Repayment of Loans definition

Repayment of Loans. Notwithstanding their rights pursuant to sub-section 5.1 in and to Letters of Credit and the proceeds thereof, Pool Creditors agree that if:- 5.16.1 a payment is received under a Letter of Credit after a sum has been withdrawn from the Pool Reserve Account to make good (in whole or in part) a discrepancy between amounts owed and amounts received by the due time on a particular Payment Date; and 5.16.2 the aggregate of the amounts paid out of the Pool Reserve Account and paid under the Letter of Credit exceeds the amounts owed in respect of the relevant Payment Date, then any excess paid under the Letter of Credit over the amount then remaining unpaid in respect of the relevant Payment Date shall be credited to the Pool Reserve Account. Where appropriate, any such credit shall pro tanto constitute repayment of any loans deemed to be made pursuant to paragraphs 21.1.3 or 21.1.5.
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Repayment of Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Maturity Date the aggregate principal amount of all Term B-1 Loans outstanding on such date. In the event any Incremental Term Loans, Other Term Loans or Extended Term Loans are made, such Incremental Term Loans, Other Term Loans or Extended Term Loans, as applicable, shall be repaid by the Borrower in the amounts and on the dates set forth in the Incremental Amendment, Refinancing Amendment or Extension Amendment with respect thereto and on the applicable Maturity Date thereof. The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders with Initial Term Loans, the aggregate principal amount of all Initial Term Loans on the Amendment No. 1 Effective Date, with a like amount of the gross proceeds of Term B-1 Loans made by the Additional Term B-1 Lender pursuant to Section 2.01(b), concurrently with receipt thereof.”
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Repayment of Loans notwithstanding their rights pursuant to sub-section 5.1 in and to Letters of Credit and the proceeds thereof, Pool Creditors agree that if:-
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Examples of Repayment of Loans in a sentence

  • Repayment of Loans; Evidence of Debt...............................

  • Repayment of Loans; Evidence of Debt....................................................

  • Such loans shall be payable on demand and shall be evidenced by one or more promissory notes.2.3.2. Repayment of Loans.

  • Repayment of Loans; Evidence of Debt..................................

  • Repayment of Loans; Evidence of Debt.........................................

  • Making of Loans; Repayment of Loans ................................................

  • Debt Service administration is comprised of the following sub-entities: Repayment of Loans and Interest (DS0), Repayment of Revenue Bonds (DT0), Schools Modernization Fund (SM0), Repayment of Interest on Short-Term Borrowings (ZA0), Debt Service - Issuance Costs (ZB0), and Commercial Paper Program (ZC0).

  • Repayment of Loans; Evidence of Debt............................................

  • Repayment of Loans; Evidence of Indebtedness.....................................................17 SECTION 2.06.

  • Repayment of Loans; Evidence of Debt.....................................................


More Definitions of Repayment of Loans

Repayment of Loans. The Parties acknowledge that the Executive is indebted to the Corporation in the amount of CA$ 906,750 pursuant to the letter agreement between Abitibi-Consolidated Inc. and the Executive dated September 10,1999, which amount shall be repaid pursuant to Section 3(a)(i) of this Amendment.”
Sample 1
Repayment of Loans of the Original Loan Agreement is hereby deleted in its entirety and the following is hereby inserted in lieu thereof:
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Related to Repayment of Loans

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Prepayment means, with respect to any Receivable, any prepayment, whether in part or in full, in respect of such Receivable.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Waivable Mandatory Prepayment shall have the meaning assigned to such term in Section 2.11(e).

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

  • Revolving Loans as defined in Section 2.4(a).

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.