Common use of Prepayments Generally Clause in Contracts

Prepayments Generally. Whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Agent setting forth the following information: (a) The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (c) The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (c) of this Section 2.06; and (d) The principal amounts selected in accordance with Section 2.04(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Short Term Credit Agreement (Curtiss Wright Corp)

Prepayments Generally. Whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Agent setting forth the following information: (ai) The currency, which shall be either US Currency or an Other Currency, in which Whether such prepayment is to be madeapplied to the Revolving Credit Loans or the Term Loans; (bii) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (ciii) The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (ca)(iv) of this Section 2.062.08; and (div) The principal amounts selected in accordance with Section 2.04(d2.06(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Credit Agreement (Steel Dynamics Inc)

Prepayments Generally. Whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Agent setting forth the following information: (a) The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (c) The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (c) of this Section 2.06; and (d) The principal amounts selected in accordance with Section 2.04(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate OptionPortion, the CD Rate Portion and the Euro-Rate Portion, as the case may be, to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Credit Agreement (Curtiss Wright Corp)

Prepayments Generally. Whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Agent setting forth the following information: (ai) The currency, which shall be either US Currency or an Other Currency, in which Whether such prepayment is to be madeapplied to the Tranche 1 Loans, the Tranche 2 Loans or the Tranche 3 Loans; (bii) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (ciii) The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (ca)(iv) of this Section 2.062.08; and (div) The principal amounts selected in accordance with Section 2.04(d2.06(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Credit Agreement (Steel Dynamics Inc)

Prepayments Generally. Whenever the a Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (a) The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The the date, which shall be a Business Day, on which the proposed prepayment is to be made; ; (b) subject to Section 2A.9, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) The the total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (cd) of this Section 2.06; and 2A.5 and (d) The the principal amounts selected in accordance with Section 2.04(d2A.3(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Credit Agreement (Alleghany Corp /De)

Prepayments Generally. Whenever the a Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (a) The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The the date, which shall be a Business Day, on which the proposed prepayment is to be made; ; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) The the total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (cd) of this Section 2.06; and 3.05 and (d) The the principal amounts selected in accordance with Section 2.04(d3.03(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Credit Agreement (Alleghany Corp /De)

Prepayments Generally. Whenever the a Borrower desires or is required to prepay any part of its Loans, it XL Capital shall provide Standard Notice to the Administrative Agent setting forth the following information (and the Agent shall promptly advise the Banks of such information:): (a) The currency, which shall be either US Currency or an Other Currency, in which Whether such prepayment is to be madeapplied to the Loans outstanding to XL Insurance, XL Capital or XL Mid Ocean; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (c) The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (cd) of this Section 2.06; and (d) The principal amounts selected in accordance with Section 2.04(d) hereof of the Alternate Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Alternate Base Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Short Term Revolving Credit Agreement (Xl Capital LTD)

Prepayments Generally. Whenever the a Borrower desires or is required to prepay any part of its Revolving Credit Loans, it shall provide Standard Notice to the Agent setting forth the following information: : (a) The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The the date, which shall be a Business Day, on which the proposed prepayment is to be made; ; (b) subject to Section 2.09, the currency, which shall be either US Currency or any Other Currency, in which such proposed prepayment is to be made, (c) The the total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (cd) of this Section 2.06; and 2.05 and (d) The the principal amounts selected in accordance with Section 2.04(d2.03(d) hereof of the Base Prime Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Prime Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Revolving Credit Agreement (Sylvan Inc)

Prepayments Generally. Whenever Subject to Section 2.8 hereof with --------------------- respect to mandatory prepayments, whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Agent setting forth the following information: (a) The currency, which shall be either US Currency or an Other Currency, in which That such prepayment is to be madeapplied to the Revolving Credit Loans; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (c) The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (cd) of this Section 2.062.6; and (d) The principal amounts selected in accordance with Section 2.04(d2.4(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment part of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Sources: Credit Agreement (Korn Ferry International)