Termination of Credit Facilities. (a) A Credit Facility shall terminate upon the earliest to occur of: (i) the Maturity Date; (ii) the termination of such Credit Facility in accordance with Section 13.1; and (iii) the date on which the relevant Credit Facility has been permanently reduced to zero pursuant to Section 2.4. (b) Upon the termination of any Credit Facility, the right of the Borrowers to obtain or maintain credit under such Credit Facility and all of the obligations of the Lenders to make credit available under such Credit Facility shall automatically terminate.
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Samples: Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc)
Termination of Credit Facilities. (a) A Credit Facility shall terminate upon the earliest to occur of:
(i) the Maturity Date;
(ii) the termination of such the Credit Facility Facilities in accordance with Section 13.1; and;
(iiiii) the date on which the relevant Credit Facility Limit has been permanently reduced to zero pursuant to Section 2.42.3; and
(iii) the Applicable Maturity Date.
(b) Upon the termination of any a Credit Facility, the right of the Borrowers Borrower to obtain or maintain any credit under such Credit Facility and all of the obligations of the Lenders to make extend credit available under such Credit Facility shall automatically terminate.
Appears in 2 contracts
Samples: Credit Agreement (SilverCrest Metals Inc.), Credit Agreement (Orla Mining Ltd.)
Termination of Credit Facilities. (a) A Credit Facility shall terminate upon the earliest to occur of:
(i) the Maturity Date;
(ii) the termination of such Credit Facility in accordance with Section 13.1; and;
(iiiii) the date on which the relevant such Credit Facility has been permanently reduced to zero pursuant to Section 2.4.2.3; and
(biii) the relevant Maturity Date. Upon the termination of any a Credit Facility, the right of the Borrowers Borrower to obtain or maintain any credit under such Credit Facility thereunder and all of the obligations of the relevant Lenders to make extend credit available under such Credit Facility thereunder shall automatically terminate.
Appears in 1 contract
Samples: Credit Agreement (Yamana Gold Inc)
Termination of Credit Facilities. (a) A Credit Facility shall terminate upon the earliest to occur of:
(i) the Maturity Date;
(ii) the termination of such the Credit Facility Facilities in accordance with Section 13.1; and;
(iiiii) the date on which the relevant Credit Facility Limit has been permanently reduced to zero pursuant to Section 2.42.3; and
(iii) the Applicable Maturity Date.
(b) Upon the termination of any a Credit Facility, the right of the Borrowers to obtain or maintain any credit under such Credit Facility and all of the obligations of the relevant Lenders to make extend credit available under such Credit Facility shall automatically terminate.
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Termination of Credit Facilities. (a) A Credit Facility shall terminate upon the earliest to occur of:
(i) the Maturity Date;
(ii) the termination of such Credit Facility in accordance with Section 13.1; and;
(iiiii) the date on which the relevant such Credit Facility has been permanently reduced to zero pursuant to Section 2.42.3; and DM_TOR/208573-00204/2193933.9 (iii) the relevant Maturity Date.
(b) Upon the termination of any either Credit Facility, the right of the Borrowers Borrower to obtain or maintain any credit under such Credit Facility thereunder and all of the obligations of the Lenders to make extend credit available under such Credit Facility thereunder shall automatically terminate.
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