Common use of REPAYMENT OF COMMITTED CREDIT LOANS Clause in Contracts

REPAYMENT OF COMMITTED CREDIT LOANS. (a) Each Borrower hereby absolutely and unconditionally, severally and not jointly, promises to pay to the Operations Agent for the account of and in trust for each of the Banks, and each Committed Credit Loan made to such Borrower shall mature and the principal amount thereof become due and payable in full, on the earlier to occur of (i) sixty (60) calendar days after the date such Committed Credit Loan is made and (ii) the Expiration Date.

Appears in 4 contracts

Samples: Credit Agreement (Chile Fund Inc), Credit Agreement (Indonesia Fund Inc), Credit Agreement (Csam Income Fund)

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