Common use of Loan Principal Payment Clause in Contracts

Loan Principal Payment. On the Maturity Date, Borrower shall repay to Administrative Agent, for the account of each Lender, the aggregate unpaid principal amount of the Loans made by such Lender, with any remaining unpaid principal, interest, fees and costs due and payable on such date, except that with respect to any Federal Funds Rate Loans (a) Borrower shall repay such Federal Funds Rate Loans on a Banking Day not later than the fourth Banking Day after the date of the requested Federal Funds Rate Borrowing and (b) Borrower shall not use the proceeds of any Federal Funds Rate Loans to repay Federal Funds Rate Loans outstanding hereunder. From and after the Maturity Date, upon payment in full of the aggregate principal amount of the Loans, all accrued and unpaid interest thereon and all other amounts owed by Borrower to Administrative Agent or the Lenders hereunder and under the other Credit Facility Documents, the Lenders shall promptly xxxx any Notes cancelled and return such cancelled Notes to Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co), Credit Agreement (Tampa Electric Co)

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