Common use of Immediately payable Clause in Contracts

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit becomes immediately payable, the relevant Borrower under the Revolving Facility to which such Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 4 contracts

Sources: Loan Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit becomes is expressed to be immediately payable, the relevant Borrower under that requested (or on behalf of which the Revolving Facility to which such Parent requested) the issue of that Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 2 contracts

Sources: Senior and Super Senior Multicurrency Term and Revolving Facilities Agreement, £200,000,000 Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit becomes is expressed to be immediately payable, the relevant Borrower under that requested the Revolving Facility to which such issue of that Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 1 contract

Sources: Revolving Facilities Agreement (Molson Coors Brewing Co)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit becomes is expressed to be immediately payable, the relevant Senior Borrower under the Revolving Facility to which such Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 1 contract

Sources: Senior Facilities Agreement (Central European Distribution Corp)

Immediately payable. If a Letter of Credit or any amount outstanding under a Letter of Credit becomes is expressed to be immediately payable, the relevant Borrower under the Revolving Facility to which such Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 1 contract

Sources: Facility Agreement (British Sky Broadcasting Group PLC)

Immediately payable. If Subject to the terms of this Agreement, if a Letter of Credit or any amount outstanding under a Letter of Credit becomes immediately payablepayable under this Agreement, the relevant Borrower under that requested the Revolving Facility to which such issue of that Letter of Credit relates shall repay or prepay that amount immediately.

Appears in 1 contract

Sources: Senior Facilities Agreement (Anheuser-Busch InBev S.A.)