Common use of Repayment of Outstanding Loans; Borrowing of New Loans Clause in Contracts

Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s indemnity obligations under Section 4.6.2 [Indemnity] provided that it may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.12.

Appears in 3 contracts

Samples: Credit Agreement (Hovnanian Enterprises Inc), Credit Agreement (Hovnanian Enterprises Inc), Credit Agreement (Hovnanian Enterprises Inc)

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Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s indemnity obligations under Section 4.6.2 5.5.2 [Indemnity] provided that it may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.10.

Appears in 2 contracts

Samples: Credit Agreement (Rhino Resource Partners LP), Credit Agreement (Rhino Resource Partners, L.P.)

Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s indemnity obligations under Section 4.6.2 2.10.8 [Indemnity] provided that it the Borrower may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.12.

Appears in 1 contract

Samples: Credit Agreement (Consol Energy Inc)

Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase of Revolving Credit Commitment Increase DateCommitments under Section 2.11.1 [Increasing Banks and New Banks], the Borrower Borrowers shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s Borrowers' indemnity obligations under Section 4.6.2 5.10 [Indemnity] ]; provided that it may borrow new Revolving Credit Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders Banks shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.11 [Increase in Commitments].

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s 's indemnity obligations under Section 4.6.2 [Indemnity] provided that it may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.12.

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s indemnity obligations under Section 4.6.2 5.6.2 [Indemnity] provided that it the Borrower may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.10.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Resource Partners L P)

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