Optional Prepayments of Syndicated Loans Sample Clauses

Optional Prepayments of Syndicated Loans. Subject to Section 3.4 and the requirements of Section 2.4, the Borrower may (a) following notice given to the Administrative Agent by the Borrower, in the form attached hereto as Exhibit G (a "Prepayment Notice") by not later than 2:00 p.m. (New York time) on the date of the proposed prepayment, such notice specifying the aggregate principal amount of and the proposed date of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Floating Rate Loans comprising part of the same Syndicated Advance in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and (b) following a Prepayment Notice given to the Administrative Agent by the Borrower by not later than 2:00 p.m. (New York time) on, if the Syndicated Advance to be prepaid is a Eurodollar Advance, the third Business Day preceding the date of the proposed prepayment, such notice specifying the Syndicated Advance to be prepaid and the proposed date of the prepayment, and, if such notice is given, such Borrower shall, prepay the outstanding principal amounts of the Eurodollar Loans comprising a Eurodollar Advance in whole (and not in part), together with accrued interest to the date of such prepayment on the principal amount prepaid. In the case of a Floating Rate Advance, each partial prepayment shall be in an aggregate principal amount not less than $10,000,000 (and an integral multiple of $1,000,000 if in excess thereof).
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Optional Prepayments of Syndicated Loans. The Borrower may at its option, by Notice of Syndicated Prepayment given in accordance with Section 2.08, prepay any Group of Loans (subject, in the case of a Group of Euro-Dollar Loans, to Section 2.14), in each case in whole at any time, or from time to time in part in amounts aggregating at least $10,000,000, by paying the principal amount to be prepaid together with interest accrued thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Group of Loans.
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Optional Prepayments of Syndicated Loans. 17 2.6 Method of Selecting Types and Interest Periods for New Syndicated Advances............................................................. 17 2.7 Conversion and Continuation of Outstanding Syndicated Advances.......... 18 2.8 Payment of Interest on Syndicated Advances; Changes in Interest Rate.... 18 2.9 Facility Fee; Utilization Fee; Adjustments in Aggregate Commitment...... 19 2.10
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Optional Prepayments of Syndicated Loans. 16 Section 2.08. Notice of Syndicated Prepayment 16 Section 2.09. Interest Rates 17 Section 2.10. Method of Electing Interest Rates 18 Section 2.11. Fees 19 Section 2.12. Termination or Reduction of Commitments 19 Section 2.13. General Provisions as to Payments 19 Section 2.14. Funding Losses 20 Section 2.15. Computation of Interest and Fees 20 Section 2.16. Swingline Loans 20 Section 2.17. Letters of Credit 21 ARTICLE 3 CONDITIONS Section 3.01. Closing 26 Section 3.02. Termination of Existing Commitments 27 Section 3.03. Borrowings and Issuances or Extensions of Letters of Credit 27 Section 3.04. Existing Letters of Credit 27 ARTICLE 4 REPRESENTATIONS AND WARRANTIES Section 4.01. Corporate Existence and Power 28 Section 4.02. Corporate and Governmental Authorization 28 Section 4.03. Binding Effect 28 Section 4.04. Financial Information 28 Section 4.05. Litigation 28 Section 4.06. Compliance with ERISA 29 Section 4.07. Compliance with Laws 29 Section 4.08. Environmental Matters 29 Section 4.09. Taxes 29 Section 4.10. Material Subsidiaries 29 Section 4.11. Certain Laws Not Applicable 29 Section 4.12. Full Disclosure 29 ARTICLE 5 COVENANTS Section 5.01. Information 30 Section 5.02. Maintenance of Property; Insurance 31 Section 5.03. Conduct of Business; Maintenance of Existence 31 Section 5.04. Compliance with Laws 31 Section 5.05. Inspection of Property, Books and Records 32 Section 5.06. Consolidations, Mergers and Sales of Assets 32 Section 5.07. Negative Pledge 32 Section 5.08. Debt of Subsidiaries 32 Section 5.09. Leverage Ratio 34 Section 5.10. Consolidated Net Worth 34 Section 5.11. Fixed Charge Ratio 34 Section 5.12. Restricted Payments 34 Section 5.13. Transactions with Affiliates 34 Section 5.14. Payment of Dividends by Material Subsidiaries 35 Section 5.15. Use of Proceeds 35 ARTICLE 6 DEFAULTS Section 6.01. Events of Default 36 Section 6.02. Notice of Default 37 Section 6.03. Cash Cover 37 ARTICLE 7 THE AGENTS Section 7.01. Appointment and Authorization 38 Section 7.02. Agents and Affiliates 38 Section 7.03. Action by the Administrative Agent 38 Section 7.04. Consultation with Experts 38 Section 7.05. Liability of the Agents 38 Section 7.06. Indemnification 38 Section 7.07. Credit Decision 39 Section 7.08. Successor Administrative Agent 39 Section 7.09. Fees 39 Section 7.10. Other Agents 39 ARTICLE 8 CHANGE IN CIRCUMSTANCE Section 8.01. Basis for Determining Interest Rate Inadequate or Unfair 39 Section 8.02. Illegality 40 Section 8.03. Increased...
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Optional Prepayments of Syndicated Loans. 16 2.6. Method of Selecting Types and Interest Periods for New Syndicated Advances .................................. 16 2.7. Conversion and Continuation of Outstanding Syndicated Advances .......................................... 17 2.8. Payment of Interest on Syndicated Advances; Changes in Interest Rate ............................................. 17 2.9. Swing Line Loans ............................................. 18 2.10. The Bid Rate Advances ........................................ 19 2.11. Facility Fee; Reductions in Aggregate Commitment ............. 22 2.12. Rates Applicable After Default ............................... 23 2.13.
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Optional Prepayments of Syndicated Loans. Subject to Section 3.4 and the requirements of Section 2.4, the Borrower may (a) following notice given to the Agent by the Borrower, in the form attached hereto as Exhibit G (a "Prepayment Notice") by not later than 10:00 a.m. (Chicago time) one Business Day prior to the date of the proposed prepayment, such notice specifying the aggregate principal amount of and the proposed date of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Floating Rate Loans comprising part of the same Syndicated Advance in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and (b) following a Prepayment Notice given to the Agent by the Borrower by not later than 10:00 a.m. (Chicago time) on, if the Advance to be prepaid is a Eurodollar Advance, the third Business Day preceding the date of the proposed prepayment, such notice specifying the Advance to be prepaid and the proposed date of the prepayment, and, if such notice is given, such Borrower shall, prepay the outstanding principal amounts of the Eurodollar Loans comprising a Eurodollar Advance in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid, provided that the portion of any Advance that is not prepaid hereunder shall continue to satisfy the minimum amount for such Advance specified in Section 2.4. In the case of a Floating Rate Advance, each partial prepayment shall be in an aggregate principal amount not less than $1,000,000, and in the case of a Eurodollar Advance, each partial prepayment shall be in a minimum aggregate principal amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof.
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Optional Prepayments of Syndicated Loans. 29 SECTION 2.08. NOTICE OF SYNDICATED PREPAYMENT . . . . . . . . . . . . . . . .29 SECTION 2.09.
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Optional Prepayments of Syndicated Loans. 28 SECTION 2.08. NOTICE OF SYNDICATED PREPAYMENT..................................................28 SECTION 2.09.
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Optional Prepayments of Syndicated Loans. SECTION 2.08. NOTICE OF SYNDICATED PREPAYMENT
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Related to Optional Prepayments of Syndicated Loans

