Repayment of the Facility. (A) Subject to paragraph (B) below, all Loans outstanding under the Facility will be repaid semi-annually on each successive 15 June and 15 December commencing on 15 June 2014. Repayment Instalments will be sufficient to ensure that the Amortisation Schedule is met.
(B) Any repayment made during the Availability Period may be redrawn, but any repayment may not be redrawn after the expiry of the Availability Period.
Repayment of the Facility. The Borrower must repay in full the outstanding Borrowings and pay all other amounts owing hereunder on the Facility Maturity Date.
Repayment of the Facility. The Borrower must repay in full the outstanding Borrowings under the Facility and pay all other amounts owing under such facility on the Maturity Date.
Repayment of the Facility. Cascades must repay in full the outstanding Borrowings and pay all other amounts owing under Tranche A on the Facility Maturity Date. Cascades US must repay in full all outstanding Borrowings and pay all other amounts owing under Tranche B on the Facility Maturity Date. Cascades Europe must repay in full its outstanding Borrowings and pay all other amounts owing by it under Tranche C on the Facility Maturity Date.
Repayment of the Facility. (a) Provided that the Facility is not prepaid or accelerated in accordance with Article 11, the Borrower shall repay the principal amount of all Advances outstanding under the Facility, together with accrued and unpaid interest thereon, on the Maturity Date.
(b) In the event that the sum of (i) the aggregate principal amount of Prime Rate Advances, (ii) the Face Amount of Bankers' Acceptances, (iii) the maximum amount which may be drawn in Canadian Dollars and the Equivalent Amount in Canadian Dollars of the maximum amount which may be drawn in U.S. Dollars under Letters of Credit which have been issued and are outstanding, (iv) the Equivalent Amount in Canadian Dollars of the aggregate principal amount of Libor Advances, and (v) the Equivalent Amount in Canadian Dollars of the aggregate principal amount of U.S. Base Rate Advances, in each case outstanding under the Facility (such amount being referred to in this Section 2.6 as the "Outstanding Amount"), exceeds the amount allowed pursuant to Section 2.3(b) for any reason whatsoever (including changes in the Canadian Dollar/U.S. Dollar exchange rate), then any Lender may, by notice to the Borrower, require the Borrower to repay, within two Banking Days of receipt of such notice, that portion of the Outstanding Amount which is in excess of the maximum amount allowed pursuant to Section 2.3(b) determined on the date of such notice; provided, however, that if the Outstanding Amount exceeds the Available Amount solely because of changes in the Canadian Dollar/U.S. Dollar exchange rate (and does not exceed the amount of the Borrowing Base), then unless the amount by which the Outstanding Amount exceeds the Available Amount is greater than Cdn. $750,000, the Borrower shall not be obliged to make a repayment hereunder until the next following Interest Date, Drawdown Date, date of Rollover or date of Conversion (whichever is the first to occur following receipt of such notice) and provided further that if such repayment would result in the repayment of a Bankers' Acceptance Advance prior to its maturity date or the repayment of a Libor Advance prior to the last day of its Interest Period, the Borrower may, at its option and in lieu of repayment of such Advances, deposit with the Administrative Agent cash collateral in an amount equal to the required repayment amount to be held by the Administrative Agent as repayment of a Bankers' Acceptance Advance on its maturity date or repayment of a Libor Advance on the last ...
Repayment of the Facility. 6.2.1 The repayment of the aggregate of the Advances drawn down by March 31, 1999 is due in equal quarterly installments between March 31, 1999 and December 31, 2006.
6.2.2 The Borrower must provide sufficient funds on their respective accounts without special notice from the Bank to the extent and at maturity dates specified here in covering the loan amount and interest due; the Borrower acknowledges that the Bank is entitled to transfer funds from the above described accounts to the facility settlement account on due dates without any special instructions.
6.2.3 The day when the Bank credits the repaid amount to the facility settlement account is the day when the Borrower satisfies its payment obligations.
