Common use of Optional Prepayments Clause in Contracts

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 6 contracts

Sources: 364 Day Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 6 contracts

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loan to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's ’s notice to the Servicing Agent, prepay the any Group of Loans consisting of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Business Days' notice to the Servicing Agent, prepay any Group of Loans consisting of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 5 contracts

Sources: Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's ’s notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Fixed Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 4 contracts

Sources: 364 Day Credit Agreement (Target Corp), Credit Agreement (Target Corp), 364 Day Credit Agreement (Target Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 4 contracts

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.13, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(b)(ii)) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 15,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 4 contracts

Sources: 364 Day Credit Agreement (Gillette Co), 364 Day Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, Administrative Agent not later than 10:30 A.M. (New York City time) on any Domestic Business Day prepay the on such Domestic Business Day any Group of Base Rate Loans (or any Money Market Bid Rate Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a) or and (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, Administrative Agent not later than 10:30 A.M. (New York City time) prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepaymentprepayment and together with any additional amounts payable pursuant to Section 2.14. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Bid Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: By Laws (Duke Energy Corp), Credit Agreement (Duke Capital Corp), Credit Agreement (Duke Energy Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the AgentAdministrative Agent not later than 11:30 A.M. (New York City time) on the date of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) 8.01 or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, 1,000,000 by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loan to Section 2.132.15, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a2.13(a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's notice to the AgentAgent not later than 11:00 A.M. (New York City time) on the date of such prepayment, prepay the a Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 1,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. . (b) The Borrower may, upon at least three Domestic Business Days' notice to the Agent, in the case of a Group of CD Loans, or upon at least three Euro-Dollar Business Days' notice to the Agent, in the case of a Group of Euro-Dollar Loans, prepay the Loans comprising such Group in whole at any time, or from time to time in part in amounts aggregating $1,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment; provided that the Borrower shall reimburse each Bank for any loss or expense incurred by it as a result of any such prepayment in accordance with Section 2.14. (c) Each such optional prepayment of all or part of a Group of Loans pursuant to this Section 2.12 shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (cd) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Credit Agreement (New Beverly Holdings Inc), Credit Agreement (Beverly Enterprises Inc /De/), Credit Agreement (Beverly Enterprises Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.12, the Company may, Borrower may (i) upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Competitive Bid Borrowing). (b) Except as provided in subsection (aSection 2.10(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, Administrative Agent not later than 10:30 A.M. (New York City time) on any Domestic Business Day prepay the on such Domestic Business Day any Group of Base Rate Loans (Loans, any Swingline Borrowing or any Money Market Bid Rate Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a) or and (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, Administrative Agent not later than 10:30 A.M. (New York City time) prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepaymentprepayment and together with any additional amounts payable pursuant to Section 2.14. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Bid Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Capital Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, Borrower may upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)), (ii) or upon at least three Euro-Currency Domestic Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of CD Loans and (iii) upon at least three Euro-Dollar Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to but not including the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.11(a)(i), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such once notice is so given to the Banks, the Borrower's notice of prepayment shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: 364 Day Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD /Ber/), 364 Day Credit Agreement (Tyco International LTD /Ber/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)), (ii) or upon at least three Euro-Currency Domestic Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of CD Borrowing and (iii) upon at least three Euro-Dollar LoansBusiness Days' notice to the Agent, in each case subject to Section 2.13, prepay any Euro-Dollar Borrowing, in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 3 contracts

Sources: Credit Agreement (Western Atlas Inc), Credit Agreement (Unova Inc), Credit Agreement (Western Atlas Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Textron Financial Corp), 364 Day Credit Agreement (Textron Financial Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans of any Class (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least (x) in the case of CD Loans, one Domestic Business Day's notice to the Administrative Agent and (y) in the case of Euro-Dollar Loans, three Euro-Currency Dollar Business Days' notice to the Administrative Agent, and subject, in each case, to Section 2.14, prepay any Group of Euro-Dollar LoansFixed Rate Loans of any Class, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment of a Group of Loans shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup. (b) Except as provided in subsection (a) above or of this Section 8.022.11, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereofthereof without the consent of the Bank holding such Loan. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern Corp)

