Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the Total Revolving Credit 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 Revolving Credit Lenders for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans; and third, to provide to the Administrative Agent cash collateral for Reimbursement Obligations as contemplated by §5.2(b) and §5.2(c). Each payment of any Unpaid Reimbursement Obligations or prepayment of Revolving Credit Loans shall be allocated among the Revolving Credit Lenders, in proportion, as nearly as practicable, to each Reimbursement Obligation or (as the case may be) the respective unpaid principal amount of each Revolving Credit Lender’s Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, the Borrower shall repay the Revolving Credit Loans in accordance with §4.
Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the Total Commitment at such time, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application: first, to any Unpaid Reimbursement Obligations; second, to the Revolving Credit Loans; and third, to provide to the Agent Cash Collateral for Reimbursement Obligations as contemplated by §4.2(b) and (c). In addition, the Borrower promises to the Agent for the respective accounts of the Banks immediately upon receipt thereof, 100% of the Net Cash Proceeds (a) in excess of $5,000,000 from the sale or other disposition of assets permitted by §10.5.2 (other than the sale of inventory or the licensing of intellectual property in the ordinary course of business consistent with past practice), (b) from any equity issuances permitted hereunder by the Parent Companies, the Borrower or their Subsidiaries; or (c) from debt issuances permitted hereunder by the Parent Companies, the Borrower or their Subsidiaries, pursuant to any public offerings or debt offerings under Rule 144(a) of the Rule and Regulations of the Securities and Exchange Commission, all of which amounts shall be applied in accordance with the preceding sentence of this §3.2. Each payment of any Unpaid Reimbursement Obligations or prepayment of Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to each Reimbursement Obligation or (as the case may be) the respective unpaid principal amount of each Bank’s Revolving Credit Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion.
Mandatory Repayments of Revolving Credit Loans. If at any time the outstanding amount of the Revolving Credit Loans exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Revolving Credit Loans.
Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans exceeds the lesser of (a) the Total Commitment and (b) the Borrowing Base, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Revolving Credit Loans.
Mandatory Repayments of Revolving Credit Loans. If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount, all Unpaid Reimbursement Obligations and the aggregate face amount of all outstanding Bankers' Acceptances exceeds the Total Commitment, then the Domestic Borrowers shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks, the Fronting Bank and the Canadian Fronting Bank for application: first, to any Swing Line Loans outstanding, second, to any Unpaid Reimbursement Obligations; third, to the Revolving Credit Loans; and fourth, to provide to the Agent cash collateral for Reimbursement Obligations as contemplated by ss.4.2(b) and (c) any outstanding Bankers' Acceptances as contemplated by ss.2A. Each payment of any Unpaid Reimbursement Obligations or prepayment of Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to each Reimbursement Obligation or (as the case may be) the respective unpaid principal amount of each Bank's Revolving Credit Note or loan account, as the case may be, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion. In addition, in the event the Company or any of its Subsidiaries receives any (a) Net Cash Sale Proceeds from the sale or other disposition of assets permitted by ss.9.5 or proceeds of insurance claims which have not been either (i) reinvested by the Company or such Subsidiary in assets which are normally used in the ordinary course of business of the Borrowers, including reinvestments in replacement assets or to repair the asset so damaged, as the case may be, within 360 days of receipt by such Person of such proceeds or (ii) subject to a commitment by the Company or such Subsidiary pursuant to any contract to be used to make such a reinvestment, subject only to customary conditions (other than obtaining financing), on or prior to the 270th day following the Company's or such Subsidiary's receipt of the claimed amount and the claimed amounts contractually committed are so applied within 360 days following receipt of such amounts or (b) Net Cash Proceeds from any Equity Issuances by the Company or its Subsidiaries after the Closing Date (except for Net Cash Proceeds received by the Company from Equity Issuances by the Company (i) made in connection with its Stock Option Plan up to a maximum aggregate amount of not more than $4,000,000 or to members of the Company's mana...
Mandatory Repayments of Revolving Credit Loans. (a) If at any time the sum of the outstanding amount of the Revolving Credit Loans, the Maximum Drawing Amount and all Unpaid Reimbursement Obligations exceeds the lesser of (i) the Total Commitment and (ii) the Borrowing Base, then the Borrower shall immediately repay the amount of such excess to the Agent for application in accordance with subparagraph (c) hereof.
Mandatory Repayments of Revolving Credit Loans. The Borrower shall immediately repay the outstanding Revolving Credit Loans as required by and in accordance with the provisions of Sections 5.8 and 5.9(b) hereof.
Mandatory Repayments of Revolving Credit Loans. The Borrower shall pay, and there shall become due and payable, as a prepayment in respect of the Obligations the following:
Mandatory Repayments of Revolving Credit Loans. 22 3.3. OPTIONAL REPAYMENTS OF REVOLVING CREDIT LOANS........................................23 4.
Mandatory Repayments of Revolving Credit Loans. If at any time and for any reason the outstanding aggregate amount of the Revolving Credit Loans exceeds the Total Commitment, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks in accordance with their respective Commitment Percentages for application to such excess.