Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 35 contracts
Samples: Credit Agreement (Nexstar Media Group, Inc.), Credit Agreement (Nexstar Media Group, Inc.), Credit Agreement (Nexstar Media Group, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans be deemed to be so prepaid; provided that a prepayment of such Loans by the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to for all purposes under this Section 2.05Agreement.
Appears in 12 contracts
Samples: Credit Agreement (Vivint Smart Home, Inc.), Credit Agreement (APX Group Holdings, Inc.), Credit Agreement (Global Eagle Entertainment Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.052.03.
Appears in 11 contracts
Samples: Credit Agreement (JOANN Inc.), Credit Agreement (JOANN Inc.), Credit Agreement (Jo-Ann Stores Holdings Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Parent Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Parent Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans be deemed to be so prepaid; provided that a prepayment of such Loans by the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to Borrowers for all purposes under this Section 2.05Agreement.
Appears in 10 contracts
Samples: Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.), Assignment and Assumption (Quintiles IMS Holdings, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 10 contracts
Samples: Credit Agreement (Travel & Leisure Co.), Credit Agreement (Wyndham Hotels & Resorts, Inc.), Credit Agreement (Wyndham Destinations, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefortherefor and less than three months are remaining in such Interest Period, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 9 contracts
Samples: Credit Agreement (Pinnacle Foods Inc.), Assignment and Assumption (Freescale Semiconductor, Ltd.), Assignment and Assumption (Freescale Semiconductor Holdings I, Ltd.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Parent Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 8 contracts
Samples: Credit Agreement (Restaurant Brands International Inc.), Credit Agreement (Restaurant Brands International Limited Partnership), Credit Agreement (Restaurant Brands International Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 7 contracts
Samples: Credit Agreement (CEB Inc.), Consent (CEB Inc.), Credit Agreement (CEB Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the any Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from any Loan Party) to apply such amount to the Eurodollar Rate prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.05.
Appears in 7 contracts
Samples: Possession Credit Agreement (iHeartMedia, Inc.), Credit Agreement (iHeartCommunications, Inc.), Credit Agreement (Clear Channel Communications Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Parent Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Parent Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Parent Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.05.
Appears in 6 contracts
Samples: Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Clear Channel Communications Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued and unpaid interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate LIBOR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate LIBOR Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate LIBOR Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate LIBOR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 6 contracts
Samples: Revolving Credit Agreement (IASIS Healthcare LLC), Credit Agreement (IASIS Healthcare LLC), Revolving Credit Agreement (IASIS Healthcare LLC)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 6 contracts
Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Array Technologies, Inc.), Credit Agreement (Frontier Communications Corp)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 6 contracts
Samples: Abl Credit Agreement (Cole Haan, Inc.), Abl Credit Agreement (Cole Haan, Inc.), Credit Agreement (Acelity L.P. Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan or Term SOFR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan or Term SOFR Loan, as applicable, pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans or Term SOFR Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan or Term SOFR Loan, as applicable, prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans or Term SOFR Loans, as applicable, to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 6 contracts
Samples: Credit Agreement (Nexstar Media Group, Inc.), Credit Agreement (Nexstar Media Group, Inc.), Credit Agreement (Nexstar Media Group, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.06 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.06, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.052.06, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.06 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.06. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.052.06.
Appears in 4 contracts
Samples: Term Loan Credit Agreement (SMART Technologies Inc.), Abl Credit Agreement (SMART Technologies Inc.), First Lien Credit Agreement (SMART Technologies Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 4 contracts
Samples: Term Loan Credit Agreement (GFL Environmental Holdings Inc.), Credit Agreement (GFL Environmental Holdings Inc.), Assignment and Assumption (GFL Environmental Holdings Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.08 and Section 2.09 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate LIBOR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05Breakage Costs. Notwithstanding any of the other provisions of this Section 2.052.08 or Section 2.09, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate LIBOR Loans is required to be made under this Section 2.052.08 or Section 2.09, prior to the last day of the Interest Period therefortherefor and less than three months are remaining in such Interest Period, in lieu of making any payment pursuant to this Section 2.05 2.08 or Section 2.09 in respect of any such Eurodollar Rate LIBOR Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.08 or Section 2.09. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.052.08 or Section 2.09.
Appears in 4 contracts
Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 4 contracts
Samples: Credit Agreement (Avaya Inc), Credit Agreement (Avaya Inc), Credit Agreement (Avaya Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its their sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.03. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans be deemed to be so prepaid; provided that a prepayment of such Loans by the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to for all purposes under this Section 2.05Agreement.
