Common use of Letter of Credit Advances Clause in Contracts

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Agent for the account of each Issuing Bank and each other Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing).

Appears in 4 contracts

Samples: Credit Agreement (Alliance Resource Partners Lp), Credit Agreement (Alliance Resource Partners Lp), Credit Agreement (Alliance Holdings GP, L.P.)

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Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date for the Revolving Credit Facility applicable to such Lender the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the such Termination Date with the proceeds of a new Borrowing).

Appears in 4 contracts

Samples: Credit Agreement (Alliance Resource Partners Lp), Security Agreement (Alliance Holdings GP, L.P.), Security Agreement (Alliance Resource Partners Lp)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and and, if applicable, each other Lender that has made a Letter of the Revolving Credit Advance Lenders on the earlier of (A) the date of demand therefor and (B) the Termination Date for the outstanding Revolving Credit Facility, the principal amount of each such Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)outstanding on such date.

Appears in 3 contracts

Samples: Credit Agreement (Caremark Rx Inc), Credit Agreement (Caremark Rx Inc), Credit Agreement (Caremark Rx Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent in U.S. dollars for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date in respect of the Revolving Credit Facility the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 3 contracts

Samples: Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp)

Letter of Credit Advances. (i) The Borrower shall Borrowers, jointly and severally, agree to repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Lender that has made a Letter of Credit Advance on the earlier of demand (accompanied by written notice from the Issuing Bank that a payment has been made under such Letter of Credit) and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 2 contracts

Samples: Revolving Credit Agreement (BMCA Acquisition Sub Inc.), Revolving Credit Agreement (Building Materials Manufacturing Corp)

Letter of Credit Advances. (i) The Applicable Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank Banks and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them on the earlier of (it being understood i) the date of demand therefor and agreed that, subject to (ii) the satisfaction of the other provisions of this Agreement, a Letter of Revolving Credit Advance may be repaid prior to the Facility Termination Date with the proceeds of a new Borrowing)Date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Lender that has made a Letter of Credit Advance on the earlier of demand (accompanied by written notice from the Issuing Bank that a payment has been made under such Letter of Credit) and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 2 contracts

Samples: Credit Agreement (Building Materials Corp of America), Credit Agreement (Building Materials Manufacturing Corp)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)Date.

Appears in 2 contracts

Samples: Credit Agreement (Central Tractor Farm & Country Inc), Credit Agreement (Central Tractor Farm & Country Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed them; provided that, subject to so long as the satisfaction of conditions precedent under Section 3.02 have been satisfied, the other provisions of this Agreement, Borrower may repay such outstanding principal amount with a Letter of Revolving Credit Advance may be repaid prior requested pursuant to the Termination Date with the proceeds of a new BorrowingSection 2.02(a).

Appears in 2 contracts

Samples: Intercreditor Agreement (Express Parent LLC), Loan Credit Agreement (Express Parent LLC)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank Banks and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them on the earlier of (it being understood i) the date of demand therefor and agreed that, subject to (ii) the satisfaction of the other provisions of this Agreement, a Letter of Revolving Credit Advance may be repaid prior to the Facility Termination Date with the proceeds of a new Borrowing)Date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Tranche A Termination Date the aggregate outstanding principal amount of each the Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)Advances then outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Quality Stores Inc), Credit Agreement (Quality Stores Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and and, if applicable, each other Lender that has made a Letter of the Revolving Credit Advance Lenders on the earlier of (A) the date of demand therefor and (B) the Termination Date for the outstanding Revolving Credit Facility the principal amount of each such Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Medpartners Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit B Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date in respect of the Revolving Credit B Facility the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (Grubb & Ellis Co)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each the Revolving Issuing Bank and each other Revolving Credit Lender that has made a Revolving Letter of Credit Advance on the earlier of demand the first Business Day after the date on which such Advance was made and the Termination Date the outstanding principal amount of each Revolving Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (US Power Generating CO)

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Letter of Credit Advances. (i) The Borrower Borrowers shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand made by the Administrative Agent to the Borrowers and the Revolving Credit Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (Mediabay Inc)

Letter of Credit Advances. (i) The Revolving Credit Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand one Business Day following the making of such Letter of Credit Advance and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

Letter of Credit Advances. (i) The Applicableapplicable Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank Banks and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them on the earlier of (it being understood i) the date of demand therefor and agreed that, subject to (ii) the satisfaction of the other provisions of this Agreement, a Letter of Revolving Credit Advance may be repaid prior to the Facility Termination Date with the proceeds of a new Borrowing)Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Dana Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying Administrative Agent for the account of each Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date for the Revolving Credit Facility the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date for the Revolving Credit Facility with the proceeds of a new Borrowing).

Appears in 1 contract

Samples: Credit Agreement (Alliance Resource Partners Lp)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying ------------------------- Administrative Agent for the account of each the Issuing Bank and each other Working Capital Lender that has made a Letter of Credit Advance on the earlier of demand the 7th day after the date on which such Advance was made and the Working Capital Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (CFW Communications Co)

Letter of Credit Advances. (i) The Revolving Credit Borrower shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that Xxxxxxx -- Credit Agreement (33) has made a Letter of Credit Advance on the earlier of demand one Business Day following the making of such Letter of Credit Advance and the Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

Letter of Credit Advances. (i) The Borrower Borrowers shall repay to the Paying Administrative Agent for the account of each the Issuing Bank and each other Revolving Credit Lender that has made a Letter of Credit Advance on the earlier of demand and the Termination Date in respect of the Revolving Credit Facility the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (Ceradyne Inc)

Letter of Credit Advances. (i) The Borrower shall repay to the Paying ------------------------- Administrative Agent for the account of each the Issuing Bank and each other Revolving Lender that has made a Letter of Credit Advance on the earlier of demand and the Revolving Termination Date the outstanding principal amount of each Letter of Credit Advance made by each of them (it being understood and agreed that, subject to the satisfaction of the other provisions of this Agreement, a Letter of Credit Advance may be repaid prior to the Termination Date with the proceeds of a new Borrowing)them.

Appears in 1 contract

Samples: Credit Agreement (Channell Commercial Corp)

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