Optional Prepayments. (a) Subject Subject, in the case of any Euro-Dollar Borrowing Loans, to Section 2.13, the Company Borrower may, upon same day written notice to the Administrative Agent, prepay any Base Rate Loans or, upon at least one Domestic three Business Day's Days’ notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part part, without premium or penalty, in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be (i) applied (A) first, to the next two scheduled amortization payments on the Loans and (B) thereafter, to the remaining amortization payments on the Loans on a ratable basis among all such remaining amortization payments based on the principal amounts thereof and (ii) applied to prepay ratably the Loans of the several Banks included in such BorrowingBanks. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank with Loans outstanding of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Term Loan Agreement, Term Loan Agreement (Alliance Data Systems Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.14, the Company Borrower may, (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01), or (ii) or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (aSection 2.12(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Guidant Corp), Credit Agreement (Guidant Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, Administrative Agent not later than 11:00 A.M. (New York City time) on any Domestic Business Day prepay the on such Domestic Business Day any Group of Base Rate Loans (or any Money Market Bid Rate Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a) or and (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, Administrative Agent not later than 11:00 A.M. (New York City time) prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Bid Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)), (ii) or upon at least three Euro-Currency Domestic Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of CD Borrowing and (iii) upon at least three Euro-Dollar LoansBusiness Days' notice to the Agent, in each case subject to Section 2.13, prepay any Euro-Dollar Borrowing, in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 15,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic three Business Day's Days’ prior notice to the AgentAdministrative Agent stating the proposed date and aggregate principal amount of the prepayment, prepay the Group outstanding principal amount of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Term Loans, in each case whole or in whole at any timepart, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment on the principal amount prepaid; provided, however, that if any prepayment of any Eurodollar Rate Loan is made by the Borrower other than on the last day of an Interest Period for such Term Loan, the Borrower shall also pay any amounts owing pursuant to Section 2.12(e) (Breakage Costs); and, provided, further, that each partial prepayment shall be in an aggregate amount not less than $1,000,000 or integral multiples of $500,000 in excess thereof and that any such partial prepayment shall be applied to prepay reduce ratably the Loans remaining installments of such outstanding principal amount of the several Banks included Term Loans in the stated order of their maturities. Upon the giving of such Borrowingnotice of prepayment, the principal amount of the Term Loans specified to be prepaid shall become due and payable on the date specified for such prepayment. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not The Borrower shall have no right to prepay all or any portion of the principal amount of any Money Market Term Loan prior to the maturity thereofother than as provided in this Section 2.6. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 2 contracts

Sources: Term Loan Agreement (Collective Brands, Inc.), Term Loan Agreement (Payless Shoesource Inc /De/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's ’s notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section Sections 2.18 and 8.02, and subject to Section 2.13, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Fixed Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Target Corp), Credit Agreement (Target Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Fixed Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Target Corp), 364 Day Credit Agreement (Target Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one (i) the same Domestic Business Day's notice to the Administrative Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.1(a)) or upon at least (ii) three Euro-Currency Domestic Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepaymentprepayment and in the case of a prepayment of a Money Market Borrowing or a Euro-Dollar Borrowing, together with compensation therefor pursuant to Section 2.13. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Westvaco Corp), Credit Agreement (Meadwestvaco Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) , (ii) upon at least two Domestic Business Days' notice to the Agent, prepay any Group of CD Loans or (iii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (aSection 2.11(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Thomas & Betts Corp), 364 Day Credit Agreement (Thomas & Betts Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the AgentAgent not later than 11:30 A.M. (New York City time) on the date of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, 1,000,000 by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Martin Marietta Materials Inc), 364 Day Credit Agreement (Martin Marietta Materials Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Term Benchmark Loan to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's ’s notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Servicing Agent, prepay any Group of Euro-Dollar Loans consisting of Base Rate Loans or upon at least three Business Days’ notice to the Servicing Agent, prepay any Group of Loans consisting of Term Benchmark Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the AgentAgent not later than 11:30 A.M. (New York City time) on the date of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Martin Marietta Materials Inc), Revolving Credit Agreement (Martin Marietta Materials Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company Each Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing LIBOR Loans bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or or, subject to Section 2.13 and upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of CD or Euro-Dollar Loans, in each case Currency Loans in whole at any time, or from time to time in part in amounts aggregating $5,000,000 50,000,000 (or C$5,000,000 the Approximate Equivalent Amount thereof) or any larger multiple of $5,000,000 1,000,000 (or C$5,000,000, as the case may beApproximate Equivalent Amount thereof), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company Group. No Borrower may not prepay all or any portion of the principal amount of any Money Market Loan (other than a Money Market LIBOR Loan bearing interest at the Base Rate pursuant to Section 8.01(a)) prior to the maturity thereof. (cb) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Companyany Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Atlantic Richfield Co /De), Credit Agreement (Atlantic Richfield Co /De)

Optional Prepayments. (a) Subject in the case of The Borrower may prepay any Euro-Dollar Base -------------------- Rate Borrowing to Section 2.13, the Company may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three one Domestic Business Day's notice to the Agent or, subject to Section 2.13, prepay any Euro-Currency Borrowing upon at least two Euro-Currency Business Days' notice to the Agent, prepay in any Group of Euro-Dollar Loans, in each such case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 10,000,000 (or C$5,000,000 the Approximate Equivalent Amount thereof) or any larger multiple of $5,000,000 1,000,000 (or C$5,000,000, as the case may beApproximate Equivalent Amount thereof), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company . The Borrower may not prepay all or any portion of the principal amount of any Money Market Loan (other than a Money Market LIBOR Loan bearing interest at the Base Rate pursuant to Section 8.01(a)) prior to the maturity thereof. (cb) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Arco Chemical Co), Credit Agreement (Arco Chemical Co)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.019.1) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger whole multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Primex Technologies Inc), Credit Agreement (Primex Technologies Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)), (ii) or upon at least three Euro-Currency Domestic Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of CD Loans and (iii) upon at least three Euro-Dollar Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to but not including the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.11(a)(i), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.of

