Common use of Voluntary Prepayments of Borrowings Clause in Contracts

Voluntary Prepayments of Borrowings. (a) Borrower may, at its option, prepay Borrowings consisting of ABR Advances at any time in whole, or from time to time in part, in amounts aggregating $5,000,000 or any greater integral multiple of $1,000,000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment. Those Borrowings consisting of Eurodollar Advances may be prepaid, at Borrower’s option, in whole, or from time to time in part, in aggregating $5,000,000 or any greater integral multiple of $1,000,000, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, provided however, prepayment of Eurodollar Advances may only be made on the last day of an Interest Period applicable thereto.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement (Brown & Brown Inc)

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Voluntary Prepayments of Borrowings. (a) Borrower may, at its option, prepay Borrowings consisting of ABR Base Rate Advances at any time in whole, or from time to time in part, in amounts aggregating $5,000,000 or any greater integral multiple of $1,000,000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment. Those Borrowings consisting of Eurodollar Advances may be prepaid, at Borrower’s option, in whole, or from time to time in part, in aggregating $5,000,000 or any greater integral multiple of $1,000,000, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, provided however, prepayment of Eurodollar Advances may only be made on the last day of an Interest Period applicable thereto.. Each such optional prepayment shall be applied in accordance with Section 4.6

Appears in 1 contract

Samples: Revolving and Term Loan Agreement (Brown & Brown Inc)

Voluntary Prepayments of Borrowings. (a) Borrower may, at its option, prepay Borrowings consisting of ABR Base Rate Advances at any time in whole, or from time to time in part, in amounts aggregating $5,000,000 100,000 or any greater integral multiple of $1,000,00050,000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment. Those Borrowings consisting of Eurodollar Advances may be prepaid, at Borrower’s 's option, in whole, or from time to time in part, in aggregating $5,000,000 1,000,000 or any greater integral multiple of $1,000,000500,000, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, provided however, prepayment of Eurodollar Advances may only be made on the last day of an Interest Period applicable thereto.. Each such optional prepayment shall be applied in accordance with Section 4.6

Appears in 1 contract

Samples: Revolving and Term Loan Agreement (Brown & Brown Inc)

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Voluntary Prepayments of Borrowings. (a1) Borrower may, at its option, prepay Borrowings consisting of ABR Base Rate Advances at any time in whole, or from time to time in part, in amounts aggregating $5,000,000 2,500,000 or any greater integral multiple of $1,000,000500,000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment. Those Borrowings consisting of Eurodollar Advances may be prepaid, at Borrower’s 's option, in whole, or from time to time in part, in amounts aggregating $5,000,000 or any greater integral multiple of $1,000,000, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, provided however, prepayment of Eurodollar Advances may only be made on the last day of an Interest Period applicable thereto.and all compensation payments pursuant to

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

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