Rollovers. In order to satisfy the continuing liability of the Borrower to a Lender for the face amount of maturing Bankers’ Acceptances accepted by such Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ Acceptances being rolled over pay to the Agent for the account of the Lenders an amount equal to the difference between the face amount of the maturing Bankers’ Acceptances and the Discount Proceeds from the new Bankers’ Acceptances, together with the acceptance fees to which the Lenders are entitled pursuant to Section 6.2.
Appears in 6 contracts
Samples: Credit Agreement, Credit Agreement (Enbridge Inc), Credit Agreement (Enbridge Inc)
Rollovers. In order to satisfy the continuing liability of the Borrower to a Lender for the face amount amounts of maturing Bankers’ Acceptances accepted by such Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ Acceptances being rolled over pay to the Agent for the account of the Lenders an amount equal to the difference between the face amount amounts of the maturing Bankers’ Acceptances and the Discount Proceeds from the new Bankers’ Acceptances, Acceptances together with the acceptance fees to which the Lenders are entitled pursuant to Section 6.2.
Appears in 4 contracts
Samples: Credit Agreement (Potash Corp of Saskatchewan Inc), Credit Agreement (Potash Corp of Saskatchewan Inc), Revolving Term Credit Facility (Potash Corp of Saskatchewan Inc)
Rollovers. In order to satisfy the continuing liability of the Borrower to a the Lender for the face amount of maturing Bankers’ Acceptances accepted by such the Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ Acceptances being rolled over pay to the Agent for the account of the Lenders Lender an amount equal to the difference between the face amount of the maturing Bankers’ Acceptances and the Discount Proceeds from the new Bankers’ Acceptances, together with the acceptance fees to which the Lenders are Lender is entitled pursuant to Section 6.2.
Appears in 2 contracts
Samples: Credit Agreement (Powell Industries Inc), Credit Agreement (Powell Industries Inc)
Rollovers. In order to satisfy the continuing liability of the Borrower to a Lender for the face amount of maturing Bankers’ ' Acceptances accepted by such Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ ' Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ ' Acceptances being rolled over pay to the Agent for the account of the Lenders an amount equal to the difference between the face amount of the maturing Bankers’ ' Acceptances and the Discount Proceeds from the new Bankers’ ' Acceptances, together with the acceptance fees to which the relevant Lenders are entitled pursuant to Section 6.2.
Appears in 2 contracts
Samples: Credit Facilities (Hammerhead Energy Inc.), Credit Agreement
Rollovers. In order to satisfy the continuing liability of the Borrower to a Lender for the face amount of maturing Bankers’ Acceptances accepted by such Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ Acceptances being rolled over pay to the Agent for the account of the applicable Lenders or the Operating Lender, as applicable, an amount equal to the difference between the face amount of the maturing Bankers’ Acceptances and the Discount Proceeds from the new Bankers’ Acceptances, together with the acceptance fees to which the Lenders are entitled pursuant to Section 6.2.
Appears in 1 contract
Samples: Credit Agreement
Rollovers. In order to satisfy the continuing liability of the Borrower to a Lender for the face amount of maturing Bankers’ Acceptances accepted by such Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ Acceptances being rolled over pay to the Agent for the account of the Lenders an amount equal to the difference between the face amount of the maturing Bankers’ Acceptances and the Discount Proceeds from the new Bankers’ Acceptances, together with the acceptance fees to which the relevant Lenders are entitled pursuant to Section 6.2.
Appears in 1 contract
Rollovers. In order to satisfy the continuing liability of the Borrower to a Lender for the face amount of maturing Bankers’ ' Acceptances accepted by such Lender, the Lender shall receive and retain for its own account the Discount Proceeds of new Bankers’ ' Acceptances issued on a Rollover, and the Borrower shall on the maturity date of the Bankers’ ' Acceptances being rolled over pay to the Agent for the account of the Lenders an amount equal to the difference between the face amount of the maturing Bankers’ ' Acceptances and the Discount Proceeds from the new Bankers’ ' Acceptances, together with the acceptance fees to which the Lenders are entitled pursuant to Section 6.2.
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