Common use of Commitment Limitations Clause in Contracts

Commitment Limitations. If at any time, (A) the aggregate outstanding amount of Revolving Loans plus Swingline Loans plus LOC Obligations shall exceed the Revolving Committed Amount at such time, (B) the aggregate outstanding amount of Swingline Loans shall exceed the Swingline Committed Amount or (C) the aggregate amount of LOC Obligations shall exceed the LOC Committed Amount, the Company shall immediately make payment on the Revolving Loans, Swingline Loans and/or to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the excess (such prepayment to be applied as set forth in clause (vi) below).

Appears in 2 contracts

Sources: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc)

Commitment Limitations. If at any time, (A) the aggregate outstanding principal amount of Revolving Credit Loans plus Swingline Loans plus LOC Obligations obligations shall exceed the Revolving Committed Amount at such time, (B) the aggregate outstanding amount of Swingline Loans shall exceed the Swingline Committed Amount or (C) the aggregate amount of LOC Obligations shall exceed the LOC Committed Amount, the Company Borrowers shall immediately make payment on the Revolving Credit Loans, Swingline Loans and/or to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate the excess (such prepayment to be applied as set forth in clause (vi) below)excess.

Appears in 1 contract

Sources: Credit Agreement (Hercules Inc)