Common use of LIBOR Loans Clause in Contracts

LIBOR Loans. Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 6 contracts

Samples: Revolving Facility Credit Agreement (Royal Gold Inc), Credit Agreement (Silver Wheaton Corp.), Credit Agreement (Silver Wheaton Corp.)

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LIBOR Loans. Subject to the provisions hereof Section 3.5 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 4 contracts

Samples: Credit Agreement (Allied Nevada Gold Corp.), Credit Agreement (Yamana Gold Inc), Credit Agreement (Allied Nevada Gold Corp.)

LIBOR Loans. Subject to the provisions hereof Section 3.7 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.25.3, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such relevant Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 4 contracts

Samples: Credit Agreement (New Gold Inc. /FI), Credit Agreement (New Gold Inc. /FI), Credit Agreement (New Gold Inc. /FI)

LIBOR Loans. Subject to the provisions hereof Sections 3.1 and 3.5 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 3 contracts

Samples: Credit Agreement (Equinox Gold Corp.), Credit Agreement (Silvercrest Mines Inc), Credit Agreement (Endeavour Silver Corp)

LIBOR Loans. Subject to the provisions hereof Section 3.7 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.25.3, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 2 contracts

Samples: Agreement (Primero Mining Corp), Credit Agreement (Yamana Gold Inc)

LIBOR Loans. Subject to the provisions hereof Sections 3.1 and 3.5 and provided that the a Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the such Borrower by way of a LIBOR Loan (without a further advance of funds to the such Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 2 contracts

Samples: Credit Agreement (Equinox Gold Corp.), Credit Agreement (Equinox Gold Corp.)

LIBOR Loans. Subject to the provisions hereof and provided that the Borrower Representative has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower BorrowerBorrowers by way of a LIBOR Loan (without a further advance of funds to the BorrowerBorrowerBorrowers) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 1 contract

Samples: Revolving Facility Credit Agreement (Royal Gold Inc)

LIBOR Loans. Subject to the provisions hereof Section 3.7 and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.25.3, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the such Borrower by way of a LIBOR Loan (without a further advance of funds to the such Borrower) in the principal amount equal to such Lender’s 's Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 1 contract

Samples: Credit Agreement (4352351 Canada Inc.)

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LIBOR Loans. Subject to the provisions hereof Section 3.7 and provided that the a Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.25.3, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the such Borrower by way of a LIBOR Loan (without a further advance of funds to the such Borrower) in the principal amount equal to such relevant Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 1 contract

Samples: Credit Agreement (New Gold Inc. /FI)

LIBOR Loans. Subject to the provisions hereof Section 3.7 and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.25.3, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the such Borrower by way of a LIBOR Loan (without a further advance of funds to the such Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 1 contract

Samples: Credit Agreement (Lundin Mining CORP)

LIBOR Loans. Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.. DM_TOR/208573-00204/2193933.9

Appears in 1 contract

Samples: Credit Agreement (Silver Wheaton Corp.)

LIBOR Loans. Subject to the provisions hereof Sections 3.1 and 3.5 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s 's Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

Appears in 1 contract

Samples: Credit Agreement (Endeavour Silver Corp)

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