Common use of Optional Repayments of the Facility E Loan Clause in Contracts

Optional Repayments of the Facility E Loan. 8.8.1 At any time prior to the Facility E Maturity Date, subject to Section 8.7, 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 all or part of the Facility E Loan outstanding by way of Canadian Rate Advances, with interest accrued to the date of such repayment. Any amount so repaid shall permanently reduce the Facility E Credit and may not be reborrowed. All voluntary repayments made pursuant to this Section 8.8.1 shall be applied against mandatory repayments required to be made pursuant to Section 8.7.1 in inverse order of maturity.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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Optional Repayments of the Facility E Loan. 8.8.1 At any time prior to the Facility E Maturity Date, subject to Section 8.7, 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 all or part of the Facility E Loan outstanding by way of Canadian Rate Advances, with interest accrued to the date of such repayment. Any amount so repaid shall permanently reduce the Facility E Credit and may not be reborrowed. All voluntary repayments made pursuant to this Section 8.8.1 shall be applied against mandatory repayments required to be made pursuant to Section 8.7.1 in inverse order of maturity.. 110

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Optional Repayments of the Facility E Loan. 8.8.1 At any time prior to the Facility E Maturity Date, subject to Section 8.78.78.9, 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 all or part of the Facility E Loan outstanding by way of Canadian Rate Advances, with interest accrued to the date of such repayment. Any amount so repaid shall permanently reduce the Facility E Credit and may not be reborrowed. All voluntary repayments made pursuant to this Section 8.8.1 shall be applied against mandatory repayments required to be made pursuant to Section 8.7.1 in inverse order of maturity.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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Optional Repayments of the Facility E Loan. 8.8.1 At any time prior to the Facility E 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 all or part of the Facility E Loan outstanding by way of Canadian Rate Advances, with interest accrued to the date of such repayment. Any amount so repaid shall permanently reduce the Facility E Credit and may not be reborrowed. All voluntary repayments made pursuant to this Section 8.8.1 shall be applied against mandatory repayments required to be made pursuant to Section 8.7.1 in inverse order of maturity.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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