Supplemental Credits definition
Examples of Supplemental Credits in a sentence
Non-refundable fees in an aggregate amount of US$343,930 divided and payable pro rata amongst the Cineplex Banks and ▇▇▇▇▇ Banks in accordance with the proportion each such Bank s Commitment in respect of the Supplemental Credits bears in relation to the Available Commitments in respect of the Supplemental Credits, have been paid to such Banks.
The amounts applied to the Supplemental Credits pursuant to Section 10.09(a) above shall be divided and applied between the Cineplex Supplemental Credit and the ▇▇▇▇▇ Supplemental Credit so that the Aggregate Outstandings under each of the Cineplex Supplemental Credit and the ▇▇▇▇▇ Supplemental Credit will be, after distribution of such amounts, in the same proportions to each other as the initial Available Commitments under each such Credit are to the other.
Such stand-by fee shall accrue from day to day from and including the date the Supplemental Credits are established, shall be payable in arrears for the actual number of days elapsed and shall be calculated on the basis of a calendar year.