Common use of Mandatory Repayments Clause in Contracts

Mandatory Repayments. 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 3 contracts

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

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Mandatory Repayments. The aggregate principal amount of the Revolving -------------------- Loans outstanding on the Maturity DateDate (including contingent reimbursement obligations under any outstanding L/Cs), 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 premiumBank.

Appears in 2 contracts

Samples: Credit Agreement (Elite Information Group Inc), Credit Agreement (Elite Information Group Inc)

Mandatory Repayments. 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 premiumBank.

Appears in 1 contract

Samples: Credit Agreement (Keystone Automotive Industries Inc)

Mandatory Repayments. 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 principal amount of outstanding Borrowings exceed Revolving Loans exceeds the Revolving Aggregate Commitment then in effect, the Borrower shall immediately repay the excess Revolving Loans in an amount equal to the Bank without penalty or premiumexcess.

Appears in 1 contract

Samples: Credit Agreement (Komag Inc /De/)

Mandatory Repayments. The aggregate principal amount of the -------------------- Revolving -------------------- Loans outstanding on the Maturity Date, together with accrued interest thereonthereon and any other amounts due under this Agreement, shall be due and payable in full on the Maturity Date. If at At any time the sum of the aggregate principal amount of outstanding Borrowings exceed Revolving Loans plus the Letter of Credit Usage exceeds the Revolving Commitment then in effect, the Borrower shall immediately repay the excess Revolving Loans in an amount equal to the Bank without penalty or premiumexcess.

Appears in 1 contract

Samples: Credit Agreement (P Com Inc)

Mandatory Repayments. The aggregate principal amount of the Revolving -------------------- Loans outstanding on the Revolving Maturity Date, together with accrued interest thereon, shall be due and payable in full on the Revolving Maturity Date. If at any time the aggregate outstanding Borrowings under Section 2.1 exceed the least of (x) the Revolving Commitment then in effecteffect or (y) the Borrowing Base, then the Borrower shall immediately repay the excess to the Bank without penalty or premiumAgent for the ratable accounts of the Lenders providing the Revolving Commitment.

Appears in 1 contract

Samples: Credit Agreement (Phase Metrics Inc)

Mandatory Repayments. 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 immediately shall immediately repay the excess to the Bank without penalty or premiumBank.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

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Mandatory Repayments. 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 principal amount of outstanding Borrowings exceed Revolving Loans exceeds the Revolving Commitment then in effect, the Borrower shall immediately repay the excess Revolving Loans in an amount equal to the Bank without penalty or premiumexcess.

Appears in 1 contract

Samples: Credit Agreement (Komag Inc /De/)

Mandatory Repayments. The aggregate principal amount of the Revolving -------------------- Loans Loan outstanding on the Maturity Date, together with accrued interest thereon, and all other Obligations owing hereunder 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 1 contract

Samples: Bridge Loan Agreement (Raser Technologies Inc)

Mandatory Repayments. 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 Obligations exceed the Revolving Commitment then in effect, including, but not limited to, as a result of a permanent reduction in the Revolving Commitment required under Section 2.1(b) hereof, the Borrower shall immediately repay the -------------- excess to the Bank without penalty or premiumAgent for the ratable benefit of the Lender Group.

Appears in 1 contract

Samples: Credit and Security Agreement (Sm&a Corp)

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