Common use of Total Commitment Amount Clause in Contracts

Total Commitment Amount. 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.

Appears in 3 contracts

Sources: Credit Agreement (Applied Industrial Technologies Inc), Credit Agreement (Smucker J M Co), Credit Agreement (Applied Industrial Technologies Inc)