Common use of Aggregate Commitments Clause in Contracts

Aggregate Commitments. If at any time (as determined by the Administrative Agent under Section 2.4(b)(v)), and for any reason, the aggregate outstanding principal Dollar Amount of all Revolving Credit Loans exceeds the Aggregate Commitment less the sum of the Dollar Amount of the L/C Obligations and the aggregate outstanding principal amount of the Swingline Loans, the applicable Borrower or Borrowers shall (A) if (and to the extent) necessary to eliminate such excess, immediately repay outstanding Revolving Credit Loans that are Base Rate Loans, if any, by the Dollar Amount of such excess (and/or reduce any pending request for a Base Rate Loan on such day by the Dollar Amount of such excess), and (B) if (and to the extent) necessary to eliminate such excess, immediately repay LIBOR Rate Loans (and/or reduce any pending requests for a borrowing or continuation or conversion of such Loans submitted in respect of such Loans on such day) by the Dollar Amount of such excess.