Common use of Payment of Portion Clause in Contracts

Payment of Portion. Notwithstanding the other provisions hereof, if a Lender gives the notice provided for in Section 8.6.1 with respect to any Loan (an "Affected Loan"), the Borrower may at its option, upon ten Business Days notice to that effect given to such Lender (which notice shall be irrevocable with a copy to the Administrative Agent), unless such prepayment causes a Default to have occurred hereunder, elect to prepay in full without penalty such Affected Loan outstanding together with accrued and unpaid interest on the principal amount so prepaid up to the date of such prepayment, such Additional Compensation as may be applicable to the date of such payment and all costs, losses and expenses incurred by such Lender by reason of the liquidation or re-employment of deposits or other funds contemplated by Section 12.2 or for any other reason whatsoever resulting from the repayment of such Affected Loan or any part thereof on other than the last day of the applicable interest period, and upon such payment being made, such Lender's obligations in respect of such Affected Loan to the Borrower under this Agreement shall terminate. Alternatively, the Borrower:

Appears in 2 contracts

Samples: Credit Agreement (Quebecor Printing Inc), Credit Agreement (Quebecor Printing Inc)

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Payment of Portion. Notwithstanding the any other provisions hereofterm or condition of this Agreement, if a the Lender gives the notice provided for in Section 8.6.1 5.13 with respect to any Loan Borrowing (an "Affected LoanBorrowing"), the Borrower may at its option, upon ten 10 Business Days notice to that effect given to such the Lender (which notice shall be irrevocable with a copy to the Administrative Agent), irrevocable) unless such prepayment causes a an Event of Default to have occurred hereunder, elect to prepay in full without penalty such Affected Loan Borrowing outstanding together with accrued and unpaid interest on the principal amount so prepaid up to the date of such prepayment, prepayment and pay such Additional Compensation as may be applicable to the date of such payment and all costs, losses and expenses incurred by such the Lender by reason of the liquidation or re-employment of deposits or other funds contemplated by Section 12.2 or for any other reason whatsoever resulting from the repayment of such Affected Loan Borrowing or any part thereof on other than thereof. Upon its receipt of such prepayment, the last day Lender shall refund a proportionate share of the applicable interest period, and upon such payment being made, such Lender's obligations in respect of such Affected Loan to the Borrower under this Agreement shall terminate. Alternatively, the Borrower:Arrangement Fee.

Appears in 1 contract

Samples: Credit Agreement (Richardson Electronics LTD/De)

Payment of Portion. Notwithstanding the other provisions hereof, if a Lender gives the notice provided for in Section 8.6.1 9.5 with respect to any Loan Borrowing (an "Affected LoanAFFECTED BORROWING"), the Borrower may at its option, upon ten Business Days notice to that effect given to such Lender (which notice shall be irrevocable with a copy to the Administrative Agentirrevocable), unless such prepayment or assignment causes a Default to have occurred hereunder, elect to prepay in full without penalty such Affected Loan Borrowing outstanding together with accrued and unpaid interest on the principal amount so prepaid up to the date of such prepayment, such Additional Compensation as may be applicable to the date of such payment and all costs, losses and expenses incurred by such Lender by reason of the liquidation or re-employment of deposits or other funds contemplated by Section 12.2 or for any other reason whatsoever resulting from the repayment of such Affected Loan Borrowing or any part thereof on other than the last day of the applicable interest period, and upon period or term. Upon such payment being made, such Lender's obligations in respect of such Affected Loan to the Borrower Borrowing under this Agreement shall terminate. Alternatively, the Borrower:.

Appears in 1 contract

Samples: Credit Agreement (Phoenix International Life Sciences Inc)

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Payment of Portion. Notwithstanding the any other provisions hereofterm or condition of this Agreement, if a the Lender gives the notice provided for in Section 8.6.1 5.11 with respect to any Loan Borrowing (an "Affected LoanBorrowing"), the Borrower may at its option, upon ten 10 Business Days notice to that effect given to such the Lender (which notice shall be irrevocable with a copy to the Administrative Agent), irrevocable) unless such prepayment causes a an Event of Default to have occurred hereunder, elect to prepay in full without penalty such Affected Loan Borrowing outstanding together with accrued and unpaid interest on the principal amount so prepaid up to the date of such prepayment, prepayment and pay such Additional Compensation as may be applicable to the date of such payment and all costs, losses and expenses incurred by such the Lender by reason of the liquidation or re-employment of deposits or other funds contemplated by Section 12.2 or for any other reason whatsoever resulting from the repayment of such Affected Loan Borrowing or any part thereof on other than thereof. Upon its receipt of such prepayment, the last day Lender shall refund a proportionate share of the applicable interest period, and upon such payment being made, such Lender's obligations in respect of such Affected Loan to the Borrower under this Agreement shall terminate. Alternatively, the Borrower:Arrangement Fee.

Appears in 1 contract

Samples: Credit Agreement (Richardson Electronics LTD/De)

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