Common use of Optional Payments Clause in Contracts

Optional Payments. The 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 $10,000,000 and in integral multiples of $1,000,000 in excess thereof. Eurodollar 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 ----------- -------- Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days' prior written notice to the Administrative Agent of such prepayment and provided, further, that optional -------- ------- prepayments of Eurodollar Rate Advances made pursuant to Section 2.1 shall be ----------- for the entire amount of the outstanding Eurodollar Rate Advance.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Ralston Purina Co), Revolving Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Ralston Purina Co)

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Optional Payments. The 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, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount Dollar Amount of $10,000,000 5,000,000 and in integral multiples of $1,000,000 in excess thereof. Eurodollar 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, in an aggregate minimum Dollar Amount of $5,000,000 and in integral multiples of $1,000,000, in excess thereof, provided, that the ----------- -------- no Borrower may not so prepay Eurodollar Eurocurrency Rate Advances unless it shall have provided at least (i) in the case of a Eurocurrency Rate Advance denominated in Dollars, three (3) Business Days' ’ prior written notice and (ii) in the case of a Eurocurrency Rate Advance denominated in euro, four (4) Business Days prior written notice, in each case to the Administrative Agent of such prepayment and provided, further, that optional -------- ------- prepayments of Eurodollar Rate Advances made pursuant to Section 2.1 shall be ----------- for the entire amount of the outstanding Eurodollar Rate Advanceprepayment.

Appears in 3 contracts

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

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Optional Payments. The 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 $10,000,000 1,000,000 and in integral multiples of $1,000,000 in excess thereof. Eurodollar 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 SECTION 4.4, providedPROVIDED, that the ----------- -------- Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days' prior written notice to the Administrative Agent of such prepayment and providedPROVIDED, furtherFURTHER, that optional -------- ------- prepayments of Eurodollar Rate Advances made pursuant to Section SECTION 2.1 shall be ----------- for the entire amount of the outstanding Eurodollar Rate Advance.

Appears in 1 contract

Samples: Credit Agreement (Huttig Building Products Inc)

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