Common use of Revolving Committed Amount Clause in Contracts

Revolving Committed Amount. If at any time the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations outstanding exceeds the Revolving Committed Amount, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1.

Appears in 5 contracts

Samples: Credit Agreement (Ivex Packaging Corp /De/), Credit Agreement (Varsity Spirit Corporation), Credit Agreement (Riddell Sports Inc)

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Revolving Committed Amount. If at any time the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations outstanding exceeds the Revolving Committed Amount, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary such that the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations outstanding is less than or equal to the Revolving Committed Amount (to be applied as set forth in compliance with Section 2.13.3(c) below).

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Revolving Committed Amount. If at any time the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations outstanding exceeds the lesser of (A) the Revolving Committed AmountAmount minus the Excess Payables or (B) the Borrowing Base minus the Excess Payables, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1.

Appears in 1 contract

Samples: Agreement (Gorges Quik to Fix Foods Inc)

Revolving Committed Amount. If at any time the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations outstanding exceeds the lesser of (x) the Revolving Committed AmountAmount and (y) the Borrowing Base Assets, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Sports & Recreation Inc)

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Revolving Committed Amount. If at any time the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations the aggregate amount of Swingline Loans outstanding exceeds the lesser of (x) the Revolving Committed AmountAmount and (y) the Borrowing Base, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Revolving Committed Amount. If at any time the sum of the aggregate amount of Revolving Loans outstanding plus LOC Obligations outstanding exceeds the Revolving Committed Amount, the Borrower shall immediately make a principal payment to the Administrative Agent in the manner and in an amount necessary to be in compliance with Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Steel Heddle International Inc)

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