Common use of Mandatory Payment Clause in Contracts

Mandatory Payment. (a) If, at any time, the Revolving Credit Exposure shall exceed the Total Commitment Amount as then in effect, Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Loans sufficient to bring the Revolving Credit Exposure within the Total Commitment Amount. (b) If, at any time, the Swing Line Exposure shall exceed the Swing Line Commitment, Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Swing Loans sufficient to bring the Swing Line Exposure within the Swing Line Commitment. (c) If, at any time, a Prepayment Event occurs, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, apply the Prepayment Proceeds to the Revolving Loans. The Revolving Commitments and the Maximum Commitment Amount shall be permanently reduced by the amount of Prepayment Proceeds allocated thereto, respectively, whether or not there shall be any Revolving Credit Exposure thereunder. (d) Any prepayment of a LIBOR Loan or Swing Loan pursuant to this Section 2.13 shall be subject to the prepayment penalties set forth in Article III hereof.

Mandatory Payment. (a) If, at any time, (a) the Revolving Credit Exposure shall exceed the Total Revolving Commitment Amount as then in effectAmount, the appropriate Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Loans sufficient to bring the Revolving Credit Exposure within the Total Revolving Commitment Amount. , (b) If, at any time, the Swing Line Foreign Borrower Revolving Exposure shall exceed the Swing Line CommitmentForeign Borrower Maximum Revolving Amount, the appropriate Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Swing FB Revolving Loans sufficient to bring the Swing Line Foreign Borrower Revolving Exposure within the Swing Line Commitment. Foreign Borrower Maximum Revolving Amount, or (c) Ifthe amount of any Special Foreign Commitment shall be exceeded, at any time, a Prepayment Event occurs, the Borrower with such Special Foreign Commitment shall, as promptly as practicable, but in no event later than the next Business Day, apply the Prepayment Proceeds to the Revolving Loans. The Revolving Commitments and the Maximum Commitment Amount shall be permanently reduced by the prepay an aggregate principal amount of Prepayment Proceeds allocated thereto, respectively, whether or not there shall the Loans sufficient to cause such Special Foreign Commitment to no longer be any Revolving Credit Exposure thereunder. (d) exceeded. Any prepayment of a LIBOR Loan or Swing Fixed Rate Loan pursuant to this Section 2.13 2.12 shall be subject to the prepayment penalties fees set forth in Article III hereof.

Mandatory Payment. (a) If, at any time, the Revolving Credit Exposure shall exceed the Total Commitment Amount Amount, Borrower shall, as then promptly as practicable, but in effectno event later than the next Business Day, Borrowers prepay an aggregate principal amount of Loans sufficient to bring the aggregate outstanding principal amount of all such Loans within the Total Commitment Amount. (b) If, at any time, the Tranche A Exposure shall exceed the Maximum Tranche A Amount, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of Tranche A Loans sufficient to bring the aggregate outstanding principal amount of all such Tranche A Loans within the Maximum Tranche A Amount (c) If, at any time, the Tranche B Exposure shall exceed the Maximum Tranche B Amount, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Tranche B Loans sufficient to bring the Revolving Credit Exposure within the Total Commitment Amount. (b) If, at any time, the Swing Line Exposure shall exceed the Swing Line Commitment, Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate outstanding principal amount of the Swing all such Tranche B Loans sufficient to bring the Swing Line Exposure within the Swing Line Commitment. (c) If, at any time, a Prepayment Event occurs, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, apply the Prepayment Proceeds to the Revolving Loans. The Revolving Commitments and the Maximum Commitment Amount shall be permanently reduced by the amount of Prepayment Proceeds allocated thereto, respectively, whether or not there shall be any Revolving Credit Exposure thereunderTranche B Amount. (d) Any prepayment of a LIBOR Loan or Swing Fixed Rate Loan pursuant to this Section 2.13 2.8 shall be subject to the prepayment penalties fees set forth in Section 2.4 hereof and, if applicable, Article III hereof.

Mandatory Payment. (a) If, at any time, the Revolving Credit Exposure shall exceed the Total Commitment Amount Amount, Borrower shall, as then promptly as practicable, but in effectno event later than the next Business Day, Borrowers prepay an aggregate principal amount of Loans sufficient to bring the aggregate outstanding principal amount of all such Loans within the Total Commitment Amount. (b) If, at any time, the Tranche A Exposure shall exceed the Maximum Tranche A Amount, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of Tranche A Loans sufficient to bring the aggregate outstanding principal amount of all such Tranche A Loans within the Maximum Tranche A Amount. (c) If, at any time, the Tranche B Exposure shall exceed the Maximum Tranche B Amount, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate principal amount of the Tranche B Loans sufficient to bring the Revolving Credit Exposure within the Total Commitment Amount. (b) If, at any time, the Swing Line Exposure shall exceed the Swing Line Commitment, Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, prepay an aggregate outstanding principal amount of the Swing all such Tranche B Loans sufficient to bring the Swing Line Exposure within the Swing Line Commitment. (c) If, at any time, a Prepayment Event occurs, Borrower shall, as promptly as practicable, but in no event later than the next Business Day, apply the Prepayment Proceeds to the Revolving Loans. The Revolving Commitments and the Maximum Commitment Amount shall be permanently reduced by the amount of Prepayment Proceeds allocated thereto, respectively, whether or not there shall be any Revolving Credit Exposure thereunderTranche B Amount. (d) Any prepayment of a LIBOR Loan or Swing Loan pursuant to this Section 2.13 2.8 shall be subject to the prepayment penalties fees set forth in Section 2.4 hereof and, if applicable, Article III hereof.