Appears in 4 contracts
Samples: Credit Agreement (ATD Corp), Credit Agreement (American Tire Distributors Holdings, Inc.), Credit Agreement (ATD Corp)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.05, in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 4 contracts
Samples: Credit Agreement (Candela Medical, Inc.), Security Agreement (Candela Medical, Inc.), Credit Agreement (Duck Creek Technologies, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.052.03.
Appears in 3 contracts
Samples: Term Loan Credit Agreement (RumbleOn, Inc.), Term Loan Credit Agreement (RumbleOn, Inc.), Term Loan Credit Agreement (RumbleOn, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the any Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from any Loan Party) to apply such amount to the Eurodollar Rate prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.05.
Appears in 3 contracts
Samples: Credit Agreement (LVB Acquisition, Inc.), Credit Agreement (LVB Acquisition, Inc.), Credit Agreement (Biolectron, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 3 contracts
Samples: Credit Agreement (Cole Haan, Inc.), Credit Agreement (Epicor International Holdings, Inc.), Credit Agreement (Epicor Software Corp)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 3 contracts
Samples: Credit Agreement (Holley Inc.), Credit Agreement (Paycor Hcm, Inc.), Credit Agreement (Holley Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 2 contracts
Samples: Intercreditor Agreement (Owens & Minor Inc/Va/), Credit Agreement (Utz Brands, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefortherefor and less than three months are remaining in such Interest Period, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (Catalent, Inc.), Credit Agreement (Catalent Pharma Solutions, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.08 and Section 2.09 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate an LIBOR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05Breakage Costs. Notwithstanding any of the other provisions of this Section 2.052.08 or Section 2.09, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate LIBOR Loans is required to be made under this Section 2.052.08 or Section 2.09, prior to the last day of the Interest Period therefortherefor and less than three months are remaining in such Interest Period, in lieu of making any payment pursuant to this Section 2.05 2.08 or Section 2.09 in respect of any such Eurodollar Rate LIBOR Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.08 or Section 2.09. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.052.08 or Section 2.09.
Appears in 2 contracts
Samples: Security Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (LVB Acquisition, Inc.), Credit Agreement (Biolectron, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral Cash Collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (KORE Group Holdings, Inc.), Credit Agreement (King Pubco, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate LIBOR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate LIBOR Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate LIBOR Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate LIBOR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (Surgical Care Affiliates, Inc.), Credit Agreement (ASC Acquisition LLC)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (Axcan Intermediate Holdings Inc.), Credit Agreement (Axcan Intermediate Holdings Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan or Term SOFR Loan, as applicable, on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan or Term SOFR Loan, as applicable, pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans or Term SOFR Loan, as applicable, is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan or Term SOFR Loan, as applicable, prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans or Term SOFR Loan, as applicable, to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (Travel & Leisure Co.), Credit Agreement (Travel & Leisure Co.)
Interest, Funding Losses, Etc. All prepayments under this Section Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section Section 3.05. Notwithstanding any of the other provisions of this Section Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (Phibro Animal Health Corp), Credit Agreement (Phibro Animal Health Corp)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower Representative may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Representative or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower Representative may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 2 contracts
Samples: Credit Agreement (Media General Inc), Credit Agreement (Media General Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of any Eurodollar Rate Loans Loan is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans be deemed to be so prepaid; provided that a prepayment of such Loans by the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to for all purposes under this Section 2.05Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Res Care Inc /Ky/), Credit Agreement (Res Care Inc /Ky/)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 (i) shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Eurocurrency RateSOFR Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Eurocurrency RateSOFR Loan pursuant to Section 3.053.05 and (ii) subject to Section 2.20 with respect to prepayments under Section 2.05(b)(iv), shall be without premium or penalty. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Eurocurrency RateSOFR Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Eurocurrency RateSOFR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required 101 to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Security Agreement (M/a-Com Technology Solutions Holdings, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.08 and Section 2.09 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate LIBORSOFR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05Breakage CostsFunding Losses. Notwithstanding any of the other provisions of this Section 2.052.08 or Section 2.09, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate LIBORSOFR Loans is required to be made under this Section 2.052.08 or Section 2.09, prior to the last day of the Interest Period therefortherefor and less than three months are remaining in such Interest Period, in lieu of making any payment pursuant to this Section 2.05 2.08 or Section 2.09 in respect of any such Eurodollar Rate LIBORSOFR Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.08 or Section 2.09. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.052.08 or Section 2.09.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Rate Term Benchmark Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Term Benchmark Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Term Benchmark Loans is are required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Term Benchmark Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Term Benchmark Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Clear Channel Outdoor Holdings, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the any Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the such Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the such Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Term SOFR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Term SOFR Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Term SOFR Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Term SOFR Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Term SOFR Loans to be so prepaid; , provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.. (d)
Appears in 1 contract
Samples: Credit Agreement (Utz Brands, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Term Benchmark Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Term Benchmark Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Term Benchmark Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Term Benchmark Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Term Benchmark Loans to be so prepaid; provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate SOFR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate SOFR Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate SOFR Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Rate SOFR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit shall constitute cash collateral for the Eurodollar Rate SOFR Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.052.03.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Term SOFR Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Term SOFR Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Term SOFR Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Rate Term SOFR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.052.03.
