Examples of Aggregate Outstandings in a sentence
Upon the terms and subject to the conditions hereof, the Bank agrees to make loans (each a "Revolving Credit Loan" and, collectively, the "Revolving Credit Loans") to the Company pursuant to this Section 2.1 on a revolving basis at any time and from time to time during the Revolving Credit Period, during which Period the Company may borrow, repay and reborrow in accordance with the provisions hereof; provided, that the Aggregate Outstandings shall not at any time exceed the Commitment Amount.
Aggregate Outstandings shall have the meaning assigned to that term in Section 4.10(a).
If, after giving effect to the prepayment of all outstanding Loans, the Aggregate Outstandings exceed the Total Commitment then in effect, the Company shall Cash Collateralize the then Letters of Credit Outstanding in an amount (in the Base Currency) equal to such excess.
If on any date the sum of the outstanding principal amount of Revolving Loans made by Non-Defaulting Lenders, Swingline Loans and Competitive Bid Loans and the aggregate amount of Letter of Credit Outstandings (all the foregoing, collectively, the "Aggregate Outstandings") exceeds the Adjusted Total Commitment as then in effect, the Borrower shall repay on such date the principal of Swingline Loans and, after Swingline Loans have been paid in full, Revolving Loans, in an amount equal to such excess.
If at any time Aggregate Outstandings exceed the Commitment Amount, the Company shall promptly make a prepayment of amounts outstanding hereunder in an amount equal to such excess and accrued, unpaid interest thereon, which prepayment shall be applied by the Bank in a manner that minimizes the payments required under Section 3.7. 3.6. Increased Capital Requirements.