Common use of Mandatory Repayment Clause in Contracts

Mandatory Repayment. If the Borrower requests a Syndicated Advance and the Swing Line Lender's Rateable Portion of such Syndicated Advance would cause its Rateable Portion of all Syndicated Advances then outstanding together with the Aggregate Principal Amount of all Swing Line Loans to exceed the Swing Line Lender's Individual Commitment Amount, then the Borrower shall be required to repay such Swing Line Loans (or to Convert some into a Syndicated Advance in accordance with Section 3.9(h)) to the extent of such excess on or before the requested date of such Syndicated Advance.

Appears in 2 contracts

Samples: Credit Agreement (ENERPLUS Corp), Credit Agreement (ENERPLUS Corp)

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Mandatory Repayment. If the Borrower requests a Syndicated Advance and the Swing Line Lender's Rateable Portion of such Syndicated Advance would cause its Rateable Portion of all Syndicated Advances then outstanding together with the Aggregate Principal Amount of all Swing Line Loans to exceed the Swing Line Lender's Individual Commitment Amount, then the Borrower shall be required to repay such Swing Line Loans (or to Convert some into a Syndicated Advance in accordance with Section 3.9(h3.10(h)) to the extent of such excess on or before the requested date of such Syndicated Advance.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

Mandatory Repayment. If the Borrower requests a Syndicated Advance and the Swing Line Lender's ’s Rateable Portion of such Syndicated Advance would cause its Rateable Portion of all Syndicated Advances then outstanding together with the Aggregate Principal Amount of all Swing Line Loans to exceed the Swing Line Lender's ’s Individual Tranche 1 Commitment Amount, then the Borrower shall be required to repay such Swing Line Loans (or to Convert some into a Syndicated Advance in accordance with Section 3.9(h3.10(h)) to the extent of such excess on or before the requested date of such Syndicated Advance.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

Mandatory Repayment. If the Borrower requests a Syndicated Advance and the Swing Line Lender's ’s Rateable Portion of such Syndicated Advance would cause its Rateable Portion of all Syndicated Advances then outstanding together with the Aggregate Principal Amount of all Swing Line Loans to exceed the Swing Line Lender's ’s Individual Commitment Amount, then the Borrower shall be required to repay such Swing Line Loans (or to Convert convert some into a Syndicated Advance in accordance with Section 3.9(h)) to the extent of such excess on or before the requested date of such Syndicated Advance.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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Mandatory Repayment. If the Borrower requests a Syndicated Advance and the Swing Line Swingline Lender's Rateable Portion of such Syndicated Advance would cause its Rateable Portion of all Syndicated Advances Borrowings then outstanding together with the Aggregate aggregate Principal Amount of all Swing Line Loans Swingline Borrowings to exceed the Swing Line Swingline Lender's Individual Commitment Amount, then the Borrower shall be required to repay such Swing Line Loans Swingline Borrowings (or to Convert some into a Syndicated Advance Borrowing in accordance with Section 3.9(h2.8(h)) to the extent of such excess on or before the requested date of such Syndicated Advance.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

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