Common use of Repayments of Interest Advances or the Final Advance Clause in Contracts

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.7 and 2.9, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid Advance"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.7. Subject to Sections 2.6, 2.7 and 2.9, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made and all Applied Downgrade Advances on the same day they

Appears in 6 contracts

Samples: Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc)

AutoNDA by SimpleDocs

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.7 and 2.9, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid Advance"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.7. Subject to Sections 2.6, 2.7 and 2.9, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made and all Applied Downgrade Advances on the same day theythey became Applied Downgrade Advances pursuant to Section 2.

Appears in 3 contracts

Samples: Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc)

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.6, 2.7 and 2.9, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid Advance"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.7. Subject to Sections 2.6, 2.7 and 2.9, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made and all Applied Downgrade Advances on the same day theythey become Applied Downgrade Advances in accordance with Section 2.6

Appears in 3 contracts

Samples: Irrevocable Revolving Credit Agreement (Midway Airlines Corp), Irrevocable Revolving Credit Agreement (Midway Airlines Corp), Irrevocable Revolving Credit Agreement (Midway Airlines Corp)

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.7 2.07 and 2.92.09, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid Advance"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.73.07. Subject to Sections 2.62.06, 2.7 2.07 and 2.92.09, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made and all Applied Downgrade Advances on the same day theythey become Applied Downgrade Advances in accordance with Section 2.06

Appears in 2 contracts

Samples: Irrevocable Revolving Credit Agreement (Federal Express Corp), Irrevocable Revolving Credit Agreement (Federal Express Corp)

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.7 and 2.9, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid Advance"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.7. Subject to Sections 2.6, 2.7 and 2.9, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made and all Applied Downgrade Advances and Applied Non-Extension Advances on the same day theythey become Applied Downgrade Advances or Applied Non-Extension Advances, as applicable, in accordance with Section 2.6

Appears in 2 contracts

Samples: Irrevocable Revolving Credit Agreement (Northwest Airlines Corp), Irrevocable Revolving Credit Agreement (Northwest Airlines Corp)

AutoNDA by SimpleDocs

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.7 2.07 and 2.92.09, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid Advance"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.73.07. Subject to Sections 2.62.06, 2.7 2.07 and 2.92.09, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made made. The Borrower and all Applied Downgrade Advances the Liquidity Provider agree that the repayment in full of each Interest Advance and Final Advance on the same day theydate such Advance is made is intended to be a contemporaneous exchange for new value given to the Borrower by the Liquidity Provider.

Appears in 2 contracts

Samples: Revolving Credit Agreement (United Air Lines Inc), Revolving Credit Agreement (United Air Lines Inc)

Repayments of Interest Advances or the Final Advance. Subject to Sections 2.7 and 2.9, the Borrower hereby agrees to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Interest Advance or the Final Advance (any such Interest Advance or the Final Advance, until repaid, is referred to herein as an "Unpaid AdvanceUNPAID ADVANCE"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.7. Subject to Sections 2.6, 2.7 and 2.9, unless otherwise waived by the Liquidity Provider, the Borrower shall be obligated, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to repay the Liquidity Provider for all Interest Advances and Final Advances on the same day as made and all Applied Downgrade Advances and Applied Non-Extension Advances on the same day theythey become Applied Downgrade Advances or Applied Non-Extension Advances, as applicable, in accordance with Section 2.6

Appears in 1 contract

Samples: Irrevocable Revolving Credit Agreement (Northwest Airlines Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!