Common use of Repayment of Swingline Advances Clause in Contracts

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline Banks. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event that a Swingline Advance is not so repaid each Bank (other than a Swingline Bank) will within four Business Days of a demand to that effect from the Agent or, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates an amount equal to its Agreed Percentage of the principal of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such Bank. The relevant Borrower shall forthwith reimburse the Banks (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks under this paragraph (b) shall be deemed to be an overdue amount under Clause 10.4 (Default Interest) which fell due for payment by the relevant Borrower on the day on which the payment by the Banks giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 (Default Interest) accordingly.

Appears in 5 contracts

Samples: Syndicated Credit Facility (Gec Acquisition Corp), Syndicated Credit Facility Agreement (Gec Acquisition Corp), Syndicated Credit Facility (Gec Acquisition Corp)

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Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US relevant Swingline Agent for the relevant Swingline Banks. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event that a Swingline Advance is not so repaid each Bank (other than a Swingline Bank) will within four Business Days of a demand to that effect from the Agent or, as the case may be, the US relevant Swingline Agent pay to the Agent or, as the case may be, the US that Swingline Agent on behalf of the relevant Swingline Banks and their Swingline Affiliates an amount equal to its Agreed Percentage of the principal of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such Bank. The relevant Borrower shall forthwith reimburse the Banks (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks under this paragraph (b) shall be deemed to be an overdue amount under (as defined in Clause 10.4 8.3(a) (Default Interest)) which fell due for payment by the relevant Borrower on the day on which the payment by the Banks giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 (Default Interest) 8.3 accordingly.

Appears in 2 contracts

Samples: Revolving Credit Facility (Syngenta Ag), Revolving Credit Facility (Syngenta Ag)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event that a Swingline Advance is not so repaid each Bank (other than a Swingline Bank) Lender will within four Business Days of a demand to that effect from the Agent or, as the case may be, the US U.S. Swingline Agent pay to the Agent or, as the case may be, the US U.S. Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Bank's Tranche C Commitment) an amount equal to its Agreed Percentage of the principal of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Tranche C Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under (as defined in Clause 10.4 8.4(a) (Default Interestinterest)) which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.4 (Default Interestinterest) accordingly.

Appears in 1 contract

Samples: Term and Revolving Credit Facility (Vodafone Group Public Limited Co)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Euro Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orEuro Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US Euro Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender’s Commitment) an amount equal to its Agreed Percentage (without set-off, counterclaim, withholding or other deduction) of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under Clause 10.4 (Default Interest) Overdue Amount which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 9.3 (Default Interestinterest) accordingly. The obligations of each Lender under this paragraph (b) are unconditional and shall not be affected by the occurrence or continuance of a Default.

Appears in 1 contract

Samples: Facility Agreement (Vodafone Group Public LTD Co)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Euro Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orEuro Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US Euro Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender’s Commitment) an amount equal to its Agreed Percentage (without set-off, counterclaim, withholding or other deduction) of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under Clause 10.4 (Default Interest) Overdue Amount which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.3 (Default Interestinterest) accordingly. The obligations of each Lender under this paragraph (b) are unconditional and shall not be affected by the occurrence or continuance of a Default.

Appears in 1 contract

Samples: 5 Year Facility Agreement (Vodafone Group Public LTD Co)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Term Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orU.S. Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US U.S. Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender’s Commitment) an amount equal to its Agreed Percentage (without set-off, counterclaim, withholding or other deduction) of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under (as defined in Clause 10.4 8.3(a) (Default Interestinterest)) which fell due for payment by the relevant Back to Index Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.3 (Default Interestinterest) accordingly. The obligations of each Lender under this paragraph (b) are unconditional and shall not be affected by the occurrence or continuance of a Default.

