Common use of Letters Subject to an Order Clause in Contracts

Letters Subject to an Order. Subject to Section 13.2, the relevant Borrower shall pay to the Issuing Lender an amount equal to the maximum amount available to be drawn under any unexpired Letter which becomes the subject of any Order; payment in respect of each such Letter shall be due forthwith upon demand.

Appears in 4 contracts

Samples: Loan Agreement (4352351 Canada Inc.), Loan Agreement (Lundin Mining CORP), Credit Agreement (Kinross Gold Corp)

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Letters Subject to an Order. Subject to Section 13.213.02, the relevant Borrower Borrowers shall pay to the Issuing Lender an amount equal to the maximum amount available to be drawn under any unexpired Letter which becomes the subject of any Order; payment in respect of each such Letter shall be due forthwith upon demand.

Appears in 1 contract

Samples: Credit Agreement (Kinam Gold Inc)

Letters Subject to an Order. Subject to Section 13.2, the relevant Borrower shall pay to the Issuing Lender an amount equal to the maximum amount available to be drawn under any unexpired Letter which becomes the subject of any Order; payment in respect of each such Letter shall be due forthwith upon demand.

Appears in 1 contract

Samples: Credit Agreement (Denison Mines Corp.)

Letters Subject to an Order. Subject to Section 13.2, the relevant Borrower shall pay to the Issuing Lender an amount equal to the maximum amount available to be drawn under any unexpired Letter which becomes the subject of any Order; , such payment in respect of each such Letter shall to be due forthwith upon demand.

Appears in 1 contract

Samples: Credit Agreement (Yamana Gold Inc)

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Letters Subject to an Order. Subject to Section 13.2, the relevant Borrower The Borrowers shall pay to the Issuing Lender an amount equal to the maximum amount available to be drawn under any unexpired Letter which becomes the subject of any Order; payment in respect of each such Letter shall be due forthwith upon demanddemand in the currency in which such Letter is denominated.

Appears in 1 contract

Samples: Credit Agreement (Breakwater Resources LTD)

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