Prepayment and Repayment. (i) Upon irrevocable prior written notice delivered to the Swing Line Lender prior to 12:00 p.m. (noon) (Eastern time) on the day of payment under this Section, the Borrower may repay a Swing Line Advance. In addition, upon demand of the Swing Line Lender, if such demand is delivered prior to 11:00 a.m. (Eastern time) on a Business Day, the Borrower shall on the following Business Day make a repayment of the Swing Line Loans then outstanding in the amount so requested by the Swing Line Lender; provided, however, that if such demand is delivered to the Borrower at or after 11:00 a.m. (Eastern time) on a Business Day, the Borrower shall on the second Business Day following receipt of such demand make such repayment. In order to facilitate repayment of the Swing Line Loans, the Borrower hereby irrevocably requests the Banks, and the Banks hereby severally agree, on the terms and conditions of this Agreement (other than as provided in Article 2 hereof with respect to the amounts of, the time of requests for, and the repayment of Advances hereunder and in Article 3 hereof with respect to conditions precedent to Advances hereunder), with respect to Swing Line Loans outstanding, upon request of the Swing Line Lender or the Borrower (including without limitation after any Default or Event of Default, but prior to the occurrence of an event described in clauses (g) or (h) of Section 8.1 hereof), to make an Advance to the Borrower in the amount of such outstandings, and to pay the proceeds of such Advance directly to the Administrative Agent to reimburse the Swing Line Lender for the amount of the Swing Line Loans then outstanding. Each Bank shall pay its share of such Advance by paying its portion of such Advance to the Administrative Agent in accordance with Section 2.2(e) hereof and its Commitment Ratio, without reduction for any set-off or counterclaim of any nature whatsoever and regardless of whether any Default or Event of Default (other than with respect to an event described in clauses (g) or (h) of Section 8.1 hereof) then exists or would be caused thereby. If at any time that the Swing Line Loans are outstanding, any of the events described in clauses (g) or (h) of Section 8.1 hereof shall have occurred and be continuing, then each Bank shall, automatically upon the occurrence of any such event and without any action on the part of the Swing Line Lender, the Borrower, the Administrative Agent or the Banks, be deemed to have purchased an undivided particip...
Prepayment and Repayment. (a) Under the Credit Agreement, and subject to the terms thereof, the Loans may be repaid and reborrowed prior to the Maturity Date, and under some circumstances, must be repaid prior to the Maturity Date.
Prepayment and Repayment. The Borrowers may make a prepayment of principal of any Loan accruing interest at the Adjusted Prime Rate at any time without penalty. Prepayment of any amounts of principal of any Loan bearing interest at a fixed rate shall not be permitted unless accompanied by the following prepayment premium equal to the amount, if any, by which the aggregate present value of scheduled principal and interest payments eliminated by the prepayment exceeds the principal amount being prepaid. Said present value shall be calculated by application of a discount rate determined by Bank in its reasonable judgment to be the yield-to-maturity at the time of prepayment on U.S. Treasury securities having a maturity which most closely approximates the final maturity date of the principal balance then outstanding. The determination of the foregoing prepayment premium by the Bank shall be final, binding and conclusive upon the Borrower, except to the extent of any manifest error in computation or transmission. All prepayments of the Loans shall be accompanied by the payment of accrued interest on the amount of such prepayment to the date thereof. Subject to the above prepayment premium, the Borrowers may make payments and prepayments of the Loans in whole or in part at any time and from time to time upon notification to the Bank not later than 10:00 a.m. Philadelphia time one Business Day prior to the date of the proposed prepayment. Each such notice shall set forth (i) the date, which shall be a Business Day, on which the proposed prepayment is to be made; (ii) to which Loan such prepayment is to be applied; and (iii) the total amount of such prepayment which shall be in the amount equal to the lesser of the entire remaining principal balance of the Loan, or $500,000 or a multiple thereof. Such notice, once given to the Bank, shall be irrevocable.
Prepayment and Repayment. (a) The Borrower may, on five Business Days’ prior written notice to the Lender, prepay all or any part of the Loan without penalty or charge.
Prepayment and Repayment. Yamana may from time to time prepay all or any part of the Loans provided that it gives Northern Orion not less than 1 Banking Day’s prior written notice of the payment, the payment is not less than US $10,000,000 and all accrued and unpaid interest on the payment up to and including the date thereof is paid in full. The Loans and all other outstanding amounts owing by Yamana to Northern Orion hereunder shall be repaid in full on the Maturity Date.
Prepayment and Repayment. Borrower shall repay any outstanding ------------------------ principal indebtedness of the Loan in full on the Maturity Date (as defined in the Note) of the Loan, together with all accrued and unpaid interest thereon to (but excluding) the date of repayment and all other amounts due to Lender in connection with the Loan. Other than as required or permitted pursuant hereto in connection with a casualty or condemnation, Borrower shall have no right to prepay all or any portion of Loan.
Prepayment and Repayment. The Borrower may make payments and ------------------------ prepayments of the Loans in whole or in part at any time and from time to time without penalty or premium upon notification to the Lender not later than 1:00 p.m. Malvern, Pennsylvania time on the date of the proposed payment or prepayment.
Prepayment and Repayment. 10 2.06 Interest...................................................10 2.07
Prepayment and Repayment. Notwithstanding the provisions of Section 2.04, the Company may also, at any time or from time to time, without penalty, upon not less than one Business Day's irrevocable notice to the Bank, prepay Loans in whole or in part, in minimum amounts of $1,000,000 or any multiple of $1,000,000 in excess thereof. Such notice of prepayment shall specify the date and amount of such prepayment. Further, in addition to the quarterly repayment required by Section 2.01, the Company shall repay to the Bank on the Termination Date the aggregate principal amount of all Loans outstanding on such date, together with accrued interest and all other fees and amounts due and owing the Bank.
Prepayment and Repayment. On and subject to the payments of the amounts due, if any, under the provisions of Section 2(k) of this Agreement, the Borrowers may repay or prepay the outstanding principal of all or any part of any Revolving Credit Loan, by 10:00 a.m. (Boston time), in the case of a Prime Rate Loan, or upon written notice given by 10:00 a.m. (Boston time) at least three (3) Business Days, in the case of a Libor Rate Loan, prior to the date of such prepayment, of the amount to be prepaid and the date of such prepayment. The Borrowers shall be entitled to reborrow before the Maturity Date such repaid or prepaid amounts, upon the terms and subject to the conditions of this Agreement.
