Common use of (i) Clause in Contracts

(i). (ii) The Borrowers shall execute and deliver to each Lender requesting a note, a note, an amended and restated note, or a second amended and restated note, as applicable, to evidence the Revolving Loan of that Lender. Each note shall be in the principal amount of the requesting Lender’s Pro Rata Share of the Maximum Revolver Amount, dated the date hereof and substantially in the form of Exhibit A (each a “Note” and, collectively, the “Notes”). Each Note shall represent the obligation of the Borrowers to pay the amount of the requesting Lender’s Pro Rata Share of the Maximum Revolver Amount, or, if less, such Lender’s Pro Rata Share of the aggregate unpaid principal amount of all Revolving Loans to the Borrowers together with interest thereon as prescribed in Section 2.1. The entire unpaid balance of the Revolving Loan and all other Obligations (other than Bank Products that the applicable Lender chooses not to terminate and indemnity obligations that survive the termination of this Agreement and are not due and payable at such termination) shall be immediately due and payable in full in immediately available funds on the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp)

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(i). (ii) The Borrowers shall execute and deliver to each Lender requesting a note, a note, an amended and restated note, or a second amended and restated note, as applicable, to evidence the Revolving Loan of that Lender. Each note shall be in the principal amount of the requesting Lender’s Pro Rata Share of the Maximum Revolver Amount, dated the date hereof and substantially in the form of Exhibit A (each a “Note” and, collectively, the “Notes”). Each Note shall represent the obligation of the Borrowers to pay the amount of the requesting Lender’s Pro Rata Share of the Maximum Revolver Amount, or, if less, such Lender’s Pro Rata Share of the aggregate unpaid principal amount of all Revolving Loans to the Borrowers together with interest thereon as prescribed in Section 2.1. The entire unpaid balance of the Revolving Loan Loans and all other Obligations (other than Bank Products that the applicable Lender chooses not to terminate and indemnity obligations that survive the termination of this Agreement and are not due and payable at such termination) shall be immediately due and payable in full in immediately available funds on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Westlake Chemical Corp)

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