Appears in 2 contracts

Sources: Credit Agreement (Tyco International LTD), 364 Day Credit Agreement (Tyco International LTD)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one 1 Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' ’s notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case Base Rate Borrowing in whole at any time, or from time to time in part in amounts aggregating at least $5,000,000 or C$5,000,000 1,000,000, or any larger multiple of $5,000,000 or C$5,000,000, as the case may be500,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Base Rate Loans of the several Banks included in such Base Rate Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Euro-Dollar Loan or any Money Market Loan prior to the maturity thereoflast day of an Interest Period applicable thereto, unless such prepayment is accompanied by the amount due with respect thereto under Section 8.05(a). (c) The Borrower may prepay any Swing Line Loan in whole at any time, or from time to time in part in amounts aggregating at least $100,000 or any larger multiple thereof by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. (d) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 2 contracts

Sources: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic (1) Business Day's ’s notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Base Rate Loans, in each case in whole at any time, or from time to time in part in amounts aggregating One Million Dollars ($5,000,000 or C$5,000,000 1,000,000) or any larger multiple of One Hundred Thousand Dollars ($5,000,000 or C$5,000,000, as the case may be100,000), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) The Borrower may, upon at least one (1) Business Days’ notice to the Administrative Agent, prepay all or any portion of any Euro-Dollar Loan as of the last day of the Interest Period applicable thereto. Except as provided in subsection (a) above Article 8 and except with respect to any Euro-Dollar Loan which has been converted to a Base Rate Loan pursuant to Section 8.2, 8.3 or Section 8.028.4 hereof, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Euro-Dollar Loan prior to the maturity thereofend of the Interest Period applicable thereto unless the Borrower shall also pay any applicable expenses pursuant to Section 2.13. Any such prepayment shall be upon at least three (3) Business Days notice to the Administrative Agent. Each such optional prepayment shall be in the amounts set forth in Section 2.11(a) above and shall be applied to prepay ratably the Loans of the Banks included in any Group of Euro-Dollar Loans, except that any Euro-Dollar Loan which has been converted to a Base Rate Loan pursuant to Section 8.2, 8.3 or 8.4 hereof may be prepaid without ratable payment of the other Loans in such Group of Loans which have not been so converted. (c) Upon receipt Subject to the provisions of a notice of prepayment Section 2.3, any amounts so prepaid pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share Section 2.11(a) or (if anyb) of such prepayment and such notice shall may not thereafter be revocable by the Companyreborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Equity Office Properties Trust), Credit Agreement (Eop Operating LTD Partnership)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loan to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to in the Agent, prepay case of the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or 8.01(a)), upon at least three Euro-Currency one Domestic Business Days' Day's notice to the Administrative Agent, prepay such Group or Borrowing, or in the case of any Group of Euro-Dollar Loans, upon at least three Euro-Dollar Business Days' notice to the Administrative Agent, prepay such Group, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Ace LTD)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one same Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Loans or (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant ii) subject to Section 8.01) or 2.12, upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such BorrowingGroup of Loans. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof.[Reserved] (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Consolidated Edison Co of New York Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loan to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans Domestic Loans, any Swingline Borrowing (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) ), or upon at least three (four, in the case of Alternative Currency Loans) Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Currency Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 ($1,000,000 in the case of a Swingline Borrowing) or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a2.12(a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Universal Health Services Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.1) or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup. (b) Except as provided in subsection (a) above or Section 8.02above, the Company no Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Nationwide Financial Services Inc /Oh/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company Any Borrower may, upon at least (i) one Domestic Business Day's notice to the Administrative Agent, prepay in the case of a Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.019.1), (ii) or upon at least three Euro-Currency two Domestic Business Days' notice to the Administrative Agent in the case of any Group of CD Rate Loans, or (iii) three Euro-Dollar Business Days' notice to the Administrative Agent, prepay in the case of any Group of Euro-Dollar Loans, in each case prepay the Loans comprising such Group of Loans, in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. In connection with any such prepayment of Fixed Rate Loans, the relevant Borrower shall comply with the provisions of Section 2.16, if applicable. (b) Except as provided in subsection (a) above or Section 8.02of this Section, the Company no Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Companyrelevant Borrower.

Appears in 1 contract

Sources: Credit Agreement (United States Surgical Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one three Domestic Business Day's Days' notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Prime Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Fixed Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Central Hudson Gas & Electric Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's =s notice to the Agent, prepay the Group of any Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)), (ii) upon at least three Domestic Business Days= notice to the Agent, prepay any Group of CD Loans or (iii) upon at least three Euro-Currency Dollar Business Days' Days= notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger integral multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. In connection with any such prepayment of any Fixed Rate Loan, the Borrower shall comply with the provisions of Section 2.14. (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's =s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Consolidated Freightways Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company may, Borrower may (i) upon at least one Domestic Business Day's Days notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Prime Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' Days notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger integral multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group of Loans (or such Competitive Bid Borrowing). (b) Except as provided in subsection (aSection 2.11(a) above or Section 8.022.17, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to before the maturity thereofthereof without the express written consent of the Lender making such Loan. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Neiman Marcus Group Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loan to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Loans Domestic Loans, any Swingline Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) , or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 ($1,000,000 in the case of a Swingline Borrowing) or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a2.12(a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Universal Health Services Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the Group of any Base Rate Loans Borrowing or (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01ii) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment; provided that no such optional prepayment of any Tranche A Loan shall be permitted while any Tranche B Loans remain outstanding. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Rite Aid Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 1 contract

