Revolving Loans and Term Loan. The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loan in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan, unless otherwise directed by the Borrower, shall be applied to the remaining principal amortization payments in direct order of maturity. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.
Revolving Loans and Term Loan. The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loan in whole or in part without premium or penalty; provided
Revolving Loans and Term Loan. The applicable Borrower may, upon notice from PRA to the applicable Agent, at any time or from time to time voluntarily prepay
Revolving Loans and Term Loan. 40 2.02........... Borrowings, Conversions and Continuations of Loans....................................................................................... 41
Revolving Loans and Term Loan. (a) Revolving Loans. Subject to the terms and conditions hereof (including Section 2.13), during the Revolving Commitment Period, each Lender severally, but not jointly, agrees to make Revolving Loans to the Borrower in an aggregate principal amount at any one time outstanding up to, but not exceeding, the amount of such Lender's Revolving Commitment. The Revolving Loans may consist of Base Rate Loans, Libor Rate Loans, or a combination thereof, as the Borrower may request. Subject to the terms and conditions of this Agreement, during the Revolving Commitment Period, the Borrower may borrow, repay and reborrow Revolving Loans hereunder.
Revolving Loans and Term Loan. The Loans may be prepaid, in whole or in part without premium or penalty, upon notice from the applicable Borrower; provided that (A) such notice must be received not later than 11:00 a.m. by the Domestic Administrative Agent, with respect to any Domestic Revolving Loans or the Term Loan, and not later than 11:00 a.m. (Toronto time) by the Canadian Administrative Agent, with respect to Canadian Revolving Loans, (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans denominated in U.S. Dollars or Canadian Dollars, (2) on the date of prepayment of Base Rate Loans that are Domestic Revolving Loans or part of the Term Loan and (3)(x) one Business Day prior to any date of prepayment of Base Rate Loans that are Canadian Revolving Loans denominated in U.S. Dollars and (y) on the date of prepayment of Base Rate Loans that are Canadian Revolving Loans denominated in Canadian Dollars; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of (1) with respect to Domestic Revolving Loans, the Term Loan and Canadian Revolving Loans denominated in U.S. Dollars, US$5,000,000 or a whole multiple of US$1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding) and (2) with respect to Canadian Revolving Loans denominated in Canadian Dollars, CAN$5,000,000 or a whole multiple of CAN$1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of (1) with respect to Domestic Revolving Loans, the Term Loan and Canadian Revolving Loans denominated in U.S. Dollars, US$500,000 or a whole multiple of US$250,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding) and (2) with respect to Canadian Revolving Loans denominated in Canadian Dollars, CAN$1,000,000 or a whole multiple of CAN$500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied ratably to the remaining principal amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The applicable Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment...
Revolving Loans and Term Loan. The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loan in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans, and (B) on the date of prepayment of Base Rate Loans; (ii) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iii) any such prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Pro Rata Shares.
Revolving Loans and Term Loan. (A) Borrower may, upon notice from Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loan in whole or in part without premium or penalty; provided that (1) such notice must be received by the Administrative Agent not later than 11:00 a.m. (aa) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (bb) on the date of prepayment of Base Rate Loans; (2) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (3) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (4) any prepayment of the Term Loan shall be applied to the remaining principal amortization payments in inverse order of maturity.
Revolving Loans and Term Loan. The Lender shall make such revolving loans and advances requested as part of the revolving facilities hereunder (the “Revolving Loans”) and the term loan advance requested under the Term Loan Facility (the “Term Loan”) to or for the account of the Borrowers as any of the Borrowers shall from time to time request, in accordance with the terms hereof. Subject to the provisions hereof requiring earlier repayment, all Revolving Loans and the Term Loan shall be repaid in full upon the earlier to occur of: (i) the end of the term of this Agreement as determined and set forth in subsection 10(a) hereof; (ii) the termination of this Agreement and/or the cancellation and termination of the Revolving Credit Commitment set forth in subsection 10(b) hereof; and (iii) their acceleration pursuant to section 15 of this Agreement. If at any time the Equivalent Amount in Canadian Dollars of the outstanding aggregate principal balance of the Revolving Loans or the outstanding aggregate principal balance of the Term Loan made to the Borrowers exceeds any limit expressed herein, (whether or not such excess results from any change in exchange rates between U.S. Dollars and Canadian Dollars), the Borrowers shall immediately, and without the necessity of a demand by the Lender, pay to the Lender (or cause to be paid to the Lender) such amount as may be necessary to eliminate such excess, and the Lender shall apply any such payments received by the Lender against the outstanding principal balance of the Revolving Loans or the Term Loan as it may determine in its discretion in order to eliminate such excess. In particular, if at any time the sum of the L/C Liabilities and the outstanding principal balance of the Loans and in the case of Revolving Loans expressed as the Equivalent Amount in Canadian Dollars thereof, exceeds the Aggregate Commitment or the amount of Revolving Loans, expressed as the Equivalent Amount in Canadian Dollars thereof, exceeds the amount of the Borrowing Base, the Borrowers shall immediately pay to the Lender such amount as may be necessary to eliminate such excess, and the Lender shall apply such payment in such order as the Lender shall determine in its discretion in order to eliminate such excess. The Borrowers hereby authorize the Lender to charge any of the Borrowers’ accounts to make any payments, whether of principal, interest or otherwise, required by this Agreement. For certainty, any reduction pursuant to this subsection 2(a) in order to eliminat...
Revolving Loans and Term Loan
