Repayments of Advances. (a) Each Borrower shall repay the principal of all of the Advances and Demand Loans made to such Borrower on the Commitment Termination Date. Additionally, if at any time the sum of (i) the Dollar Equivalent of the aggregate principal amount of all Advances owed to any Lender plus (ii) such Lender’s Ratable Percentage of the Dollar Equivalent of the aggregate outstanding Letter of Credit Liabilities exceeds such Lender’s Commitment, each Borrower shall repay to the Lenders the Advances made to such Borrower in an amount necessary so that no Lender is owed a Dollar Equivalent principal amount of Advances that exceeds the sum of (y) such Lender’s Commitment minus (z) such Lender’s Ratable Percentage of the Dollar Equivalent of the outstanding Letter of Credit Liabilities. If any Borrower determines that any such payment is required, such Borrower shall notify the Administrative Agent promptly, and shall make such payments within two Business Days of such determination of such required payment and of the identity of the particular Advances being paid by such Borrower. If the Administrative Agent shall notify Pride that the Administrative Agent has determined that any payments are required under this Section 2.04, Pride and/or BVI Borrower shall make such payments no later than the second Business Day following Pride’s receipt of such notice. Any mandatory payment of Advances pursuant hereto shall not be limited by the notice provision for prepayments set forth in Section 2.09.
Repayments of Advances. All advances specified in this Article 5 and other debt due from the Company to the Members shall be paid by the Company to the respective Members, subject to any agreement to the contrary entered into in connection with the making of the relevant advance and unless otherwise provided herein, in proportion to the Members' Proportionate Interests.
Repayments of Advances. Amounts that would have been distributed to a Partner but for the application of such amount to repay advances by the Partnership to such Partner or interest or other amounts in respect of any such advances to such Partner shall be considered for purposes of determining the rights of Partners to other amounts that are distributed by the Partnership pursuant to this Agreement as having been distributed to such Partner pursuant to the provision of this Agreement pursuant to which it would have been distributed but for such application.
Repayments of Advances. (a) The Borrower shall repay the principal of all of the Advances on the Commitment Termination Date. Additionally, if at any time the sum of (i) the aggregate principal amount of all Advances owed to any Lender plus (ii) such Lender’s Ratable Percentage of the sum of the outstanding Letter of Credit Liabilities exceeds such Lender’s Commitment, the Borrower shall ratably repay to the Lenders the Advances in an amount necessary so that no Lender is owed a principal amount of Advances that exceeds the sum of (y) such Lender’s Commitment minus (z) such Lender’s Ratable Percentage of the outstanding Letter of Credit Liabilities.
Repayments of Advances
