Common use of Repayment of Canadian Loans Clause in Contracts

Repayment of Canadian Loans. (a) Each Canadian Borrower shall repay to each Canadian Lender on the Maturity Date the aggregate principal amount of its Canadian Committed Loans and all other Canadian Obligations owing to such Lender outstanding on such date. (b) The applicable Canadian Borrower shall repay each Canadian Bid Loan made to it on the last day of the Interest Period in respect thereof.

Appears in 2 contracts

Samples: Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)

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Repayment of Canadian Loans. (a) Each Canadian Borrower shall repay to each Canadian Lender on the Maturity Date the aggregate principal amount of its Canadian Committed Loans and all other Canadian Obligations owing to such Lender outstanding on such date. (b) The applicable Canadian Borrower shall repay each Canadian Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Canadian Loan is made and (ii) the Maturity Date. (c) The applicable Canadian Borrower shall repay each Canadian Bid Loan made to it on the last day of the Interest Period in respect thereof.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

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Repayment of Canadian Loans. (a) Each Canadian Facility Borrower shall repay to each Canadian Lender on the Maturity Date the aggregate principal amount of its Canadian Committed Loans (or, in the case of Bankers’ Acceptances, the face amount thereof) and all other Canadian Obligations owing by such Canadian Facility Borrower to such Lender outstanding on such date. (b) The applicable Canadian Facility Borrower shall repay each Canadian Bid Loan made to it on the last day of the Interest Period in respect thereof.

Appears in 1 contract

Samples: Credit Agreement (Burlington Resources Inc)

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