Common use of Prepayments of Revolving Credit Advances Clause in Contracts

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 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Williams Companies Inc), Five Year Credit Agreement (Williams Companies Inc), Year Credit Agreement (Williams Companies Inc)

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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 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR Fixed 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date.

Appears in 3 contracts

Samples: Five Year Credit Agreement (Williams Companies Inc), Year Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)

Prepayments of Revolving Credit Advances. The Any 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 Administrative Agent no later than 11:00 A.M. (New York City time) on the Business Day of the proposed date of such prepayment, the prepayment in the case of Alternate Base Rate Advances or Specified LIBOR and on the third Business Day prior to the proposed date of the prepayment in the case of Eurodollar Rate Advances, to the Agent in each case stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the such Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances owing by such Borrower 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 3 contracts

Samples: Credit Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc), Subsidiary Guarantee Agreement (Rayonier Inc)

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 11:00 A.M. 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR 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 not less than of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 3 contracts

Samples: Day Credit Agreement (Agilent Technologies Inc), Credit Agreement (Agilent Technologies Inc), Credit Agreement (Agilent Technologies Inc)

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 Agent no later than 11:00 A.M. (New York City time) on the proposed date of such prepayment, the prepayment in the case of Base Rate Advances or Specified LIBOR and on the second Business Day prior to the proposed date of the prepayment in the case of Eurodollar Rate Advances, to the Agent in each case 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Rayonier Inc), Day Credit Agreement (Rayonier Inc)

Prepayments of Revolving Credit Advances. The Borrower maymay on any Business Day, upon notice at least two Business Days’ prior given to the date of such prepayment, Agent substantially in the case form of Eurodollar Rate AdvancesExhibit I hereto, and not later than 11:00 A.M. (New York City time), (i) on the date of such prepayment, same day for Base Rate Advances and (ii) on the third Business Day prior to the prepayment in the case of Base Eurodollar Rate Advances or Specified LIBOR Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, 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 not less than of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or the remaining balance, if less than $5,000,000, and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Dte Energy Co), Credit Agreement (DTE Electric Co)

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 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR 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 not less than of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc)

Prepayments of Revolving Credit Advances. The Borrower maymay on any Business Day, upon notice at least two Business Days’ prior given to the date of such prepayment, Agent substantially in the case form of Eurodollar Rate AdvancesExhibit I hereto, and not later than 11:00 A.M. (New York City time), (i) on the date of such prepayment, same day for Base Rate Advances and (ii) on the third U.S. Government Securities Business Day prior to the prepayment in the case of Base Rate Eurodollar RateAdjusted Term SOFR Advances or Specified LIBOR Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, 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 not less than of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or the remaining balance, if less than $5,000,000, and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Ratean Adjusted Term SOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (DTE Electric Co), Credit Agreement (DTE Electric Co)

Prepayments of Revolving Credit Advances. The Borrower maymay on any Business Day, upon notice at least two Business Days’ prior given to the date of such prepayment, Agent substantially in the case form of Eurodollar Rate AdvancesExhibit I hereto, and not later than 11:00 A.M. (New York City time), (i) on the date of such prepayment, same day for Base Rate Advances and (ii) on the third U.S. Government Securities Business Day prior to the prepayment in the case of Base Rate Adjusted Term SOFR Advances or Specified LIBOR Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, 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 not less than of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or the remaining balance, if less than $5,000,000, and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate an Adjusted Term SOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (DTE Electric Co), Credit Agreement (DTE Electric Co)

Prepayments of Revolving Credit Advances. The Any Borrower may, upon notice at least two to the Administrative Agent no later than 11:00 a.m. (New York City time) on the Business Days’ Day of the proposed date of the prepayment in the case of Alternate Base Rate Advances and on the third Business Day prior to the proposed date of such prepayment, the prepayment in the case of Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the each case of Base Rate Advances or Specified LIBOR Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the such Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances owed by such Borrower 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 not less than $5,000,000 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 or a Specified LIBOR Rate Advance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date2.23.

Appears in 2 contracts

Samples: Credit Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc)

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Prepayments of Revolving Credit Advances. The Any Borrower may, upon notice at least two to the Administrative Agent no later than 11:00 a.m. (New York City time) on the Business Days’ Day of the proposed date of the prepayment in the case of Alternate Base Rate Advances and on the third Business Day prior to the proposed date of such prepayment, the prepayment in the case of Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the each case of Base Rate Advances or Specified LIBOR Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the such Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances owed by such Borrower 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date2.23.

Appears in 1 contract

Samples: Credit Agreement (Rayonier Inc)

Prepayments of Revolving Credit Advances. The Except as provided in Sections 5.07 or 5.14, 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 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR Fixed 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

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 Administrative Agent no later than 11:00 A.M. (New York City time) on one Business Day prior to the proposed date of such prepayment, the prepayment in the case of Alternate Base Rate Advances or Specified LIBOR and on the third Business Day prior to the proposed date of the prepayment in the case of Eurodollar Rate Advances, to the Agent in each case 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 owing by the Borrower 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date.of

Appears in 1 contract

Samples: Revolving Credit Agreement (Aquila Inc)

Prepayments of Revolving Credit Advances. The Borrower may, upon notice not later than 1:00 P.M. (New York City time) at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 11:00 A.M. 12:00 Noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR 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 prepayment, in the case of a Borrowing comprised of Eurodollar Rate Advances, shall be in an aggregate principal amount not less than of $5,000,000 or and in the case of a Borrowing comprised of Base Rate Advances, shall be in an aggregate principal amount of $1,000,000 or, in each case, an integral multiple of $1,000,000 in excess thereof, thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Ugi Utilities Inc)

Prepayments of Revolving Credit Advances. The Except as provided in Sections 5.07 or 5.14, 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 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances or Specified LIBOR 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 not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, (y) in the event of any such prepayment of a Eurodollar Rate Advance or a Specified LIBOR Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.03(c) and (z) no prepayment may be made by the Borrower during the 25 days prior to and including the date specified in clause (a) of the definition of Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

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