Sources: Credit Agreement (New Rockwell Collins Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one on any Domestic Business Day's notice to the AgentDays, prepay the Group of Base Rate Loans no later than 11:00 A.M. (Atlanta, Georgia time) (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate2:00 P.M., as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the AgentSwing Loans), prepay any Group of Euro-Dollar Loans, in each case Base Rate Borrowing in whole at any time, or from time to time in part in amounts aggregating at least $5,000,000 or C$5,000,000 1,000,000 or any larger integral multiple of $5,000,000 500,000, or C$5,000,000$100,000 or any larger integral multiple of $25,000, as to the Swing Loan (or in each case may beany lesser amount equal to the outstanding balance of such Loan), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment of a Syndicated Loan shall be applied to prepay ratably the Base Rate Loans of the several Banks included in such Base Rate Borrowing. (b) Except as provided in subsection (a) above or Section 8.02Subject to any payments required pursuant to the terms of Article VIII for such Euro-Dollar Loans, upon 3 Domestic Business Day's prior written notice, the Company Borrower may not prepay in minimum amounts of $3,000,000 or any larger integral multiple of $1,000,000 (or any lesser amount equal to the outstanding balance of such Loan) all or any portion of the principal amount of any Money Market Euro-Dollar Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this SectionSection 2.09, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice notice, once received by the Agent, shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (JDN Realty Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.12, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) 8.1), or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, 10,000,000 by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Trigon Healthcare Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or or, subject to Section 2.13, any CD Borrowing and (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection clause (ai) above or of Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Thomas & Betts Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company may, Borrower may (i) upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Prime Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger integral multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group of Loans (or such Competitive Bid Borrowing). (b) Except as provided in subsection (aSection 2.11(a) above or Section 8.022.17, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Marathon Oil Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, upon at least one Borrower may (i) on any Domestic Business Day's , upon notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and this Agreement with respect to Letters of Credit issued by it prior to such Bank's ratable share (if any) of such prepayment and such notice replacement, but shall not thereafter be revocable by the Companyrequired to issue additional Letters of Credit.

Appears in 1 contract

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Prime Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger integral multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group of Loans (or such Competitive Bid Borrowing). (b) Except as provided in subsection (aSection 2.11(a) above or Section 8.022.17, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to before the maturity thereofthereof without the express written consent of the Lender making such Loan. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such BankLender's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Neiman Marcus Group Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Eurocurrency Loan to Section 2.133.05, the Company may, upon at least one Domestic Business Day's Borrowers may (i) with notice to by 12:00 Noon on the Agentdate of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Swingline Borrowing or any Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans3.02, in each case in whole at any time, or from time to time in part in amounts aggregating an aggregate Dollar Amount of $5,000,000 ($100,000 in the case of a Swingline Borrowing) or C$any larger multiple of $1,000,000 ($100,000 in the case of a Swingline Borrowing), or (ii) upon at least three Business Days’ notice to the Administrative Agent, prepay any Group of Eurocurrency Loans in whole at any time, or from time to time in part in an aggregate Dollar Amount of $5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group or Borrowing. (b) Except as provided in subsection (aSection 2.10(a) above or Section 8.02above, the Company ▇▇▇▇▇▇▇▇▇ may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (Carpenter Technology Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.12, the Company may, Borrower may (i) upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (aSection 2.10(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Consolidated Edison Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loan to Section 2.13, the Company may, upon at least one Domestic Business Day's Borrower may (i) with notice to by 12:00 Noon (New York City time) on the Agentdate of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansSwingline Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating a minimum aggregate Dollar Amount of $5,000,000 or C$5,000,000 1,000,000 ($100,000 in the case of a Swingline Borrowing) or any larger multiple of $5,000,000 or C$5,000,000, as 500,000 ($100,000 in the case may beof a Swingline Borrowing), or (ii) upon at least three Euro-Currency Business Days’ notice to the Administrative Agent, prepay any Group of Euro-Currency Loans in whole at any time, or from time to time in part in a minimum aggregate Dollar Amount of $2,000,000 or, in the case of Dollar-Denominated Loans, any larger multiple of $500,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Blyth Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Term Benchmark Loans to Section 2.132.14, the Company may, upon at least one Borrower may (i) on any Domestic Business Day's , upon notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Base Rate Loans or (ii) upon at least three U.S. Government Securities Business Days’ notice to the Administrative Agent, prepay any Group of Term Benchmark Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. For the avoidance of doubt, the Borrower shall not have the right to prepay any Competitive Loan without the prior consent of the Bank thereof. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof[Reserved]. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.132.15, the Company each Borrower may, upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) made to it or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansBorrowing made to it, in each case in whole at any time, or from time to time in part in amounts aggregating an aggregate amount not less than $5,000,000 or C$5,000,000 20,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment1,000,000. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company A Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan made to it prior to the maturity thereofthereof except (i) as provided in subsection (a) above or (ii) with respect to any particular Competitive Bid Loan, as agreed upon between the Lender making such Loan and such Borrower so long as at the time such Borrower makes such prepayment no Default has occurred and is continuing. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Companyapplicable Borrower.

