Common use of Prepayment of Loans Clause in Contracts

Prepayment of Loans. (a) Any Borrower, or the Company on behalf of any Borrower, shall have the right at any time and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided that, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 23 contracts

Samples: Credit Agreement (Automatic Data Processing Inc), Credit Agreement (Automatic Data Processing Inc), Credit Agreement (Automatic Data Processing Inc)

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Prepayment of Loans. (a) Any Borrower, or the Company on behalf of any Borrower, shall have the right at any time and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided provided, that, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 5 contracts

Samples: Day Credit Agreement (Automatic Data Processing Inc), Day Credit Agreement (Automatic Data Processing Inc), Credit Agreement (Automatic Data Processing Inc)

Prepayment of Loans. (a) Any Borrower, or the Company on behalf of any Borrower, shall have the right at any time and from time to time to prepay any Borrowing and amounts owed in respect of outstanding B/As of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided that, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 4 contracts

Samples: Amendment Agreement (Automatic Data Processing Inc), Credit Agreement (Automatic Data Processing Inc), Year Credit Agreement (Automatic Data Processing Inc)

Prepayment of Loans. (a) Any Borrower, or the Company on behalf of any Borrower, The Borrower shall have the right at any time and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) the requirements of this Section; provided that, unless that the applicable Borrowers and Lenders Borrower shall not have otherwise agreed at the time such Loans were made, right to prepay any Competitive Loans or Contract Loans may be prepaid only with Loan without the prior consent of the Lenders making Lender that made such LoansLoan.

Appears in 3 contracts

Samples: Credit Agreement (Broadridge Financial Solutions, Inc.), Credit Agreement (Broadridge Financial Solutions, Inc.), Credit Agreement (Broadridge Financial Solutions, Inc.)

Prepayment of Loans. (a) Any Borrower, or the Company on behalf of any Borrower, Borrower shall have the right at any time and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided thatprovided, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, that Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Edwards Lifesciences Corp), Five Year Credit Agreement (Edwards Lifesciences Corp)

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Prepayment of Loans. (a) Any Borrower, or the Company on behalf of any Borrower, shall have the right at any time and from time to time to prepay any Borrowing and amounts owed in respect of outstanding B/As of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided provided, that, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 2 contracts

Samples: Credit Agreement (Automatic Data Processing Inc), Credit Agreement (Automatic Data Processing Inc)

Prepayment of Loans. (a) Any xii)Any Borrower, or the Company on behalf of any Borrower, shall have the right at any time and from time to time to prepay any Borrowing and amounts owed in respect of outstanding B/As of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided provided, that, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 1 contract

Samples: Credit Agreement (Automatic Data Processing Inc)

Prepayment of Loans. (a) Any Borrower, or the The Company on behalf of any Borrower, shall have the right at any time and from time to time to prepay any Borrowing of such Borrower in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section; provided thatprovided, unless the applicable Borrowers and Lenders shall have otherwise agreed at the time such Loans were made, that Competitive Loans or Contract Loans may be prepaid only with the consent of the Lenders making such Loans.

Appears in 1 contract

Samples: Edwards Lifesciences Corp

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