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Common use of Mandatory Payments Clause in Contracts

Mandatory Payments. The Loans shall be subject to mandatory repayment or prepayment, and the Revolving LC Outstandings and Canadian LC Outstandings shall be subject to cash collateralization requirements, in accordance with the following provisions:

Appears in 6 contracts

Sources: Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp)

Related Clauses

  • ▇▇▇▇▇▇▇▇▇ Payments
  • Mandatory Repayments
  • Additional Payments
  • Prepayments Payments Taxes
  • Withholding; No Additional Amounts; Tax Event and Redemption

Parent Clauses

  • Voluntary Scheduled and Mandatory Prepayments of Loans
  • The Terms of the Credit Facility
  • Payment Obligation
  • Amount and Terms of Credit
  • The Credit

Sub-Clauses

  • Loans Exceed the Commitments
  • Revolving Facility Termination Date
  • Certain Proceeds of Indebtedness
  • LC Outstandings Exceed LC Commitment
  • Certain Proceeds of Asset Sales
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