SECURITY FOR BORROWINGS Sample Clauses

SECURITY FOR BORROWINGS. As general and continuing security for the performance of all obligations of the Borrower hereunder and the prompt payment when due by the Borrower of Borrowings under the Credit Facility and interest thereon and all other money for the time being and from time to time owing by the Borrower hereunder, including Standby Fees, Documentary Credit Fees and other fees, default interest, fees for Swap Contracts, Swap Termination Values, fees and liabilities in respect of EFT Transfers and PDS Services, the Borrower shall, subject to the provisions of this Agreement, execute and deliver, or cause to be executed and delivered to Royal the following:
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SECURITY FOR BORROWINGS. 4.1 Release of Certain Security 4.2 Security for Borrowings 4.3 Conflict Between the Agreement and Royal’s Security 4.4 Payment 4.5 Guarantees
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SECURITY FOR BORROWINGS. 4.1 Release of Certain Security As of the Closing Date, the Security Agreement, the Section 427 Security and Borrower Subsidiaries’ Security Agreements are hereby terminated and any security interests granted thereunder are hereby released. On the Closing Date, Royal will execute and deliver to the Borrower such releases, reconveyances, termination statements or other documents (“Release Documents”) as may be required to release the security interests granted thereunder.
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SECURITY FOR BORROWINGS. As general and continuing security for the performance of all obligations of the Borrower hereunder and the prompt payment when due by the Borrower of its Borrowings under the Credit Facility and interest thereon and all other money for the time being and from time to time owing by the Borrower hereunder including fees, Breakage Costs, standby fees and other fees, default interest and the Borrower's guarantee of LGII's Breakage Costs, the Borrower shall confirm to Royal the continued designation of the Agreement as Class A Secured Indebtedness (as defined in the Collateral Trust Agreement) pursuant to the Collateral Trust Agreement, and entry on Schedule 1 of the Collateral Trust Agreement and the continued validity and enforceability of the Collateral Trust Security.
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SECURITY FOR BORROWINGS. As general and continuing security for the performance of all obligations of the Borrower hereunder and the prompt payment when due by the Borrower of Borrowings under the Credit Facility and interest thereon and all other money for the time being and from time to time owing by the Borrower hereunder, including the Facility Fee, Documentary Credit Fees and other fees, default interest, fees for Swap Contracts, Swap Termination Values, fees and liabilities in respect of EFT Transfers and PDS Services, the Borrower confirms that, subject to the provisions of this Agreement, it has executed and delivered or caused to be executed and delivered, or shall execute and deliver, or cause to be executed and delivered to Royal the following:
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SECURITY FOR BORROWINGS. 5.1.1 As general and continuing security for the performance of all obligations of the Borrower hereunder and the prompt payment when due by the Borrower of its Borrowings under the Credit Facility and interest thereon and all other money for the time being and from time to time owing by the Borrower hereunder including, without limitation, fees and default interest, the Borrower shall, subject to the provisions of the Agreement, execute and deliver, or cause to be executed and delivered, to the Lender, the Coscto US Guaranty.
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SECURITY FOR BORROWINGS. Legal liability for the borrowings disclosed by Xxxxxxxxx Power Corporation Ltd rests with either the State Electricity Commission of Victoria (SECV), or Treasury Corporation of Victoria (TCV), depending on whether or not the debt has been novated to TCV, or still remains as an SECV legal liability. These loans are guaranteed by the State Government of Victoria. For debt already novated to TCV, back-to-back loans have been established between TCV and Xxxxxxxxx Power Corporation Ltd. Pursuant to Section 36D of the Treasury Corporation of Victoria (Debt Centralisation) Xxx 0000, Xxxxxxxxx Power Corporation Ltd will reimburse TCV for all settlement amounts relating to these loans. For debt not yet novated to TCV, Xxxxxxxxx Power Corporation Ltd effectively operates as a paying agent for the SECV, settling all obligations direct with the investors or their paying agents.
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Related to SECURITY FOR BORROWINGS

  • Requests for Borrowings To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Purpose of Loans and Letters of Credit The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • Treatment of Outstanding Loans and Letters of Credit 25 2.6 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative Agent; Repayment of Revolving Credit Loans; Repayment of Swing Loans 26

  • First Loans and Letters of Credit On the Closing Date:

  • Borrowings to Repay Swing Loans PNC may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender shall make a Revolving Credit Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC so requests, accrued interest thereon, provided that no Lender shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment minus its Ratable Share of Letter of Credit Obligations. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision. PNC shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.6.5 and of the apportionment among the Lenders, and the Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.5.1 [Revolving Credit Loan Requests] are then satisfied) by the time PNC so requests, which shall not be earlier than 3:00 p.m. on the Business Day next after the date the Lenders receive such notice from PNC.

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used for working capital, for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for the payment of fees and expenses incurred in connection with this Agreement and for any other general business purposes. The Credit Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • Loans and Letters of Credit On the Closing Date:

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • The Advances and Letters of Credit (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect of any Advances to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Borrowing) not to exceed such Lender’s Unused Commitment at such time. Each Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a).

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