Prepayments of Loans. Subject to Section 2.11, the Borrower may (i) upon at least one Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Appears in 6 contracts
Samples: Credit and Revolving Credit Agreement (PPL Energy Supply LLC), Credit Agreement (PPL Energy Supply LLC), Credit and Reimbursement Agreement (PPL Energy Supply LLC)
Prepayments of Loans. Subject to Section 2.11, the The Borrower may (i) upon at least one Business Day’s 's notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days’ ' notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Appears in 6 contracts
Samples: Year Credit Agreement (PPL Electric Utilities Corp), Credit Agreement (PPL Electric Utilities Corp), Day Credit Agreement (PPL Montana LLC)
Prepayments of Loans. Subject to Section 2.11, the The Borrower may (i) upon at least one -------------------- Business Day’s 's notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days’ ' notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Appears in 3 contracts
Samples: Day Credit Agreement (PPL Corp), Day Credit Agreement (PPL Corp), Credit Agreement (PPL Corp)
Prepayments of Loans. Subject to Section 2.11, the Borrower may (i) upon at least one Business Day’s 's notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days’ ' notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (PPL Electric Utilities Corp), Year Credit Agreement (PPL Electric Utilities Corp)
Prepayments of Loans. Subject to Section 2.11, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (PPL Electric Utilities Corp), Credit Agreement (PPL Energy Supply LLC)
Prepayments of Loans. Subject to Section 2.112.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (PPL Energy Supply LLC), Day Credit Agreement (PPL Energy Supply LLC)
Prepayments of Loans. Subject to Section 2.112.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.. 20 #93052149v11
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