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, 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 Loans comprising part of the same Borrowing in whole or ratably in part, without 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 an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

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

  • 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).

  • Optional Prepayments 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 Section 3.04(b).

  • Optional Prepayment of Term Loans The Borrower may at any time and from time to time prepay the Tranche B-1 Term Loans, the Tranche B-2 Term Loans and/or any other Term Loans of any Class, in whole or in part, without premium or penalty (except as provided in Section 2.21 and subject to Section 2.13), in an aggregate principal amount, (1) in the case of Eurocurrency Loans, that is an integral multiple of $1.0 million and not less than $5.0 million, and (2) in the case of ABR Loans, that is an integral multiple of $1.0 million and not less than $5.0 million, or, in each case, if less, the amount outstanding. The Borrower will notify the Administrative Agent by telephone (confirmed by hand delivery, facsimile transmission or e-mail) of such election not later than 11:00 a.m., New York City time, (a) in the case of a Eurocurrency Borrowing, three Business Days before the anticipated date of such prepayment and (b) in the case of an ABR Borrowing, one Business Day before the anticipated date of such prepayment. Each such notice of prepayment will specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be prepaid. All prepayments under this Section 2.07 will be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment. Any such notice may be revocable or conditioned on a refinancing of all or any portion of the Term Facility. Any optional prepayments of Tranche B-1 Term Loans, Tranche B-2 Term Loans and/or other Term Loans of any Class pursuant to this Section 2.07 will be applied to the remaining scheduled amortization payments of such applicable Class of Term Loans as directed by the Borrower (or in the absence of such direction, in direct order of maturity, to the amortization payments of such applicable Class of Term Loans) and will be applied ratably to the Term Loans of such Class included in the prepaid Borrowing.

  • Voluntary Prepayments of Borrowings 25 Section 3.08 Payments, etc................................................................................26 Section 3.09 Interest Rate Not Ascertainable, etc.........................................................28 Section 3.10 Illegally....................................................................................28 Section 3.11

  • Optional Prepayment of Loans; Reimbursement of Lenders (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Revolving Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 11:00 a.m., Boston time, and (y) with respect to Prime Rate Loans, on any Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 1:00 p.m., Boston time, subject to the following limitations:

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000.

  • Optional Prepayment of Term Loan (a) Subject to clause (b) hereof, Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below and any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

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