Credit Amount Excess definition
Examples of Credit Amount Excess in a sentence
If, at any time, (A) the sum of the outstanding principal balance of the Term Loan on such date plus the Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the sum of the outstanding principal balance of Term Loan A on such date plus the Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the Revolver Usage plus the Letter of Credit Usage plus the unreimbursed amounts in respect of drawn Letters of Credit on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then, within 1 Business Day after receiving notice from Agent of the existence of any Credit Amount Excess, Borrower shall prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the sum of the outstanding Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(e)(i) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the "Credit Amount Excess"), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Credit Amount Excess.
If, at any time, (A) the sum of the outstanding principal balance of the Revolver Usage on such date exceeds (B) the Credit Amount less any reserves established under Section 2.1(c) (such excess being referred to as the “Credit Amount Excess”), then Borrower shall, within 3 Business Days of receiving notice thereof, prepay, without premium or penalty, prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the Credit Amount Excess.