Common use of Mandatory Prepayment Clause in Contracts

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances made plus the L/C Amount shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving such Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.14 or under Section 2.6 2.12 may be applied to the ObligationsObligations of the Borrower, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances plus the Guaranteed Letters of Credit shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment voluntary or mandatory prepayment received by the Lender under this Section 2.8 or under Section 2.6 Agreement may be applied to the ObligationsIndebtedness, in such order and in such amounts as the Lender, Lender in its discretion, sole discretion may determine from time to time determinetime.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower Borrowers shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment voluntary or mandatory prepayment received by the Lender under this Section 2.8 or under Section 2.6 may be applied to the ObligationsIndebtedness, in such order and in such amounts as the Lender, Lender in its discretion, sole discretion may determine from time to time determinetime.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment prepayment received by the Lender under this Section 2.8 or under Section 2.6 Agreement may be applied to the ObligationsIndebtedness, in such order and in such amounts as the Lender, Lender in its discretion, sole discretion may determine from time to time determinetime.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.7 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice noxxxx or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.9 or under Section 2.6 2.7 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum -------------------- of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.7 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.10 or under Section 2.6 2.9 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower Borrowers shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment voluntary or mandatory prepayment received by the Lender under this Section 2.8 or under Section 2.6 Agreement may be applied to the ObligationsIndebtedness, in such order and in such amounts as the Lender, Lender in its discretion, sole discretion may determine from time to time determinetime.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the such Borrower's Borrowing Base, the such Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.9 or under Section 2.6 2.7 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.15 or under Section 2.6 2.14 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 2.7 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the -------------------- outstanding principal balance of the Revolving Advances plus the L/C Amount shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 section or under Section 2.6 the immediately preceding section may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances plus the L/C Amount shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.7 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.13 or under Section 2.6 2.11 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine. Any payment received by the Lender under this Section 2.13 shall be applied to the Obligations under the Revolving Loan.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.10 or under Section 2.6 2.9 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 2.9 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the -------------------- outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower Borrowers shall first, immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment voluntary or mandatory prepayment received by the Lender under this Section 2.8 or under Section 2.6 Agreement may be applied to the ObligationsIndebtedness, in such order and in such amounts as the Lender, Lender in its discretion, sole discretion may determine from time to time determinetime.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the sum of the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing BaseMaximum Line, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 2.10 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the -------------------- outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 2.7 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.

Mandatory Prepayment. Without notice or demand, if the outstanding principal balance of the Revolving Advances shall at any time exceed the Borrowing Base, the Borrower Borrowers shall immediately prepay the Revolving Advances to the extent necessary to eliminate such excess. Any payment received by the Lender under this Section 2.8 or under Section 2.6 may be applied to the Obligations, in such order and in such amounts as the Lender, in its discretion, may from time to time determine.