Payments of Advances; Reduction of Commitment Amount Sample Clauses

Payments of Advances; Reduction of Commitment Amount. (a) At any time prior to the occurrence of an Event of Default, Borrower may by notice from AMRESCO to Agent prior to 10:00 a.m. (Dallas, Texas time) on the date on which prepayment under this Section 3.6 is to be made, voluntarily prepay amounts outstanding under the Revolving Credit Facility from time to time and at any time, in whole or in part, without premium or penalty; provided, that (i) each such partial payment must be in a minimum amount of at least One Million and No/100 Dollars ($1,000,000.00) (or, as to prepayment of portions thereof which are Alternate Currency Advances, the Dollar Equivalent thereof), and (ii) Borrower shall pay any related Consequential Losses or Alternate Currency Losses within ten days after Agent's demand therefor. Each such optional prepayment shall be applied to the Revolving Credit Facility ratably in accordance with Section 3.9 to pay the amounts owed to each Revolving Lender thereunder. At any time subsequent to the Revolving Facility Termination Date or the termination of the Revolving Credit Facility, but prior to the occurrence of an Event of Default, Borrower may by notice from AMRESCO to Agent prior to 10:00 a.m. (Dallas, Texas time) on the date on which prepayment under this Section 3.6 is to be made, voluntarily prepay amounts outstanding under the Term Facility from time to time and at any time, in whole or in part, without premium or penalty; provided, that Borrower shall pay any related Consequential Losses within ten days after Agent's demand therefor. Each such optional prepayment shall be applied to the Term Facility ratably in accordance with Section 3.9 to pay the amounts owed to each Term Lender thereunder. Borrower shall not be entitled to prepay any Competitive Bid Note unless Borrower simultaneously with such payment pays any Consequential Loss resulting from such prepayment.
Sample 1
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Payments of Advances; Reduction of Commitment Amount. (a) At any time prior to the occurrence of an Event of Default, Borrowers may by notice from AMRESCO to Agent prior to 10:00 a.m. (Dallas, Texas time) on the date on which prepayment under this Section 3.6 is to be made, voluntarily prepay amounts outstanding under the Revolving Credit Facility from time to time and at any time, in whole or in part, without premium or penalty; provided, that (i) each such partial payment must be in a minimum amount of at least One Million and No/100 Dollars ($1,000,000.00) (or, as to prepayment of portions thereof which are Alternate Currency Advances, the Dollar Equivalent thereof), and (ii) Borrowers shall pay any related Consequential Losses or Alternate Currency Losses within ten days after Agent's demand therefor.
Sample 1
Payments of Advances; Reduction of Commitment Amount. (a) At any time, Borrowers may by notice from AMRESCO to Agent prior to 10:00 a.m. (Dallas, Texas time) at least one Business Day prior to the date on which prepayment under this Section 3.6 is to be made, voluntarily prepay outstanding Advances from time to time and at any time, in whole or in part, without premium or penalty; provided, that (i) each such partial payment must be in a minimum amount of at least One Million and No/100 Dollars ($1,000,000.00), (ii) Borrowers shall pay any related Consequential Losses within ten days after Agent's demand therefor, and (iii) AMRESCO must notify Agent whether such prepayments are to be applied against the Corporate Facility or the Portfolio Facility. Each such optional prepayment shall be applied ratably in accordance with Section 3.9 to pay the amounts owed to each Lender under the Credit Facilities.
Sample 1
Payments of Advances; Reduction of Commitment Amount. (a) At any time, Borrowers may by notice to Agent, with at least one Business Day prior notice to the date on which prepayment under this Section 3.5 is to be made, voluntarily prepay outstanding Advances from ----------- time to time and at any time, in whole or in part; provided, that each such partial payment must be in a minimum amount of at least One Hundred Thousand and No/100 Dollars ($100,000.00) or any whole multiple of Fifty Thousand and No/100 Dollars ($50,000.00) in excess thereof. Each such optional prepayment shall be applied ratably in accordance with Section 3.8 ----------- to pay the amounts owed to each Lender under the Credit Facility.
Sample 1
Payments of Advances; Reduction of Commitment Amount. (a) At any time, Borrower may by notice to Administrative Agent prior to 10:00 a.m. (Dallas, Texas time) at least three Business Days prior to the date on which prepayment under this Section 3.6 is to be made (such notice to be promptly given by Administrative Agent to Lenders), voluntarily prepay outstanding Advances from time to time and at any time, in whole or in part; provided, that (i) each such partial payment must be in a minimum amount of at least Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00), and (ii) Borrower shall pay any related Consequential Losses within ten days after Administrative Agent's demand therefor. Each such optional prepayment shall be applied ratably in accordance with Section 3.9 to pay the amounts owed to each Lender under the Credit Facility.
Sample 1

Related to Payments of Advances; Reduction of Commitment Amount

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Payments Reductions of Commitments Prepayments 16 2.5. Promise to Pay; Promissory Notes. 26

  • Mandatory Prepayments Commitment Reductions 53 2.13 Application of Prepayments/Reductions............................................................................... 55 2.14 Allocation of Certain Payments and Proceeds......................................................................... 56 2.15

  • Mandatory Prepayments and Commitment Reductions 28 2.11 Conversion and Continuation Options............................... 29 2.12 Minimum Amounts and Maximum Number of Eurodollar Tranches......... 30 2.13 Interest Rates and Payment Dates.................................. 30 2.14 Computation of Interest and Fees.................................. 30 2.15 Inability to Determine Interest Rate.............................. 31 2.16 Pro Rata Treatment and Payments................................... 31 2.17

  • Prepayments of Advances (a) Any Borrower may, upon at least two (2) Business Days’ notice to the Agent stating (i) the proposed date and aggregate principal amount of the prepayment and (ii) the Advances (which shall be part of the same Borrowing) to which such prepayment is to be applied, and if such notice is given such Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal Dollar Amount of not less than $10,000,000 and in an integral Dollar Amount multiple of $1,000,000 in excess thereof and (y) in the case of any such prepayment of a Eurocurrency Rate Advance or a TIBO Rate Advance, such Borrower shall be obligated to reimburse the applicable Banks in respect thereof pursuant to Section 8.04(b).

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

  • Termination or Reduction of Revolving Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.

  • Termination or Reduction of Aggregate Revolving Commitments The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments and (iv) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Commitments. Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.

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