Common use of US Loans Clause in Contracts

US Loans. US Borrower may, upon three Business Days’ notice, as to Eurodollar Loans, or same Business Day’s notice, as to Base Rate Loans, to Administrative Agent (and Administrative Agent will promptly give notice to the other US Lenders) from time to time and without premium or penalty (other than any amounts due under Section 3.6 hereof with respect to prepayments of any Eurodollar Loans) prepay the US Loans, in whole or in part, so long as the aggregate amounts of all partial prepayments of principal on (i) Eurodollar Loans equals $2,500,000 or any higher integral multiple of $250,000, and (ii) Base Rate Loans equals $250,000 or any higher integral multiple of $50,000. Upon receipt of any such notice, Administrative Agent shall give each US Lender prompt notice of the terms thereof.

Appears in 2 contracts

Sources: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

US Loans. US Borrower may, upon three Business Days' notice, as to Eurodollar Loans, or same Business Day’s 's notice, as to Base Rate Loans, to Administrative Agent (and Administrative Agent will promptly give notice to the other US Lenders) from time to time and without premium or penalty (other than any amounts due under Section 3.6 hereof with respect to prepayments of any Eurodollar Loans) prepay the US Loans, in whole or in part, so long as the aggregate amounts of all partial prepayments of principal on (i) Eurodollar Loans equals $2,500,000 or any higher integral multiple of $250,000, and (ii) Base Rate Loans equals $250,000 or any higher integral multiple of $50,000. Upon receipt of any such notice, Administrative Agent shall give each US Lender prompt notice of the terms thereof.

Appears in 1 contract

Sources: Credit Agreement (Plains All American Pipeline Lp)