1Voluntary Prepayments; Commitment Reductions Sample Clauses

1Voluntary Prepayments; Commitment Reductions. 85 SECTION 3.1.2Mandatory Repayments and Prepayments 85 SECTION 3.1.3Application of Payments 88 SECTION 3.2Interest Provisions 90 SECTION 3.2.1Interest Rates 90 SECTION 3.2.2Post-Default Rates 90 SECTION 3.2.3Interest Payment Dates 90 SECTION 3.2.4Cost of Funds True Up 91 SECTION 3.3Revolver Commitment Fee 91 SECTION 3.4Multi-Draw Term Loan Commitment Fee 92 SECTION 3.5Letter of Credit Fees 92 SECTION 3.5.1Letter of Credit (Revolver) Lenders 92 SECTION 3.5.2Letter of Credit (MDT) Lenders 92 SECTION 3.5.3Letter of Credit Issuing Lender 92 SECTION 3.6Extension of Stated Maturity Date 93 SECTION 3.6.1Requests for Extension 93 SECTION 3.6.2Lender Elections to Extend 93 SECTION 3.6.3Notification by Administrative Agent 93 SECTION 3.6.4Additional Commitment Lenders 93 SECTION 3.6.5Extension Requirement 94 SECTION 3.6.6Conditions to Effectiveness of Extensions 94 SECTION 3.6.7Terms 95 SECTION 3.6.8Extension Amendment 95 ARTICLE IV YIELD PROTECTION, TAXES AND RELATED PROVISIONS95 SECTION 4.1Eurodollar Rate Lending Unlawful 95 SECTION 4.2LIBOR Unavailability 96 SECTION 4.3Capital Adequacy and Other Adjustments 97 SECTION 4.4Funding Losses 98 SECTION 4.5Mitigation Obligations; Replacement of Lender 98 SECTION 4.6Taxes 100 SECTION 4.7Payments, Interest Calculations, etc 104 SECTION 4.8Sharing of Payments 105 SECTION 4.9Right of Setoff 105 SECTION 4.10Use of Proceeds 106 SECTION 4.11Payment Reliance 107 SECTION 4.12Defaulting Lenders 108 SECTION 4.13Cash Collateral 111 SECTION 4.14Letter of Credit Liability 112 ARTICLE V CONDITIONS PRECEDENT TO LOANS113 SECTION 5.1Conditions to Effectiveness 113 SECTION 5.1.1Agreement 113 SECTION 5.1.2Resolutions, Good Standing, etc 113 SECTION 5.1.3Delivery of Notes 114 SECTION 5.1.4Required Consents and Approvals 114 SECTION 5.1.5Opinion of Counsel 114 SECTION 5.1.6Evidence of Insurance 114 SECTION 5.1.7Permitted Joint Venture Investment Certificate 114 SECTION 5.1.8Pledged Property 114 SECTION 5.1.9U.C.C. Search Results 115 SECTION 5.1.10Security Agreements, Filings, etc 115 SECTION 5.1.11Solvency Certificate 115 SECTION 5.1.12Closing Date Certificate 115 SECTION 5.1.13Flood Laws 115 SECTION 5.1.14Material Government Approvals 116 SECTION 5.1.15Collateral Assignment of Material Agreements; Reaffirmation of Collateral Assignment of Material Agreement 116 SECTION 5.1.16Mortgages, etc 116 SECTION 5.1.17Timber Manager Subordination Agreement 117 SECTION 5.1.18[Reserved] 117
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Related to 1Voluntary Prepayments; Commitment Reductions

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

  • Mandatory Prepayments Commitment Reductions 53 2.13 Application of Prepayments/Reductions............................................................................... 55 2.14 Allocation of Certain Payments and Proceeds......................................................................... 56 2.15

  • Mandatory Prepayments and Commitment Reductions 28 2.11 Conversion and Continuation Options............................... 29 2.12 Minimum Amounts and Maximum Number of Eurodollar Tranches......... 30 2.13 Interest Rates and Payment Dates.................................. 30 2.14 Computation of Interest and Fees.................................. 30 2.15 Inability to Determine Interest Rate.............................. 31 2.16 Pro Rata Treatment and Payments................................... 31 2.17

  • Voluntary Prepayments (a) The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay any Term Loan in whole or in part without premium or penalty (other than as set forth in clause (b) below); 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 and LIBOR Daily Floating Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any such prepayment of LIBOR Daily Floating Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment, the tranche of Terms Loans to be prepaid and the Type(s) of Term Loans to be prepaid. The Administrative Agent will promptly notify each applicable 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. Any prepayment of a Eurodollar 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 Term Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Voluntary prepayment of Loans The Borrower to which a Loan has been made may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Loan (but if in part, being an amount that reduces the Loan by a minimum amount of ten million dollars ($10,000,000)).

  • Voluntary Prepayment Subject to the following conditions, the Borrower may prepay the whole or any part of the Loan on the last day of an Interest Period.

  • Voluntary prepayment of Loan (a) The Borrowers may, if they give the Facility Agent not less than 15 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of $500,000 or a multiple of that amount).

  • Voluntary Prepayments of Loans The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans of any Class in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any such prepayment of Eurodollar 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); (iii) 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); (iv) 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 (v) 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 Eurodollar 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 Eurodollar 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 their respective Applicable Percentages for such Class.

  • Discounted Voluntary Prepayments (i) Notwithstanding anything to the contrary set forth in this Agreement (including Section 2.13) or any other Loan Document, the Borrower shall have the right at any time and from time to time to prepay Term Loans to the Lenders thereof at a discount to the par value of such Loans and on a non pro rata basis (each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.05(e); provided that (A) no proceeds from Revolving Credit Loans shall be used to consummate any such Discounted Voluntary Prepayment, (B) any Discounted Voluntary Prepayment hereunder must be offered to all relevant Term Lenders on a pro rata basis and must be offered simultaneously on a pro rata basis with a “Discounted Voluntary Prepayment” as defined in the other Group Credit Agreements, as applicable on a pro rata basis, (C) no Default shall have occurred and be continuing or would result from such Discounted Voluntary Prepayment, (D) no more than one Discounted Prepayment Option Notice shall be issued and pending at any one time and (E) the Borrower shall deliver to the Administrative Agent, together with each Discounted Prepayment Option Notice, a certificate of a Responsible Officer of the Borrower (1) stating that each of the conditions to such Discounted Voluntary Prepayment contained in this Section 2.05(e) has been satisfied and (2) specifying the aggregate principal amount of Term Loans to be prepaid pursuant to such Discounted Voluntary Prepayment.

  • Voluntary Prepayments of Borrowings 25 Section 3.08 Payments, etc................................................................................26 Section 3.09 Interest Rate Not Ascertainable, etc.........................................................28 Section 3.10 Illegally....................................................................................28 Section 3.11

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