Appears in 1 contract

Samples: 3 Year Facility Agreement (Vodafone Group Public LTD Co)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Term Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orU.S. Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US U.S. Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender’s Commitment) an amount equal to its Agreed Percentage (without set-off, counterclaim, withholding or other deduction) of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under (as defined in Clause 10.4 8.4(a) (Default Interestinterest)) which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.4 (Default Interestinterest) accordingly. The obligations of each Lender under this paragraph (b) are unconditional and shall not be affected by the occurrence or continuance of a Default.

Appears in 1 contract

Samples: 364 Day Facility Agreement (Vodafone Group Public LTD Co)

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Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the relevant Swingline BanksBank. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event that a Swingline Advance is not so repaid each Bank (other than a Swingline Bank) will within four Business Days of a demand to that effect from the Agent or, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates an amount equal to its Agreed Percentage of the principal of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such Bank. The relevant Borrower shall forthwith reimburse the Banks (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks under this paragraph (b) shall be deemed to be an overdue amount under (as defined in Clause 10.4 8.4(a) (Default Interestinterest)) which fell due for payment by the relevant Borrower on the day on which the payment by the Banks giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.4 (Default Interestinterest) accordingly.

Appears in 1 contract

Samples: Term and Revolving Credit Facility (Powergen PLC)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orU.S. Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US U.S. Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender’s Commitment) an amount equal to its Agreed Percentage (without set-off, counterclaim, withholding or other deduction) of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under Clause 10.4 (Default Interest) Overdue Amount which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 9.3 (Default Interestinterest) accordingly. The obligations of each Lender under this paragraph (b) are unconditional and shall not be affected by the occurrence or continuance of a Default.

Appears in 1 contract

Samples: Facility Agreement (Vodafone Group Public LTD Co)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Term Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orU.S. Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US U.S. Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender's Commitment) an amount equal to its Agreed Percentage of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under (as defined in Clause 10.4 8.4(a) (Default Interestinterest)) which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.4 (Default Interestinterest) accordingly.

Appears in 1 contract

Samples: Revolving Credit Facility (Vodafone Group Public LTD Co)

Repayment of Swingline Advances. (a) Each Borrower shall repay each Swingline Advance made to it in full on its Maturity Date to the Agent or, in the case of Swingline Advances in U.S. Dollars, the US Swingline Agent for the Swingline BanksLenders. No Swingline Advance may be outstanding after the Tranche B Final Maturity Date. (b) Each Swingline Advance shall be repaid on its Maturity Date in accordance with paragraph (a) above. In the event and to the extent that a Swingline Advance is not so repaid repaid, each Bank (other than a Swingline Bank) will Lender will, within four Business Days of a demand to that effect from the Agent orU.S. Swingline Agent, as the case may be, the US Swingline Agent pay to the Agent or, as the case may be, the US U.S. Swingline Agent on behalf of the Swingline Banks and their Swingline Affiliates Lenders (which shall be deemed to be a drawing of that Lender’s Commitment) an amount equal to its Agreed Percentage (without set-off, counterclaim, withholding or other deduction) of the principal amount outstanding of such Swingline Advance and accrued interest (including default interest) thereon to the date of actual payment by such BankLender (provided that no Lender shall be obliged to exceed its Commitment as a result of any such payment). The relevant Borrower shall forthwith reimburse the Banks Lenders (through the Agent or, as the case may be, the US Swingline Agent) in full for each payment made by the Banks Lenders under this paragraph (b). Each amount the relevant Borrower is required to reimburse to the Banks Lenders under this paragraph (b) shall be deemed to be an overdue amount under Clause 10.4 (Default Interest) Overdue Amount which fell due for payment by the relevant Borrower on the day on which the payment by the Banks Lenders giving rise to the reimbursement obligation was made and shall accrue default interest under Clause 10.4 8.3 (Default Interestinterest) accordingly. The obligations of each Lender under this paragraph (b) are unconditional and shall not be affected by the occurrence or continuance of a Default.

Appears in 1 contract

Samples: Facility Agreement (Vodafone Group Public LTD Co)

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