Common use of Optional Repayments Clause in Contracts

Optional Repayments. The Borrower may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three (3) Business Days irrevocable notice to the Administrative Agent with respect to Offshore Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans, in the form attached hereto as EXHIBIT D (a "NOTICE OF PREPAYMENT") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Wausau Mosinee Paper Mills Corp), Credit Agreement (Wausau Mosinee Paper Mills Corp)

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Optional Repayments. The Borrower Borrowers may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to itLoans, in whole or in part, upon at least three (3) Business Days Days' irrevocable notice to the Administrative Agent with respect to Offshore LIBOR Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans and Swingline Loans, in the form attached hereto as EXHIBIT D (a "NOTICE OF PREPAYMENT") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combinationcombination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect Loans. Each such repayment shall be accompanied by any amount required to Offshore Rate Loansbe paid pursuant to SECTION 5.9.

Appears in 1 contract

Samples: Credit Agreement (Condor Technology Solutions Inc)

Optional Repayments. The Each Borrower may at any time and from ------------------- time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three two (32) Business Days irrevocable notice by the Company to the Administrative Agent with respect to Offshore Rate Loans and one (1) prior irrevocable notice on the same Business Day irrevocable notice as the date of prepayment with respect to Base Rate Loans, in the form attached hereto as EXHIBIT Exhibit D (a --------- "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment; whether the --------------------- repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Multi-Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 500,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Optional Repayments. The Borrower may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three (3) Business Days irrevocable notice to the Administrative Agent with respect to Offshore Rate Loans and upon one (1) Business Day irrevocable notice with respect to Base Rate Loans, in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Three Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Pittston Co)

Optional Repayments. The Each Borrower may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three two (32) Business Days irrevocable notice by the Company to the Administrative Agent with respect to Offshore Rate Loans and one (1) prior irrevocable notice on the same Business Day irrevocable notice as the date of prepayment with respect to Base Rate Loans, in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENT"“Notice of Prepayment”) specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 500,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans or Base Rate Loans and $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Optional Repayments. The Borrower Borrowers may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to itLoans, in whole or in part, upon at least three (3) Business Days Days' irrevocable notice to the Administrative Agent with respect to Offshore LIBOR Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans and Swingline Loans, substantially in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENTNotice of Repayment") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combinationcombination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender, except with respect to any repayment of Swingline Loans. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore LIBOR Rate Loans and $100,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Prepayment received after 11:00 a.m. shall be deemed received on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Belk Inc)

Optional Repayments. The Borrower may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three (3) Business Days irrevocable notice to the Administrative Agent with respect to Offshore Rate Loans and upon one (1) Business Day irrevocable notice with respect to Alternate Base Rate Loans, in the form attached hereto as EXHIBIT D Exhibit C (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment; repayment and whether the repayment is of Revolving A Credit Loans or Swingline and/or Revolving B Credit Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Loans and/or Alternate Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Revolving A Lender or Revolving B Lender, as applicable. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Alternate Base Rate Loans, $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Pittston Co)

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Optional Repayments. The Each Borrower may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three (3) Business Days irrevocable notice to the Administrative Agent with respect to Offshore Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans, in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof with respect to Base Rate Loans, $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Miller Herman Inc)

Optional Repayments. The Borrower may at any time and from time to time repay the Revolving Credit Loans or and Swingline Loans made to itLoans, in whole or in part, upon at least three (3) Business Days Days' irrevocable notice to the Administrative Agent with respect to Offshore LIBOR Rate Loans and one (1) Business Day Day's irrevocable notice with respect to Base Rate Loans and Swingline Loans, substantially in the form attached hereto as EXHIBIT D (a "NOTICE OF PREPAYMENT") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereof, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combinationcombination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each LenderLender by telecopier (or by telephone promptly confirmed by telecopier). If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 2,500,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans and Loans), $5,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof with respect to Offshore LIBOR Rate Loans and $50,000 or a whole multiple of $50,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by an amount required to be paid pursuant to Section 5.11 hereof.

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Optional Repayments. The Borrower may at any time and from time to time repay the Revolving Credit Loans or Swingline Loans made to it, in whole or in part, upon at least three (3) Business Days irrevocable notice to the Administrative Agent with respect to Offshore Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans, in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment; whether the repayment is of Revolving Credit Loans or Swingline Loans and whether such loans were made under the 364 Day Facility or the Five Year Facility, or a combination thereofLoans, and, if a combination, the amount allocable to each; and whether the repayment is of Offshore Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans, $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Offshore Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

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