Common use of Optional Payments Clause in Contracts

Optional Payments. The Borrowers may from time to time and at any time upon at least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000, provided, that no Borrower may so prepay Eurocurrency Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days’ prior written notice to the Administrative Agent if the Agreed Currency is a currency other than Dollars. Each Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 or any larger multiple Dollar Amount of $500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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Optional Payments. The Borrowers Company may from time to time and at any time upon at least one (1) Business Day’s 's prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount 15,000,000 and in integral multiples of $1,000,0001,000,000 in excess thereof. Eurocurrency Rate Advances, Eurocurrency Bid Rate Advances (other than Alternate Currency Loans) and Absolute Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000, 4.4; provided, that no the applicable Borrower may not so prepay Eurocurrency Rate Advances, Eurocurrency Bid Rate Advances or Absolute Rate Advances unless it shall have provided at least three five (35) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days’ prior written notice to the Administrative Agent if the Agreed Currency is a currency other than Dollarsprepayment. Each Alternate Currency Subsidiary Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 5,000,000 or any larger multiple Dollar Amount of $500,000 1,000,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, provided that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (American National Can Group Inc)

Optional Payments. The Borrowers Company or the applicable Borrower may from time to time and at any time upon at least one (1) Business Day’s 's prior written notice repay or prepay, prepay without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount 10,000,000 and in integral multiples of $1,000,0001,000,000 in excess thereof. Eurocurrency Rate Advances, Eurocurrency Bid Rate Advances (other than Alternate Currency Loans) and Absolute Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,0004.4, provided, provided that no the applicable Borrower may not so prepay Eurocurrency Rate Advances, Eurocurrency Bid Rate Advances or Absolute Rate Advances unless it shall have -41- 48 provided at least three four (34) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days’ prior written notice to the Administrative Agent if the Agreed Currency is a currency other than Dollarsprepayment. Each Alternate Currency Subsidiary Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 5,000,000 or any larger multiple Dollar Amount of $500,000 1,000,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, provided that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Lanier Worldwide Inc)

Optional Payments. The Borrowers Borrower may from time to time and at any time upon at least one (1) Business Day’s 's prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount 1,000,000 and in integral multiples of $1,000,000500,000 in excess thereof. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount 2,500,000 and in integral multiples of $1,000,0001,000,000 in excess thereof, provided, that no the Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least three (3) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days' prior written notice to the Administrative Agent if the Agreed Currency is a currency Currency other than Dollars. Each Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 or any larger multiple Dollar Amount of $500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Thomas Industries Inc)

Optional Payments. The Borrowers Borrower may from time to time and at any ----------------- time upon at least one (1) Business Day’s 's prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount and in integral multiples of $1,000,0001,000,000 in excess thereof. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 4.4, in an aggregate minimum Dollar Amount amount of $10,000,000 and in integral ----------- multiples of $5,000,000 or any larger multiple Dollar Amount of $1,000,000in excess thereof, provided, that no the Borrower may not so prepay Eurocurrency Rate Advances -------- unless it shall have provided at least three (3) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four three (43) Business Days' prior written notice to the Administrative Agent and the Alternate Currency Bank if the Agreed Currency is a currency other than Dollars. Each Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 10,000,000 or any larger multiple Dollar Amount of $500,000 5,000,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, -------- that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.. -----------

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc /De/)

Optional Payments. The Borrowers may from time to time and at any time upon at least one (1) Business Day’s 's prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000, provided, that no Borrower may so prepay Eurocurrency Rate Advances unless it shall have provided at least three (3) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days' prior written notice to the Administrative Agent if the Agreed Currency is a currency Currency other than Dollars. Each Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 or any larger multiple Dollar Amount of $500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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Optional Payments. The Borrowers Borrower may from time to time and at any time upon at least one (1) Business Day’s 's prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount 1,000,000 and in integral multiples of $1,000,0001,000,000 in excess thereof. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,0004.4, provided, that no the Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least three five (35) Business Days' prior written notice to the Administrative Agent of such prepayment if prepayment. Unless the Agreed Currency aggregate outstanding principal balance of the Term Loans is Dollars to be prepaid in full, voluntary prepayments of the Term Loans shall be in an aggregate minimum amount of $1,000,000 and four (4) Business Days’ prior written notice integral multiples of $1,000,000 in excess of that amount, and shall be applied to each of the then remaining installments payable thereunder, in the inverse order of maturity; provided, that optional prepayments of Eurocurrency Rate Advances shall be subject to the Administrative Agent if the Agreed Currency is a currency other than Dollarsindemnification provisions of Section 4.4. Each Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of paying its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount amounts aggregating $1,000,000 or any larger multiple Dollar Amount of $500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, that payment provided any such payment occurring prior to occurs on the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4Loan.

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

Optional Payments. The Borrowers Company or the applicable Borrower may from time to time and at any time upon at least one (1) Business Day’s 's prior written notice repay or prepay, prepay without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount amount of $5,000,000 or any larger multiple Dollar Amount 10,000,000 and in integral multiples of $1,000,0001,000,000 in excess thereof. Eurocurrency Rate Advances, Eurocurrency Bid Rate Advances (other than Alternate Currency Loans) and Absolute Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,0004.4, provided, provided that no the applicable Borrower may not so prepay Eurocurrency Rate Advances, Eurocurrency Bid Rate Advances or Absolute Rate Advances unless it shall have provided at least three four (34) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days’ prior written notice to the Administrative Agent if the Agreed Currency is a currency other than Dollarsprepayment. Each Alternate Currency Subsidiary Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 5,000,000 or any larger multiple Dollar Amount of $500,000 1,000,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, provided that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Lanier Worldwide Inc)

Optional Payments. The Borrowers may from time to time and at any time upon at least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000, provided, that no Borrower may so prepay Eurocurrency Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days’ prior written notice to the Administrative Agent if the Agreed Currency is a currency other than Dollars. Each Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $1,000,000 or any larger multiple Dollar Amount of $500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided, that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4. Notwithstanding anything to the contrary contained in this Agreement, the applicable Borrower may rescind any notice of prepayment under Section 2.4(A) if such prepayment would have resulted from a refinancing of any Revolving Loans or Term Loans, as applicable, which refinancing shall not be consummated or shall otherwise be delayed; provided, that such rescission shall not limit the indemnification requirements of Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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