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

Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans. A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.7.1 [Increased Costs Generally] or 5.7.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error so long as such determination is made on a reasonable basis. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

Appears in 3 contracts

Samples: Credit Agreement (Ii-Vi Inc), Continuing Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)

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Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans. A certificate of a Lender or the applicable Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the applicable Issuing Lender or its holding company, as the case may be, as specified in Sections 5.7.1 4.7.1 [Increased Costs Generally] or 5.7.2 4.7.2 [Capital Requirements] and (including the calculation thereof in reasonable detail) delivered to the Borrower shall be conclusive absent manifest error so long as such determination is made on a reasonable basiserror. The Borrower shall pay such Lender or the applicable Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

Appears in 2 contracts

Samples: Credit Agreement (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co)

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Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans. A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.7.1 4.7.1 [Increased Costs Generally] or 5.7.2 4.7.2 [Capital Requirements] and (including the calculation thereof in reasonable detail) delivered to the Borrower shall be conclusive absent manifest error so long as such determination is made on a reasonable basiserror. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

Appears in 1 contract

Samples: Credit Agreement (Erie Indemnity Co)

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