Common use of the Termination Date Clause in Contracts

the Termination Date. The Canadian Swingline Lender may, at any time, in its sole discretion, by written notice to the Canadian Borrower and the Canadian Lenders, demand repayment of its Canadian Swingline Loans by way of a Revolving Canadian Loan advance, in which case the Canadian Borrower shall be deemed to have requested a Revolving Canadian Loan advance in the amount of such Canadian Swingline Loans; provided, however, that such a demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 (or if such date is not a Business Day, the first Business Day succeeding such date) and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section 9.2. Each Canadian Lender hereby irrevocably agrees to make its pro rata share of each such Revolving Canadian Loan in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (I) the amount of such borrowing may not comply with the minimum amount for advances of Revolving Canadian Loans otherwise required hereunder, (II) whether any conditions specified in Section 5.2 are then satisfied, (III) whether a Default or an Event of Default then exists, (IV) failure of any such request or deemed request for a Revolving Canadian Loan to be made by the time otherwise required hereunder, (V) whether the date of such borrowing is a date on which Revolving Canadian Loans are otherwise permitted to be made hereunder or (VI) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Airgas Inc), Credit Agreement (Airgas Inc)

AutoNDA by SimpleDocs

the Termination Date. The Canadian Swingline Lender may, at any time, in its sole discretion, by written notice to the Canadian Borrower and the Canadian Lenders, demand repayment of its Canadian Swingline Loans by way of a Canadian Revolving Canadian Loan advance, in which case the Canadian Borrower shall be deemed to have requested a Canadian Revolving Canadian Loan advance in the amount of such Canadian Swingline Loans; provided, however, that such a demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 (or if such date is not a Business Day, the first Business Day succeeding such date) and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section 9.2. Each Canadian Lender hereby irrevocably agrees to make its pro rata share of each such Canadian Revolving Canadian Loan in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (I) the amount of such borrowing may not comply with the minimum amount for advances of Canadian Revolving Canadian Loans otherwise required hereunder, (II) whether any conditions specified in Section 5.2 are then satisfied, (III) whether a Default or an Event of Default then exists, (IV) failure of any such request or deemed request for a Canadian Revolving Canadian Loan to be made by the time otherwise required hereunder, (V) whether the date of such borrowing is a date on which Canadian Revolving Canadian Loans are otherwise permitted to be made hereunder or (VI) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.

Appears in 1 contract

Samples: Credit Agreement (Airgas Carbonic Inc)

AutoNDA by SimpleDocs

the Termination Date. The Canadian Swingline Lender may, at any time, in its sole discretion, by written notice to the Canadian Borrower and the Canadian Lenders, demand repayment of its Canadian Swingline Loans by way of a Canadian Revolving Canadian Loan advance, in which case the Canadian Borrower shall be deemed to have requested a Canadian Revolving Canadian Loan advance in the amount of such Canadian Swingline Loans; provided, however, that such a demand (if not made prior thereto) shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 (or if such date is not a Business Day, the first Business Day succeeding such date) and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section 9.2. Each Canadian Lender hereby irrevocably agrees to make its pro rata share of each such Canadian Revolving Canadian Loan in the amount, in the manner and on the date specified in the preceding sentence notwithstanding (I) the amount of such borrowing may not comply with the minimum amount for advances of Canadian Revolving Canadian Loans otherwise required hereunder, (II) whether any conditions specified in Section 5.2 are then satisfied, (III) whether a Default or an Event of Default then exists, (IV) failure of any such request or deemed request for a Canadian Revolving Canadian Loan to be made by the time otherwise required hereunder, (V) whether the date of such borrowing is a date on which Canadian Revolving Canadian Loans are otherwise permitted to be made hereunder or (VI) any termination of the Commitments relating thereto immediately prior to or contemporaneously with such borrowing.

Appears in 1 contract

Samples: Credit Agreement (Airgas Northern California & Nevada Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.