Common use of Prepayment Certificate Clause in Contracts

Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a) through 2.12(e), Borrowers shall deliver to Administrative Agent a certificate of an Authorized Representative demonstrating the calculation of the amount required to be prepaid. In the event that Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative demonstrating the derivation of such excess.

Appears in 3 contracts

Samples: Credit Agreement (Pattern Energy Group Inc.), Credit Agreement (Pattern Energy Group Inc.), Credit and Guaranty Agreement (Pattern Energy Group Inc.)

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Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a) through 2.12(eSection 2.10(a), Borrowers shall deliver to Administrative Agent a certificate of an Authorized Representative Officer of any Borrower demonstrating the calculation of the amount required to be prepaidof the applicable Net Asset Sale Proceeds. In the event that Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative Officer of such Borrower demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Collateral Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

Prepayment Certificate. Concurrently with any prepayment of the Revolving Term Loans pursuant to Sections 2.12(a2.10(a) through 2.12(e2.10(c), Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the calculation of the amount required to be prepaidof the applicable net proceeds. In the event that Borrowers Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Borrower shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Exopack Holding Corp), Credit and Guaranty Agreement (Exopack Holding Corp)

Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a2.13(a) through 2.12(e2.13(g), Borrowers Lead Borrower shall deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the calculation of the amount required of the applicable net proceeds and compensation owing to be prepaidLenders, if any, under Section 2.12(b). In the event that Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Lead Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excessLoans, and Borrowers Lead Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the derivation of such excess.

Appears in 2 contracts

Samples: Abl Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a2.27(a) through 2.12(e(f), Borrowers the Borrower Representative shall deliver to the Administrative Agent a certificate of an Authorized Representative Officer demonstrating the calculation of the amount required to be prepaidof the applicable net proceeds. In the event that Borrowers the Borrower Representative shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers the Revolving Commitments shall promptly make an additional prepayment of the Loans be permanently reduced in an amount equal to such excess, and Borrowers the Borrower Representative shall concurrently therewith deliver to the Administrative Agent a certificate of an Authorized Representative Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Pledge and Security Agreement (Fairmount Santrol Holdings Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a2.11(a) through 2.12(e2.11(d), Borrowers shall deliver to Administrative Agent a certificate of an Authorized Representative demonstrating the calculation of the amount required to be prepaid. In the event that Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers shall promptly make an additional prepayment of the Revolving Loans in an amount equal to such excess, and Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Pattern Energy Group Inc.)

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Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a) through 2.12(e), Borrowers shall deliver to Administrative Agent a certificate of an Authorized Representative demonstrating the calculation of the amount required to be prepaid. In the event that Borrowers shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrowers shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative demonstrating the derivation of such excess.. -63- CREDIT AGREEMENT (PATTERN REVOLVER)

Appears in 1 contract

Samples: Credit Agreement

Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a2.8(b)(i) through 2.12(eor (ii), Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the calculation of the amount required to be prepaidof the applicable net proceeds. In the event that Borrowers Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Possession Credit Agreement (Molycorp, Inc.)

Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans and/or reduction of the Commitments pursuant to Sections Section 2.12(a) through 2.12(e2.12(c), Borrowers Borrower shall deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the calculation of the amount required to be prepaidof the applicable net proceeds. In the event that Borrowers Borrower shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrowers Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrowers Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Representative Officer demonstrating the derivation of such excess.

Appears in 1 contract

Samples: Credit Agreement

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