Common use of Revolving Credit Committed Amount Clause in Contracts

Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus Letter of Credit Obligations outstanding shall exceed the amount of the Revolving Credit Borrowing Base, CBI immediately shall prepay, subject to Section 4.8(c), the Revolving Loans, and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 5 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus Letter of Credit Obligations outstanding shall exceed the amount of the Revolving Credit Borrowing BaseBase minus $10,000,000, CBI the Borrower immediately shall prepay, subject to Section 4.8(c), prepay the Revolving Loans, and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 2 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus Letter of Credit Obligations outstanding shall exceed the amount lesser of (A) the Revolving Credit Committed Amount and (B) the Borrowing Base, CBI the Borrowers immediately shall prepay, subject to Section 4.8(c), prepay the Revolving Loans, Loans and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 2 contracts

Samples: Credit Agreement (MST Enterprises Inc), Credit Agreement (Fresh Foods Inc)

Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus Letter of Credit Obligations outstanding shall exceed the amount of the Revolving Credit Borrowing Base, CBI the Borrower immediately shall prepay, subject to Section 4.8(c), the Revolving Loans, and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus PLUS Letter of Credit Obligations outstanding shall exceed the amount lesser of (A) the Revolving Credit Committed Amount and (B) the Revolving Credit Borrowing Base, CBI the Borrowers immediately shall prepay, subject to Section 4.8(c), prepay the Revolving Loans, and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus all Letter of Credit Obligations then outstanding shall exceed the amount lesser of (A) the Revolving Credit Committed Amount and (B) the Borrowing Base, CBI the Borrower immediately shall prepay, subject prepay the Loans (with Swingline Loans to Section 4.8(c), the Revolving Loans, be paid first) and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Industrial Distribution Group Inc)

Revolving Credit Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Revolving Loans plus Letter of Credit Obligations outstanding shall exceed the amount lesser of (A) the Revolving Credit Committed Amount and (B) the Revolving Credit Borrowing Base, CBI the Borrowers immediately shall prepay, subject to Section 4.8(c), prepay the Revolving Loans, and (after all Revolving Loans have been repaid) cash collateralize the Letter of Credit Obligations, in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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