Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
Appears in 13 contracts
Samples: Credit Agreement (Supreme Industries Inc), Credit Agreement (Synaptics Inc), Credit Agreement (Switch, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the BorrowerBorrowers.
Appears in 6 contracts
Samples: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b4.5(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b4.5(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
Appears in 4 contracts
Samples: Credit Agreement (Aci Worldwide, Inc.), Credit Agreement (Fidelity National Financial, Inc.), Credit Agreement (Aci Worldwide, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of the Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
Appears in 3 contracts
Samples: Credit Agreement (Wingstop Inc.), Credit Agreement (KMG Chemicals Inc), Credit Agreement (Boot Barn Holdings, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b2.5(d), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b2.5(d) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Commitment under the Revolving Credit CommitmentFacilities, with remaining proceeds, if any, refunded to the Parent Borrower.
Appears in 3 contracts
Samples: Credit Agreement (Brinks Co), Credit Agreement (Brinks Co), Credit Agreement (Brinks Co)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of the Term Loan Facility pursuant to Section 4.4(b3A.5(b), the amount of such excess proceeds shall be used applied on the date of the required prepayment under Section 4.4(b3A.5(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the BorrowerCommitments.
Appears in 2 contracts
Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b4.5(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b4.5(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the BorrowerBorrowers.
Appears in 2 contracts
Samples: Credit Agreement (Aci Worldwide, Inc.), Credit Agreement (Aci Worldwide, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of the Term Loan Facility Facilities pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
Appears in 2 contracts
Samples: Credit Agreement (Alon Brands, Inc.), Credit Agreement (Alon USA Energy, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the any prepayments of the Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
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Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of the Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) applied to prepay the outstanding principal amount of the Revolving Credit LoansLoans in accordance with Section 4.4(b), without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded remitted to the Borrower.
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Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments prepayment of the Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without with a corresponding reduction of the Revolving Credit CommitmentCommitments in the amount of such prepayment, with remaining proceeds, if any, refunded to the Borrowerbe applied in accordance with Section 3.11.
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Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility Loans pursuant to clause (v) of Section 4.4(b), the amount of such excess proceeds shall be used on the date of the such required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
Appears in 1 contract
Samples: Credit Agreement (Us Ecology, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility Revolving Credit Outstandings pursuant to Section 4.4(b2.4(b)(ii), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b2.4(b)(ii) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of Term Loans in the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrowermanner set forth in Section 2.4(b)(ii).
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Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
Appears in 1 contract
Samples: Credit Agreement (PAS, Inc.)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility Loans pursuant to Section 4.4(b4.5(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b4.5(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the BorrowerCommitments.
Appears in 1 contract
Samples: Credit Agreement (Hickory Tech Corp)
Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments prepayment of the Term Loan Facility pursuant to Section 4.4(b) and the prepayment of Revolving Credit Loans pursuant to Section 2.4(d), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay Cash Collateralize the outstanding principal amount of the Revolving Credit LoansL/C Obligations, without with a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to Commitments in the Borroweramount of such Cash Collateral.
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Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility and Revolving Loans pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.
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Prepayment of Excess Proceeds. In the event proceeds remain after the prepayments of Term Loan Facility pursuant to Section 4.4(b), the amount of such excess proceeds shall be used on the date of the required prepayment under Section 4.4(b) to prepay the outstanding principal amount of the Revolving Credit Loans, without a corresponding reduction of the Revolving Credit Commitment, with remaining proceeds, if any, refunded to the Borrower.Borrowers. 61 146960219_6
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