Common use of Commitment Limitations Clause in Contracts

Commitment Limitations. If at any time, (A) the sum of the aggregate principal amount of outstanding Revolving Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall exceed the Revolving Committed Amount, (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC Committed Amount or (C) the aggregate principal amount of outstanding Swingline Loans shall exceed the Swingline Committed Amount, the Borrower shall immediately make payment on the Loans and/or to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate such excess. In addition, the Borrower agrees to prepay any Revolving Loans and Swingline Loans outstanding such that (x) no more than $20,000,000 in Revolving Loans and Swingline Loans shall be outstanding during the period from December 15, 2002 through and including January 15, 2003, (y) no more than $15,000,000 in Revolving Loans and Swingline Loans shall be outstanding during the period from December 15, 2003 through and including January 15, 2004 and (z) no more than $10,000,000 in Revolving Loans and Swingline Loans shall be outstanding during the period from December 15 of 2004, 2005 and 2006, respectively, through and including January 15 of 2005, 2006 and 2007, respectively.

Commitment Limitations. If at any time, (A) the sum of the aggregate principal amount of outstanding Revolving Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall exceed the Revolving Committed Amount, (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC Committed Amount or (C) the aggregate principal amount of outstanding Swingline Loans shall exceed the Swingline Committed Amount, the Borrower shall immediately make payment on the Loans and/or to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate such excess. In addition, the Borrower agrees to prepay any Revolving Loans and Swingline Loans outstanding such that (x) no more than $20,000,000 in Revolving Loans and Swingline Loans shall be outstanding during the period from December 15, 2002 through and including January 15, 2003, (y) no more than $15,000,000 in Revolving Loans and Swingline Loans shall be outstanding during the period from December 15, 2003 through and including January 15, 2004 and (z) no more than $10,000,000 in Revolving Loans and Swingline Loans shall be outstanding during the period periods from December 15 of 2004, 2005 and 2006, respectively, through and including January 15 of 2005, 2006 and 2007, respectively.