No Repayment of Certain Availment Options. The Borrower acknowledges that Bankers' Acceptances and BA Equivalent Loans may not be repaid prior to the maturity thereof. If prior to the maturity of such Availment Option the Agent receives any funds from the Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.
Appears in 5 contracts
Samples: Credit Agreement (Village Farms International, Inc.), Credit Agreement (Aurora Cannabis Inc), Credit Agreement (Organigram Holdings Inc.)
No Repayment of Certain Availment Options. The Borrower acknowledges that Bankers' β Acceptances and BA Equivalent Loans may not be repaid prior to the maturity thereof. If prior to the maturity of such Availment Option the Agent receives any funds from the Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.
Appears in 5 contracts
Samples: And (Aurora Cannabis Inc), Credit Agreement (Aurora Cannabis Inc), Credit Agreement (Aurora Cannabis Inc)
No Repayment of Certain Availment Options. The Borrower acknowledges that Bankers' Acceptances and β Acceptances, BA Equivalent Loans and CDOR Loans may not be repaid prior to the maturity thereof. If prior to the maturity of such Availment Option the Agent receives any funds from the Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.
Appears in 3 contracts
Samples: Assignment and Assumption (Village Farms International, Inc.), Credit Agreement (Village Farms International, Inc.), Credit Agreement (Village Farms International, Inc.)
No Repayment of Certain Availment Options. The Borrower acknowledges that Bankers' Acceptances and Acceptances, BA Equivalent Loans and LIBOR Loans may not be repaid prior to the maturity thereof. If prior to the maturity of such Availment Option the Agent receives any funds from the Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.
Appears in 2 contracts
Samples: Credit Agreement (Merus Labs International Inc.), Credit Agreement (Merus Labs International Inc.)
No Repayment of Certain Availment Options. The Borrower acknowledges Borrowers acknowledge that Bankers' Acceptances and Acceptances, BA Equivalent Loans and LIBOR Loans may not be repaid prior to the maturity thereof. If prior to the maturity of such Availment Option the Agent receives any funds from the a Borrower or any other Person which are intended to be applied as a Repayment thereof, the Agent may retain such funds without any obligation to invest such funds or pay interest thereon, and shall apply such funds against such Availment Option on the scheduled maturity date thereof.
Appears in 2 contracts
Samples: First Amended And (Tucows Inc /Pa/), Agreement (Tucows Inc /Pa/)