Common use of Revolving Outstandings Clause in Contracts

Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Credit Commitments at such time, the Revolving Borrowers shall immediately prepay Revolving Credit Loans, Swing Line Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than the L/C Borrowings) in an aggregate amount equal to such excess.

Appears in 3 contracts

Samples: Credit Agreement (C&J Energy Services Ltd.), Credit Agreement (C&J Energy Services Ltd.), Credit Agreement (C&J Energy Services Ltd.)

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Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Credit Commitments Facility at such time, the Revolving Borrowers shall immediately prepay Revolving Credit Loans, Swing Line Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations (other than the L/C Borrowings) in an aggregate amount equal to such excess.

Appears in 2 contracts

Samples: Credit Agreement (Chase Corp), Credit Agreement (Chase Corp)

Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Credit Commitments Facility at such time, the Revolving Borrowers shall immediately prepay Revolving Credit Loans, Swing Line Swingline Loans and L/C Borrowings and/or Cash Collateralize Collaterize the L/C Obligations (other than the L/C Borrowingstogether with all accrued but unpaid interest thereon) in an aggregate amount equal to such excess.

Appears in 2 contracts

Samples: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.)

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Revolving Outstandings. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Credit Commitments Facility at such time, the Revolving Borrowers Chase Borrower shall immediately prepay Revolving Credit Loans, Swing Line Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations (other than the L/C Borrowings) in an aggregate amount equal to such excess.

Appears in 1 contract

Samples: Credit Agreement (Chase Corp)

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