Voluntary Prepayments and Conversions of Loans Sample Clauses

Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) the Borrower shall give the Lender notice of each such prepayment or conversion of all or any portion of a LIBO Rate Loan no less than two Business Days prior to prepayment or conversion, (b) any LIBO Rate Loan may be prepaid or converted only on the last day of an Interest Period for such Loan, (c) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid or converted, and (d) no such prepayment or conversion shall serve to postpone the repayment when due of any Obligation.
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Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans without prepayment penalty and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) the Borrower shall give the Agent notice of each such prepayment or conversion of (i) all or any portion of a LIBO Rate Loan no less than three Business Days prior to prepayment or conversion and (ii) all or any portion of a Base Rate Loan no less than one Business Day prior to prepayment or conversion, (b) any prepayment of any LIBO Rate Loan shall be in an amount of at least equal to $10,000 and a whole multiple of $10,000, (c) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid or converted, (d) no such prepayment or conversion shall serve to postpone the repayment when due of any Obligation or any installments thereof and (e) the Borrower shall reimburse each Lender for any losses, expenses or costs incurred by such Lender pursuant to prepayment or conversion of a Loan, or the failure of the Borrower to make such prepayment or conversion, as provided in Section 2.18. Except as provided in the immediately preceding sentence, any prepayment pursuant to the provisions of this Section 2.12 shall be without premium or penalty and the amount of any such prepayment may be reborrowed if otherwise available to the Borrower pursuant to the terms of this Agreement.
Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrowers shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) the Borrowers shall give the Agent notice of each such conversion of all or any portion of a LIBO Rate Loan no less than three Business Days prior to conversion, (b) any LIBO Rate Loan may be prepaid or converted only on the last day of an Interest Period for such Loan, unless the Borrowers pay, within the time period set forth therefor in Section 2.22(e), the amount, if any, required to be paid under Section 2.22(e), (c) each prepayment, in the case of Base Rate Loans, shall be in an amount not less than $100,000 or incremental amounts of $100,000 in excess thereof or the Loan Balance of such Loans and, in the case of LIBO Rate Loans, shall be in an amount not less than $1,000,000 or incremental amounts of $100,000 in excess thereof or the Loan Balance of such Loans, (d) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid or converted, and (e) no such prepayment or conversion shall serve to postpone the repayment when due of any Obligation.
Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) each prepayment shall be in an amount not less than $100,000 for Alternative Base Rate Loans, (b) the Borrower shall give the Administrative Agent notice of each such prepayment or conversion of all or any portion of a Eurodollar Rate Loan no less than three Business Days prior to prepayment or conversion, (c) any Eurodollar Rate Loan may be prepaid or converted, subject to funding indemnification, but without penalty or premium in a minimum amount of $1,000,000 or any integral multiple thereof; (d) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid or converted, and (e) no such prepayment or conversion shall serve to postpone the repayment when due of any Obligation. Each notice of prepayment shall specify the prepayment date, the type of each Loan being prepaid, the principal amount of each Loan (or portion thereof) to be prepaid and any other amounts to be paid in connection with such prepayment.
Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower and/or the Co-Borrowers shall have the right at any time or from time to time to prepay the Loan without prepayment penalty provided, however, (a) the Borrower and/or the Co-Borrowers shall pay all accrued and unpaid interest on the amounts prepaid, and (b) no such prepayment shall serve to postpone the repayment when due of any Obligations.
Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower and/or the Co-Borrowers shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a
Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) the Borrower shall give the Lender notice of each such prepayment or conversion of all or any portion of a Fixed Rate Loan no less than two Business Days prior to prepayment or conversion, (b) any Fixed Rate Loan may be prepaid or converted only on the last day of an Interest Period for such Loan,
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Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower and/or the Co-Borrowers shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) the Borrower and/or the Co-Borrowers shall give the Agent notice of each such prepayment or conversion of all or any portion of a Fixed Rate Loan no less than two Business Days prior to prepayment or conversion, (b) any Fixed Rate Loan may be prepaid or converted only on the last day of an Interest Period for such Loan, (c) the Borrower and/or the Co-Borrowers shall pay all accrued and unpaid interest on the amounts prepaid or converted, and (d) no such prepayment or conversion shall serve to postpone the repayment when due of any Obligation.
Voluntary Prepayments and Conversions of Loans. (a) Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans and to convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; PROVIDED, HOWEVER, that (i) the Borrower shall give the Administrative Agent notice of each such prepayment or conversion of all or any portion of a LIBO Rate Loan or Canadian LIBO Rate Loan no less than three (3) Business Days prior to prepayment or conversion, (ii) any LIBO Rate Loan or Canadian LIBO Rate Loan may be prepaid or converted only on the last day of an Interest Period for such Loan, (iii) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid or converted, and (iv) no such prepayment or conversion shall serve to postpone the repayment when due of any Obligation.
Voluntary Prepayments and Conversions of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans and to Convert Loans of one type or with one Interest Period into Loans of another type or with a different Interest Period; provided, however, that (a) the Borrower shall give the Lender notice of each such prepayment or Conversion of all or any portion of a Eurodollar Rate Loan no less than three(3) Business Days prior to prepayment or Conversion, (b) any Eurodollar Rate Loan may be prepaid or Converted only on the last day of an Interest Period for such Loan, (c) the Borrower shall
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