PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such payments shall be applied first to Base Margin Loans and only then to Libor Loans.
Appears in 4 contracts
Samples: Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)
PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such Such payments shall be applied first to Base Margin Loans and only then to Libor Loans.
Appears in 2 contracts
Samples: Loan and Security Agreement (Paper Warehouse Inc), Loan and Security Agreement (Roberds Inc)
PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such payments shall be applied first to Base Margin Loans and only then to Libor Loans. All payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Revolving Credit Lenders to which such payment is owed, at the Administrative Agent’s office in Dollars and in immediately available funds.
Appears in 2 contracts
Samples: Revolving Credit Note (Casual Male Retail Group Inc), Revolving Credit Note (Casual Male Retail Group Inc)
PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless notified otherwise by the Borrowers’ Representative otherwise advises the Administrative AgentBorrower, such payments shall be applied first to Base Margin Prime Rate Loans and only then to Libor Loans.
Appears in 1 contract
PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers may MAY repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless the Borrowers’ ' Representative otherwise advises the Administrative Agent, such payments shall be applied first to Base Margin Loans and only then to Libor Loans.
Appears in 1 contract
PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such Such payments shall be applied first to Base Margin Loans and (subject to Section 2-10(e)) only then to Libor LIBOR Loans.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunglass Hut International Inc)
PAYMENT OF THE LOAN ACCOUNT. (a) The Borrowers Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination DateDate by transferring funds to the Concentration Account (notice of which transfer shall be given by the Borrower to the Agent). Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such Such payments shall be applied first to Base Margin Loans and only then to Libor Loans.
Appears in 1 contract
Samples: Loan and Security Agreement (Factory Card Outlet Corp)
