Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent shall record the obligation of the Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 11 contracts
Sources: Credit Agreement (Hammerhead Energy Inc.), Credit Agreement, Credit Agreement (SemGroup Corp)
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent shall record the obligation obligations of the Borrower to the Lenders in respect of those maturing Bankers’ Acceptances as a Loan Loans of the type into which such continuing liability has been converted.
Appears in 4 contracts
Sources: Credit Agreement (Potash Corp of Saskatchewan Inc), Credit Agreement (Potash Corp of Saskatchewan Inc), Revolving Term Credit Facility (Potash Corp of Saskatchewan Inc)
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ ' Acceptances converted to another type of Loan, the Agent shall record the obligation of the Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 4 contracts
Sources: Credit Facilities (Hammerhead Energy Inc.), Credit Agreement, Credit Agreement
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Principal Borrower to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent shall record the obligation of the Principal Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 3 contracts
Sources: Credit Agreement (Kinder Morgan, Inc.), Credit Agreement (Kinder Morgan, Inc.), Credit Agreement
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the Lenders Lender for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent Lender shall record the obligation of the Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 2 contracts
Sources: Credit Agreement (Powell Industries Inc), Credit Agreement (Powell Industries Inc)
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the Lenders lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent shall record the obligation of the Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 1 contract
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the applicable Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent or the Operating Lender, as applicable, shall record the obligation of the Borrower to the applicable Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 1 contract
Sources: Credit Agreement
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the applicable Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ Acceptances converted to another type of Loan, the Agent shall record the obligation of the Borrower to the applicable Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 1 contract
Conversion from Bankers’ Acceptances. In order to satisfy the continuing liability of the Borrower to the Lenders for an amount equal to the aggregate face amount of the maturing Bankers’ ' Acceptances converted to another type of Loan, the Administrative Agent shall will record the obligation of the Borrower to the Lenders as a Loan of the type into which such continuing liability has been converted.
Appears in 1 contract