Common use of Funding of Outstanding Loans under the Syndicated Facility Clause in Contracts

Funding of Outstanding Loans under the Syndicated Facility. In order to give effect to the foregoing, upon the satisfaction of the conditions precedent set forth below, the Lenders hereby agree to take all steps and actions and execute and deliver all agreements, instruments and other documents as may be required by the Agent or any of the Lenders (including the assignment of interests in, or the purchase of participations in, existing Loans) to give effect to the foregoing increase in the Syndicated Facility and new Syndicated Facility Commitment and to ensure that the aggregate Obligations owing to each Lender under the Syndicated Facility are outstanding in proportion to each Lender’s Rateable Portion of all outstanding Obligations under the Syndicated Facility after giving effect to such increase and such new Commitment; provided that, the foregoing provisions of this Section 3.1 shall not apply to Libor Loans and Bankers’ Acceptances outstanding on the date hereof, such Libor Loans and Bankers’ Acceptances being subject to and dealt with pursuant to Sections 3.2 and 3.3 hereof, respectively.

Appears in 1 contract

Samples: Loan Agreement (Baytex Energy Trust)

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Funding of Outstanding Loans under the Syndicated Facility. In order to give effect to the foregoing, upon upon, and with effect from, the satisfaction of the conditions precedent set forth below, the Lenders hereby agree to take all steps and actions and execute and deliver all agreements, instruments and other documents as may be required by the Agent or any of the Lenders (including the assignment of interests in, or the purchase of participations in, existing Loans) to give effect to the foregoing increase in the Syndicated Facility and new revised Syndicated Facility Commitment Commitments and to ensure that the aggregate Obligations owing to each Lender under the Syndicated Facility are outstanding in proportion to each Lender’s 's Rateable Portion of all outstanding Obligations under the Syndicated Facility after giving effect to such increase and such new Commitmentrevised Facility Commitments; provided that, the foregoing provisions of this Section 3.1 4.1 shall not apply to Libor Loans and Bankers' Acceptances outstanding on the date hereof, such Libor Loans and Bankers' Acceptances being subject to and dealt with pursuant to Sections 3.2 4.2 and 3.3 4.3 hereof, respectively.

Appears in 1 contract

Samples: Third Amending Agreement (Baytex Energy Corp.)

Funding of Outstanding Loans under the Syndicated Facility. In order to give effect to the foregoing, upon upon, and with effect from, the satisfaction of the conditions precedent set forth below, the Lenders hereby agree to take all steps and actions and execute and deliver all agreements, instruments and other documents as may be required by the Agent or any of the Lenders (including the assignment of interests in, or the purchase of participations in, existing Loans) to give effect to the foregoing increase in the revised Syndicated Facility and new Syndicated Facility Commitment Commitments and to ensure that the aggregate Obligations owing to each Lender under the Syndicated Facility are outstanding in proportion to each Lender’s 's Rateable Portion of all outstanding Obligations under the Syndicated Facility after giving effect to such increase and such new Commitmenthereto; provided that, the foregoing provisions of this Section 3.1 4.1 shall not apply to Libor Loans and Bankers' Acceptances outstanding on the date hereof, such Libor Loans and Bankers' Acceptances being subject to and dealt with pursuant to Sections 3.2 4.2 and 3.3 4.3 hereof, respectively.

Appears in 1 contract

Samples: Amending Agreement (Baytex Energy Corp.)

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Funding of Outstanding Loans under the Syndicated Facility. In order to give effect to the foregoing, upon the satisfaction of the conditions precedent set forth belowbelow in Section 5, the Lenders hereby agree to take all steps and actions and execute and deliver all agreements, instruments and other documents as may be required by the Agent or any of the Lenders (including the assignment of interests in, or the purchase of participations in, existing Loans) to give effect to the foregoing increase in the Syndicated Facility effected pursuant to Section 2 hereof and new Syndicated Facility Commitment revised Commitments and to ensure that the aggregate Obligations owing to each Lender under the Syndicated Facility are outstanding in proportion to each Lender’s Rateable Portion of all outstanding Obligations under the Syndicated Facility after giving effect to such increase and such new Commitmentrevised Commitments; provided that, the foregoing provisions of this Section 3.1 4.1 shall not apply to Libor Loans and Bankers’ Acceptances and Libor Loans outstanding on the date hereof, such Libor Loans and Bankers’ Acceptances and Libor Loans being subject to and dealt with pursuant to Sections 3.2 and 3.3 4.2 hereof, respectively.

Appears in 1 contract

Samples: Credit Agreement

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