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