Common use of no Default exists Clause in Contracts

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 15 contracts

Sources: Credit Agreement (EnLink Midstream, LLC), Credit Agreement (Babcock & Wilcox Co), Credit Agreement (Clarcor Inc.)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 14 contracts

Sources: Credit Agreement (Stonemor Partners Lp), Credit Agreement (DPL Inc), Credit Agreement (Analogic Corp)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.

Appears in 10 contracts

Sources: Revolving Credit Agreement (Equitable Resources Inc /Pa/), Credit Agreement (Health Management Associates Inc), Credit Agreement (Western Gas Resources Inc)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 8 contracts

Sources: Credit Agreement (Helen of Troy LTD), Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (American Financial Group Inc)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares arising from any nonratable increase in the Aggregate Commitments under this Section.

Appears in 4 contracts

Sources: 364 Day Amended and Restated Credit Agreement (Hillenbrand Industries Inc), Credit Agreement (Hillenbrand Industries Inc), Multi Year Credit Agreement (Hillenbrand Industries Inc)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares of the Lenders arising from any nonratable increase in the Commitments under this Section.

Appears in 3 contracts

Sources: Credit Agreement (St Jude Medical Inc), Credit Agreement (St Jude Medical Inc), Credit Agreement (St Jude Medical Inc)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent if necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.

Appears in 3 contracts

Sources: Credit Agreement (QEP Midstream Partners, LP), Credit Agreement (QEP Midstream Partners, LP), Credit Agreement (Qep Resources, Inc.)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.052.16)) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 3 contracts

Sources: Credit Agreement (Industrial Property Trust Inc.), Credit Agreement (Industrial Property Trust Inc.), Credit Agreement (Industrial Property Trust Inc.)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable non-ratable increase in the Commitments under this Section.

Appears in 3 contracts

Sources: Credit Agreement (American Financial Group Inc), Credit Agreement (Helen of Troy LTD), Credit Agreement (American Financial Group Inc)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.053.5) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 2 contracts

Sources: Loan Agreement (Cascade Corp), Credit Agreement (Odyssey Re Holdings Corp)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.

Appears in 2 contracts

Sources: Credit Agreement (Callaway Golf Co /Ca), Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/)

no Default exists. The Borrower shall prepay on a non-ratable basis any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.052.11) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Revolving Credit Percentages of the Revolving Commitments arising from any nonratable increase in the Revolving Commitments under this Section.

Appears in 2 contracts

Sources: Credit Agreement (Great Lakes Dredge & Dock CORP), Credit Agreement (Great Lakes Dredge & Dock CORP)

no Default exists. The Borrower Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 2 contracts

Sources: Credit Agreement (Scottish Re Group LTD), Credit Agreement (Scottish Re Group LTD)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Revolver Percentages or Applicable Term Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 2 contracts

Sources: Credit Agreement (SemGroup Energy Partners, L.P.), Credit Agreement (SemGroup Energy Partners, L.P.)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares arising from any nonratable increase in the Commitments under this SectionSection 2.14.

Appears in 2 contracts

Sources: Five Year Credit Agreement (Albertsons Inc /De/), Credit Agreement (Albertsons Inc /De/)

no Default exists. The Borrower Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Pro Rata Shares of the Lenders arising from any nonratable increase in the Commitments under this Section.

Appears in 1 contract

Sources: Credit Agreement (Libbey Inc)

no Default exists. The Borrower shall prepay with proceeds from the increased Commitments any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Aggregate Commitments under this SectionSection 2.14.

Appears in 1 contract

Sources: Credit Agreement (Integra Lifesciences Holdings Corp)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable non-ratable increase in the Commitments under this Section.

Appears in 1 contract

Sources: Credit Agreement (Encore Wire Corp)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this SectionSection 2.14.

Appears in 1 contract

Sources: Credit Agreement (Torchmark Corp)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.052.16) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments Maximum Credit Amounts under this Section.

Appears in 1 contract

Sources: Credit Agreement (AMERICAN EAGLE ENERGY Corp)

no Default exists. The Borrower Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05[2.19(b)]2.19(b)) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Commitment Percentages arising from any nonratable increase in the Commitments under this SectionSection [2.29]2.29.

Appears in 1 contract

Sources: Credit Agreement (GameStop Corp.)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05hereunder) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages Percentage Interests arising from any nonratable non-ratable increase in the Commitments under this Section.

Appears in 1 contract

Sources: Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD)

no Default exists. The Borrower shall borrow and/or prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 1 contract

Sources: Credit Agreement (Delphi Financial Group Inc/De)

no Default exists. The Borrower shall prepay any Committed of its Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Revolving Commitments under this Section.

Appears in 1 contract

Sources: Credit Agreement (Greenbrier Companies Inc)

no Default exists. The Borrower shall prepay any Committed ------------ Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the ------------ outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.

Appears in 1 contract

Sources: Credit Agreement (Alexander & Baldwin Inc)