Common use of Payment of Bills Clause in Contracts

Payment of Bills. Each Borrower shall pay an amount equal to the principal amount of each Xxxx on its Maturity Date to the Agent for the relevant Bank. No Tranche A Xxxx may be outstanding after the Tranche A Term Date and no Tranche B Xxxx may be outstanding after the Tranche B Final Maturity Date.

Payment of Bills. Each Borrower shall pay an amount equal to the principal amount of each Xxxx drawn by it on its Maturity Date to the Agent for the relevant BankBank but since Tranche B is available on a revolving basis amounts paid may be redrawn or reborrowed subject to the terms of this Agreement. No Tranche A Xxxx may be outstanding after the Tranche A Term Date and no Tranche B Xxxx may be outstanding after the Tranche B Final Maturity Date.