Repayment of Letters of Credit. (a) Each Borrower must repay each Letter of Credit issued on its behalf in full on its Maturity Date. (b) Subject to the other terms of this Agreement, any amounts repaid under paragraph (a) above may be re-utilised.
Appears in 3 contracts
Samples: Facility Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies Inc)
Repayment of Letters of Credit. (a) Each Borrower must repay each Letter of Credit issued on its behalf in full on the earlier of (i) its Maturity Date and (ii) the Final Maturity Date.
(b) Subject to the other terms of this Agreement, any amounts repaid under paragraph (a) above (other than a repayment by way of cash cover pursuant to Clause 7.1(a)(i) (Letters of Credit)) may be re-utilised.
Appears in 2 contracts
Samples: Finance Agreement, Credit Facilities Agreement (Imperial Tobacco Group PLC)
Repayment of Letters of Credit. (a) Each Borrower must repay each Letter of Credit issued on its behalf in full on its Maturity Date.
(b) Subject to the other terms of this Agreement, any amounts repaid or pre-paid under paragraph (a) above may be re-utilised.
Appears in 2 contracts
Samples: Supplemental Agreement (Enodis PLC), Credit Facility Agreement (Enodis PLC)
Repayment of Letters of Credit. (a) Each Borrower must repay each Letter of Credit issued on its behalf in full on its Maturity Date.
(b) Subject to the other terms of this Agreement, any amounts repaid or pre-paid under paragraph (a) above may be re-utilised.. --------------------------------------------------------------------------------
Appears in 1 contract
Repayment of Letters of Credit. (a) Each Borrower must repay each Letter of Credit issued on its behalf in full on its Maturity Date. No Letter of Credit may expire after the Final Maturity Date.
(b) Subject to the other terms of this Agreement, any amounts repaid under paragraph (a) above may be re-utilised.
Appears in 1 contract