Repayment of the Facility. Each of Cascades and Boxboard must repay in full its outstanding Borrowings and pay all other amounts owing by it under Tranche A on the Facility Maturity Date. Each of Cascades US and Boxboard US must repay in full its outstanding Borrowings and pay all other amounts owing by it under Tranche B on the Facility Maturity Date. Each of Cascades Europe, Boxboard Europe and Boxboard Germany must repay in full its outstanding Borrowings and pay all other amounts owing by it under Tranche C on the Facility Maturity Date.
Repayment of the Facility. (i) Subject to Article 4.3 below, the Borrower shall make repayment of the Facility on the respective Due Date/s including, without limitation, the Interest on the Interest Payment Date/s.The Parties agree and acknowledge that the repayment schedule (as detailed in the Letter of Intent or as maybe communicated to the Borrower at the time of disbursal under the Facility) setting out the repayment dates has been prepared assuming a drawdown of the entire Facility. In the event that the Facility is not drawn down in its entirety at the expiry of the Availability Period, the amounts in the repayment schedule shall automatically without any further act or thing be deemed to be adjusted downwards on a proportionate basis based on the amounts of the Facility which have actually been drawn down until the expiry of the Availability Period,but shall be payable on the same repayment dates as specified in such repayment schedule.
(ii) No notice, reminder or intimation shall be given to the Borrower regarding its obligation to pay the amounts payable hereunder when the same are due and payable on the relevant Due Dates and it shall be entirely the Borrower's responsibility to ensure prompt and regular payment of the amount payable by the Borrower to the Lender on the respective Due Dates, and in the manner herein provided.
(iii) Notwithstanding anything to the contrary contained herein, the Borrower acknowledges and agrees that the Lenderreserves the right to and may in its sole and absolute discretion and without assigning any reason therefor make a demand on the Borrower at any time to forthwith repay all or part of the Facility Outstanding in relation to the Facility and on such demand being made the Borrower shall be bound to make payment of the Facility Outstanding forthwith.
Repayment of the Facility. (A) All Loans outstanding under the Facility will be repaid semi-annually on each Repayment Date, in accordance with the Facility Reduction Schedule to the extent necessary to ensure that the amount of Loans outstanding on the day after that Repayment Date does not exceed the Total Commitments at that time.
(B) Any repayment made during the Availability Period may be reutilised in accordance with this Agreement, but no repayment may be redrawn after the expiry of the Availability Period.
(C) Without prejudice to the Borrower’s obligation under paragraph (A) if:
(i) one or more Loans are to be made available to the Borrower:
(a) on the same day that a maturing Loan is due to be repaid by it;
(b) in whole or in part for the purpose of refinancing the maturing Loan; and
(ii) the proportion borne by each Xxxxxx’s participation in the maturing Loan to the amount of that maturing Loan is the same as the proportion borne by that Xxxxxx’s participation in the new Loans to the aggregate amount of those new Loans, the aggregate amount of the new Loans shall, unless the Borrower notifies the Facility Agent to the contrary in the relevant Utilisation Request, be treated as if applied in or towards repayment of the maturing Loan so that:
(A) if the amount of the maturing Loan exceeds the aggregate amount of the new Loans:
Repayment of the Facility. The Borrower shall repay those sums (if any) necessary on each Repayment Date to ensure that the Facility does not exceed the Commitment as determined on that Repayment Date by reference to Schedule 5 (as such Schedule may be amended from time to time in accordance with the provisions of this Agreement) Provided that the Lender shall be entitled to conduct a review of the Borrower’s utilisation of the Working Capital Advances on the date falling 18 months from the Availability Date and annually thereafter until the Termination Date and, if, following such review, the Lender, in its sole and absolute discretion, determines that one or more of the Working Capital Advances should be repaid, the Lender shall notify the Borrower accordingly and the Commitment shall be reduced by the amount so repaid; the figures set out in Schedule 5 shall be adjusted downwards accordingly at such time. The Lender shall be entitled to debit the Operating Account without prior notice on the Repayment Dates in order to discharge any amount payable to it under this Clause 7.1.
