SWY » Topics » 4.10 Prepayments .

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

4.10 Prepayments.

 

Except as required or permitted by subsection 2.4A(iii) or Section 10, no repayment of an Acceptance shall be made by Canada Safeway to a Canadian Lender prior to the maturity date thereof. Any such repayment, made as required by subsection 2.4A(iii) or Section 10, shall be made (unless such repayment has been rescinded or otherwise is required to be returned by such Canadian Lender to Canada Safeway for any reason) in accordance with the provisions of subsection 4.7B. Any such payment by Canada Safeway to Administrative Agent shall satisfy Canada Safeway’s obligations under the Acceptance to which it relates and any such Canadian Lender which has accepted such Acceptance shall thereafter be solely responsible for the payment of such Acceptance and shall indemnify and hold Canada Safeway harmless against any liabilities, costs or expenses incurred by Canada Safeway as a result of any failure by such Canadian Lender to pay such Acceptance in accordance with its terms.

 

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