Common use of Required Repayments Clause in Contracts

Required Repayments. In the event that the outstanding principal balance of the Revolving Credit Loan shall at any time exceed Fifty Million and NO/100 Dollars ($50,000,000.00), the Borrower will immediately upon discovery of the existence of such excess borrowings, make a principal payment which will reduce the outstanding principal balance of the Revolving Credit Loan in the amount of such excess.

Required Repayments. In the event that the outstanding principal balance of the Revolving Credit Loan shall at any time exceed Fifty Twenty Five Million and NO/100 Dollars ($50,000,000.0025,000,000.00), the Borrower will immediately upon discovery of the existence of such excess borrowings, make a principal payment which will reduce the outstanding principal balance of the Revolving Credit Loan in the amount of such excess.

Required Repayments. In the event that the outstanding principal balance of the Revolving Credit Loan shall at any time exceed Fifty Twenty Million and NO/100 Dollars ($50,000,000.0020,000,000.00), the Borrower will immediately upon discovery of the existence of such excess borrowings, make a principal payment which will reduce the outstanding principal balance of the Revolving Credit Loan in the amount of such excess.

Required Repayments. In the event that the outstanding principal balance of the Revolving Credit Loan shall at any time exceed Fifty Thirty Million and NO/100 Dollars ($50,000,000.0030,000,000.00), the Borrower will immediately upon discovery of the existence of such excess borrowings, make a principal payment which will reduce the outstanding principal balance of the Revolving Credit Loan in the amount of such excess.

Required Repayments. In the event that the outstanding principal balance of the Revolving Credit Loan shall at any time exceed Fifty Twenty Million and NO/100 Dollars ($50,000,000.0020,000,000.00), the Borrower will immediately upon discovery of the existence of such excess borrowings, make a principal payment which will reduce the outstanding principal balance of the Revolving Credit Loan in the amount of such excess.. - 7 - 3.2