Common use of Failure to Give Notice of Repayment Clause in Contracts

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s Branch of Account of the method of repayment of a Bankers’ Acceptance prior to the date of maturity of such Bankers’ Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers’ Acceptance as set forth in Section 3.4, the face amount of such Bankers’ Acceptance shall be converted on its maturity to a Cdn. Prime Loan pursuant to Section 3.12.

Appears in 2 contracts

Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)

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Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s 's Branch of Account of the method of repayment of a Bankers' Acceptance prior to the date of maturity of such Bankers' Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers' Acceptance as set forth in Section 3.4, the face amount of such Bankers' Acceptance shall be converted on its maturity to a Cdn. Prime Loan pursuant to Section 3.12.

Appears in 2 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Administrative Agent at the Agent’s Branch of Account of the method of repayment of a Bankers’ Acceptance prior to the date of maturity of such Bankers’ Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers’ Acceptance as set forth in Section 3.43.5, the face amount of such Bankers’ Acceptance shall be converted on its maturity to a Cdn. Prime Loan from the Applicable Lender pursuant to Section 3.123.11.

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s Branch of Account of the method of repayment of a Bankers’ Acceptance prior to the date of maturity of such Bankers’ Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers’ Acceptance as set forth in Section 3.43.6, the face amount of such Bankers’ Acceptance shall be converted on its maturity to a Cdn. Prime Loan from the Lender pursuant to Section 3.123.13.

Appears in 1 contract

Samples: Credit Agreement (Precision Diversified Oilfield Services Corp.)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s 's Branch of Account of the method of repayment of a Bankers' Acceptance prior to the date of maturity of such Bankers' Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers' Acceptance as set forth in Section 3.43.5, the face amount of such Bankers' Acceptance shall be converted on its maturity to a Cdn. Prime Loan pursuant to Section 3.123.18.

Appears in 1 contract

Samples: Credit Agreement (Prima Energy Corp)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s Branch of Account of the method of repayment of a Bankers' Acceptance prior to the date of maturity of such Bankers' Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers' Acceptance as set forth in Section 3.43.7, the face amount of such Bankers' Acceptance shall be converted on its maturity to a Cdn. Prime Loan from the Lender pursuant to Section 3.123.14.

Appears in 1 contract

Samples: Credit Agreement (PRECISION DRILLING Corp)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s 's Branch of Account of the method of repayment of a Bankers' Acceptance prior to the date of maturity of such Bankers' Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers' Acceptance as set forth in Section 3.4, the face amount of such Bankers' Acceptance shall be converted on its maturity to a Cdn. Prime Loan pursuant to Section 3.123.11.

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

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Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Administrative Agent at the Agent’s Branch of Account of the method of repayment of a Bankers' Acceptance prior to the date of maturity of such Bankers' Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers' Acceptance as set forth in Section 3.43.5, the face amount of such Bankers' Acceptance shall be converted on its maturity to a Cdn. Prime Loan from the Applicable Lender pursuant to Section 3.12.3.11. 9617679.9

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s 's Branch of Account of the method of repayment of a Bankers' Acceptance prior to the date of maturity of such Bankers' Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers' Acceptance as set forth in Section 3.4, the face amount of such Bankers' Acceptance shall be converted on its maturity to a Cdn. Prime Loan from the Lender pursuant to Section 3.123.10.

Appears in 1 contract

Samples: Credit Agreement (Keyspan Corp)

Failure to Give Notice of Repayment. If the Borrower fails to give notice to the Agent at the Agent’s Branch of Account of the method of repayment of a Bankers’ Acceptance prior to the date of maturity of such Bankers’ Acceptance in accordance with the same period of notice required for the original acceptance of such Bankers’ Acceptance as set forth in Section 3.43.3, the face amount of such Bankers’ Acceptance shall be converted on its maturity to a Cdn. Prime Loan pursuant to Section 3.123.9.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

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