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Common use of Repayment by Borrower Clause in Contracts

Repayment by Borrower. The Borrower shall pay to the Agent the amount of any drawing under any Letter of Credit on the date of such drawing. The amount of any drawing under a Letter of Credit not paid on the date provided herein shall bear interest, payable on demand, from the due date thereof until paid, at the Post-Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Pico Holdings Inc /New)

Repayment by Borrower. The Borrower shall pay to the Agent for the ratable account of the Lenders the amount of any drawing under any Letter of Credit on the date of such drawing. The amount of any drawing under a Letter of Credit that is not paid on the date provided herein shall bear interest, payable on demand, from the due date thereof until paid, at the Post-Default Rate.Default

Appears in 1 contract

Samples: Credit Agreement (Ing Us Capital Corp)

Repayment by Borrower. The Borrower shall pay to the Agent the amount of any drawing under any Letter of Credit on the date of such drawing. The amount of any drawing under a Letter of Credit that is not paid on the date provided herein shall bear interest, payable on demand, from the due date thereof until paid, at the Post-Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Creative Host Services Inc)

Repayment by Borrower. The Borrower shall pay to the Agent the amount of any drawing under any Letter of Credit on the date of such drawingdrawing if notice is received by 1:00 p.m. on the date of drawing and otherwise on the next Business Day. The amount of any drawing under a Letter of Credit that is not paid on the date provided herein shall bear interest, payable on demand, from the due date thereof until paid, at the Post-Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Dana Holding Corp)