Common use of Repayment of Facility A Advances Clause in Contracts

Repayment of Facility A Advances. (a) UPC Broadband shall repay each Facility A Advance in full on the Interest Date for that Advance to the Facility Agent for the Lenders, but since Facility A is available on a revolving basis amounts repaid may be reborrowed during the Facility A Availability Period subject to the terms of this Agreement. (b) On each date on which the Facility A Commitments are cancelled under Clause 7.1(d) (Automatic Cancellation of the Commitments), UPC Broadband shall repay sufficient Facility A Advances to ensure that the Facility A Advances do not exceed the Total Facility A Commitments as so reduced. (c) No Facility A Advance may be outstanding after the end of the Facility A Availability Period.

Appears in 2 contracts

Samples: Credit Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc)

AutoNDA by SimpleDocs

Repayment of Facility A Advances. (a) UPC Broadband Distribution shall repay each Facility A Advance in full on the Interest Date for that Advance to the Facility Agent for the Lenders, but since Facility A is available on a revolving basis amounts repaid may be reborrowed during the Facility A Availability Period subject to the terms of this Agreement. (b) On each date on which the Facility A Commitments are cancelled under Clause 7.1(d13.1(d) (Automatic Cancellation of the Commitments), UPC Broadband Distribution shall repay sufficient Facility A Advances to ensure that the Facility A Advances do not exceed the Total Facility A Commitments as so reduced. (c) No Facility A Advance may be outstanding after the end of the Facility A Availability Period.

Appears in 1 contract

Samples: Credit Agreement (Unitedglobalcom Inc)

AutoNDA by SimpleDocs

Repayment of Facility A Advances. (a) UPC Broadband Distribution shall repay each Facility A Advance in full on the Interest Date for that Advance to the Facility Agent for the Lenders, but since Facility A is available on a revolving basis amounts repaid may be reborrowed during the Facility A Availability Period subject to the terms of this Agreement. (b) On each date on which the Facility A Commitments are cancelled under Clause 7.1(d) (Automatic Cancellation of the Commitments), UPC Broadband Distribution shall repay sufficient Facility A Advances to ensure that the Facility A Advances do not exceed the Total Facility A Commitments as so reduced. (c) No Facility A Advance may be outstanding after the end of the Facility A Availability Period.

Appears in 1 contract

Samples: Credit Agreement (Unitedglobalcom Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!