Common use of Prepayments Due Clause in Contracts

Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Company shall from time to time prepay first the Swing Line Loans and second the Revolving Loans to the extent necessary (1) so that the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitments then in effect and (2) to give effect to the limitations set forth in clause (b) of the second paragraph of subsection 2.1A(iii) and clause (b) of the second paragraph of subsection 2.1A(iv).

Appears in 1 contract

Sources: Credit Agreement (Houlihans Restaurant Group Inc)

Prepayments Due. to Reductions or Restrictions of Revolving Loan Commitments. Company shall from time to time prepay first the Swing Line Loans and second the Revolving Loans to the extent necessary (1) so that the Total Utilization of Revolving Loan Commitments shall not at any time exceed the Revolving Loan Commitments then in effect and (2) to give effect to the limitations set forth in clause (b) of the second paragraph of subsection 2.1A(iii) and clause (b) of in the second paragraph of subsection 2.1A(iv).

Appears in 1 contract

Sources: Credit Agreement (Arterial Vascular Engineering Inc)