Common use of Mandatory Repayments of Loans Clause in Contracts

Mandatory Repayments of Loans. If at any time the sum of the outstanding amount of the Loans exceeds the Total Commitment at such time, then the Borrower shall immediately pay the amount of such excess to the Administrative Agent for the respective accounts of the Lenders. Each prepayment of Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender’s Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion.

Mandatory Repayments of Loans. If at any time the sum of the ----------------------------- outstanding amount of the Loans exceeds the Total Commitment at such timeCommitment, then the Borrower shall immediately pay the amount of such excess to the Administrative Agent for application to the Loans for the respective accounts of the LendersBanks. Each prepayment of Loans shall be allocated among the LendersBanks, in proportion, as nearly as practicable, practicable to the respective unpaid principal amount of each Lender’s Bank's Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion.