Repayment of Credit Excess. In the event that there is a Credit Excess at any time under a particular Credit Facility, the Borrower shall repay to the Lenders on demand the amount of the Credit Excess under such Credit Facility. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Loans under the relevant Credit Facility as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Loans mature or as such Letters are drawn upon, as the case may be.
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Samples: Credit Agreement (SilverCrest Metals Inc.), Credit Agreement (Orla Mining Ltd.)
Repayment of Credit Excess. In the event that there is a Credit Excess at any time under a particular Credit Facility, the Borrower Borrowers shall repay to the Lenders on demand the amount of the Credit Excess under such Credit Facility. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Loans under the relevant Credit Facility as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Loans mature or as such Letters are drawn upon, as the case may be.
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Repayment of Credit Excess. In the event that there is a Credit Excess at any time under a particular the Credit Facility, the Borrower Borrowers shall repay to the Lenders on demand the amount of the Credit Excess under such the Credit Facility. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Loans under the relevant Credit Facility as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Loans mature or as such Letters are drawn upon, as the case may be.
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Repayment of Credit Excess. In the event that there is a Credit Excess at any time under a particular Credit Facilitytime, the Borrower shall repay to the Lenders on demand the amount of the Credit Excess under such Credit FacilityExcess. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Loans under the relevant Credit Facility as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Loans mature or as such Letters are drawn upon, as the case may bemature.
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Repayment of Credit Excess. In the event that there is a Credit Excess at any time under a particular Credit Facilitytime, the Borrower Borrowers shall repay to the Lenders on demand the amount of the Credit Excess under such Credit FacilityExcess. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Loans under the relevant Credit Facility as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Loans mature or as such Letters are drawn upon, as the case may be.
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