Common use of Shortfall on Drawdowns, Rollovers and Conversions Clause in Contracts

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to an Advance under the Credit.

Appears in 2 contracts

Samples: Revolving Term Credit Agreement (Rogers Communications Inc), Bridge Credit Agreement (Rogers Communications Inc)

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Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; following shall be funded and paid by the Borrower Borrowers from its their own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is Borrowers are otherwise entitled to an Advance under the Credit.: (a) the difference between the amount of an Advance requested by a Borrower by way of Bankers’ Acceptances and the actual proceeds of the Bankers’ Acceptances, if such Xxxxxxxx has directed the Agent to make specific use of the amount requested; (b) the difference between the actual proceeds of a Bankers’ Acceptance and the amount required to pay a maturing Bankers’ Acceptance, if a Bankers’ Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers’ Acceptance and the amount required to repay any Advance which is being converted to a Bankers’ Acceptance;

Appears in 2 contracts

Samples: Second Amending Agreement (ATS Corp /ATS), Credit Agreement (ATS Corp /ATS)

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Banker’s Acceptances and the actual proceeds of the Bankers' Banker’s Acceptances; (b) the difference between the actual proceeds of a Bankers' Banker’s Acceptance and the amount required to pay a maturing Bankers' Banker’s Acceptance, if a Bankers' Banker’s Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Banker’s Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Banker’s Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to an Advance under the Credit.

Appears in 2 contracts

Samples: Credit Agreement (Waste Management Inc), Credit Agreement (Convergys Corp)

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to an Advance under the Credit.

Appears in 1 contract

Samples: Credit Agreement (Rogers Communications Inc)

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance applicable Drawdown Date or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to such an Advance under the CreditAdvance.

Appears in 1 contract

Samples: Credit Agreement (Agnico Eagle Mines LTD)

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance applicable Drawdown Date or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to such an Advance under the CreditAdvance.

Appears in 1 contract

Samples: Third Amended and Restated Credit Agreement (Agnico Eagle Mines LTD)

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; following shall be funded and paid by the Borrower Borrowers from its their own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is Borrowers are otherwise entitled to an Advance under the Credit.: (a) the difference between the amount of xxx BA Advance requested by a Borrower by way of Bankers’ Acceptances and the actual proceeds of the Bankers’ Acceptances, if such Xxxxxxxx has directed the Agent to make specific use of the amount requested; (b) the difference between the actual proceeds of a Bankers’ Acceptance and the amount required to pay a maturing Bankers’ Acceptance, if a Bankers’ Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers’ Acceptance and the amount required to repay any Advance which is being converted to a Bankers’ Acceptance;

Appears in 1 contract

Samples: Third Amending Agreement (ATS Corp /ATS)

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Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: : (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; ; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the applicable Credit if the Borrower is otherwise entitled to an Advance under the that Credit.

Appears in 1 contract

Samples: Loan Agreement (Rogers Communications Inc)

Shortfall on Drawdowns, Rollovers and Conversions. The following shall be funded and paid by the Borrower agrees thatfrom its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to an Advance under the Credit: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the Credit if the Borrower is otherwise entitled to an Advance under the Credit.

Appears in 1 contract

Samples: Credit Agreement (International Royalty Corp)

Shortfall on Drawdowns, Rollovers and Conversions. The Each Borrower agrees that: (a) the difference between the amount of an Advance requested by the Borrower by way of Bankers' Acceptances and the actual proceeds of the Bankers' Acceptances; (b) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to pay a maturing Bankers' Acceptance, if a Bankers' Acceptance is being rolled over; and (c) the difference between the actual proceeds of a Bankers' Acceptance and the amount required to repay any Advance which is being converted to a Bankers' Acceptance; shall be funded and paid by the Borrower from its own resources, by 11:00 a.m. on the day of the Advance or may be advanced as a Prime Rate Advance under the a Credit if the Borrower is otherwise entitled to an Advance under the Credit.

Appears in 1 contract

Samples: Credit Agreement (CHC Helicopter Corp)

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