Common use of Manner of Prepayments Clause in Contracts

Manner of Prepayments. Each voluntary partial prepayment shall be in a principal amount of $100,000 or a higher integral multiple of $50,000. Any partial prepayment of a Group of LIBOR Loans shall be subject to the proviso to Section 2.2.3(a). Any prepayment of a LIBOR Loan on a day other than the last day of an Interest Period therefor shall include interest on the principal amount being repaid and shall be subject to Section 7.4. All prepayments of the Term Loan shall be applied in the inverse order of maturity to the remaining installments thereof. Except as otherwise provided by this Agreement, all principal payments in respect of the Loans shall be applied first, to repay outstanding Base Rate Loans and then to repay outstanding LIBO Rate Loans in direct order of Interest Period maturities.

Appears in 1 contract

Samples: Loan and Security Agreement (Kingsway Financial Services Inc)

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Manner of Prepayments. Each voluntary partial prepayment shall be in a principal amount of the Lenders’ Superpriority Pro Rata Share of $100,000 500,000 or a higher integral multiple of the Lenders’ Superpriority Pro Rata Share of $50,000100,000. Any partial prepayment of a Group of LIBOR Loans shall be subject to the proviso to Section 2.2.3(a). Any prepayment of a LIBOR Loan on a day other than the last day of an Interest Period therefor shall include interest on the principal amount being repaid and shall be subject to Section 7.48.4. All prepayments of the Term Loan shall be applied in the inverse order of maturity Subject to the remaining installments thereof. Except Intercreditor Agreement, except as otherwise provided by this Agreement, all principal payments in respect of the Loans shall be applied first, to repay outstanding Base Rate Loans and then to repay outstanding LIBO Rate LIBOR Loans in direct order of Interest Period maturities.

Appears in 1 contract

Samples: Credit Agreement (Proquest Co)

Manner of Prepayments. Each voluntary partial prepayment shall be in a principal amount of $100,000 50,000 or a higher integral multiple of $50,000. Any partial prepayment of a Group of LIBOR Loans shall be subject to the proviso to Section 2.2.3(a). Any prepayment of a LIBOR Loan on a day other than the last day of an Interest Period therefor shall include interest on the principal amount being repaid and shall be subject to Section 7.4. All prepayments of the Term Loan shall be applied in the inverse order of maturity to the remaining installments thereof. Except as otherwise provided by this Agreement, all principal payments in respect of the Loans shall be applied first, to repay outstanding Base Rate Loans and then to repay outstanding LIBO Rate Loans in direct order of Interest Period maturities. (h) Commencing the Effective Date, Section 5.4 of the Loan Agreement is amended and restated as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods, Inc.)

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Manner of Prepayments. Each voluntary partial prepayment shall be in a principal amount of $100,000 5,000,000.00 or a higher integral multiple of $50,0001,000,000.00. Any partial prepayment of a Group of LIBOR Term Loans shall be subject to the proviso to Section 2.2.3(a). Any prepayment of a LIBOR Loan on a day other than the last day of an Interest Period therefor shall include interest on the principal amount being repaid and shall be subject to Section 7.48.4. All prepayments of the Term Loan Loans shall be applied in pro rata among the inverse order of maturity Term Loans according to the remaining installments principal amounts thereof. Except as otherwise ; provided by this Agreement, that all principal payments in respect of the Term Loans shall be applied first, to repay outstanding Base Rate Loans and then to repay outstanding LIBO LIBOR Rate Loans in direct order of Interest Period maturities.

Appears in 1 contract

Samples: Credit Agreement (UTi WORLDWIDE INC)

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