Credit Restrictions. Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the Credit Facility shall not at any time exceed the Credit Limit. The Borrower shall not drawdown credit under the Credit Facility solely for the purpose of accumulating cash in deposit or investment accounts outside the ordinary course of business.
Appears in 2 contracts
Sources: First Amending Agreement (Triple Flag Precious Metals Corp.), Loan Agreement (Triple Flag Precious Metals Corp.)
Credit Restrictions. Subject to the terms and conditions hereof, the aggregate principal amount of credit outstanding under the Credit Facility shall not at any time exceed the Credit Limit. The Borrower shall not drawdown credit under the Credit Facility solely for the purpose of accumulating cash in deposit or investment accounts outside the ordinary course of business.
Appears in 2 contracts
Sources: Credit Agreement (Equinox Gold Corp.), Credit Agreement (Equinox Gold Corp.)
Credit Restrictions. Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the Credit Facility shall not at any time exceed the Credit Limit. The Borrower shall not drawdown credit under the Credit Facility solely for the purpose of accumulating cash in deposit or investment accounts outside the ordinary course of business.
Appears in 2 contracts
Sources: Credit Agreement (Endeavour Silver Corp), Credit Agreement (Endeavour Silver Corp)
Credit Restrictions. Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the Credit Facility shall not at any time exceed the Credit Limit. The Borrower shall not drawdown credit under the Credit Facility solely for the purpose of accumulating and/or maintaining cash in deposit or investment accounts outside the ordinary course of business.
Appears in 1 contract
Sources: Credit Agreement (Ero Copper Corp.)