Common use of Immediately payable Clause in Contracts

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the Borrower shall repay or prepay that amount immediately.

Appears in 5 contracts

Samples: Assignment Agreement (Platinum Underwriters Holdings LTD), Facility Agreement (British Sky Broadcasting Group PLC), Facilities Agreement (Melco Crown Entertainment LTD)

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Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be becomes immediately payable, the relevant Borrower under the Revolving Facility to which such Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 4 contracts

Samples: Gtech Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit shall repay or prepay that amount immediately.

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Enodis PLC), Linde PLC

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit shall repay or prepay that amount immediately.

Appears in 1 contract

Samples: Facilities Agreement (Molson Coors Brewing Co)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the Senior Borrower shall repay or prepay that amount immediately.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

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Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the Borrower that requested the issue of that Letter of Credit shall repay or prepay that amount immediately. 7.2.

Appears in 1 contract

Samples: Agreement (Paradigm Ltd.)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit is expressed to be immediately payable, the relevant Borrower shall repay or prepay that amount immediately.

Appears in 1 contract

Samples: Facility Agreement (British Sky Broadcasting Group PLC)

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