Common use of Additional Amounts Payable by the Company Clause in Contracts

Additional Amounts Payable by the Company. Notwithstanding any other provision of this Agreement, the Company shall make payments or cause payments to be made at such times and in such amounts as will enable the Authority to meet all of its obligations under this Agreement, the Bonds and the Indenture, including any payment required to be made to the Rebate Fund under the Indenture or to any other funds under the Indenture and any payment due on any acceleration of the Bonds’ maturity pursuant to the terms thereof, the fees and expenses and indemnity of the Authority required to be made pursuant hereto and the fees and expenses and indemnity of the Trustee required to be made pursuant to the Indenture (excluding any indemnity that Bondholders are required to post for remedial action). Accordingly, the Company agrees (but such agreement shall not limit the generality of the preceding sentence) that if any additional amounts become payable by the Authority to the Owners of the Bonds pursuant to the terms of the Indenture then additional amounts shall be due and payable by the Company as loan repayments to the Authority hereunder equal to any additional amounts that may be so payable by the Authority, whether before or after payment of principal on the Bonds, all of which amounts shall be paid by the Company on the date that the comparable amounts are due by the Authority to the Owners of the Bonds. In addition, the Company’s obligation to make loan repayments shall survive any termination of this Agreement for so long as any Bonds are outstanding under the Indenture.

Appears in 5 contracts

Samples: Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc)

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Additional Amounts Payable by the Company. Notwithstanding any other provision of this Agreement, the Company shall make payments or cause payments to be made at such times and in such amounts as will enable the Authority Issuer to meet all of its obligations under this Agreement, the Bonds and the Indenture, including any payment required to be made to the Rebate Fund under the Indenture or to any other funds under the Indenture and any payment due on any acceleration of the Bonds’ maturity pursuant to the terms thereof, the fees and expenses and indemnity of the Authority Issuer required to be made pursuant hereto and the fees and expenses and indemnity of the Trustee required to be made pursuant to the Indenture (excluding any indemnity that Bondholders are required to post for remedial action). Accordingly, the Company agrees (but such agreement shall not limit the generality of the preceding sentence) that if any additional amounts become payable by the Authority Issuer to the Owners of the Bonds pursuant to the terms of the Indenture then additional amounts shall be due and payable by the Company as loan repayments to the Authority Issuer hereunder equal to any additional amounts that may be so payable by the AuthorityIssuer, whether before or after payment of principal on the Bonds, all of which amounts shall be paid by the Company on the date that the comparable amounts are due by the Authority Issuer to the Owners of the Bonds. In addition, the Company’s obligation to make loan repayments shall survive any termination of this Agreement for so long as any Bonds are outstanding under the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Agl Resources Inc)

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