Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 6 contracts

Samples: Credit Agreement (AEP Texas Inc.), Credit Agreement (Southwestern Electric Power Co), Credit Agreement (Ohio Power Co)

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Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (American Electric Power Co Inc), Credit Agreement (American Electric Power Co Inc)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Ohio Power Co), Credit Agreement (AEP Texas Inc.)

Optional Prepayments of Advances. The Each Borrower may, upon notice at least two Business Days’ noticeprior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is givengiven such Borrower shall, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in a minimum an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c9.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Cooper Industries PLC), Credit Agreement (Cooper Industries PLC)

Optional Prepayments of Advances. The Borrower may, upon notice at least two three Business Days’ noticeprior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Intuit Inc), Credit Agreement (Western Digital Corp)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in notice to the case of Eurodollar Rate Advances, and upon notice Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date of prepayment, in the case of for Base Rate Advances, to the Administrative Agent and upon at least three Business Days’ notice for Eurodollar Rate Advances, in each case stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay in whole or ratably in part the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, made to the Borrower together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate AdvanceAdvances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c)2.17.

Appears in 2 contracts

Samples: Day Revolving Credit Agreement (Oracle Corp), Day Revolving Credit Agreement (Oracle Corp)

Optional Prepayments of Advances. The Borrower Company may, upon notice at least two Business Days’ noticeDays prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is givengiven the Company shall, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c9.04(c).

Appears in 1 contract

Samples: Assignment and Assumption (Interpublic Group of Companies, Inc.)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ noticeprior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate RateSOFR Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate RateSOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).. SECTION 2.15

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate RateSOFR Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances or LIBOR Market Index Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate RateSOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).. SECTION 2.15

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances or LIBOR Market Index Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ noticeprior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Eurodo Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 1 contract

Samples: Credit Agreement (SBC Communications Inc)

Optional Prepayments of Advances. The Any Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the such Borrower shall prepay the outstanding principal amount of the Advances owing by such Borrower comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c9.04(c).

Appears in 1 contract

Samples: Term Credit Agreement (Appalachian Power Co)

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Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in notice to the case of Eurodollar Rate Advances, and upon notice Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date of prepayment, in the case of for Base Rate Advances, to the Administrative Agent and upon at least three Business Days’ notice for Eurodollar Rate Advances, in each case stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay in whole or ratably in part the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, made to the Borrower together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate AdvanceAdvances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c)2.16.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Oracle Corp /De/)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in notice to the case of Eurodollar Rate Advances, and upon notice Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date of prepayment, in the case of for Base Rate Advances, to the Administrative Agent and upon at least three Business Days’ notice for Eurodollar Rate Advances, in each case stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay in whole or ratably in part the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, made to the Borrower together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate AdvanceAdvances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c)2.16.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Oracle Corp /De/)

Optional Prepayments of Advances. The Borrower may, upon at least two three Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c8.04(d).

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ notice' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).. NYDOCS02/767329

Appears in 1 contract

Samples: Five Year Credit Agreement (At&t Inc.)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ noticeprior to the date of such prepayment, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, and if such notice is given, given the Borrower shall shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in partpart without premium or penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof 10,000,000 and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 1 contract

Samples: Assignment and Assumption (Ca, Inc.)

Optional Prepayments of Advances. The Borrower may, upon at least two three Business Days’ notice, in the case of Eurodollar Rate RateSOFR Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate RateSOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c8.04(d).. SECTION 2.11

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

Appears in 1 contract

Samples: Term Credit Agreement (Southwestern Electric Power Co)

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