Common use of PARTIAL REPAYMENT Clause in Contracts

PARTIAL REPAYMENT. If, after this agreement is signed, the Borrower assumes a loan granted under the "Act", under the Act respecting the Société de financement agricole (CQLR, chapter S‑11.0101) or under the Act respecting farm financing (CQLR, chapter F‑1.2) or under the Act to promote long term farm credit by private institutions (CQLR, chapter C‑75.1) or under the Act to promote forest credit by private institutions (CQLR, chapter C‑78.1) or under the Farm Credit Act (CQLR, chapter C‑75) or the Forestry Credit Act (CQLR, chapter C‑78) or under all program to promote forest credit made under the Forest Act (CQLR, chapter F‑4.1), he must, notwithstanding sections 1 and 3 of this agreement and subject to the limits imposed in section 10 of the Program, repay on the loan, if La Financière agricole requires it, any amount exceeding, for the total amount owed on these loans, fifteen millions dollars ($ 15 000 000).

PARTIAL REPAYMENT. If, after this agreement is signed, the Borrower assumes a loan or a leverage loan granted under the "Act", under the Act respecting the Société de financement agricole (CQLR, chapter S‑11.0101) or under the Act respecting farm financing (CQLR, chapter F‑1.2) or under the Act to promote long term farm credit by private institutions (CQLR, chapter C‑75.1) or under the Act to promote forest credit by private institutions (CQLR, chapter C‑78.1) or under the Farm Credit Act (CQLR, chapter C‑75) or the Forestry Credit Act (CQLR, chapter C‑78) or under all program to promote forest credit made under the Forest Act (CQLR, chapter F‑4.1), he must, notwithstanding sections 1 and 3 of this agreement and subject to the limits imposed in section 10 of the Program, repay on the loan or leverage loan, if La Financière agricole requires it, any amount exceeding, for the total amount owed on these loans or leverage loans, fifteen millions dollars ($ 15 000 000).