Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 3 contracts
Sources: Credit Agreement (Alaska Air Group Inc), Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Alaska Air Group Inc)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (BA) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”) or (B) the Maximum Revolver Amount (such excess being referred to as the “Commitment Excess”), then Borrower shall immediately shall, subject to Section 2.5, promptly, but in any event, within 3 Business Days prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the greater of the Borrowing Base Excess and the Commitment Excess.
Appears in 2 contracts
Sources: Credit Agreement (Horizon Lines, Inc.), Credit Agreement (Horizon Lines, Inc.)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower shall immediately promptly, but in any event, within 1 Business Day, prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 2 contracts
Sources: Credit Agreement (Stanadyne Holdings, Inc.), Exim Guarantied Credit Agreement (Stanadyne Holdings, Inc.)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as reflected in the “Borrowing Base Excess”)Certificate most recently delivered by Borrower to Agent, then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excessamount of such excess.
Appears in 2 contracts
Sources: Credit Agreement (Diamond Foods Inc), Credit Agreement (Enphase Energy, Inc.)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as reflected in the “Borrowing Base Excess”)Certificate most recently delivered by Borrowers to Agent, then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excessamount of such excess.
Appears in 2 contracts
Sources: Credit Agreement (School Specialty Inc), Credit Agreement (Accuride Corp)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 2 contracts
Sources: Credit Agreement (Dixie Group Inc), Credit Agreement (Dixie Group Inc)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”)Loan Cap, then Borrower Borrowers shall immediately promptly, but in any event, within one Business Day, prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excessamount of such excess.
Appears in 2 contracts
Sources: Credit Agreement (CVR Energy Inc), Credit Agreement (CVR Partners, Lp)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 2 contracts
Sources: Credit Agreement (Renewable Energy Group, Inc.), Credit Agreement (Supreme Industries Inc)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower shall immediately (or, if a Covenant Enforcement Period is not in existence, within one Business Day) prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Adjusted Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base ExcessExcess (1) so long as a Borrowing Base Excess has not occurred more than two times in the immediately preceding twelve month period, within 3 Business Days and (2) otherwise, immediately.
Appears in 1 contract
Sources: Credit Agreement (Skechers Usa Inc)
Borrowing Base. If, at any time, (A) the sum of the outstanding Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(e)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Sources: Credit Agreement (USA Mobility, Inc)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to Maximum Available Amount, including as the “Borrowing Base Excess”a result of application of Section 2.1(d), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excessamount of such excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately promptly, but in any event within 1 Business Day, prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”)Base, then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excessamount of such excess.
Appears in 1 contract
Sources: Credit Agreement (Power Solutions International, Inc.)
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately promptly, but in any event, within 1 Business Day prepay the Obligations in accordance with Section 2.4(f)(i2.4(g)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “"Borrowing Base Excess”"), then Borrower shall immediately promptly, but in any event, within 1 Business Day (or such later date upon Agent's demand with respect to a Borrowing Base Excess occurring solely as a result of any Protective Advance or intentional Overadvance in accordance with Section 2.3(d)) prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base ExcessExcess Amount”), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “"Borrowing Base Excess”"), then Borrower Borrowers shall immediately within 1 Business Day thereof prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately promptly, but in any event, within 1 Business Day prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “"Borrowing Base Excess”"), then Borrower Borrowers shall immediately within 1 Business Day thereof prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “"Borrowing Base Excess”"), then Borrower Borrowers shall immediately promptly, but in any event, within 1 Business Day prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Borrowing Base. If, at any time, (A) the Adjusted Revolver Usage on such date exceeds (B) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”), then Borrower Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i2.4(f) in an aggregate amount equal to the Borrowing Base Excess.
Appears in 1 contract
Sources: Credit Agreement (Sirva Inc)