Repayments of Credit Excess. In the event that the Credit Excess with respect to a particular Credit Facility at any time exceeds 3% of the aggregate amount of credit outstanding under such Credit Facility at such time, the Borrowers shall repay to the relevant Lenders, upon the demand of the Agent, the amount of the Credit Excess with respect to such Credit Facility at such time. Each such repayment that is referable to a particular Credit Facility shall be applied against credit outstanding under such Credit Facility. Each such repayment that is not referable to a particular Credit Facility shall be applied, firstly, against credit outstanding under Credit Facility 1 in inverse order of maturity and, secondly, if no credit remains outstanding under Credit Facility 1 against credit outstanding under Credit Facility 3 and lastly, if no credit remains outstanding under Credit Facility 3 against credit outstanding under Credit Facility 2. Each such repayment shall first be applied to repay outstanding Prime Rate Loans and Base Rate Canada Loans under the relevant Credit Facility as selected by the relevant 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 Agent in a segregated account and held in trust for the Lenders to be applied to repay outstanding LIBOR Loans under the relevant Credit Facility or to satisfy reimbursement obligations with respect to outstanding Bankers' Acceptances or Letters under the relevant Credit Facility as such Loans or Bankers' Acceptances mature or as such Letters are drawn upon, as the case may be.
Repayments of Credit Excess. The Borrower shall also repay to the Bank automatically, and without the necessity of demand, the Credit Excess from time to time, whether such Credit Excess results from the calculation by the Bank each day of the Canadian Dollar Equivalent of amounts outstanding in U.S. dollars, or otherwise.
Repayments of Credit Excess. The Borrowers shall repay to the relevant Lenders on demand the amount of any Credit Excess. Each such repayment shall first be applied to repay outstanding Prime Rate Loans, Base Rate Canada Loans and Base Rate New York Loans as selected by Kinross Canada 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 relevant Lenders to be applied to repay outstanding BA Rate Loans, LIBOR Loans or Gold 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.
Repayments of Credit Excess. 56 -ii- TABLE OF CONTENTS (continued)
Repayments of Credit Excess. In the event that the Credit Excess at any time exceeds 3% of the aggregate amount of credit outstanding at such time, the Borrower shall repay to the Lenders, upon the demand of the Administrative Agent, the amount of the Credit Excess at such time, but nothing herein shall be deemed to obligate any Lender or the Administrative Agent to fund the Credit Excess. Credit Agreement - Primero Mining
Repayments of Credit Excess. The Borrowers shall repay to the Agent, for the account of the Lenders, the amount of any Credit Excess with respect to the Credit Facility existing from time to time, to the extent any Canadian Prime Rate Advance, Base Rate (Canada) Advance, or Base Rate (United States) Advance is outstanding, on the first (1st) Business Day following the date of demand by the Agent. Notwithstanding the foregoing, any Credit Excess that is a result of currency fluctuations shall be addressed in accordance with Section 2.12.
Repayments of Credit Excess. In the event that the Credit Excess with respect to a particular Credit Facility at any time exceeds 3% of the aggregate amount of credit outstanding under such Credit Facility at such time, the Borrowers shall repay to the relevant Lenders, upon the demand of the Agent, the amount of the Credit Excess with respect to such Credit Facility at such time.
Repayments of Credit Excess. In the event that there is a Credit Excess with respect to a particular Credit Facility at any time, the relevant Borrowers shall repay to the relevant Lenders on demand the amount of such Credit Excess. Each such repayment shall first be applied to repay, as applicable, outstanding Prime Rate Loans, Base Rate Canada Loans and Base Rate New York Loans as selected by Kinross Canada, in the case of the RT Facility, and the NRT Borrower, in the case of the NRT Facility, 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 relevant Lenders to be applied to repay outstanding BA Rate Loans or LIBOR Loans or, as applicable, 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.
Repayments of Credit Excess. The Borrowers shall repay to the Lenders the amount of any Credit Excess as follows: 63 - 57 -
Repayments of Credit Excess. The Borrowers shall repay to the Lenders on demand the amount of any Credit Excess. Each such repayment shall first be applied to repay outstanding Prime 140 - 7 - Rate Loans, Base Rate Canada Loans and Base Rate New York 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 LIBO 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."
