Optional Prepayments of Revolving Loan Sample Clauses

Optional Prepayments of Revolving Loan. The Borrower shall have the option, at any time and from time to time, to prepay (each a "Revolving Loan Optional Prepayment" and collectively the "Revolving Loan Optional Prepayments") the Revolving Loan, in whole or in part without premium or penalty.
AutoNDA by SimpleDocs
Optional Prepayments of Revolving Loan. 34 2.1.8 The Collateral Account. 34 2.1.9 Revolving Loan Account. 35 2.1.10 Revolving Credit Unused Line Fee. 35 2.1.11
Optional Prepayments of Revolving Loan. Subject to the provisions of Section 2.6.4(Indemnity), the Borrower shall have the option at any time and from time to time prepay (each a "Revolving Loan Optional Prepayment" and collectively the "Revolving Loan Optional Prepayments") the Revolving Loan, in whole or in part without premium or penalty. Revolving Loan Optional Prepayments shall be made following a timely and proper written notice to the Agent with respect thereto specifying the date and amount of any intended Revolving Loan Optional Prepayment. The amount to be prepaid shall be paid by the Borrower to the Agent on the date specified for such prepayment. Any amounts repaid or prepaid may be readvanced and reborrowed subject to the provisions of this Agreement.
Optional Prepayments of Revolving Loan. 14 2.1.5 Revolving Loan Account. 15 2.1.6 Revolving Credit Fee. 15 Section 2.2 The Letter of Credit Facility. 15 2.2.1 Letters of Credit. 15 2.2.2
Optional Prepayments of Revolving Loan. Each of the Borrowers may, at its option, at any time and from time to time prepay (each a "Revolving Loan Optional Prepayment" and collectively the "Revolving Loan Optional Prepayments") the Revolving Loan, in whole or in part without premium or penalty. Revolving Loan Optional Prepayments shall be made following a timely and proper written notice to the Lender with respect thereto specifying the date and amount of any intended Revolving Loan Optional Prepayment. The amount to be prepaid shall be paid by the Borrowers to the Lender on the date specified for such prepayment.
Optional Prepayments of Revolving Loan. 21 2.1.8 The Collateral Account. 21 2.1.9
Optional Prepayments of Revolving Loan. 2.1.5 Revolving Loan Account.
AutoNDA by SimpleDocs
Optional Prepayments of Revolving Loan. The Borrowers shall have the option at any time and from time to time to prepay (each a “Revolving Loan Optional Prepayment” and collectively the “Revolving Loan Optional Prepayments”) the Revolving Loan, in whole or in part. When classified as a Revolving Loan LIBOR Rate Loan, the Revolving Loan may be prepaid upon the terms and conditions set forth in this Section 2.1.9. The Borrowers acknowledge and agree that additional obligations may be associated with any such prepayment under the terms and conditions of any applicable Hedging Contracts, including without limitation any LIBOR Breakage Fee as described in Section 2.6.1 (LIBOR Breakage Fee). The Borrowers shall give the Agent, no later than 10:00 a.m., New York time, at least four (4) Business Days notice of any proposed prepayment of any Revolving Loan LIBOR Rate Loan, specifying the proposed date of payment and the principal amount to be paid. Each partial prepayment of the principal amount of the Revolving Loan LIBOR Rate Loan shall be in an integral multiple of Five Hundred Thousand Dollars ($500,000) and accompanied by the payment of all charges outstanding on the Revolving Loan LIBOR Rate Loan (including any LIBOR Breakage Fee as described in Section 2.6.1 (LIBOR Breakage Fee)) and of all accrued interest on the principal repaid to the date of payment.
Optional Prepayments of Revolving Loan. The Borrower may, at its option, at any time and from time to time prepay the principal sum outstanding under the Revolving Loan, in whole or in part, without premium or penalty. Any amount of principal prepaid by Borrower shall then be available for the Borrower to re-borrow in accordance with the provisions of Section 2, above.
Optional Prepayments of Revolving Loan. ... 30 2.1.6 Revolving Loan Account....................... 31 2.1.7 Revolving Credit Unused Line Fee............. 31 2.1.8 Optional Reduction of Total Revolving Credit Committed Amount...................... 32 SECTION 2.2 The Letter of Credit Facility................ 33 2.2.1 Letters of Credit............................ 33 2.2.2 Letter of Credit Fees........................ 33 2.2.3 Terms of Letters of Credit................... 34 2.2.4 Procedures for Issuance of Letters of Credit....................................... 34 2.2.5 Payment of Reimbursement Obligations......... 36 2.2.6
Time is Money Join Law Insider Premium to draft better contracts faster.