Common use of Notice of Repayment Clause in Contracts

Notice of Repayment. If the Borrower is required to make a repayment pursuant to Sections 2.8(c), (d), (e), (f) or (g), the Borrower shall notify the Administrative Agent by written notice of any repayment hereunder, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of repayment. Each such notice shall specify the repayment date, the principal amount of the Loans or Tranche B Loans to be repaid, the amount of accrued interest due in connection therewith and, with respect to the Loans, any Repayment Premium or Applicable Premium, if applicable. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Such notice to the Lenders may be by electronic communication. Each repayment of any or all of the Loans or Tranche B Loans shall be applied according to Section 2.8(h). Repayments shall be accompanied by accrued interest to the extent required by Section 2.05 of Appendix 2 and Section 2.6.”

Appears in 2 contracts

Samples: Delayed Draw Term Loan Credit Agreement (Par Petroleum Corp/Co), Delayed Draw Term Loan Credit Agreement (Par Petroleum Corp/Co)

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Notice of Repayment. If the Borrower is required to make a repayment pursuant to Sections 2.8(c), (d), (e), (f) or (g), the Borrower shall notify the Administrative Agent by written notice of any repayment hereunder, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of repayment. Each such notice shall specify the repayment date, the principal amount of the Loans or New Tranche B Loans to be repaid, the amount of accrued interest due in connection therewith and, with respect to the Loans, any Repayment Premium or Applicable Premium, if applicable, and with respect to the Tranche B Loans, any Tranche B Exit Fee. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Such notice to the Lenders may be by electronic communication. Each such repayment of any or all of the Loans or New Tranche B Loans shall be applied according to Section 2.8(h). Repayments shall be accompanied by accrued interest to the extent required by Section 2.05 of Appendix 2 and Section 2.6.”

Appears in 1 contract

Samples: Delayed Draw Term Loan Credit Agreement (Par Petroleum Corp/Co)

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Notice of Repayment. If the Borrower is required to make a repayment pursuant to Sections 2.8(c), (d), (e), (f) or (g), the Borrower shall notify the Administrative Agent by written notice of any repayment hereunder, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of repayment. Each such notice shall specify the repayment date, the principal amount of the Loans or Tranche B Loans Loan to be repaid, the amount of accrued interest due in connection therewith and, with respect to the Loans, and any Repayment Premium or Applicable Premium, if applicable. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Such notice to the Lenders may be by electronic communication. Each repayment of any or all of the Loans or Tranche B Loans Loan shall be applied according to Section 2.8(h). Repayments shall be accompanied by accrued interest to the extent required by Section 2.05 of Appendix 2 and Section 2.6.

Appears in 1 contract

Samples: Delayed Draw Term Loan Credit Agreement (Par Petroleum Corp/Co)

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