Borrower Acceptance of Early Paydown Demand Sample Clauses

Borrower Acceptance of Early Paydown Demand. 6.2.1 The Borrower, subject to available funds, may return the funds to Lender upon expiration of the 90-day notice. Bxxxxxxx’s cash position and availability of cash to return to Lender is based on monies that are in the liquid account. If Borrower’s money is in loans and there are insufficient funds in liquid account, Borrower would need to wait until such funds become available either from interest it collects on loans or one or more of its loans paying off in full. If Borrower does not have available funds to honor Lxxxxx’s Early Paydown Demand upon expiration of the ninety (90) day period, Borrower will honor the redemption request and return Early Paydown Amount as soon as cash becomes available to Borrower.
Sample 1
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Related to Borrower Acceptance of Early Paydown Demand

  • Cash Collateral, Repayment of Swing Line Loans If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.15.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

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