Appears in 1 contract

Sources: Credit Agreement (Estee Lauder Companies Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Domestic. Business Day's notice to the Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans any Domestic Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(ii)) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 15,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Multi Year Credit Agreement and 364 Day Credit Agreement (Gillette Co)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company A Borrower may, upon at -------------------- least one Domestic Base Rate Business Day's notice to the Agent, prepay the a Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant made to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case such Borrower in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided A Borrower may, upon at least three Euro-Dollar Business Days' notice to the Agent, prepay a Group of Euro-Dollar Loans made to such Borrower on the last day of any Interest Period applicable to such Group, in subsection (a) above whole at any time, or Section 8.02, the Company may not prepay all from time to time in part in amounts aggregating $25,000,000 or any portion larger multiple of $1,000,000, by paying the principal amount of any Money Market Loan prior to be prepaid together with accrued interest thereon to the maturity thereofdate of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Companyeither Borrower.

Appears in 1 contract

Sources: Credit Agreement (Hancock John Financial Services Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01), (ii) upon at least two Domestic Business Days' notice to the Agent, prepay any Group of CD Loans or (iii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (aSection 2.11(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Thomas & Betts Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Term Benchmark Loans to Section 2.132.14, the Company may, upon at least one Borrower may (i) on any Domestic Business Day's , upon notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Base Rate Loans or (ii) upon at least three U.S. Government Securities Business Days’ notice to the Administrative Agent, prepay any Group of Term Benchmark Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. For the avoidance of doubt, the Borrower shall not have the right to prepay any Competitive Loan without the prior consent of the Bank thereof. (a) [Reserved]. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.14, the Company Borrower may, (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01), (ii) upon at least two Domestic Business Days' notice to the Administrative Agent, prepay any Group of CD Loans or (iii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (aSection 2.12(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Guidant Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loan to Section 2.13SECTION 3.05, the Company may, upon at least one Domestic Business Day's Borrower may (i) with notice to by 12:00 Noon on the Agentdate of such prepayment, prepay the any Group of Base Rate Loans (Loans, any Swingline Borrowing or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansSECTION 3.02, in each case in whole at any time, or from time to time in part in amounts aggregating an aggregate principal amount of $5,000,000 or C$5,000,000 or any larger multiple of $1,000,000, or (ii) upon at least three Business Days' notice to the Administrative Agent, prepay any Group of Eurodollar Loans in whole at any time, or from time to time in part in an aggregate principal amount of $5,000,000 or C$5,000,000, as the case may beany larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group or Borrowing. (b) Except as provided in subsection (aSUBSECTION 2.09(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such BankLender's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Worthington Industries Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.11, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans of any Class or (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01ii) or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansLoans of any Class, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 1,000,000 in the case of Term Loans or C$5,000,000 $500,000 in the case of Revolving Loans or in each case any larger multiple of $5,000,000 or C$5,000,000, as the case may be100,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such BorrowingGroup of Loans. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank applicable Lender of the contents thereof and of such BankLender's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Sybron Chemicals Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Agent, Administrative Agent not later than 11:00 A.M. (New York City time) on any Domestic Business Day prepay the on such Domestic Business Day any Group of Base Rate Loans (or any Money Market Bid Rate Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01 (a) or and (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, Administrative Agent not later than 11:00 A.M. (New York City time) prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepaymentprepayment and together with any additional amounts payable pursuant to Section 2.14. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Bid Rate Loan prior to the maturity thereofthereof except with the express written consent of the Bank holding such Bid Rate Loan. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Duke Energy Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Euro-Dollar Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup. (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Dean Foods Co)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the Servicing Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or upon at least three Euro-Currency Business Days' notice to the Servicing Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Servicing Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Clorox Co /De/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, may (i) upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 25,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 1 contract

Sources: Credit Agreement (Rockwell Automation Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.13211, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans of any Class or (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or ii upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansLoans of any Class, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 1,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may bethereof, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment; provided that the Borrower may prepay the aggregate outstanding principal amount of all Revolving Credit Loans, regardless of the principal amount thereof. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Republic Group Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, (i) upon at least one Domestic Business Day's notice to the AgentAgent not later than 11:00 A.M. (Eastern Standard Time) on the date of prepayment, prepay the any Group of Base Rate Loans on any Domestic Business Day; or (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01ii) or upon at least three Euro-Currency Eurodollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, Eurodollar Loans on the last day of any Interest Period applicable thereto; in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as 1,000,000 (except in the case of the prepayment of the full aggregate outstanding amount of any Group of Loans, in which case such full aggregate outstanding balance may bebe prepaid), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof thereof, and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Turner Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Borrowing, to Section 2.13, the Company Borrower may, upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 1,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, thereof by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower. (c) Each prepayment of the Term Loans made by the Company pursuant to this Section shall be applied to reduce pro-rata by amount the amount of the subsequent scheduled repayments of the Term Loans to be made pursuant to Section 2.05(b).

