Common use of Repayment and Mandatory Prepayment Clause in Contracts

Repayment and Mandatory Prepayment. The unpaid principal amount of all Advances, together with all accrued and unpaid interest thereon, shall be due and payable on the Termination Date. If at any time the aggregate unpaid principal balance of the Revolving Notes exceeds the Aggregate Revolving Commitment Amounts, the Borrower shall immediately repay to the Agent for the account of the Banks the amount of such excess. Any such payments shall be applied first against Base Rate Advances and then to Eurodollar Rate Advances in order starting with the Eurodollar Rate Advances having the shortest time to the end of the applicable Interest Period.

Repayment and Mandatory Prepayment. The unpaid principal amount of all Advances, together with all accrued and unpaid interest thereon, shall be due and payable on the Termination Date. If at any time the aggregate unpaid principal balance of the Revolving Notes Note exceeds the Aggregate Revolving Commitment AmountsAmount, the Borrower shall immediately repay to the Agent for the account of the Banks Bank the amount of such excess. Any such payments shall be applied first against Base Reference Rate Advances and Floating Eurodollar Rate Advances and then to Fixed Eurodollar Rate Advances in order starting with the Fixed Eurodollar Rate Advances having the shortest time to the end of the applicable Interest Period.