Common use of Voluntary Repayments Clause in Contracts

Voluntary Repayments. Revolving Loans may be repaid in whole or in part without premium or penalty; provided that (i) LIBOR Rate Loans may be repaid only upon three (3) Business Days’ prior written notice to the Administrative Agent, and Alternate Base Rate Loans may be repaid only upon at least one (1) Business Day’s prior written notice to the Administrative Agent, (ii) repayments of LIBOR Rate Loans must be accompanied by payment of any amounts owing under Section 3.12, and (iii) partial repayments shall be in minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Dycom Industries Inc), Credit Agreement (Dycom Industries Inc)

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Voluntary Repayments. Revolving Loans may be repaid in whole or in part without premium or penalty; provided PROVIDED that (i) LIBOR Rate Loans may be repaid only upon three (3) Business Days' prior written notice to the Administrative Agent, and Alternate Base Rate Loans may be repaid only upon at least one (1) Business Day’s 's prior written notice to the Administrative Agent, (ii) repayments of LIBOR Rate Loans must be accompanied by payment of any amounts owing under Section 3.12, and (iii) partial repayments shall be in minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Dycom Industries Inc)

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Voluntary Repayments. Revolving Loans may be repaid in whole or in part without premium or penalty; provided that (i) LIBOR Rate Loans may be repaid only upon three (3) Business Days' prior written notice to the Administrative Agent, and Alternate Base Rate Loans may be repaid only upon at least one (1) Business Day’s 's prior written notice to the Administrative Agent, (ii) repayments of LIBOR Rate Loans must be accompanied by payment of any amounts owing under Section 3.12, and (iii) partial repayments shall be in minimum principal amount of $5,000,000, and in integral multiples of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Dycom Industries Inc)

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