Common use of Optional Payments Clause in Contracts

Optional Payments. The Borrowers 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 Dollar 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, in an aggregate minimum Dollar Amount of $5,000,000 and in integral multiples of $1,000,000, in excess thereof, provided, that no Borrower may so prepay 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.

Appears in 3 contracts

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

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Optional Payments. The Borrowers Borrower 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 Dollar Amount amount of $5,000,000 10,000,000 and in integral multiples of $1,000,000 in excess thereof. Eurocurrency 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, in an aggregate minimum Dollar Amount of $5,000,000 and in integral multiples of $1,000,000, in excess thereof, provided, that no the ----------- -------- Borrower may not so prepay Eurocurrency Eurodollar 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.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. 2.5

Appears in 2 contracts

Samples: Year Revolving Credit Agreement (Energizer Holdings Inc), 364 Day Credit Agreement (Energizer Holdings Inc)

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Optional Payments. The Borrowers Borrower 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 Dollar Amount amount of $5,000,000 10,000,000 and in integral multiples of $1,000,000 in excess thereof. Eurocurrency 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, in an aggregate minimum Dollar Amount of $5,000,000 and in integral multiples of $1,000,000, in excess thereof, provided, that no the ----------- -------- Borrower may not so prepay Eurocurrency Eurodollar 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 prepaymentprepayment 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 2 contracts

Samples: Year Revolving Credit Agreement (Ralston Purina Co), 364 Day Credit Agreement (Ralston Purina Co)

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