Common use of Mandatory Payments Clause in Contracts

Mandatory Payments. The Borrower shall make mandatory payments of principal (together with accrued interest thereon) to the Agent to the extent by which Revolving Facility Usage exceeds at any time the Commitments (as they may be reduced pursuant to Section 2.1. [Voluntary Reduction of Commitment], Section 2.10.2 [Approval by 80% Lenders] or otherwise) within three (3) Business Days after such excess is calculated.

Mandatory Payments. The Borrower shall make mandatory payments of principal (together with accrued interest thereon) to the Agent to the extent by which Revolving Facility Usage exceeds at any time the Commitments (as they may be reduced pursuant to Section 2.1. [(Voluntary Reduction of Commitment]), Section 2.10.2 [2.11.2 (Approval by 80% Lenders] Banks) or otherwise) within three (3) Business Days after such excess is calculated.

Mandatory Payments. The Borrower shall make mandatory payments of principal (together with accrued interest thereon) to the Agent to the extent by which Revolving Facility Usage exceeds at any 41 time the Commitments (as they may be reduced pursuant to Section 2.1. [Voluntary Reduction of Commitment], Section 2.10.2 [Approval by 80% LendersBanks] or otherwise) within three (3) Business Days after such excess is calculated.

Mandatory Payments. The Borrower shall make mandatory payments of principal (together with accrued interest thereon) to the Agent to the extent by which Revolving Facility Usage exceeds at any time the Commitments (as they may be reduced pursuant to Section 2.1. [Voluntary Reduction of Commitment], Section 2.10.2 [Approval by 8066-2/3% Lenders] or otherwise) within three (3) Business Days after such excess is calculated.

Mandatory Payments. The Borrower shall make mandatory payments of principal (together with accrued interest thereon) to the Agent to the extent by which Revolving Facility Usage exceeds at any time the Commitments (as they may be reduced pursuant to Section 2.1. [2.1.4 (Voluntary Reduction of Commitment]), Section 2.10.2 [2.11.2 (Approval by 80% Lenders] Banks) or otherwise) within three (3) Business Days after such excess is calculated.