Common use of Mandatory Repayment Clause in Contracts

Mandatory Repayment. The aggregate principal amount ------------------- of the Revolving Loans outstanding on the Maturity Date, together with accrued interest thereon, shall be due and payable in full on the Maturity Date. If at any time the aggregate outstanding Borrowings exceed the Revolving Commitment then in effect, the Borrower shall immediately repay the excess to the Bank without penalty or premium.

Appears in 2 contracts

Samples: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)

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Mandatory Repayment. The aggregate principal amount ------------------- of the ------------------- Revolving Loans outstanding on the Maturity Date, together with accrued interest thereon, shall be due and payable in full on the Maturity Date. If at any time the aggregate outstanding Borrowings exceed the Revolving Commitment then in effect, the Borrower shall immediately repay the excess to the Bank without penalty or premium.

Appears in 2 contracts

Samples: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)

Mandatory Repayment. The aggregate principal amount ------------------- of the Additional Revolving Loans outstanding on the Maturity Date, together with accrued and unpaid interest thereon, shall be due and payable in full on the Maturity Date. If at any time the aggregate outstanding Borrowings Additional Revolving Loans exceed the Additional Revolving Commitment then in effect, the Borrower shall immediately repay the excess to the Bank without penalty or premium.

Appears in 1 contract

Samples: Credit Agreement (Southwest Water Co)

Mandatory Repayment. The aggregate principal amount ------------------- of the Revolving Loans outstanding on the Maturity Date, together with accrued and unpaid interest thereon, shall be due and payable in full on the Maturity Date. If at any time the aggregate outstanding Borrowings Revolving Loans exceed the Revolving Commitment then in effect, the Borrower shall immediately repay the excess to the Bank without penalty or premium.

Appears in 1 contract

Samples: Credit Agreement (Southwest Water Co)

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Mandatory Repayment. The aggregate principal amount ------------------- of the Revolving Loans outstanding on the Maturity Date, together with accrued and unpaid interest thereon, shall be due and payable in full on the Maturity Date. The entire principal balance of the Term Loan, together with accrued and unpaid interest thereon, shall be due and payable in full upon the funding of the anticipated bond offering by NMUI. If at any time the aggregate outstanding Borrowings Revolving Loans exceed the Revolving Commitment then in effect, the Borrower shall immediately repay the excess to the Bank without penalty or premium."

Appears in 1 contract

Samples: Credit Agreement (Southwest Water Co)

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