Common use of Repayment of Outstanding Loans Clause in Contracts

Repayment of Outstanding Loans. On the effective date of each Additional Commitment, the Borrower shall repay all Revolving Credit Loans then outstanding, subject to the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow new Revolving Credit Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any new Revolving Credit Loans made on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 3.3.

Repayment of Outstanding Loans. On the effective date of each Additional Revolving Credit Commitment, the Borrower shall either repay or be deemed to have repaid all Revolving Credit Loans then outstanding, subject to outstanding (as required by the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow Administrative Agent in its reasonable discretion) and borrowed new Revolving Credit Loans with a Borrowing Date on such date. Each date so that each of the Lenders shall participate in any new Revolving Credit Loans made (or deemed made) on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 3.32.10.

Repayment of Outstanding Loans. On the effective date of each Additional Commitment, the Borrower shall either repay or be deemed to have repaid all Revolving Credit Loans then outstanding, subject to outstanding (as required by the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow Administrative Agent in its reasonable discretion) and borrowed new Revolving Credit Loans with a Borrowing Date on such date. Each date so that each of the Lenders shall participate in any new Revolving Credit Loans made (or deemed made) on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 3.32.10.