Appears in 1 contract
Samples: Credit Agreement (JOANN Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the any Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Yum Brands Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to immediately apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Solo Brands, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by by(d) all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.052.03.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Parent Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Parent Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Samples: Abl Credit Agreement (Clear Channel Outdoor Holdings, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.03 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.052.03.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Eurocurrency Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Eurocurrency Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its their sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder, together with accrued interest to the last day of such Interest Period, into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Loan Credit Agreement (Alltel Corp)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Primedia Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day 112 of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the applicable Borrower may, in its sole discretion, deposit with the applicable Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the applicable Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the applicable Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Parent Borrower may, in its sole discretion, deposit with the Administrative Agent the or cause to be deposited an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for also be authorized (without any further action by or notice to or from the Eurodollar Rate Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans to be so prepaid; provided that in accordance with the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Clear Channel Outdoor Holdings, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Term SOFR Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Term SOFR Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Term SOFR Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Term SOFR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Term Loan Credit Agreement (GFL Environmental Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder, together with accrued interest to the last day of such Interest Period, into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Alltel Corp)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower Borrowers may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower Borrowers or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower Borrowers may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Samples: Credit Agreement (Media General Inc)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the applicable Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the applicable Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Eurocurrency Rate Loans to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
Appears in 1 contract
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Term SOFR Loan or Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Term SOFR Loan or Eurocurrency Rate Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Term SOFR Loans or Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Term SOFR Loan or Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its their sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Term SOFR Loans or Eurocurrency Rate Loans Loans, as applicable, to be so prepaid; , provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.
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Samples: Credit Agreement (Holley Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
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Interest, Funding Losses, Etc. All prepayments under this Section 2.05 2.03 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.052.03, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.052.03, prior to the last day of the Interest Period therefortherefor Table of Contents and less than three months are remaining in such Interest Period, in lieu of making any payment pursuant to this Section 2.05 2.03 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.052.03. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.052.03.
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Samples: Senior Unsecured Term Loan Agreement (Catalent Pharma Solutions, Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Rate Eurocurrency RateTerm Benchmark Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan Eurocurrency RateTerm Benchmark Loan, as applicable, pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Eurocurrency RateTerm Benchmark Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Eurocurrency RateTerm Benchmark Loan prior to the last day of the Interest Period therefor, the applicable Borrower may, in its sole discretion, deposit with the applicable Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the applicable Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.119 #95598837v24
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Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than prior to the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Collateral Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
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Samples: Credit Agreement (SoulCycle Inc.)
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued and unpaid interest thereon, together with, in the case of any such prepayment of a Eurodollar Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Eurocurrency Rate Loans is required to be made under this Section 2.05, 2.05 prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Eurocurrency Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the an amount of sufficient to make any such prepayment otherwise required to be made hereunder thereunder together with accrued and unpaid interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall constitute cash collateral for the Eurodollar Rate Loans also be authorized (without any further action by or notice to be so prepaid; provided that or from the Borrower may at or any time direct that other Loan Party) to apply such deposit be applied amount to make the applicable payment required pursuant to prepayment of the outstanding Loans in accordance with the relevant provisions of this Section 2.05.
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Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereonthereon in the currency in which such Loan is denominated, together with, in the case of any such prepayment of a Eurodollar Rate Eurocurrency RateSOFR Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Eurocurrency RateSOFR Loan pursuant to Section 3.053.04. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Eurocurrency RateSOFR Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Eurocurrency RateSOFR Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent in the currency in which such Loan is denominated the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.-114- #96501157v12
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