Prepayments of Revolving Loans. If for any reason the Total Revolving Outstandings at any time exceed the aggregate Revolving Commitments or Collateral Pool Availability then in effect, the Borrower shall promptly prepay, without premium or penalty, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
Prepayments of Revolving Loans. (i) If, on any date, the aggregate Tranche A Revolving Extensions of Credit exceed the Tranche A Availability at such time, the Borrower or each Local Borrowing Subsidiary (but solely in respect of its applicable Local Loans and Acceptances) shall promptly prepay (without a corresponding reduction in the Tranche A Revolving Commitments) the Tranche A Revolving Loans, the Swingline Loans, the Local Loans, the Acceptances and/or the L/C Obligations, to the Administrative Agent or a Local Fronting Lender, in each case as applicable, and/or Cash Collateralize its obligations, in an aggregate principal amount equal to such excess.
Prepayments of Revolving Loans. Term Loans and Incremental Term Loans shall be applied first to ABR Loans and second to Eurodollar Loans (applied to Eurodollar Loans with Interest Periods in the order in which the respective Interest Periods therefor shall end). Each prepayment of Loans pursuant to this Section 2.11 (other than prepayments of Revolving Loans that are ABR Loans prior to the end of the Revolving Availability Period) shall be accompanied by accrued interest on the principal amount paid to but excluding the date of payment and any amounts payable under Section 2.16 as a result of such prepayment.
Prepayments of Revolving Loans. If for any reason (i) the Total Revolving Outstandings (other than any Overadvances and Protective Advances to the extent permitted hereunder) at any time exceed the Borrowing Base then in effect for at least two consecutive Business Days or (ii) the Total Revolving Outstandings at any time exceed the Revolving Credit Maximum Amount at such time, then in either case Borrowers shall immediately prepay, without premium or penalty, an aggregate amount equal to such excess to be applied to the prepayment of the Revolving Loans and Swingline Loans and, thereafter to the extent of any remaining such excess, to Cash Collateralize the L/C Obligations in an amount equal to such remaining excess.
Prepayments of Revolving Loans from Amounts Transferred ------------------------------------------------------- to BTCo Account. If any amounts are transferred to the BTCo --------------- Account on any Business Day pursuant to the terms of any Blocked Account Agreement, then on such Business Day, if such amounts are transferred to the BTCo Account prior to 12:00 Noon (New York time) on such Business Day, or on the next succeeding Business Day, if such amounts are transferred to the BTCo Account on or after 12:00 Noon (New York time) on such Business Day, Borrower shall prepay the Revolving Loans in an amount equal to the amount transferred to the BTCo Account pursuant to the terms of the applicable Blocked Account Agreement on such Business Day (to the extent such amount relates to payments received in respect of Accounts of Borrower or any of its Subsidiaries) until all Revolving Loans shall have been paid in full.
Prepayments of Revolving Loans. The Parent shall repay or cause the Subsidiary Borrower to repay (i) first, the Supplemental Revolving Loans and second, the Revolving Loans (but shall not be required to reduce the Supplemental Revolving Commitments or the Revolving Commitments, as the case may be) on each Business Day to the extent that funds on deposit in the Concentration Account exceed $15,000,000 and (ii) the Supplemental Revolving Loans and the Revolving Loans as set forth in Section 2.09(b)(iv) above.";
Prepayments of Revolving Loans. (a) The Borrower shall, within one (1) Business Day following the earlier of the delivery of a Borrowing Base Certificate hereof or the day upon which such Borrowing Base Certificate was due, either (i) prepay the Revolving Loans in the amount, if any, by which the Outstanding Amounts of the Revolving Loans on the date of prepayment under this Section 2.03(a) exceeds the Borrowing Base Revolving Loan at such time, together with accrued interest to the date of such prepayment on the amount prepaid, or (ii) pledge and assign to the Bank additional collateral acceptable to the Bank, in the Bank’s sole discretion, and deliver all documentation that the Bank, in its sole discretion, may require in connection with such pledge and assignment and the perfection of a first-priority security interest in such additional collateral, so that, as applicable, the Borrowing Base Revolving Loan, plus the value assigned by the Bank, in its sole discretion, to such additional collateral equals or exceeds the Outstanding Amounts.
Prepayments of Revolving Loans. 26 2.06 Reduction or Termination of Revolving Commitments..................25 2.07
Prepayments of Revolving Loans. ..4 Section 1.08. Procedures for Payment; Evidence of Debt ..........5 Section 1.09. Taxes ...........................................6 Section 1.10. Indemnities........................................6 Section 1.11.
Prepayments of Revolving Loans. The Borrower may, on any Funding Date, prepay any Revolving Loan, in whole or in part, without penalty (except as otherwise provided herein); provided, however, that the Borrower shall provide the Program Manager with at least five Business Days' prior Written Notice (which notice shall be irrevocable) to the extent such reduction shall be more than the greater of (i) $3,000,000 or (ii) 20% of the then aggregate outstanding principal amount of all Revolving Loans. Promptly following receipt of any such notice, the Program Manager shall advise the Lenders of the contents thereof.
