Common use of Promise to Repay Clause in Contracts

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender on the Final Maturity Date. The Swiss Borrower hereby unconditionally promises to pay (i) to the Funding Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date and (ii) to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan. The U.K. Borrower hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender on the Final Maturity Date. The Canadian Borrower hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Canadian Revolving Loan of such Revolving Lender on the Final Maturity Date. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 2 contracts

Samples: Security Agreement (Novelis South America Holdings LLC), Credit Agreement (Novelis Inc.)

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Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender on the Final Maturity Date. The Swiss Borrower hereby unconditionally promises to pay (i) to the Funding Agent, Administrative Agent for the account of each applicable Term Loan Lender, the principal amount of each Term Loan of such Term Loan Lender as provided in Section 2.09, (ii) to the Administrative Agent for the account of each Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Revolving Maturity Date and Date, (iiiii) to the European Administrative Agent for the account of each Incremental Term Loan Lender for any Incremental Term Loan Facility, the principal amount of each Incremental Term Loan under such Incremental Term Loan Facility on the dates and in the amounts set forth in the Increase Joinder for such Incremental Term Loan Facility, (iv) to the Administrative Agent for the account of each Replacement Term Loan Lender for any Replacement Term Loan Facility, the principal amount of each Replacement Term Loan under such Replacement Term Loan Facility on the dates and in the amounts set forth in the Replacement Term Loan Facility Amendment for such Replacement Term Loan Facility, and (v) to the Swingline Lender, the then unpaid principal amount of each European Swingline Loan on the earlier of (A) the Final Revolving Maturity Date and (B) the first date after such Swingline Loan is made that is the 15th or last day of the Interest Period for such Loan. The U.K. Borrower hereby unconditionally promises to pay to the Funding Agent, for the account of a calendar month and is at least two Business Days after each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Swingline Loan of such Revolving Lender on the Final Maturity Date. The Canadian Borrower hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Canadian Revolving Loan of such Revolving Lender on the Final Maturity Dateis made. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 2 contracts

Samples: Credit Agreement (CSG Systems International Inc), Credit Agreement (CSG Systems International Inc)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The Parent Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the Parent Borrower. The Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender and (ii) on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The U.K. Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender and (ii) on the Final earlier of the Maturity Date. The Canadian Borrower hereby unconditionally promises to pay Date and the last day of the Interest Period for such Loan, to the Funding Agent, for the account of each applicable Revolving European Swingline Lender, the then unpaid principal amount of each Canadian Revolving European Swingline Loan of such Revolving Lender on the Final Maturity Datemade to it. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 2 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The Canadian Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the Canadian Borrower. The Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving 1096351.01A-CHISR01A1096355.04J-CHISR01A - MSW Lender on the Final Maturity Date made to it and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. Each German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender made to it and (ii) on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The Each U.K. Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender made to it and (ii) on the Final earlier of the Maturity Date. The Canadian Borrower hereby unconditionally promises to pay Date and the last day of the Interest Period for such Loan, to the Funding Agent, for the account of each applicable Revolving European Swingline Lender, the then unpaid principal amount of each Canadian Revolving European Swingline Loan of such Revolving Lender on the Final Maturity Datemade to it. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The Canadian Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the Canadian Borrower. The Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date made to it and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. Each German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender made to it and (ii) on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The EachThe U.K. Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender made to it and (ii) on the Final earlier of the Maturity Date. The Canadian Borrower hereby unconditionally promises to pay Date and the last day of the Interest Period for such 1209502.04-CHISR02A - MSW Loan, to the Funding Agent, for the account of each applicable Revolving European Swingline Lender, the then unpaid principal amount of each Canadian Revolving European Swingline Loan of such Revolving Lender on the Final Maturity Datemade to it. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender on the Final Maturity Date. The Swiss Borrower hereby unconditionally promises and agrees to pay (i) to the Funding Agent, Administrative Agent for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Credit Loan of such Revolving Lender on the Final Maturity Date and Revolving Credit Termination Date; (ii) to the European Swingline Administrative Agent for the account of each Lender, the then unpaid principal amount of the Term Loan on the Term Loan Maturity Date, (iii) to the Administrative Agent for the account of each Lender of an outstanding Negotiated Rate Loan, the then unpaid principal amount of each Negotiated Rate Loan on the last day of the Interest Period applicable to such Loan and (iv) to the Swing Lender, the then unpaid principal amount of each European Swingline Swing Loan on or before the earlier of (x) the Final Maturity Date and Revolving Credit Termination Date, (y) the last day of any calendar quarter, and (z) the Interest Period for fourth Business Day after such LoanSwing Loan is made; provided that on each date that a Borrowing is made, the Borrower shall repay all Swing Loans then outstanding. The U.K. Borrower hereby unconditionally promises to pay to the Funding Agent, Administrative Agent for the account of each applicable Revolving Lender and the Swing Lender, all unpaid interest accrued thereon, in accordance with the then unpaid principal amount terms of this Agreement and the Notes. The Borrower shall execute and deliver to each U.K. Revolving Loan of such Revolving Lender on the Final Maturity Closing Date. The Canadian Borrower hereby unconditionally promises , a Revolving Credit Note and a Term Loan Note, evidencing the Loans to pay each Lender requesting a Note on or prior to the Funding AgentClosing Date and thereafter shall execute and deliver such other Notes as are requested to evidence (x) any Negotiated Rate Loans or Swing Loans, for as requested by the account Administrative Agent or the Lender making such Negotiated Rate Loan, or (y) the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 13.1, all in form and substance acceptable to the Administrative Agent and the parties to such assignment (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”; and “Note” means any one of each applicable Revolving Lenderthe Notes). In connection with the issuance of any Note that replaces, in whole or in part, an existing Note, the then unpaid principal amount existing replaced Note shall be returned to the Borrower marked “Cancelled” or “Replaced” upon request by the Borrower. In the event that such replaced Note is not returned within twenty (20) days after the issuance of each Canadian Revolving Loan a replacement Note (or, in the case of Note relating to a Negotiated Rate Loan, within twenty (20) days after the repayment of such Revolving Lender on Negotiated Rate Loan) and the Final Maturity Date. All payments or repayments of Loans made pursuant to this Section 2.04(a) request for return is made, the Borrower shall be made in entitled to receive an affidavit from the Approved Currency in which Lender that was issued the Note, including an indemnity agreement, reasonably satisfactory to the Borrower, with respect to such Loan is denominatedunreturned Note.

