Common use of Constitution of Incremental Revolving Facility Clause in Contracts

Constitution of Incremental Revolving Facility. At the time of any provision of Incremental Revolving Facility Commitments pursuant to this Clause 7.2, the Borrower shall, in coordination with the Agent, repay outstanding Revolving Facility Advances of certain of the Revolving Facility Lenders, and incur additional Revolving Facility Advances from certain other Revolving Facility Lenders (including the Incremental Revolving Facility Lenders), in each case to the extent necessary so that all of the Revolving Facility Lenders participate in each Utilisation under the Revolving Facility pro rata on the basis of their respective Revolving Facility Commitments (after giving effect to any increase in the Revolving Facility pursuant to this Clause 7.2 and with the Borrower being obligated to pay to the respective Revolving Facility Lenders any costs of the type referred to in Clause 33 (Borrower’s Indemnities) in connection with any such repayment and/or Utilisation.

Appears in 3 contracts

Samples: Senior Facilities Agreement (Moore Labels Inc), Senior Facilities Agreement (Buhrmann Nv), Conformed Copy (Buhrmann Nv)

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Constitution of Incremental Revolving Facility. At the time of any provision of Incremental Revolving Facility Commitments pursuant to this Clause 7.2, the Borrower relevant Borrowers shall, in coordination with the Agent, repay outstanding Revolving Facility Advances of certain of the Revolving Facility Lenders, and incur additional Revolving Facility Advances from certain other Revolving Facility Lenders (including the Incremental Revolving Facility Lenders), in each case to the extent necessary so that all of the Revolving Facility Lenders participate in each Utilisation under the Revolving Facility pro rata on the basis of their respective Revolving Facility Commitments (after giving effect to any increase in the Revolving Facility pursuant to this Clause 7.2 and with the Borrower such Borrowers being obligated to pay to the respective Revolving Facility Lenders any costs of the type referred to in Clause 33 (Borrower’s Indemnities) in connection with any such repayment and/or Utilisation.

Appears in 2 contracts

Samples: Agreement (Buhrmann Nv), Senior Facilities Agreement (Corporate Express N.V.)

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