Common use of Repayment of Bank Loan Clause in Contracts

Repayment of Bank Loan. Following the SA Closing, FH shall exercise its commercially reasonable efforts to cause XC to, and to the extent XC has received proceeds from FH hereunder in the amount outstanding under the RA Loan, XC shall directly or indirectly capitalize FX to the extent of such proceeds and shall cause FX to use such proceeds to repay any amounts outstanding under the RA Loan.

Appears in 2 contracts

Samples: Share Subscription Agreement, Share Subscription Agreement (Xerox Corp)

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Repayment of Bank Loan. Following the SA Closing, FH shall exercise its commercially reasonable efforts to cause XC to, and to the extent XC has received proceeds from FH hereunder pursuant to the Subscription Agreement in the amount outstanding under the RA Loan, XC shall directly or indirectly capitalize FX to the extent of such proceeds and shall cause FX to use such proceeds to to, repay any amounts outstanding under the RA Loan.

Appears in 2 contracts

Samples: Redemption Agreement, Redemption Agreement (Xerox Corp)

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