Revolving Loans and Term Loans Sample Clauses

Revolving Loans and Term Loans. The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans or Term Loans of any Class in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than 1:00 p.m. (1) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars, (2) four Business Days (or five Business Days in the case of a Special Notice Currency) prior to any date of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies and (3) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (D) any prepayment of the Term Loans shall be in such proportions as the Borrower shall elect and each such prepayment shall be applied as directed by the Borrower and, absent such direction, shall be applied in direct order of maturity to the remaining principal amortization payments of the applicable Term Loan; and (E) any such notice may be conditioned on the effectiveness of other financing arrangements or one or more other transactions. Each such notice shall specify the date and amount of such prepayment and the Class and Type(s) of Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, subject to the occurrence of any condition(s) specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Class of Loans being prepaid of the applicable Lenders in accordance with th...
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Revolving Loans and Term Loans. The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, a Class of Loans on the Termination Date for such Class of Loans.
Revolving Loans and Term Loans. Subject to and upon the terms and conditions of this Agreement, during the Revolving Loan Period, Alliance agrees to make one or more Advances (hereinafter called, individually, a “Revolving Loan” and, collectively, the “Revolving Loans”) to Borrower in an aggregate principal amount at any one time outstanding up to but not exceeding the Committed Sum. Within the limit of the Committed Sum in effect from time to time, during the Revolving Loan Period, Borrower may borrow, repay, and re-borrow at any time in whole or in part (subject to Section 2.4(c)) without penalty and from time to time from the Closing Date to the expiration of the Revolving Loan Period. If, by virtue of payments made on the Promissory Note during the Revolving Loan Period, the principal amount owed on the Promissory Note during its term reaches zero at any point, Borrower agrees that all of the Collateral and all of the Loan Documents shall remain in full force and effect to secure any Advances made thereafter, and Alliance shall be fully entitled to rely on all of the Collateral and all of the Loan Documents unless an appropriate release of all or any part of the Collateral or all or any part of the Loan Documents has been executed by Alliance. The Principal Balance may not exceed the Committed Sum at any time. Upon the expiration of the Revolving Loan Period, and provided that no Event of Default has occurred and is continuing, the Revolving Loans shall, without any further action by Alliance or Borrower, convert to a term loan (the “Term Loan”) in accordance with the terms of the Promissory Note.
Revolving Loans and Term Loans. The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and/or the Term Loan in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a CHAR1\1030852v8 principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding) and (D) any prepayment of the Term Loan shall be applied to the remaining principal amortization payments thereof in the inverse order of maturity.
Revolving Loans and Term Loans. (A) The Borrower or the Loan Party Representative may upon notice to the Administrative Agent, at any time or from time to time, voluntarily prepay Revolving Loans or any Tranche of the Term Loans in whole or in part without premium or penalty (except as provided in Subsection (C) of this Section 2.05(a)(i) and Section 3.05); provided that (1) such notice must be received by the Administrative Agent not later than 11:00 a.m. (x) three Business Days prior to any date of prepayment of Eurodollar Rate Loans or RTFC Fixed Rate Loans and (y) on the date of prepayment of Base Rate Loans or RTFC Variable Rate Loans, (2) any prepayment of Eurodollar Rate Loans or RTFC Fixed Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, and (3) any prepayment of Base Rate Loans or RTFC Variable Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment, whether the Loan to be prepaid is a Revolving Loan, a Tranche B Term Loan, a Tranche C Term Loan and/or a Tranche D Term Loan and the Type(s) of Loans to be prepaid and each such notice shall be consistent with the other requirements of this Section 2.05(a)(i).
Revolving Loans and Term Loans. (a) Revolving A Loans. Subject to the terms and conditions set forth herein, each Revolving A Lender severally agrees to make loans (each such loan, a “Revolving A Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving A Commitment; provided, however, that after giving effect to any Borrowing of Revolving A Loans, (i) the Total Revolving A Outstandings shall not exceed the Aggregate Revolving A Commitments and (ii) the Revolving A Credit Exposure of any Lender shall not exceed such Lender’s Revolving A Commitment. Within the limits of each Lender’s Revolving A Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving A Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, except that all Revolving A Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.
Revolving Loans and Term Loans. 54 2.02 Borrowings, Conversions and Continuations of Loans. ................................................... 57 2.03
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Revolving Loans and Term Loans. (a) Revolving A-2 Loans. Subject to the terms and conditions set forth herein, each Revolving A-2 Lender severally agrees to make loans (each such loan, a “Revolving A-2 Loan”) to the applicable Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of such Xxxxxx’s Revolving A-2 Commitment; provided, however, that after giving effect to any Borrowing of Revolving A-2 Loans, (i) the Total Revolving A-2 Outstandings shall not exceed the Aggregate Revolving A-2 Commitments and (ii) the Revolving A-2 Credit Exposure of any Lender shall not exceed such Xxxxxx’s Revolving A-2
Revolving Loans and Term Loans. 2 Section 2.01 Revolving Loans............................................................................2 Section 2.02
Revolving Loans and Term Loans. At the request of Administrative Borrower to Agent, subject to the notice and other provisions of this Section 2.7, the Banks shall convert a Base Rate Loan to one or more LIBOR Loans at any time and shall convert a LIBOR Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto.
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