Common use of Maturity of Drawings; Interest Thereon Clause in Contracts

Maturity of Drawings; Interest Thereon. (A) Drawings under the Letter of Credit shall, notwithstanding anything to the contrary contained therein, mature and become due and payable, and shall be repaid to Administrative Agent for the account of Issuing Bank by Company in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawing, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B).

Appears in 4 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.)

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Maturity of Drawings; Interest Thereon. (Ag) Drawings under the any Letter of Credit shall, notwithstanding anything to the contrary contained therein, mature and become due and payable, and shall be repaid to the Administrative Agent for the account of the applicable Issuing Bank by Company the Borrowers in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawingfull, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B3.5(b), on the Effective Date of the L/C Notice of Drawing in respect of such drawing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

Maturity of Drawings; Interest Thereon. (Aa) Drawings under the any Letter of Credit shall, notwithstanding anything to the contrary contained therein, mature and become due and payable, and shall be repaid to the Administrative Agent for the account of the applicable Issuing Bank by Company the Borrowers in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawingfull, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B3.5(b), on the Effective Date of the L/C Notice of Drawing in respect of such drawing.

Appears in 2 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

Maturity of Drawings; Interest Thereon. (Aa) Drawings under the any Letter of Credit shall, notwithstanding anything to the contrary contained thereintherein or in the related L/C Application, mature and become due and payable, and shall be repaid to Administrative the Agent for the account of the applicable Issuing Bank by Company the Borrower in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawingfull, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B3.5(b), on the Effective Date of the L/C Notice of Drawing in respect of such drawing.

Appears in 1 contract

Samples: Petition Credit Agreement (Dan River Inc /Ga/)

Maturity of Drawings; Interest Thereon. (Ai) Drawings under the any Letter of Credit shall, notwithstanding anything to the contrary contained therein, mature and become due and payable, and shall be repaid to Administrative Agent for the account of Issuing the applicable Facing Bank by Company the Borrowers in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawingfull, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B2.3(f)(ii), on the L/C Effective Date of the L/C Notice of Drawing in respect of such drawing.

Appears in 1 contract

Samples: Revolving Credit Agreement (Huntsman LLC)

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Maturity of Drawings; Interest Thereon. (Aa) Drawings under the any Letter of Credit shall, notwithstanding anything to the contrary contained therein, mature and become due and payable, and shall be repaid to Administrative the Agent for the account of the applicable Issuing Bank by Company Borrowers in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawingfull, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B3.5(b), on the Effective Date of the L/C Notice of Drawing in respect of such drawing.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

Maturity of Drawings; Interest Thereon. (Aa) Drawings under the any Letter of Credit shall, notwithstanding anything to the contrary contained therein, mature and become due and payable, and shall be repaid to the Administrative Agent for the account of the applicable Issuing Bank by Company the Borrowers in full (with New Term Loans as provided in Section 2.1(b)(vi)(A) or otherwise) on the effective date of the L/C Notice of Drawing in respect of such drawingfull, together with interest accrued thereon, from the date and at the rate specified in Section 2.1(b)(v)(B3.5(b), on the date of the L/C Notice of Drawing in respect of such drawing.

Appears in 1 contract

Samples: Revolving Credit Agreement (TPC Group Inc.)

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