Common use of Insufficient Collateral Clause in Contracts

Insufficient Collateral. The Borrowers shall, immediately and without notice or demand of any kind, make such repayments of the Loans to the extent necessary to reduce the amount equal to the sum of (A) the outstanding principal amount of the Revolving Credit Obligations PLUS (B) the outstanding principal amount of the Term Loans PLUS (C) the outstanding principal amount of the Loans made under the Acquisition Subfacility to an amount not to exceed the Borrowing Base.

Appears in 1 contract

Sources: Credit Agreement (Aviation Sales Co)

Insufficient Collateral. The Borrowers Borrower shall, immediately and without notice or demand of any kind, make such repayments of the Loans to the extent necessary to reduce the amount equal to the sum of (A) the outstanding principal amount of the Revolving Credit Obligations PLUS (B) the outstanding principal amount of the Term Loans PLUS (C) the outstanding principal amount of the Loans made under the Acquisition Subfacility to an amount not to exceed the Borrowing Base.outstanding

Appears in 1 contract

Sources: Credit Agreement (Aviation Sales Co)