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

Optional Repayments of Facility D Loan. 8.6.1 At any time prior to the Facility D Maturity Date, subject to Section 8.78.9, the US 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 US Borrower shall repay to the Administrative Agent for the account of the Lenders in USDollars all or part of the Facility D Loan outstanding by way of US Prime Rate Advances and SOFR Advances with interest accrued to the date of such repayment. Within the limits of the Facility D Available Commitment and subject to the terms of this Agreement, the US Borrower may reborrow under the Facility D Credit any amount so repaid; for greater certainty, the US Borrower may not reborrow any amount repaid after the Facility D Termination Date.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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Optional Repayments of Facility D Loan. 8.6.1 At any time prior to the Facility D Maturity Date, subject to Section 8.78.98.7, the US 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 US Borrower shall repay to the Administrative Agent for the account of the Lenders in USDollars all or part of the Facility D Loan outstanding by way of US Prime Rate Advances and LIBO Rate SOFR Advances with interest accrued to the date of such repayment. Within the limits of the Facility D Available Commitment and subject to the terms of this Agreement, the US Borrower may reborrow under the Facility D Credit any amount so repaid; for greater certainty, the US Borrower may not reborrow any amount repaid after the Facility D Termination Date.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Optional Repayments of Facility D Loan. 8.6.1 At any time prior to the Facility D Maturity Date, subject to Section 8.78.98.9, the US 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 US Borrower shall repay to the Administrative Agent for the account of the Lenders in USDollars all or part of the Facility D Loan outstanding by way of US Prime Rate Advances and SOFR Advances with interest accrued to the date of such repayment. Within the limits of the Facility D Available Commitment and subject to the terms of this Agreement, the US Borrower may reborrow under the Facility D Credit any amount so repaid; for greater certainty, the US Borrower may not reborrow any amount repaid after the Facility D Termination Date.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Optional Repayments of Facility D Loan. 8.6.1 At any time prior to the Facility D Maturity Date, subject to Section 8.78.98.7, the US 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 US Borrower shall repay to the Administrative Agent for the account of the Lenders in USDollars all or part of the Facility D Loan outstanding by way of US Prime Rate Advances and SOFR LIBO Rate Advances with interest accrued to the date of such repayment. Within the limits of the Facility D Available Commitment and subject to the terms of this Agreement, the US Borrower may reborrow under the Facility D Credit any amount so repaid; for greater certainty, the US Borrower may not reborrow any amount repaid after the Facility D Termination Date.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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Optional Repayments of Facility D Loan. 8.6.1 7.7.1 At any time prior to the Facility D Maturity Date, subject to Section 8.78.97.8, the US 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 US Borrower shall repay to the Administrative Agent for the account of the Lenders in USDollars all or part of the Facility D Loan outstanding by way of US Prime Rate Advances and SOFR LIBO Rate Advances with interest accrued to the date of such repayment. Within the limits of the Facility D Available Commitment and subject to the terms of this Agreement, the US Borrower may reborrow under the Facility D Credit any amount so repaid; for greater certainty, the US Borrower may not reborrow any amount repaid after the Facility D Termination Date.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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