Common use of no Default exists Clause in Contracts

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.4) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.

Appears in 1 contract

Samples: Credit Agreement (Spherion Corp)

AutoNDA by SimpleDocs

no Default exists. The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.43.05) to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Revolving Pro Rata Shares arising from any nonratable increase in the Revolving Commitments under this Section.

Appears in 1 contract

Samples: Credit Agreement (Carriage Services Inc)

no Default exists. The Borrower shall (x) prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.42.18) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Aggregate Commitments under this SectionSection and (y) pay any accrued and unpaid commitment fee pursuant to Section 2.9(b).

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.43.05) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this SectionSection 2.13.

Appears in 1 contract

Samples: Credit Agreement (Sonic Corp)

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.43.05) to the extent if necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.. H-716717.9

Appears in 1 contract

Samples: Credit Agreement (Questar Market Resources Inc)

AutoNDA by SimpleDocs

no Default exists. The Borrower shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.44.05) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.

Appears in 1 contract

Samples: Day Credit Agreement (Devon Energy Corp/De)

no Default exists. The Borrower Borrowers shall prepay any Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.43.05) to the extent necessary to keep the outstanding Loans ratable with any revised Pro Rata Shares of the Lenders arising from any nonratable increase in the Commitments under this Section.

Appears in 1 contract

Samples: Credit Agreement (Libbey Inc)

no Default exists. The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 4.43.05) to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this SectionSection 2.14.

Appears in 1 contract

Samples: Credit Agreement (Commercial Metals Co)

Time is Money Join Law Insider Premium to draft better contracts faster.