Common use of Voluntary Prepayments of Borrowings Clause in Contracts

Voluntary Prepayments of Borrowings. (a) Intermet may, at its option, prepay Borrowings consisting of Base Rate Advances, Bid Rate Advances and Overnight Rate Advances at any time in whole, or from time to time in part, in amounts aggregating $100,000 or any greater integral multiple of $100,000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment, together with, in the case of Bid Rate Advances, all compensation payments pursuant to Section 3.12 if such prepayment is made on a date other than the last day of the Interest Period applicable thereto. Those Borrowings consisting of Eurodollar Advances may be prepaid, at Intermet's option, in whole, or from time to time in part, in amounts aggregating $1,000,000 or any greater integral multiple of $100,000, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, and all compensation payments pursuant to Section 3.12 if such prepayment is made on a date other than the last day of an Interest Period applicable thereto. Each such optional prepayment shall be applied in accordance with Section 3.06(c) below.

Appears in 2 contracts

Samples: Subsidiary Guaranty Agreement (Intermet Corp), Credit Agreement (I M Acquisition Corp)

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Voluntary Prepayments of Borrowings. (a) Intermet may, at its option, prepay Borrowings consisting of Base Rate Advances, Bid Rate Advances and Overnight Rate Advances at any time in whole, or from time to time in part, in amounts aggregating $100,000 250,000 or any greater integral multiple of $100,0001,000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment, together with, in the case of Bid Rate Advances, all compensation payments pursuant to Section 3.12 if such prepayment is made on a date other ------------ than the last day of the Interest Period applicable thereto. Those Borrowings consisting of Eurodollar Advances may be prepaid, at Intermet's option, in whole, or from time to time in part, in amounts aggregating $1,000,000 or any greater integral multiple of $100,000, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, and all compensation payments pursuant to Section 3.12 if such ------------ prepayment is made on a date other than the last day of an Interest Period applicable thereto. Each such optional prepayment shall be applied in accordance with Section ------- 3.06(c) below.. -------

Appears in 1 contract

Samples: Credit Agreement (Intermet Corp)

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Voluntary Prepayments of Borrowings. (a) Intermet The Borrower may, at its option, prepay Borrowings consisting of Base Rate Advances, Bid and Transaction Rate Advances and Overnight (to the extent not outstanding as Fixed Rate Advances Advances), at any time in whole, or from time to time in part, in amounts aggregating $100,000 250,000 or any greater integral multiple of $100,0001000, by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment, together with, in the case of Bid Rate Advances, all compensation payments pursuant to Section 3.12 if such prepayment is made on a date other than the last day of the Interest Period applicable thereto. Those Borrowings consisting of Eurodollar Advances may be prepaid, at IntermetBorrower's option, in whole, or from time to time in part, in amounts aggregating $1,000,000 or any greater 500,000 and in integral multiple multiples of $100,000, and those Borrowings consisting of other types of Fixed Rate Advances may be prepaid, at Borrower's option, in whole, or from time to time in part, in amount aggregating and in integral multiples equal to the minimum borrowing amount for such Advances, by paying the principal amount to be prepaid, together with interest accrued and unpaid thereon to the date of prepayment, and all compensation payments pursuant to Section 3.12 if such prepayment is made on a date other than the last day of an Interest Period applicable thereto. Each such optional prepayment shall be applied in accordance with Section 3.06(c) below.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Vari Lite International Inc)

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