Common use of Payment of Portion Clause in Contracts

Payment of Portion. Notwithstanding any other term or condition of this Agreement, if a Lender gives the notice provided for in Section 4.8 with respect to any Advance (an “Affected Borrowing”), the Borrower may, at its option, upon 30 Business Days’ notice to the Agent and that Lender (which notice shall be irrevocable), repay to the Lender in full the Affected Borrowing outstanding together with accrued and unpaid interest on the principal amount so repaid up to the date of repayment, together with such Additional Compensation as may be applicable to the date of payment and the applicable Commitment of such Lender shall be cancelled.

Appears in 2 contracts

Samples: Bridge and Term Loan Credit Agreement, Bridge and Term Loan Credit Agreement

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Payment of Portion. Notwithstanding any other term or condition of this Agreement, if a Lender gives the notice provided for in Section 4.8 4.15 with respect to any Advance by way of Loan (an "Affected Borrowing"), the Borrower may, at its option, upon 30 60 Business Days’ Days notice to the Agent and that Lender (which notice shall be irrevocable), repay to the Lender in full the Affected Borrowing outstanding together with accrued and unpaid interest on the principal amount so repaid up to the date of repaymentrepayment and any amounts payable pursuant to Section 4.14, together with such Additional Compensation as may be applicable to the date of payment and the applicable Commitment of such Lender shall be cancelledpayment.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

Payment of Portion. Notwithstanding any other term or condition of this Agreement, if a Lender gives the notice provided for in Section 4.8 4.9(3) with respect to any Advance (an “Affected Borrowing”), the Borrower may, at its option, upon 30 Business Days’ Days notice to the Agent and that Lender (which notice shall be irrevocable), repay to the Lender in full the Affected Borrowing outstanding together with accrued and unpaid interest on the principal amount so repaid up to the date of repayment, together with such Additional Compensation as may be applicable to the date of payment and the applicable Commitment of such Lender shall be cancelledpayment.

Appears in 1 contract

Samples: Credit Agreement (Quest Capital Corp)

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Payment of Portion. Notwithstanding any other term or condition of this Agreement, if a the Lender gives the notice provided for in Section 4.8 4.6 with respect to any Advance Loan (an "Affected Borrowing"), the Borrower may, at its option, upon 30 Business Days’ Days notice to the Agent and that Lender (which notice shall be irrevocable), repay to the Lender in full the Affected Borrowing outstanding together with accrued and unpaid interest on the principal amount so repaid up to the date of repayment, together with such Additional Compensation as may be applicable to the date of payment and the applicable Commitment of such Lender shall be cancelledpayment.

Appears in 1 contract

Samples: Loan Agreement (Starcraft Corp /In/)

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