Appears in 1 contract

Sources: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)

Optional Prepayments. (a) Subject in the case of any CD Loans and Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at as the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01), (ii) or upon at least two Domestic Business Days' notice to the Administrative Agent, prepay any Group of CD Loans and (iii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. (b) Except as provided in subsection (aSection 2.12(a) above or Section 8.02above, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and 143 of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 1 contract

Sources: Credit Agreement (Applied Materials Inc /De)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.12, the Company may, Borrower may (i) upon at least one Domestic Business Day's ’s notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Competitive Bid Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group of Loans (or such Competitive Bid Borrowing). (b) Except as provided in subsection (aSection 2.10(a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Competitive Bid Loan prior to before the maturity thereof. (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Consolidated Edison Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at -------------------- least one 1 Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case Base Rate Borrowing in whole at any time, or from time to time in part in amounts aggregating at least $5,000,000 or C$5,000,000 1,000,000 or any larger integral multiple of $5,000,000 500,000 (or C$5,000,000, as any lesser amount equal to the case may beoutstanding balance of such Loan), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Base Rate Loans of the several Banks included in such Base Rate Borrowing. (b) Except as provided in subsection (a) above or Section 8.02Subject to any payments required pursuant to the terms of Article VIII for such Euro-Dollar Loan, upon 3 Domestic Business Day's prior written notice, the Company Borrower may not prepay in minimum amounts of $3,000,000 or any larger integral multiple of $1,000,000 (or any lesser amount equal to the outstanding balance of such Loan) all or any portion of the principal amount of any Money Market Euro- Dollar Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this SectionSection 2.10, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice notice, once received by the Agent, shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (JDN Realty Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.132.14, the Company Borrower may, upon at least one Domestic Business Day's notice to the AgentAgent not later than 11:30 A.M. (New York City time) on the date of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, 1,000,000 by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group (or Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (Martin Marietta Materials Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.13, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans any Domestic Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(ii)) or upon at least three Euro-Currency EuroDollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansEuroDollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 15,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Gillette Co)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one 1 Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case Base Rate Borrowing in whole at any time, or from time to time in part in amounts aggregating at least $5,000,000 or C$5,000,000 1,000,000 with additional increments of $500,000 (or any larger multiple lesser amount equal to the outstanding balance of $5,000,000 or C$5,000,000, as the case may besuch Borrowing), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Base Rate Loans of the several Banks Lenders included in such Base Rate Borrowing. (b) Except as provided in subsection (a) above or Section 8.02Subject to any payments required pursuant to the terms of Article VIII for such Fixed Rate Loan, upon 3 Domestic Business Day's prior written notice, the Company Borrower may not prepay in minimum amounts of $1,000,000 with additional increments of $1,000,000 (or any lesser amount equal to the outstanding balance of such Loan) all or any portion of the principal amount of any Money Market Fixed Rate Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this SectionSection 2.11, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such BankLender's ratable share (if any) of such prepayment and such notice notice, once received by the Administrative Agent, shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Airborne Freight Corp /De/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one (i) the same Domestic Business Day's ’s notice to the Administrative Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.1 (a)) or upon at least (ii) three Euro-Currency Domestic Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepaymentprepayment and in the case of a prepayment of a Money Market Borrowing or a Euro-Dollar Borrowing, together with compensation therefor pursuant to Section 2.13. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable ’s share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Five Year Credit Agreement (Meadwestvaco Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one three Domestic Business Day's Days' notice to the Agent, prepay the Group of Base Rate Loans any Domestic Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection Section 2.10(d) and in clause (ai) above or of Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereofthereof without the consent of the applicable Bank. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Rite Aid Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 50,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group or Borrowing. (b) Except as provided The Borrower may, upon at least three Euro-Dollar Business Days' notice to the Agent, in subsection (a) above the case of a Group of Euro-Dollar Loans, prepay the Loans comprising such a Group on the last day of any Interest Period applicable to such Group, in whole at any time, or Section 8.02, the Company may not prepay all from time to time in part in amounts aggregating $50,000,000 or any portion larger multiple of $5,000,000, by paying the principal amount of any Money Market Loan prior to be prepaid together with accrued interest thereon to the maturity thereofdate of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Cit Group Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Group of Eurodollar Loans to Section 2.132.15, the Company Borrower may, upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Eurodollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such BorrowingGroup. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal The amount of any Money Market Loan prior optional prepayment pursuant to this Section 2.09 shall be applied to subsequent scheduled amortization of the maturity thereofLoans ratably. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such BankLender's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Term Loan Agreement (United States Steel Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's notice to the AgentAdministrative Agent not later than 11:00 A.M. (New York City time) on the date of such prepayment, prepay the a Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 1,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. . (b) The Borrower may, upon at least three Domestic Business Days' notice to the Administrative Agent, in the case of a Group of CD Loans, or upon at least three Euro-Dollar Business Days' notice to the Administrative Agent, in the case of a Group of Euro-Dollar Loans, prepay the Loans comprising such Group in whole at any time, or from time to time in part in amounts aggregating $1,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment; provided that the Borrower shall reimburse each Bank for any loss or expense incurred by it as a result of any such prepayment in accordance with Section 2.15. (c) Each such optional prepayment of all or part of a Group of Loans pursuant to this Section 2.13 shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (cd) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Beverly