Common use of Repayment of Outstanding Loans Clause in Contracts

Repayment of Outstanding Loans. Borrowing of New Loans. On the effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to the Borrower's indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any new 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.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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Repayment of Outstanding Loans. Borrowing of New Loans. On the effective date of such increase, the Borrower Borrowers shall repay all Loans then outstanding, subject to the Borrower's Borrowers’ indemnity obligations under Section 5.10 [Indemnity]4.9; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any new 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.Section 2.10. (ii)

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

Repayment of Outstanding Loans. Borrowing of New Loans. On the effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to the Borrower's ’s indemnity obligations under Section 5.10 4.12 [Indemnity]; provided that it may borrow new Loans to satisfy in full all Loans outstanding with such new Loans having a Borrowing Date on such date. Each of the Lenders shall participate in any new 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 SectionSection 2.4.

Appears in 1 contract

Samples: Joinder and Assumption Agreement (Under Armour, Inc.)

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Repayment of Outstanding Loans. Borrowing of New Loans. On the effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to the Borrower's indemnity obligations under Section 5.10 2.9.8 [Indemnity]; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders Banks shall participate in any new 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.

Appears in 1 contract

Samples: Credit Agreement (WESTMORELAND COAL Co)

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