Common use of Re-borrowing Clause in Contracts

Re-borrowing. (1) The Revolving Credit is a revolving credit and the principal amount of any Advance under the Revolving Credit that is repaid may be re-borrowed, if the Borrowers are otherwise entitled to an Advance under the Revolving Credit. (2) The Term Credit is a non-revolving credit and the principal amount of any Advance under the Term Credit that is repaid may not be re-borrowed.

Appears in 2 contracts

Sources: Credit Agreement (Waste Management Inc), Credit Agreement (Waste Management Inc)

Re-borrowing. (1) The Revolving Credit is a revolving credit and the principal amount of any Advance under the Revolving Credit that is repaid may be re-borrowed, if the Borrowers are Borrower is otherwise entitled to an Advance under the Revolving Credit. (2) The Term Credit is a non-revolving credit and the principal amount of any Advance under the Term Credit that is repaid may not be re-borrowed.

Appears in 1 contract

Sources: Credit Agreement (CRH Medical Corp)

Re-borrowing. (1) The Revolving Credit (including the Swingline Credit) is a revolving credit and the principal amount of any Advance under the Revolving Credit that is repaid may be re-borrowed, if the Borrowers are Borrower is otherwise entitled to an Advance under the Revolving Credit. (2) The Term Credit is a non-revolving credit and the principal amount of any Advance under the Term Credit that is repaid may not be re-borrowed.

Appears in 1 contract

Sources: Credit Agreement (CRH Medical Corp)

Re-borrowing. (1) The Revolving Credit is a revolving credit and the principal amount of any Advance under the Revolving Credit that is repaid may be re-borrowed, if the Borrowers are Borrower is otherwise entitled to an Advance under the Revolving Credit. (2) The Term Credit is a non-revolving credit and the principal amount of any Advance under the Term Credit that is repaid may not be re-borrowed.

Appears in 1 contract

Sources: Credit Agreement