Enterprises Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, upon at least one Borrower may (i) on any Domestic Business Day's , upon notice to the Administrative Agent, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Optional Prepayments. (a) Subject in the case of any CD Loans or Euro-Dollar Borrowing Loans to Section 2.13, the Company Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.1(a)) or or, upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of CD Borrowing or Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 1,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02Sections 8.2 and 8.3(c), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Cone Mills Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Loans to Section 2.13, the Company may, Borrower may upon at least one Domestic Business Day's notice to the Agent, prepay Agent not later than 10:30 A.M. (New York City time) (i) on the Domestic Business Day preceding the date of prepayment of any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three (ii) the third Euro-Currency Dollar Business Days' notice to Day before the Agent, prepay date of prepayment of any Group of Euro-Dollar Loans, prepay any such Group (or Borrowing), in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 10,000,000 or C$5,000,000 or any a larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to but not including the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such once notice is so given to the Banks, the Borrower's notice of prepayment shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Tyco International LTD /Ber/)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.132.14, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans any Domestic Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) upon at least three Euro-Currency Dollar Business Days' Days notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection clause (ai) above or of Section 8.022.12(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereofLoan. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's Bank s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Neiman Marcus Group Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans any Domestic Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or (ii) subject to Section 2.13, upon at least three 24 30 Euro-Currency Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection clause (ai) above or of Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Harcourt General Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Fixed Rate Borrowing to Section 2.13, the Company Borrower may, in the case of any CD Borrowing, upon at least three Domestic Business Days' notice to the Agent, prepay such CD Borrowing, or, in the case of any other Domestic Borrowing (or any Money Market Borrowing bearing interest at the Base Rate pursuant to Section 8.01(a)), upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (such other Domestic Borrowing, or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as in the case may beof any Euro-Dollar Borrowing, pursuant to Section 8.01) or upon at least three Euro-Currency Dollar Business Days' notice to the Agent, prepay any Group of Euro-Euro- Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.022.11(a), the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Ace LTD)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Eurocurrency Loan to Section 2.133.05, the Company may, upon at least one Domestic Business Day's Borrower may (i) with notice to by 12:00 Noon on the Agentdate of such prepayment, prepay the any Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans3.02, in each case in whole at any time, or from time to time in part in amounts aggregating an aggregate Dollar Amount of $5,000,000 or C$5,000,000 or any larger multiple of $1,000,000, or (ii) upon at least three Business Days’ notice to the Administrative Agent, prepay any Group of Eurocurrency Loans in whole at any time, or from time to time in part in an aggregate Dollar Amount of $5,000,000 or C$5,000,000, as the case may beany larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Group or Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Carpenter Technology Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) -------------------- upon at least one Domestic Business Day's Days' notice to the Agent, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)) or or, subject to Section 2.13, any CD Borrowing and (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Agent, subject to Section 2.13, prepay any Group of Euro-Dollar LoansBorrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing. (b) Except as provided in clause (i) of subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Unumprovident Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company may, The Borrower may (i) upon at least one same Domestic Business Day's ’s notice to the Administrative Agent, which shall be substantially in the form of Exhibit H or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), prepay the any Group of Base Rate Loans or (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant ii) subject to Section 8.01) or 2.12, upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such BorrowingGroup of Loans. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof.[Reserved] (c) Upon receipt of Promptly after receiving a notice of prepayment pursuant to this SectionSection 2.10, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of such Bank's Lender’s ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: 364 Day Senior Unsecured Term Loan Credit Agreement (Consolidated Edison Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company Borrower may, upon at least one Domestic three Business Days’ notice, as to Eurodollar Loans, or same Business Day's ’s notice, as to Base Rate Loans, to Administrative Agent (and Administrative Agent will promptly give notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01other Lenders) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time and without premium or penalty (other than any amounts due under Section 3.7 hereof with respect to prepayments of any Eurodollar Loans) prepay the Loans, in part whole or in part, so long as the aggregate amounts aggregating of all partial prepayments of principal on (i) Eurodollar Loans equals $5,000,000 or C$5,000,000 2,500,000 or any larger higher integral multiple of $5,000,000 or C$5,000,000500,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the and (ii) Base Rate Loans of the several Banks included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all equals $500,000 or any portion higher integral multiple of the principal amount of any Money Market Loan prior to the maturity thereof. (c) $500,000. Upon receipt of a any such notice, Administrative Agent shall give each Lender prompt notice of the terms thereof. Each prepayment of principal of a Loan under this section shall be accompanied by all interest then accrued and unpaid on the principal so prepaid. Any principal or interest prepaid pursuant to this Sectionsection shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Agent shall promptly notify each Bank of Loan Documents at the contents thereof and time of such Bank's ratable share (if any) of prepayment. Following notice by Borrower pursuant to the foregoing, Borrower shall make such prepayment, and the prepayment and amount specified in such notice shall not thereafter be revocable by due and payable, on the Companydate specified in such notice.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Plains All American Pipeline Lp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing Fixed Rate Loans to Section 2.132.12, the Company may, Borrower may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the any Group of Base Rate Domestic Loans (or any Money Market Borrowing bearing interest at the Base Reference Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or (ii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Euro- Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 10,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans (or such Money Market Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower. (c) Except as expressly provided in Section 2.10(a), the Borrower may not prepay the Money Market Loans at any time.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Praxair Inc)

