Common use of Optional Prepayment of Loans Clause in Contracts

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 29 contracts

Samples: Term Loan Agreement (Nisource Inc/De), Credit Agreement (Service Corporation International), Interim Term Loan Agreement (Enterprise Products Partners L P)

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Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 6 contracts

Samples: Credit Agreement (Petroleum Development Corp), Assignment and Assumption (Exco Resources Inc), Counterpart Agreement (Exco Resources Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that any prepayment made at any time a Borrowing Base Deficiency exists shall be applied ratably to the prepayment of Revolving Borrowings to the extent required to eliminate such Borrowing Base Deficiency.

Appears in 4 contracts

Samples: Assignment and Assumption (Exco Resources Inc), Counterpart Agreement (Exco Resources Inc), Credit Agreement (EXCO Partners, LP)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty, subject to prior notice given in accordance with paragraph (b) of this Section, or otherwise in form and substance reasonably acceptable to the Administrative Agent.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Viatris Inc), Loan Credit Agreement (Upjohn Inc), Term Credit Agreement (Mylan N.V.)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay without premium or penalty any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this SectionSection and to payment of any funding indemnification amounts required by Section 2.16.

Appears in 3 contracts

Samples: Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section. Any prepayment by the Borrower of any Borrowing shall be without premium or penalty, provided that the Borrower shall be obligated to pay any funding indemnification amounts due under Section 2.16.

Appears in 2 contracts

Samples: Credit Agreement (Concho Resources Inc), Credit Agreement (Concho Resources Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that the Borrower shall not have the right to prepay any Competitive Loan without the prior written consent of the Lender thereof.

Appears in 2 contracts

Samples: Credit Agreement (CSX Corp), Credit Agreement (CSX Corp)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing the Loans in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 2 contracts

Samples: Senior Term Credit Agreement (Exco Resources Inc), Senior Term Credit Agreement (Exco Resources Inc)

Optional Prepayment of Loans. (a) The Subject to any break funding costs payable pursuant to Section 2.14, the Borrower shall have the right at any time and from time to time to prepay any Borrowing Tranche in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 2 contracts

Samples: Credit Agreement (Unitil Corp), Term Loan Credit Agreement (NuStar Energy L.P.)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this SectionSection and any break funding payments under Section 2.16.

Appears in 2 contracts

Samples: Loan Agreement (Fred Meyer Inc), Loan Agreement (Quality Food Centers Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay prepay, subject to the payment of any funding indemnification amounts required by Section 2.17 but without premium or penalty, any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 2 contracts

Samples: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in partpart without penalty, except as provided in Section 2.13, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 2 contracts

Samples: Day Credit Agreement (Claiborne Liz Inc), Day Credit Agreement (Claiborne Liz Inc)

Optional Prepayment of Loans. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International LTD)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (or any accrued interest thereon) in whole or in part, without premium or penalty, subject to prior notice in accordance with paragraph (b) the requirements of this SectionSection 2.10.

Appears in 1 contract

Samples: Credit Agreement (Rural Cellular Corp)

Optional Prepayment of Loans. (a) The Any Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that no Borrower shall have the right to prepay any Competitive Loan without the prior consent of the Lender thereof.

Appears in 1 contract

Samples: Credit Agreement (Air Products & Chemicals Inc /De/)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that the Borrower shall not have the right to prepay any Competitive Loan without the prior consent of the Lender thereof.

Appears in 1 contract

Samples: Credit Agreement (Nisource Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing of any Class in whole or in part, subject to prior notice in accordance with paragraph (b) of this SectionSection and, in the case of any Borrowing of Tranche B Loans, to Section 2.09(c).

Appears in 1 contract

Samples: Credit Agreement (Renaissance Media Capital Corp)

Optional Prepayment of Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Borrowing without premium or penalty in whole or in part, part (but subject to prior notice in accordance with paragraph (bSection 2.10(b) of this Sectionand Section 2.14).

Appears in 1 contract

Samples: Credit Agreement (Amscan Holdings Inc)

Optional Prepayment of Loans. (a) The Applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Credit Agreement (MTS Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing of either Class in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Credit Agreement (Laroche Industries Inc)

Optional Prepayment of Loans. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty, subject to prior notice given in accordance with paragraph (b) of this Section, or otherwise in form and substance reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Term Credit Agreement (Mylan N.V.)

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Optional Prepayment of Loans. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty, subject to prior notice given in accordance with paragraph (ba)(ii) of this Section, or otherwise in form and substance reasonably acceptable to the Administrative Agent.

Appears in 1 contract

Samples: Term Credit Agreement (Mylan Inc.)

Optional Prepayment of Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, part without premium or penalty (but subject to prior notice in accordance with paragraph (b) of this SectionSection 2.14 and Section 2.19).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Petco Holdings Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section, provided that the Borrower shall also pay the applicable Prepayment Premium with respect to any such optional prepayment.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Concho Resources Inc)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this SectionSection and any break funding costs payable pursuant to Section 2.16.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section. Any prepayment by the Borrower of any Borrowing shall be without premium or penalty, provided that the Borrower shall be obligated to pay any funding indemnification amounts due under Section 2.15.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

Optional Prepayment of Loans. (a) The Each of the Borrower and the Designated Subsidiary Borrowers shall have the right at any time and from time to time to prepay any Borrowing made by it in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Assignment and Assumption (MF Global Ltd.)

Optional Prepayment of Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, part (but subject to prior notice in accordance with paragraph (bSection 2.10(b) of this Sectionand Section 2.14).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Amscan Holdings Inc)

Optional Prepayment of Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, part without premium or penalty (but subject to prior notice in accordance with paragraph (b) of this SectionSection 2.14).

Appears in 1 contract

Samples: Credit Agreement (Neiman Marcus, Inc.)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing made by it in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Joinder Agreement (Newell Rubbermaid Inc)

Optional Prepayment of Loans. (aad) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nisource Inc/De)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that any prepayment made at any time a Borrowing Base Deficiency exists shall be applied ratably to the prepayment of Borrowings to the extent required to eliminate such Borrowing Base Deficiency.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Optional Prepayment of Loans. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole and or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Optional Prepayment of Loans. (a) The Each of the Borrower and the Designated Borrowers shall have the right at any time and from time to time to prepay any Borrowing made by it in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 1 contract

Samples: MF Global Holdings Ltd.

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