Amortization; Repayment. (a) The Borrower hereby unconditionally promises to repay to the Administrative Agent for the account of each Lender, on the last day of the first full fiscal quarter ending after the Escrow Release Date and on the last Business Day of each March, June, September and December thereafter prior to the Maturity Date, the Loans in an amount equal to $6,875,000, which amount may be reduced as a result of the application of prepayments of the Loans in accordance with Section 2.8(f). To the extent not previously repaid, all unpaid Loans shall be paid in full in Dollars by the Borrower on the Maturity Date. xlvii (b) If the conditions set forth in Section 5.2 are not satisfied or waived on or prior to the Escrow Expiration Date (or, if prior to such date, the Borrower provides written notice to the Escrow Agent and the Administrative Agent that it has determined in its sole discretion that any of the conditions set forth in Section 5.2 cannot be satisfied by the Escrow Expiration Date), then on the third Business Day after the Escrow Expiration Date (or such earlier date), the Borrower shall repay to the Administrative Agent all unpaid Loans, interest, fees, expenses and other amounts then due and payable.
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Sources: Term Loan Credit Agreement (PACIFIC GAS & ELECTRIC Co)
Amortization; Repayment. (a) The Borrower hereby unconditionally promises to repay to the Administrative Agent for the account of each Lender, on the last day of the first full fiscal quarter ending after the Escrow Release Date and on the last Business Day of each March, June, September and December thereafter prior to the Maturity Date, the Loans in an amount equal to $6,875,000, which amount may be reduced as a result of the application of prepayments of the Loans in accordance with Section 2.8(f2.8(f)2.8(f). To the extent not previously repaid, all unpaid Loans shall be paid in full in Dollars by the Borrower on the Maturity Date. xlvii.
(b) If the conditions set forth in Section 5.2 5.25.2 are not satisfied or waived on or prior to the Escrow Expiration Date (or, if prior to such date, the Borrower provides written notice to the Escrow Agent and the Administrative Agent that it has determined in its sole discretion that any of the conditions set forth in Section 5.2 5.25.2 cannot be satisfied by the Escrow Expiration Date), then on the third Business Day after the Escrow Expiration Date (or such earlier date), the Borrower shall repay to the Administrative Agent all unpaid Loans, interest, fees, expenses and other amounts then due and payable.
Appears in 1 contract
Sources: Term Loan Credit Agreement (PACIFIC GAS & ELECTRIC Co)
Amortization; Repayment. (a) The Borrower hereby unconditionally promises to repay to the Administrative Agent for the account of each Lender, on the last day of the first full fiscal quarter ending after the Escrow Release Date and on the last Business Day of each March, June, September and December thereafter prior to the Maturity Date, the Loans in an amount equal to $6,875,000, which amount may be reduced as a result of the application of prepayments of the Loans in accordance with Section 2.8(f). To the extent not previously repaid, all unpaid Loans shall be paid in full in Dollars by the Borrower on the Maturity Date. xlvii.
(b) If the conditions set forth in Section 5.2 are not satisfied or waived on or prior to the Escrow Expiration Date (or, if prior to such date, the Borrower provides written notice to the Escrow Agent and the Administrative Agent that it has determined in its sole discretion that any of the conditions set forth in Section 5.2 cannot be satisfied by the Escrow Expiration Date), then on the third Business Day after the Escrow Expiration Date (or such earlier date), the Borrower shall repay to the Administrative Agent all unpaid Loans, interest, fees, expenses and other amounts then due and payable.
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