Domestic Borrowing Base. If for any reason 100% of the Total Domestic Revolving A Outstandings plus the outstanding amount of the Term LoanLoans plus the outstanding amount of the Incremental Term Loan at any time exceed the Domestic Borrowing Base, PRA shall immediately prepay, at its option, the Term LoanLoans, Incremental Term Loan, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that PRA shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment in full of the Term Loan, Incremental Term Loan and the Domestic Revolving A Loans, the L/C Obligations exceed the Domestic Borrowing Base.
Appears in 1 contract
Samples: Credit Agreement (Pra Group Inc)
Domestic Borrowing Base. If for any reason 100% of the Total Domestic Revolving A Outstandings plus the Multi Currency Revolving Outstandings plus the outstanding amount of the Term LoanLoans Loans plus the outstanding amount of the Incremental Term Loan at any time exceed the Domestic Borrowing Base, PRA shall immediately prepay, at its option, the Term LoanLoansLoans, Incremental Term Loan, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that PRA shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment in full of the Term Loan, Incremental Term Loan Loan, Multi Currency Revolving Loans and the Domestic Revolving A Loans, the L/C Obligations exceed the Domestic Borrowing Base.
Appears in 1 contract
Samples: Credit Agreement (Pra Group Inc)
Domestic Borrowing Base. If for any reason 100105% of the Total Multi Currency Revolving B Outstandings plus the Domestic Revolving A Outstandings plus the outstanding amount of the Term LoanLoans Loan plus the outstanding amount of the Incremental Term Loan Loans at any time exceed the Domestic Borrowing Base, PRA shall immediately prepay, at its option, the Term LoanLoansLoan, Incremental Term Loan, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that PRA shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment in full of the Term Loan, Incremental Term Loan and the Loan, Domestic Revolving A Loans and the Multi Currency Revolving B Loans, the L/C Obligations exceed the Domestic Borrowing Base.
Appears in 1 contract
Samples: Credit Agreement (Portfolio Recovery Associates Inc)
Domestic Borrowing Base. If for any reason 100% of the Total Domestic Revolving A Outstandings plus the outstanding amount of the Term LoanLoans Loans plus the outstanding amount of the Incremental Term Loan at any time exceed the Domestic Borrowing Base, PRA shall immediately prepay, at its option, the Term LoanLoansLoans, Incremental Term Loan, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that PRA shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment in full of the Term Loan, Incremental Term Loan and the Domestic Revolving A Loans, the L/C Obligations exceed the Domestic Borrowing Base.
Appears in 1 contract
Samples: Credit Agreement (Pra Group Inc)