Common use of Optional Payments Clause in Contracts

Optional Payments. The Company or the applicable Borrower may from time to time and at any time upon at least one (1) Business Day's prior written notice repay or prepay without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of $5,000,000 and in integral multiples of $1,000,000 in excess thereof. Eurocurrency Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, provided that the applicable Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least four (4) Business Days' prior written notice to the Administrative Agent of such prepayment. Each Subsidiary Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $5,000,000 or any larger multiple Dollar Amount of $1,000,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 3 contracts

Samples: Credit Agreement (Trimble Navigation LTD /Ca/), Credit Agreement (Trimble Navigation LTD /Ca/), Credit Agreement (Trimble Navigation LTD /Ca/)

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Optional Payments. The Company or the applicable Borrower may from time to time and at any time upon at least one (1) Business Day's prior written notice repay or prepay prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 100,000 in excess thereof. Eurocurrency Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, provided provided, that the applicable Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least four five (45) Business Days' prior written notice to the Administrative Agent of such prepayment. Each Subsidiary Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount amounts aggregating $5,000,000 1,000,000 or any larger multiple Dollar Amount of $1,000,000 100,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; payment provided that any such payment occurring prior to occurs on the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4Loan.

Appears in 2 contracts

Samples: Credit Agreement (Schawk Inc), Credit Agreement (Schawk Inc)

Optional Payments. The Company or the applicable Borrower Syndicated Borrowers may from time to time and at any time upon at least one (1) Business Day's ’s prior written notice repay or prepay prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 100,000 in excess thereof. Eurocurrency Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, provided provided, that the applicable no Syndicated Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least four five (45) Business Days' prior written notice to the Administrative Agent of such prepayment. Each Subsidiary Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount amounts aggregating $5,000,000 1,000,000 or any larger multiple Dollar Amount of $1,000,000 100,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; payment provided that any such payment occurring prior to occurs on the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4Loan.

Appears in 2 contracts

Samples: Credit Agreement (Schawk Inc), Credit Agreement (Schawk Inc)

Optional Payments. The Company or the applicable Borrower Borrowers may from time to time and at any time upon at least one (1) Business Day's ’s prior written notice repay or prepay prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum amount Dollar Amount of $5,000,000 and in integral multiples or any larger multiple Dollar Amount of $1,000,000 in excess thereof1,000,000. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.44.4 in an aggregate minimum Dollar Amount of $5,000,000 or any larger multiple Dollar Amount of $1,000,000, provided provided, that the applicable no Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least four three (43) Business Days' prior written notice to the Administrative Agent of such prepaymentprepayment if the Agreed Currency is Dollars and four (4) Business Days’ prior written notice to the Administrative Agent if the Agreed Currency is a currency other than Dollars. Each Subsidiary Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $5,000,000 1,000,000 or any larger multiple Dollar Amount of $1,000,000 500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided provided, that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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Optional Payments. The Company or the applicable Borrower Borrowers may from time to time and at any time upon at least one (1) Business Day's prior written notice repay or prepay prepay, without penalty or premium all or any part of outstanding Floating Rate Advances (other than Swing Line Loans) in an aggregate minimum amount Dollar Amount of $5,000,000 and in integral multiples of $1,000,000 in excess thereof2,500,000. Eurocurrency Rate Advances (other than Alternate Currency Loans) may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.44.4 in an aggregate minimum amount of $2,500,000, provided provided, that the applicable no Borrower may not so prepay Eurocurrency Rate Advances unless it shall have provided at least three (3) Business Days' prior written notice to the Administrative Agent of such prepayment if the Agreed Currency is Dollars and four (4) Business Days' prior written notice to the Administrative Agent of such prepaymentif the Agreed Currency is a Currency other than Dollars. Each Subsidiary Alternate Currency Borrower may, upon prior written notice to the Administrative Agent and to the applicable Alternate Currency Bank as prescribed in the applicable Alternate Currency Addendum and specifying that it is prepaying all or a portion of its Alternate Currency Loans, prepay its Alternate Currency Loans in whole at any time, or from time to time in part in a Dollar Amount aggregating $5,000,000 1,000,000 or any larger multiple Dollar Amount of $1,000,000 500,000 (or as otherwise specified in the applicable Alternate Currency Addendum) by paying the principal amount to be paid together with all accrued and unpaid interest thereon to and including the date of payment; provided provided, that any such payment occurring prior to the last day of any Interest Period related to such Alternate Currency Loan shall be subject to the indemnification provisions contained in Section 4.4.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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