Common use of Prepayments and Reductions Clause in Contracts

Prepayments and Reductions. (1) Subject to giving notice required by Section 5.3, the Borrower may from time to time repay Advances outstanding under the Credit without premium or penalty, except that Banker’s Acceptances and BA Equivalent Loans may not be paid prior to their respective maturity dates.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement, Assignment Agreement (Waste Management Inc)

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Prepayments and Reductions. (1) Subject to giving notice required by Section 5.3, the Borrower may from time to time repay Advances outstanding under the Credit without premium or penalty, except that BankerXxxxxx’s Acceptances and BA Equivalent Loans may not be paid prior to their respective maturity dates.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement

Prepayments and Reductions. (1) Subject to giving notice required by Section 5.36.4, the Borrower may from time to time repay Advances outstanding under the Credit Facility without premium or penalty, except that Banker’s Acceptances and BA Equivalent Loans may not be paid prior to their respective maturity dates, but may be cash collateralized.

Appears in 1 contract

Samples: Credit Agreement (PHH Corp)

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Prepayments and Reductions. (1) Subject to giving notice required by Section 5.3, the Borrower may from time to time repay Advances outstanding under the a Credit without premium or penalty, except that (a) Banker’s Acceptances and BA Equivalent Loans may not be paid prior to their respective maturity dates., and (b) LIBOR Advances may not be paid prior to the end of the applicable LIBOR Period unless the Borrower indemnifies the Lenders for any loss or expense that the Lenders incur as a result, including any breakage costs. CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Canwest Mediaworks Inc)

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