Repayment of U. S. Revolving Credit Loans; Evidence of Debt.....................................36 2.3 Procedure for U.S. Revolving Credit Borrowing..................................................37 2.4 Termination or Reduction of U.S. Revolving Credit Commitments..................................38 2.5 Borrowings of U.S. Revolving Credit Loans and Refunding of Loans...............................38
Repayment of U. S. Revolving Credit Loans; Evidence of Debt. (a) The U.S. Borrower hereby unconditionally promises to pay to the General Administrative Agent for the account of each U.S. Lender the then unpaid principal amount of each U.S. Revolving Credit Loan of such U.S. Lender (whether made before or after the termination or expiration of the U.S. Revolving Credit Commitments) on the Revolving Credit Termination Date and on such other date(s) and in such other amounts as may be required from time to time pursuant to this Agreement. The U.S. Borrower hereby further agrees to pay interest on the unpaid principal amount of the U.S. Revolving Credit Loans from time to time outstanding until payment thereof in full at the rates per annum, and on the dates, set forth in subsection 10.1.
Repayment of U. S. Revolving Credit Loans;
Repayment of U. S. Swingline Loans. Airgas promises to pay the principal amount of all U.S. Swingline Loans on the earlier of (A) the maturity date agreed to by the U.S. Swingline Lender and Airgas with respect to such U.S. Swingline Loan (which maturity date shall not be a date more than thirty (30) days from the date of advance thereof) or (B) the Termination Date. The U.S. Swingline Lender may, at any time, in its sole discretion, by written notice to Airgas and the U.S. Lenders, demand repayment of its U.S. Swingline Loans by way of a Revolving U.S. Loan advance, in which case Airgas shall be deemed to have requested a Revolving U.S. Loan advance comprised solely of U.S. Base Rate Loans in the amount of such U.S. Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 (or if such date is not a Business Day, the first Business Day succeeding such date) and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section 9.2. Each U.S. Lender hereby irrevocably agrees to make its pro rata share of each such Revolving U.S. Loan in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (I) the amount of such borrowing may not comply with the minimum amount for advances of Revolving U.S. Loans otherwise required hereunder, (II) whether any conditions specified in Section 5.2 are then satisfied, (III) whether a Default or an Event of Default then exists, (IV) failure of any such request or deemed request for Revolving U.S. Loan to be made by the time otherwise required hereunder, (V) whether the date of such borrowing is a date on which Revolving U.S. Loans are otherwise permitted to be made hereunder or (VI) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing. In the event that any Revolving U.S. Loan cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code with respect to Airgas), then each U.S. Lender hereby agrees that it shall forthwith purchase (as of the date such borrowing would otherwise have occurred, but adjusted for any payments received from Airgas on or after such date and prior to such purchase) from the U.S. Swingline Lender s...
Repayment of U. S. TERM LOANS (a) The Tranche A Term Loan of each Tranche A Lender shall mature, and the Company unconditionally promises to pay such Tranche A Term Loan to the General Administrative Agent for the account of such Tranche A Lender, in 24 consecutive quarterly installments, commencing on August 31, 1998, each of which shall be in an amount equal to such Lender's Tranche A Term Loan Percentage multiplied by the amount set forth below opposite such installment: INSTALLMENT PRINCIPAL AMOUNT August 31, 1998 US$16,000,000 November 30, 1998 16,000,000 February 28, 1999 16,000,000 May 31, 1999 16,000,000 August 31, 1999 16,000,000 November 30, 1999 16,000,000 February 28, 2000 16,000,000 May 31, 2000 16,000,000 August 31, 2000 22,000,000 November 30, 2000 22,000,000 February 28, 2001 22,000,000 May 31, 2001 22,000,000 August 31, 2001 22,000,000 November 30, 2001 22,000,000 February 28, 2002 22,000,000 May 31, 2002 22,000,000 August 31, 2002 22,000,000 November 30, 2002 22,000,000 February 28, 2003 22,000,000 May 31, 2003 22,000,000 August 31, 2003 22,000,000 November 30, 2003 22,000,000 February 28, 2004 22,000,000 Tranche A Term Loan Maturity Date 22,000,000
Repayment of U. S. Revolving Credit Loans; Evidence of Debt..................................... 37 2.3 Procedure for U.S. Revolving Credit Borrowing.................................................. 38 2.4 Termination or Reduction of U.S. Revolving Credit Commitments.................................. 38 2.5 Borrowings of U.S. Revolving Credit Loans and Refunding of Loans............................... 39 2.6 Increase in U.S. Revolving Credit Commitments.................................................. 41 2.7 Term Loan Commitments.......................................................................... 43 2.8 Procedure for Term Loan Borrowing.............................................................. 43 2.9 Repayment of Term Loans; Evidence of Debt...................................................... 43
Repayment of U. S. Term Loan. Airgas promises to pay the outstanding principal amount of the U.S. Term Loan in eighteen (18) consecutive quarterly installments as follows (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 4.3), unless accelerated sooner pursuant to Section 9.2: U.S. Term Loan Principal Amortization Payment due on the Principal corresponding Amortization Principal Amortization Payment Dates Payment Date ------------- ---------------------- June 30, 2002 and September 30, 2002 2.50% December 31, 2002, March 31, 2003, June 30, 2003 and September 30, 2003 3.75% December 31, 2003, March 31, 2004, June 30, 2004 and September 30, 2004 5.00% December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005 6.25% December 31, 2005, March 31, 2006, June 30, 2006 and the Termination Date 8.75%
Repayment of U. S. Borrowings. The Company shall repay the principal of the U.S. Dollar Loans outstanding at the close of business on the Revolving Termination Date in 24 consecutive monthly principal installments, payable on the last day of each calendar month commencing with the first such date to occur after the Revolving Termination Date. The first 23 installments shall each be equal to 1/36 of the unpaid principal amount of the U.S. Dollar Loans outstanding on the Revolving Termination Date; and the final installment shall be in the remaining unpaid principal amount of the U.S. Dollar Loans.
Repayment of U. S. Bank Prepetition Indebtedness. The principal of and interest on, and all fees and expenses relating to, the U.S. Bank Prepetition Indebtedness shall have been paid in full through the exchange contemplated by Section 2.1 and the Priming Lien shall be in full force and effect.
Repayment of U. S. Swingline Loans. Airgas promises to pay the principal amount of all U.S. Swingline Loans on the earlier of (A) the maturity date agreed to by the U.S. Swingline Lender and Airgas with respect to such U.S. Swingline Loan (which maturity date shall not be a date more than thirty (30) days from the date of advance thereof) or (B) the Termination Date. The U.S. Swingline Lender may, at any time, in its sole discretion, by written notice to Airgas and the U.S. Revolving Lenders, demand repayment of its U.S. Swingline Loans by way of a U.S. Revolving