Appears in 1 contract

Samples: Assignment and Acceptance (Mills Corp)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The Canadian Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the Canadian Borrower. The EachThe Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date made to it and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. Each German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender made to it and (ii) on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The Each U.K. Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender made to it and (ii) on the Final earlier of the Maturity Date. The Canadian Borrower hereby unconditionally promises to pay Date and the last day of the Interest Period for such Loan, to the Funding Agent, for the account of each applicable Revolving European Swingline Lender, the then unpaid principal amount of each Canadian Revolving European Swingline Loan of such Revolving Lender on the Final Maturity Datemade to it. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The Parent Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the Parent Borrower. The Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan. The U.K. Borrower hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender on the Final Maturity Date. The Canadian Borrower hereby unconditionally promises to pay to the Funding Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Canadian Revolving Loan of such Revolving Lender on the Final Maturity Date. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 1 contract

Samples: Security Agreement (Novelis Inc.)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The ParentBelgian Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Belgian Revolving Loan of such Revolving Lender made to the Belgian Borrower. The Canadian Borrower hereby unconditionally promises to pay on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the ParentCanadian Borrower. TheEach Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date made to it and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. TheEach German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender made to it and (ii) on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The TheEach U.K. Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender made to it and (ii) on the Final earlier of the Maturity Date. The Canadian Borrower hereby unconditionally promises to pay Date and the last day of the Interest Period for such Loan, to the Funding Agent, for the account of each applicable Revolving European Swingline Lender, the then unpaid principal amount of each Canadian Revolving European Swingline Loan of such Revolving Lender on the Final Maturity Datemade to it. All payments or repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

Promise to Repay. Each U.S. Borrower, jointly and severally, hereby unconditionally promises to pay on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender (or, in the case of U.S. Swingline Loans, the U.S. Swingline Lender in accordance with Section 2.17(a)), the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to any U.S. Borrower. The Belgian Borrower hereby unconditionally promises to pay on the Final Maturity DateDate to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Belgian Revolving Loan of such Revolving Lender made to the Belgian Borrower. The Canadian Borrower hereby unconditionally promises to pay on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.S. Revolving Loan of such Revolving Lender made to the Canadian Borrower. Each Swiss Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each Swiss Revolving Loan of such Revolving Lender on the Final Maturity Date made to it and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. Each German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender made to it and (ii) on the earlier of the Final Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it. The Each U.K. Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Funding Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each U.K. Revolving Loan of such Revolving Lender made to it and (ii) on the Final earlier of the Maturity Date. The Canadian Borrower hereby unconditionally promises to pay Date and the last day of the Interest Period for such Loan, to the Funding Agent, for the account of each applicable Revolving European Swingline Lender, the then unpaid principal amount of each Canadian Revolving European Swingline Loan of such Revolving Lender on the Final Maturity Datemade to it. All payments or 165 1125931.03I-XXXXX000000000.05E-CHISR01A - MSW repayments of Loans made pursuant to this Section 2.04(a) shall be made in the Approved Currency in which such Loan is denominated.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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