Common use of Facility D Loan Mandatory Payments Clause in Contracts

Facility D Loan Mandatory Payments. All Facility D Loans ------------------------------------ hereunder shall be repaid by the Borrowers on the Facility D Maturity Date, unless payable sooner pursuant to the provisions of this Agreement. In the event the aggregate outstanding principal balance of all Facility D Loans exceeds the Bauer Borrowing Base, the Borrowers shall, without not▇▇▇ ▇r demand of any kind, immediately make such repayments of the Facility D Loans or take such other actions as are satisfactory to the Lender as shall be necessary to eliminate such excess. Also, if the Borrowers choose not to convert any Facility D Loan which is a LIBOR Loan to a Prime Loan as provided in Section 2.5, ----------- then such Facility D Loan shall be due and payable as provided therein, all without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower.

Facility D Loan Mandatory Payments. All Facility D Loans ------------------------------------ hereunder shall be repaid by the Borrowers on the Facility D Maturity Date, unless payable sooner pursuant to the provisions of this Agreement. In the event the aggregate outstanding principal balance of all Facility D Loans exceeds the Bauer Borrowing BaseFacility D Loan Availability, the Borrowers shall, without not▇▇▇ ▇r notice or demand of any kind, immediately make such repayments of the Facility D Loans or take such other actions as are satisfactory to the Lender as shall be necessary to eliminate such excess. Also, if the Borrowers choose not to convert any Facility D Loan which is a LIBOR Loan to a Prime Loan as provided in Section 2.52.5(a), ----------- then such Facility D Loan shall be due and payable on the last Business Day of the then existing LIBOR Interest Period or on such earlier date as provided thereinrequired by law, all without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower.