Common use of Excess Drawing Clause in Contracts

Excess Drawing. If, at any time, the aggregate outstanding principal amount of the U.S. Revolver Obligations exceeds the lesser of (i) the aggregate U.S. Revolving Credit Commitments, and (ii) the U.S. Revolving Borrowing Base (as most recently determined) (any such date, an “Excess Date” and the amount of any such excess, the “U.S. Revolving Loan Excess”), the Borrower shall promptly thereafter (but in no event later than five Business Days following the Excess Date), make a prepayment in respect of the outstanding amount of the U.S. Revolver Obligations in the amount of the U.S. Revolving Loan Excess; provided that to the extent that such U.S. Revolving Loan Excess results from the Issuance of any Letter of Credit or a change in the Exchange Rate applicable to any Letter of Credit denominated in a Specified Currency, then the Borrower shall promptly thereafter (but in no event later than five Business Days following the Excess Date) provide cash collateral for such Letter of Credit in the manner and to the extent described in Section 2.4(k).

Excess Drawing. Excess Drawing. If, at any time, the aggregate outstanding principal amount of the U.S. Revolver Obligations exceeds the lesser of (i) the aggregate U.S. Revolving Credit Commitments, and (ii) the U.S. Revolving Borrowing Base (as most recently determined) (any such date, an “Excess Date” and the amount of any such excess, the “U.S. Revolving Loan Excess”), the Borrower shall promptly thereafter (but in no event later than five Business Days following the Excess Date), make a prepayment in respect of the outstanding amount of the U.S. Revolver Obligations in the amount of the U.S. Revolving Loan Excess; provided that to the extent that such U.S. Revolving Loan Excess results from the Issuance of any Letter of Credit or a change in the Exchange Rate applicable to any Letter of Credit denominated in a Specified Currency, then the Borrower shall promptly thereafter (but in no event later than five Business Days following the Excess Date) provide cash collateral for such Letter of Credit in the manner and to the extent described in Section 2.4(k).

Excess Drawing. If, at any time, the aggregate outstanding principal amount of the U.S. Revolver Obligations Revolving Loans exceeds the lesser of (i) the aggregate U.S. Revolving Credit Commitments, and (ii) the U.S. Revolving Borrowing Base (as most recently determined) (any such date, an “Excess Date” and the amount of any such excess, the “U.S. Revolving Loan Excess”), the Borrower shall promptly thereafter (but in no event later than five Business Days following the Excess Date), make a prepayment in respect of the outstanding amount of the U.S. Revolver Obligations Revolving Loans in the amount of the U.S. Revolving Loan Excess; provided that to the extent that if such U.S. Revolving Loan Excess results from the Issuance of any Letter of Credit or a change in the Exchange Rate applicable to any Letter of Credit denominated in a Specified CurrencyCredit, then the Borrower shall promptly thereafter (but in no event later than five Business Days following the Excess Date) provide cash collateral for such Letter of Credit in the manner and to the extent described in Section 2.4(k).