Repayment of Credit Excess. In the event that there is a Credit Excess at any time under the Facility, the Borrower shall repay to the Lenders on demand the amount of such Credit Excess.
Repayment of Credit Excess. In the event that there is a Credit Excess at any time under a particular Credit Facility, the Borrowers shall repay to the Lenders on demand the amount of the Credit Excess under such Credit Facility. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Loans under the relevant Credit Facility as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Loans mature or as such Letters are drawn upon, as the case may be.
Repayment of Credit Excess. The Borrower shall repay to the Administrative Agent for the account of the Lenders the amount of any Credit Excess existing from time to time on account of a reduction of the Credit Limit, any such repayment to be made no later than the date of the scheduled reduction of the amount of the Credit Limit pursuant to Section 2.3.
Repayment of Credit Excess. The Borrower shall repay to the Agent for the account of the Lenders on demand by the Agent the amount of any Credit Excess existing from time to time, any such repayment to be made no later than one Business Day after the making of such demand. To the extent any such Credit Excess results solely from currency fluctuations, no such demand shall be made (unless a Default has occurred and is continuing) unless the amount of any such Credit Excess at the time of such demand exceeds 103% of the amount of the Credit Facility at such time.
Repayment of Credit Excess. In the event that there is a Credit Excess that is greater than or equal to 105% of the Credit Facility, and such Credit Excess is continuing for five consecutive Banking Days or more, the Borrower shall repay to the Lenders on demand the amount of such Credit Excess. Each such repayment shall first be applied to repay outstanding Prime Rate Loans and Base Rate Canada Loans as selected by the Borrower and, to the extent that the amount of such repayment exceeds the aggregate amount of credit outstanding by way of such Loans which have been repaid, shall then be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding BA Rate Loans or LIBOR Loans or to satisfy reimbursement obligations with respect to outstanding Bankers’ Acceptances or Letters as such Loans or Bankers’ Acceptances mature or as such Letters are drawn upon, as the case may be.
Repayment of Credit Excess. In the event that there is a Credit Excess at any time, the Borrower shall repay to the Lenders on demand the amount of such Credit Excess. Each such repayment shall first be applied to repay outstanding Prime Rate Loans and Base Rate Canada Loans as selected by the Borrower and, to the extent that the amount of such repayment exceeds the aggregate amount of credit outstanding by way of such Loans which have been repaid, shall then be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding BA Rate Loans or LIBOR Loans or to satisfy reimbursement obligations with respect to outstanding Bankers’ Acceptances or Letters as such Loans or Bankers’ Acceptances mature or as such Letters are drawn upon, as the case may be.
Repayment of Credit Excess. In the event that there is a Credit Excess at any time, the Borrower shall repay to the Lenders, within three days of demand thereof, the amount of such Credit Excess. Each such repayment shall be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding Accommodations as they mature or, as applicable, to satisfy reimbursement obligations with respect to outstanding Letters as such Letters are drawn upon, as the case may be.
Repayment of Credit Excess. In the event that there is a Credit Excess at any time, the Borrower shall, on demand, pay to the Issuing Lender an amount equal to such Credit Excess to cash collateralize the contingent liability of the Issuing Lender under any one or more Letters (to be held solely for the purpose of satisfying any draw under a Letter and to be held subject to Section 13.2).
Repayment of Credit Excess. In the event that there is a Credit Excess at any time (including by reason of a Cerro San Xxxxx Disruption Event), the Borrowers shall repay to the Lenders on demand the amount of such Credit Excess. Each such repayment shall first be applied to repay outstanding Prime Rate Loans and Base Rate Canada Loans as selected by the Borrowers and, to the extent that the amount of such repayment exceeds the aggregate amount of credit outstanding by way of such Loans which have been repaid, shall then be deposited by the Administrative Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding BA Rate Loans or LIBOR Loans or to satisfy reimbursement obligations with respect to outstanding Bankers’ Acceptances or Letters as such Loans or Bankers’ Acceptances mature or as such Letters are drawn upon, as the case may be.
Repayment of Credit Excess. Section 9.9 of the Credit Agreement is hereby amended by adding the word “relevant” immediately preceding the word “Lenders” therein.
