Common use of Limitation on Prepayment Clause in Contracts

Limitation on Prepayment. A Variable Rate Loan may be prepaid at the option of the Company in whole or in part at any time without premium or penalty. An Adjusted LIBOR Rate Loan may be prepaid at any time at the option of the Company; provided, however, that prepayment prior to the last day of the Interest Period applicable thereto will require the payment by Company of the amount (if any) required by section 2.

Appears in 2 contracts

Samples: Credit Agreement (Oshkosh B Gosh Inc), Credit Agreement (Oshkosh B Gosh Inc)

AutoNDA by SimpleDocs

Limitation on Prepayment. A Variable Rate Loan may be prepaid at the option of the Company in whole or in part at any time without premium or penalty. An Adjusted LIBOR Rate Loan may be prepaid at any time at the option of the Company; provided, however, that prepayment prior to the last day of the Interest Period applicable thereto will require the payment by Company of the amount (if any) required by section 22.12. All prepayments shall be accompanied by interest accrued on the amount prepaid through the date of prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Oshkosh B Gosh Inc), Credit Agreement (Oshkosh B Gosh Inc)

Limitation on Prepayment. A Variable Rate Loan may be prepaid at the option of the Company in whole or in part at on any time interest payment date without premium or penalty. An Adjusted LIBOR Rate Loan may be prepaid at any time at the option of the Company; provided, however, that prepayment prior to the last day of the Interest Period applicable thereto will require the payment by Company of the amount (if any) required by section 22.12.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

AutoNDA by SimpleDocs

Limitation on Prepayment. A Variable Rate Loan may be prepaid at the option of the Company in whole or in part at on any time interest payment date without premium or penalty. An Adjusted LIBOR Rate Loan may be prepaid at any time at the option of the Company; provided, however, that prepayment prior to the last day of the Interest Period applicable thereto will require the payment by Company of the amount (if any) required by section 2Section 2.12.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!