Common use of Exceeding Current Commitment Clause in Contracts

Exceeding Current Commitment. Subject to Section 2.04(c) hereof, if at any time the Current Commitment is less than the aggregate unpaid principal amount of the Revolving Loans then outstanding plus the Letter of Credit Exposure at such time, the Borrower shall prepay an amount of the Revolving Loans not less than the amount of such difference or, if the Revolving Loans then outstanding are less than the amount of such difference, provide cash collateral, or other collateral acceptable to the Agent in its sole discretion, to the Agent in an amount equal to 105% of such excess, which cash collateral shall be deposited and held in the Letter of Credit Cash Collateral Account until such time as such excess no longer exists. Any such prepayment will not otherwise reduce the Revolving Credit Commitments of the Lenders. Concurrently with any notice of reduction of the Revolving Credit Commitments of the Lenders, the Borrower shall give notice to the Agent of any mandatory prepayment which notice shall specify a prepayment date no later than the effective date of such reduction of the Revolving Credit Commitments of the Lenders.

Exceeding Current Commitment. Subject to Section 2.04(c) hereof, if If at any time the Current Commitment is less than the aggregate unpaid principal amount of the Revolving Credit Loans then outstanding plus the Letter of Credit Exposure at such time, the Borrower Borrowers shall prepay an amount of the Revolving Credit Loans not less than the amount of such difference or, if the Revolving Credit Loans then outstanding are less than the amount of such difference, provide cash collateral, or other collateral acceptable to the Administrative Agent in its sole discretion, to the Administrative Agent in an amount equal to 105% of such excess, which cash collateral shall be deposited and held in the Letter of Credit Cash Collateral Account until such time as such excess no longer exists. Any such prepayment will not otherwise reduce the Revolving Credit Commitments of the Lenders. Concurrently with any notice of reduction of the Revolving Credit Commitments of the Lenders, the Borrower Borrowers shall give notice to the Administrative Agent of any mandatory prepayment which notice shall specify a prepayment date no later than the effective date of such reduction of the Revolving Credit Commitments of the Lenders.

Exceeding Current Commitment. Subject to Section 2.04(c) hereof, if If at any time the Current Commitment is less than the aggregate unpaid principal amount of the Revolving Loans then outstanding plus the Letter of Credit Exposure at such time, the Borrower shall prepay an amount of the Revolving Loans not less than the amount of such difference or, if the Revolving Loans then outstanding are less than the amount of such difference, provide cash collateral, or other collateral acceptable to the Administrative Agent in its sole discretion, to the Administrative Agent in an amount equal to 105% of such excess, which cash collateral shall be deposited and held in the Letter of Credit Cash Collateral Account until such time as such excess no longer exists. Any such prepayment will not otherwise reduce the Revolving Credit Commitments of the Lenders. Concurrently with any notice of reduction of the Revolving Credit Commitments of the Lenders, the Borrower shall give notice to the Administrative Agent of any mandatory prepayment which notice shall specify a prepayment date no later than the effective date of such reduction of the Revolving Credit Commitments of the Lenders.

Exceeding Current Commitment. Subject to Section 2.04(c) hereof, if at any time the Current Commitment is less than the aggregate unpaid principal amount of the Revolving Loans then outstanding plus PLUS the Letter of Credit Exposure at such time, the Borrower shall prepay an amount of the Revolving Loans not less than the amount of such difference or, if the Revolving Loans then outstanding are less than the amount of such difference, provide cash collateral, or other collateral acceptable to the Agent in its sole discretion, to the Agent in an amount equal to 105% of such excess, which cash collateral shall be deposited and held in the Letter of Credit Cash Collateral Account until such time as such excess no longer exists. Any such prepayment will not otherwise reduce the Revolving Credit Commitments of the Lenders. Concurrently with any notice of reduction of the Revolving Credit Commitments of the Lenders, the Borrower shall give notice to the Agent of any mandatory prepayment which notice shall specify a prepayment date no later than the effective date of such reduction of the Revolving Credit Commitments of the Lenders.

Exceeding Current Commitment. Subject to Section 2.04(c) hereof, if If at any time either the Borrowing Base or the Current Commitment is less than the aggregate unpaid principal amount of the Revolving Loans then outstanding plus the Letter of Credit Exposure at such time, the Borrower Borrowers shall prepay an amount of the Revolving Loans not less than the amount of such difference or, if the Revolving Loans then outstanding are less than the amount of such difference, provide cash collateral, or other collateral acceptable to the Agent in its sole discretion, to the Agent in an amount equal to one hundred and five percent (105% %) of such excess, which cash collateral shall be deposited and held in the Letter of Credit Cash Collateral Account until such time as such excess no longer exists. Any such prepayment will not otherwise reduce the Revolving Credit Commitments of the Lenders. Concurrently with any notice of reduction of the Revolving Credit Commitments of the LendersLenders as set forth in Section 2.04(a), the Borrower Borrowers shall give notice to the Agent of any mandatory prepayment which notice shall specify a prepayment date no later than the effective date of such reduction of the Revolving Credit Commitments of the Lenders.