Common use of Optional Repayments of Facility A Loan Clause in Contracts

Optional Repayments of Facility A Loan. 8.2.1 At any time prior to the Facility A Maturity Date, subject to Section 8.78.9, the Canadian Borrower may elect to repay by a Notice of Optional Repayment received by the Administrative Agent and on the Optional Repayment Date set forth therein the Canadian Borrower shall repay to the Administrative Agent for the account of the Lenders in CDollars or USDollars as the case may be, all or part of the Facility A Loan outstanding by way of Canadian Rate Advances, US Base Rate Advances and SOFR Advances with interest accrued to the date of such repayment. Within the limits of the Facility A Available Commitment and subject to the terms of this Agreement, the Canadian Borrower may reborrow under the Facility A Credit any amount so repaid; for greater certainty, the Canadian Borrower may not reborrow any amount repaid after the Facility A Termination Date. The provisions of this Section 8.2.1 shall not apply to the repayment of Swingline Advances, which repayment may be made by the Canadian Borrower at any time and without notice.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

AutoNDA by SimpleDocs

Optional Repayments of Facility A Loan. 8.2.1 At any time prior to the Facility A Maturity Date, subject to Section 8.78.98.7, the Canadian Borrower may elect to repay by a Notice of Optional Repayment received by the Administrative Agent and on the Optional Repayment Date set forth therein the Canadian Borrower shall repay to the Administrative Agent for the account of the Lenders in CDollars or USDollars as the case may be, all or part of the Facility A Loan outstanding by way of Canadian Rate Advances, US Base Rate Advances and SOFR LIBO Rate Advances with interest accrued to the date of such repayment. Within the limits of the Facility A Available Commitment and subject to the terms of this Agreement, the Canadian Borrower may reborrow under the Facility A Credit any amount so repaid; for greater certainty, the Canadian Borrower may not reborrow any amount repaid after the Facility A Termination Date. The provisions of this Section 8.2.1 shall not apply to the repayment of Swingline Advances, which repayment may be made by the Canadian Borrower at any time and without notice.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Optional Repayments of Facility A Loan. 8.2.1 At any time prior to the Facility A Maturity Date, subject to Section 8.78.98.7, the Canadian Borrower may elect to repay by a Notice of Optional Repayment received by the Administrative Agent and on the Optional Repayment Date set forth therein the Canadian Borrower shall repay to the Administrative Agent for the account of the Lenders in CDollars or USDollars as the case may be, all or part of the Facility A Loan outstanding by way of Canadian Rate Advances, US Base Rate Advances and XXXX Xxxx SOFR Advances with interest accrued to the date of such repayment. Within the limits of the Facility A Available Commitment and subject to the terms of this Agreement, the Canadian Borrower may reborrow under the Facility A Credit any amount so repaid; for greater certainty, the Canadian Borrower may not reborrow any amount repaid after the Facility A Termination Date. The provisions of this Section 8.2.1 shall not apply to the repayment of Swingline Advances, which repayment may be made by the Canadian Borrower at any time and without notice.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Optional Repayments of Facility A Loan. 8.2.1 7.2.1 At any time prior to the Facility A Maturity Date, subject to Section 8.78.97.8, the Canadian Borrower may elect to repay by a Notice of Optional Repayment received by the Administrative Agent and on the Optional Repayment Date set forth therein the Canadian Borrower shall repay to the Administrative Agent for the account of the Lenders in CDollars or USDollars as the case may be, all or part of the Facility A Loan outstanding by way of Canadian Rate Advances, US Base Rate Advances and SOFR LIBO Rate Advances with interest accrued to the date of such repayment. Within the limits of the Facility A Available Commitment and subject to the terms of this Agreement, the Canadian Borrower may reborrow under the Facility A Credit any amount so repaid; for greater certainty, the Canadian Borrower may not reborrow any amount repaid after the Facility A Termination Date. The provisions of this Section 8.2.1 7.2.1 shall not apply to the repayment of Swingline Advances, which repayment may be made by the Canadian Borrower at any time and without notice.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

AutoNDA by SimpleDocs

Optional Repayments of Facility A Loan. 8.2.1 At any time prior to the Facility A Maturity Date, subject to Section 8.78.98.9, the Canadian Borrower may elect to repay by a Notice of Optional Repayment received by the Administrative Agent and on the Optional Repayment Date set forth therein the Canadian Borrower shall repay to the Administrative Agent for the account of the Lenders in CDollars or USDollars as the case may be, all or part of the Facility A Loan outstanding by way of Canadian Rate Advances, US Base Rate Advances and SOFR Advances with interest accrued to the date of such repayment. Within the limits of the Facility A Available Commitment and subject to the terms of this Agreement, the Canadian Borrower may reborrow under the Facility A Credit any amount so repaid; for greater certainty, the Canadian Borrower may not reborrow any amount repaid after the Facility A Termination Date. The provisions of this Section 8.2.1 shall not apply to the repayment of Swingline Advances, which repayment may be made by the Canadian Borrower at any time and without notice.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.