Mandatory Repayment Sample Clauses

Mandatory Repayment. If the Borrower requests a Syndicated Advance and the Swing Line Lender's Rateable Portion of such Syndicated Advance would cause its Rateable Portion of all Syndicated Advances then outstanding together with the Aggregate Principal Amount of all Swing Line Loans to exceed the Swing Line Lender's Individual Commitment Amount, then the Borrower shall be required to repay such Swing Line Loans (or to Convert some into a Syndicated Advance in accordance with Section 3.9(h)) to the extent of such excess on or before the requested date of such Syndicated Advance.

Mandatory Repayment. (a) The Revolving Credit Facility Commitments shall automatically terminate on the Final Revolving Commitment Termination Date, and each Loan shall be repayable as provided in Section 2.3(a)(ii) hereof. Notwithstanding the foregoing, at the request of Borrower, any Letters of Credit that are outstanding on the Final Revolving Commitment Termination Date shall be renewed through the Final Payment Date that is applicable to Revolving Loans. On the Final Payment Date that is applicable to Revolving Loans, the entire outstanding principal balance of the Loans, all interest that has accrued and remains unpaid thereon, all contingent reimbursement obligations of Borrower with respect to outstanding Letters of Credit, all unpaid fees, costs, or expenses that are payable hereunder or under any other Loan Document, and all other Obligations (including any amounts due and payable to any Bank Product Provider in respect of all Bank Products provided by such Bank Product Provider) immediately shall each become due and payable in full, without notice or demand (including (a) either (i) providing cash collateral to be held by Agent, for the benefit of the Lenders, in an amount equal to 105% of the Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Issuing Bank, and (b) providing cash collateral (in an amount determined by Lender as sufficient to satisfy the reasonably estimated credit exposure) to be held by Agent for the benefit of the Bank Product Providers with respect to the Bank Product Obligations). (b) Borrower shall make repayments of Revolving Loans to the extent required by Section 2.1(c), which repayments shall be applied, first, to the outstanding principal amount of the Revolving Loans, until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to 105% of the then extant Letter of Credit Usage, until paid in full. (c) If, at any time, (A) the Revolving Credit Facility Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrower to Agent, or (y) the Maximum Revolver Amount, then Borrower shall immediately prepay the Obligations in accordance with Section 2.3(a)(ii) in an aggregate amount equal to the amount of such excess.

Mandatory Repayment. The aggregate principal amount of the Loans outstanding on the Maturity Date, together with accrued but unpaid interest thereon, shall be due and payable in full on the Maturity Date.

Mandatory Repayment. Upon the occurrence of a Change in Control, the Revolving Commitment (or any part thereof, as elected by the Requisite Lenders) shall be terminated, and all outstanding Loans (or any part thereof, as elected by the Requisite Lenders) shall be repaid in full, together with all accrued interest thereon and any breakage fees as set forth in Section 2.6.5.

Mandatory Repayment. The outstanding principal amount of the Loans and all accrued but unpaid interest and other amounts payable with respect to the Loans shall be repaid on the Termination Date.

Mandatory Repayment. (a) To the extent that on any Interest Payment Date or Payment Date, the Available Amount exceeds the scheduled principal payment amount and/or interest payment amount (including, without limitation, accrued Interest Deficiency Amounts) due and owing on such date, such excess Available Amount shall be used to prepay this Note, in whole, if sufficient, or otherwise in part, without premium or penalty. (b) In addition, in the event that (i) Maker, Questron Technology or QOC consummates (i) a registered public offering of equity securities after the date hereof (an "Offering"), and (ii) Maker, Questron Technology or QOC consummates a public or Rule 144A or Regulation D (or their respective successors) private offering of debt securities after the date hereof for the purpose of acquiring assets or refinancing indebtedness and "excess proceeds" are realized therefrom (a "Debt Offering"), Maker shall apply, and Questron Technology shall cause to be applied, the net proceeds from such Offering or "excess proceeds" from such Debt Offering, as the case may be, to prepay, in whole, if sufficient , or otherwise in part, outstanding principal and accrued and unpaid interest under this Note, without penalty or premium. As used herein "excess proceeds", means the net proceeds to the applicable company after the application of proceeds in connection with any acquisition(s) or refinancing, and the payment of related transaction costs. Any partial prepayments of principal shall be applied to installments of principal in the order of their maturity.

Mandatory Repayment. If at any time the Aggregate Revolving Credit Obligations exceeds the Revolving Loan Commitment, as reduced pursuant to Section 2.6 or otherwise, the Borrower shall immediately repay the Swing Loans and the Revolving Loans in an amount equal to such excess, together with all accrued interest on such excess amount and any amounts due under Section 2.10. Each prepayment shall be applied as follows: first, to the Swing Loans to the full extent thereof; second, to the Base Rate Loans to the full extent thereof; and third, to the Eurodollar Loans to the full extent thereof. If, after giving effect to prepayment of all Swing Loans and Revolving Loans, the Aggregate Revolving Credit Obligations exceeds the Revolving Loan Commitment, the Borrower shall Cash Collateralize its reimbursement obligations with respect to all Letters of Credit in an amount equal to such excess plus any accrued fees thereon.

Mandatory Repayment. (a) The Revolver Commitments, including any commitment to issue any Letter of Credit, shall terminate on the Maturity Date and all Loans, all interest that has accrued and remains unpaid thereon, all contingent reimbursement obligations of Borrower with respect to outstanding Letters of Credit, all unpaid fees, costs, or expenses that are payable hereunder or under any other Loan Document, and all other Obligations immediately shall be due and payable in full, without notice or demand (including either (i) providing cash collateral to be held by Agent in an amount equal to 102% of the Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Agent), on the Maturity Date. (i) On the last Business Day of each quarter and, in addition, promptly upon the receipt by the Agent of a Currency Valuation Notice (as defined below), the Agent shall determine the aggregate Revolving Credit Facility Usage and Letter of Credit Usage. For the purpose of this determination, the outstanding principal amount of any Loan or the undrawn amount of any outstanding Letter of Credit that is denominated in any Alternative Currency shall be deemed to be the Dollar Equivalent of the amount in the Alternative Currency of such Loan or Letter of Credit, determined as of such quarterly date or, in the case of a Currency Valuation Notice received by the Agent prior to 11:00 a.m., New York time on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Agent shall promptly notify the Lenders and the Borrower thereof. (i) In the event that, as of the date of such determination, the sum of the then outstanding Revolving Credit Facility Usage and the Letter of Credit Usage exceeds 105% of the then extant amount of the Maximum Revolver Amount, then, and in each such event, promptly upon obtaining notice of such excess (and in any event within three (3) Business Days of obtaining such notice) Borrower shall repay such amount or cash collateralize Letters of Credit as shall be necessary so that the outstanding Revolving Credit Facility Usage and the Letter of Credit Usage does not exceed the then extant amount of the Maximum Revolver Amount. (ii) For purposes hereof, “Currency Valuation Notice” means a notice given by the Required Lenders to the Agent stating that such notice is a “Currency Valuation Notice”...

Mandatory Repayment. The principal amount of this Note together with accrued and unpaid interest thereon shall be immediately due and payable by the Company upon the consummation by the Company of any Change of Control.