Optional Prepayments. (a) Subject in the case of any CD Loans and Euro-Dollar Borrowing Loans to Section 2.132.14, the Company may, may (i) upon at least one Domestic Business Day's notice to the Administrative Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at as the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01), (ii) or upon at least two Domestic Business Days' notice to the Administrative Agent, prepay any Group of CD Loans and (iii) upon at least three Euro-Currency Dollar Business Days' notice to the Administrative Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such BorrowingGroup of Loans. (b) Except as provided in subsection (aSection 2.12(a) above or Section 8.02above, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 1 contract

Sources: Credit Agreement (Applied Materials Inc /De)

Optional Prepayments. The Borrower may at any time and from time to time prepay the Revolving Credit Loans (a) Subject subject, in the case of any Euro-Dollar Borrowing Eurodollar Loans, C/D Rate Loans and Money Market Loans, to Section compliance with the terms of Sections 2.1(e), 2.2(e) and 2.13), the Company mayin whole or in part, without premium or penalty, upon at least one Domestic three Business Day's Days' irrevocable notice to the Administrative Agent, prepay specifying the Group date and amount of Base prepayment and whether the prepayment is of Eurodollar Loans, C/D Rate Loans (or any Loans, ABR Loans, Money Market Borrowing bearing interest at Loans or a combination thereof, and, if of a combination thereof, the Base Rate amount allocable to each, provided that such prepayments shall be applied, first, to the Facility A Revolving Credit Loans and, second, to the Facility B Revolving Credit Loans. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with any amounts payable pursuant to Section 2.13. Partial prepayments shall be in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the Canadian Prime Rateaggregate outstanding principal amount of Facility A Revolving Credit Loans or Facility B Revolving Credit Loans, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing). (b) Except as provided in subsection (a) above or Section 8.02, the Company may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Company.

Appears in 1 contract

Sources: Credit Agreement (Kimco Realty Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at -------------------- least one 1 Domestic Business Day's notice to the Agent, prepay the Group of Base Rate Loans (or any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case Base Rate Borrowing in whole at any time, or from time to time in part in amounts aggregating at least $5,000,000 or C$5,000,000 1,000,000 or any larger integral multiple of $5,000,000 500,000 (or C$5,000,000, as any lesser amount equal to the case may beoutstanding balance of such Loan), by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Base Rate Loans of the several Banks included in such Base Rate Borrowing. (b) Except as provided in subsection (a) above or Section 8.02Subject to any payments required pursuant to the terms of Article VIII for such Euro-Dollar Loan, upon 3 Domestic Business Day's prior written notice, the Company Borrower may not prepay in minimum amounts of $3,000,000 or any larger integral multiple of $1,000,000 (or any lesser amount equal to the outstanding balance of such Loan) all or any portion of the principal amount of any Money Market Euro- Dollar Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this SectionSection 2.09, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice notice, once received by the Agent, shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (JDN Realty Corp)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Company The Borrower may, upon at least one Domestic Business Day's notice to the Agent (which notice the Agent shall promptly forward to the Banks) and payment to the Agent, prepay for the Group ratable benefit of Base Rate Loans (or the Banks, of any Money Market Borrowing bearing interest at the Base Rate or the Canadian Prime Rate, as the case may be, pursuant to amounts required by Section 8.01) or upon at least three Euro-Currency Business Days' notice to the Agent8.05, prepay any Group of Euro-Dollar Loans, in each case Base Rate Borrowing (to the extent not precluded by Section 2.10(b)) in whole or in part at any time, or from time to time in part in amounts aggregating a minimum amount of at least $5,000,000 or C$5,000,000 500,000, or any larger multiple of $5,000,000 or C$5,000,000, as the case may be500,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such relevant Borrowing. (b) Except as provided in subsection (a) above or Section 8.02Subject to any and all payments required pursuant to the provisions of Article VIII hereof, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan, Euro_Dollar Loan or Offshore Loan prior to the maturity thereofend of the relevant Stated Maturity Date or Interest Period, respectively, applicable to such Loan, in a minimum amount of at least $500,000 (or the Dollar Equivalent Amount thereof in any Alternate Currency), or any larger multiple of $500,000 (or the Dollar Equivalent Amount thereof in any Alternate Currency). (c) Upon receipt of a notice of prepayment pursuant to this SectionSection 2.10, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (Home Depot Inc)

Optional Prepayments. (a) Subject in the case of any Euro-Dollar Borrowing -------------------- Fixed Rate Loans to Section 2.13, the Company Borrower may, (i) upon at least one Domestic Business Day's notice to the AgentAgent not later than 10:30 A.M. (New York City time) on the date of prepayment, prepay the Group of any Base Rate Loans Borrowing (or any Money Market Borrowing bearing interest at the Base Prime Rate or the Canadian Prime Rate, as the case may be, pursuant to Section 8.018.01(a)), (ii) or upon at least not less than three Euro-Currency Euro- Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar LoansBorrowing and (iii) upon not less than two Domestic Business Days' notice to the Agent, prepay any CD Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or C$5,000,000 or any larger multiple of $5,000,000 or C$5,000,000, as the case may be, by paying the principal amount to be being prepaid together with interest accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks Lenders included in such Borrowing. (b) Except as provided in subsection (a) above or Section 8.02above, the Company Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. (c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank Lender of the contents thereof and of such BankLender's ratable share (if any) of such prepayment prepayment, and such notice shall not thereafter be revocable by the CompanyBorrower.

Appears in 1 contract

Sources: Credit Agreement (FMC Corp)