Common use of Scheduled Repayment Clause in Contracts

Scheduled Repayment. (a) The Borrower will repay each Advance on its Maturity Date. Any amount repaid may be redrawn. (b) On the Repayment Date: (i) the Shareholder Loan will expire and the commitment of the Lender under this Agreement will be reduced to zero; and (ii) the Borrower will repay or prepay all amounts outstanding and owed by it in relation to the Shareholder Loan.

Appears in 2 contracts

Sources: Shareholder Loan Agreement (Mirion Technologies, Inc.), Shareholder Loan Agreement (Mirion Technologies, Inc.)