Common use of Repayment of RT Facility Clause in Contracts

Repayment of RT Facility. Each Borrower shall repay to the Lenders in full the outstanding credit granted to such Borrower under the RT Facility on the RT Maturity Date together with all accrued and unpaid interest thereon and all accrued and unpaid fees with respect thereto. As concerns any Letter issued for the account of a Borrower which, on the RT Maturity Date, has an expiry date later than the RT Maturity Date, such Borrower shall pay to the Issuing Lender, on the RT Maturity Date, the then contingent liability of the Issuing Lender thereunder (to be held solely for the purpose of satisfying any draw under such Letter and to be held subject to Section 13.2). Following such payment by such Borrower to the Issuing Lender, such Borrower shall have no further liability to the Lenders with respect to any such Letter.

Appears in 2 contracts

Samples: Credit Agreement (Lundin Mining CORP), Credit Agreement (4352351 Canada Inc.)

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Repayment of RT Facility. Each The Borrower shall repay to the Lenders in full the outstanding credit granted to such the Borrower under the RT Facility on the RT Maturity Date together with all accrued and unpaid interest thereon and all accrued and unpaid fees with respect thereto. As concerns any Letter issued for the account of a the Borrower which, on the RT Maturity Date, has an expiry date later than the RT Maturity Date, such the Borrower shall pay to the Issuing Lender, on the RT Maturity Date, the then contingent liability of the Issuing Lender thereunder (to be held solely for the purpose of satisfying any draw under such Letter and to be held subject to Section 13.2). Following such payment by such the Borrower to the Issuing Lender, such the Borrower shall have no further liability to the Lenders with respect to any such Letter.

Appears in 1 contract

Samples: Credit Agreement (Yamana Gold Inc)

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Repayment of RT Facility. Each Borrower (a) The RT Borrowers shall repay to the RT Lenders in full the outstanding credit granted to such Borrower under the RT Facility on the RT Facility Maturity Date together with all accrued and unpaid interest thereon and all accrued and unpaid fees with respect thereto. As concerns any Letter issued for the account of a Borrower which, on the RT Facility Maturity Date, has an expiry date later than the RT Facility Maturity Date, such Borrower the RT Borrowers shall pay to the Issuing RT Lender, on the RT Facility Maturity Date, the then contingent liability of the Issuing RT Lender thereunder (to be held solely for the purpose of satisfying any draw under such Letter and to be held subject to Section 13.2). Following such payment by such Borrower the RT Borrowers to the Issuing RT Lender, such Borrower the RT Borrowers shall have no further liability to the RT Lenders with respect to any such Letter.

Appears in 1 contract

Samples: Credit Agreement (Kinross Gold Corp)

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