05(b) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the lesser of the sum of the Borrowing Base and the Revolving Facility at such time.
Appears in 1 contract
Samples: Credit Agreement (Green Plains Inc.)
Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility Aggregate Commitments at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, thathowever, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v2.05(b)(i) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility Aggregate Commitments at such time.
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Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility or the Borrowing Base at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day five days prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, thathowever, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v2.05(b) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the lesser of the sum of the Borrowing Base and the Revolving Facility at such time..
Appears in 1 contract
Samples: Credit Agreement (Green Plains Inc.)
Revolving Outstandings. If for any reason the Total Revolving Outstandings with respect to Revolving Commitments at any time exceed the aggregate Revolving Facility Commitments at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, thathowever, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v2.05(c)(iv) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the aggregate Revolving Facility Commitments at such time.
Appears in 1 contract
Samples: Credit Agreement (Sunpower Corp)
Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day promptly prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excessexcess in any order at the Borrower’s election; provided, thathowever, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time.
Appears in 1 contract
Samples: Credit Agreement (Calix, Inc)
Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility at such time, upon written notice or knowledge thereof, the Borrower Borrowers (other than the Designated Borrower) shall within one (1) Business Day immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, thathowever, that the Borrower Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v2.05(b)(i) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time.
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Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility at such time, upon written notice or knowledge thereof, the Borrower shall within one (1) Business Day prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the CHAR1\1641691v2CHAR1\1779505v1 L/C Obligations in an aggregate amount equal to such excess; provided, that, the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time.
Appears in 1 contract
Samples: Credit Agreement (SP Plus Corp)