Common use of Optional Principal Payments Clause in Contracts

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Floating Rate Advances, or any portion of the outstanding Floating Rate Advances, in a minimum aggregate amount of $3,000,000 or any integral multiple of $1,000,000 in excess thereof, upon prior notice to the Administrative Agent at or before 10:00 a.m. (Chicago time) on the date of such payment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances or, in a minimum aggregate amount of $3,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three (3) Business Days' prior notice to the Administrative Agent. The Borrower may at any time pay, without penalty or premium, all outstanding Swing Line Loans or, in a minimum amount of $300,000 and increments of $100,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. (Chicago time) on the date of repayment.

Appears in 3 contracts

Samples: Credit Agreement (Applebees International Inc), Assignment Agreement (Applebees International Inc), Revolving Credit Agreement (Applebees International Inc)

AutoNDA by SimpleDocs

Optional Principal Payments. The Any Borrower may from time to time pay, without penalty or premium, all outstanding Floating Rate AdvancesAdvances (other than Swing Line Loans), or any portion of the outstanding Floating Rate Advancesor, in a minimum aggregate amount of $3,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Floating Rate Advances upon one Business Day’s prior written notice to the Administrative Agent at or before 10:00 a.m. (Chicago time) on the date of such paymentAgent. The Any Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances Eurocurrency Advances, or, in a minimum aggregate amount of $3,000,000 or any integral multiple of $1,000,000 in excess thereofthereof (or the Approximate Equivalent Amount if denominated in an Agreed Currency other than Dollars), any portion of the outstanding Eurodollar Eurocurrency Advances upon three (3) Business Days' prior written notice to the Administrative Agent. The Any Borrower may at any from time to time pay, without penalty or premium, all outstanding Swing Line Loans Loans, or, in a minimum amount of $300,000 100,000 and increments of $100,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 12:00 noon (Chicago local time) on the date of repayment.

Appears in 2 contracts

Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)

Optional Principal Payments. The Borrower Borrowers may from time to time pay, without penalty or premium, all outstanding Floating Rate Advances, or any portion of the outstanding Floating Rate Advances, in a minimum aggregate amount of $3,000,000 1,000,000 or any integral multiple of $1,000,000 250,000 in excess thereof, upon prior notice to the Administrative Agent at or before 10:00 a.m. 12:00 noon (Chicago time) on one (1) Business Day prior to the date of such payment. The Borrower Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances Eurocurrency Advances, or, in a minimum aggregate amount of $3,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereofthereof (or the Approximate Equivalent Amount if denominated in a Foreign Currency), any portion of the outstanding Eurodollar Eurocurrency Advances upon three five (35) Business Days' prior notice to the Administrative Agent. The Borrower Borrowers may at any time pay, without penalty or premium, all outstanding Swing Line Loans Loans, or, in a minimum amount of $300,000 1,000,000 and increments of $100,000 500,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 12:00 noon (Chicago time) on the date of repayment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Acuity Brands Inc), Revolving Credit Agreement (Zep Inc.)

Optional Principal Payments. The Borrower Borrowers may from time to time pay, without penalty or premium, all outstanding Floating Rate Advances, or any portion of the outstanding Floating Rate Advances, in a minimum aggregate amount of $3,000,000 1,000,000 or any integral multiple of $1,000,000 250,000 in excess thereof, upon prior notice to the Administrative Agent at or before 10:00 a.m. 12:00 noon (Chicago time) on one (1) Business Day prior to the date of such payment. The Borrower Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances Advances, or, in a minimum aggregate amount of $3,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three five (35) Business Days' prior notice to the Administrative Agent. The Borrower Borrowers may at any time pay, without penalty or premium, all outstanding Swing Line Loans Loans, or, in a minimum amount of $300,000 1,000,000 and increments of $100,000 500,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 12:00 noon (Chicago time) on the date of repayment.

Appears in 2 contracts

Samples: Credit Agreement (L&c Spinco Inc), Assignment Agreement (Acuity Brands Inc)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Floating Rate AdvancesAdvances (other than Swing Line Loans), or any portion of the outstanding Floating Rate Advancesor, in a minimum aggregate amount of $3,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Floating Rate Advances upon one Business Day's prior written notice to the Administrative Agent at or before 10:00 a.m. (Chicago time) on the date of such paymentAgent. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances Eurocurrency Advances, or, in a minimum aggregate amount of $3,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereofthereof (or the Approximate Equivalent Amount if denominated in an Agreed Currency other than Dollars), any portion of the outstanding Eurodollar Eurocurrency Advances upon three (3) Business Days' prior written notice to the Administrative Agent. The Borrower may at any from time to time pay, without penalty or premium, all outstanding Swing Line Loans Loans, or, in a minimum amount of $300,000 1,000,000 and increments of $100,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 12:00 noon (Chicago time) on the date of repayment.

Appears in 2 contracts

Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)

AutoNDA by SimpleDocs

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Floating Rate Advances, or any portion of the outstanding Floating Rate Advances, in a minimum aggregate amount of $3,000,000 or any integral multiple of $1,000,000 in excess thereof, upon prior notice to the Administrative Agent at or before 10:00 a.m. 12:00 noon (Chicago time) on the date of such payment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances or, in a minimum aggregate amount of $3,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three (3) Business Days' prior notice to the Administrative Agent. The Borrower may at any time pay, without penalty or premium, all outstanding Swing Line Loans or, in a minimum amount of $300,000 and increments of $100,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 12:00 noon (Chicago time) on the date of repayment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Applebees International Inc)

Optional Principal Payments. The Borrower Borrowers may from time to time pay, without penalty or premium, all outstanding Floating Rate Advances, or any portion of the outstanding Floating Rate Advances, in a minimum aggregate amount of $3,000,000 1,000,000 or any integral multiple of $1,000,000 250,000 in excess thereof, upon prior notice to the Administrative Agent at or before 10:00 a.m. 12:00 noon (Chicago time) on one (1) Business Day prior to the date of such payment. The Borrower Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances Advances, or, in a minimum aggregate amount of $3,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three five (35) Business Days' prior notice to the Administrative Agent. The Borrower Borrowers may at any time pay, without penalty or premium, all outstanding Swing Line Loans Loans, or, in a minimum amount of $300,000 1,000,000 and increments of $100,000 500,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 12:00 noon (Chicago time) on the date of repayment.

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Acuity Brands Inc)

Optional Principal Payments. The Borrower may from time to time --------------------------- pay, without penalty or premium, all outstanding Floating Rate Advances, or any portion of the outstanding Floating Rate Advances, Advances in a minimum aggregate amount of $3,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, thereof upon prior notice to the Administrative Agent at or before 10:00 a.m. noon (Chicago New York time) on the date of such paymentprepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but ----------- without penalty or premium, all outstanding Eurodollar Advances Advances, or, in a minimum aggregate amount of $3,000,000 10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three five (35) Business Days' prior notice to the Administrative Agent. The Borrower may at any time pay, without penalty or premium, all outstanding Swing Line Loans Loans, or, in a minimum amount of $300,000 5,000,000 and increments of $100,000 1,000,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m. 2:00 p.m. (Chicago New York time) on the date of repayment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mead Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.