Common use of Optional Payments Clause in Contracts

Optional Payments. The Borrowers may from time to time repay, without penalty or premium, all or any part of outstanding Floating Rate Advances. 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 Borrowers may not so prepay Eurodollar Rate Advances unless it shall have provided at least three Business Days' written notice to the Agent of such prepayment.

Appears in 3 contracts

Samples: Credit Agreement (Marsh Supermarkets Inc), Credit Agreement (Marsh Supermarkets Inc), Credit Agreement (Marsh Supermarkets Inc)

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Optional Payments. The Borrowers Borrower may from time to time repayrepay or prepay, without penalty or premium, premium all or any part of outstanding Floating Rate Advances. 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 4.4subsection (B) below, provided, that the Borrowers Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three Business Days' written notice to the Agent Lender of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Finishmaster Inc)

Optional Payments. The Borrowers Borrower may from time to time repayrepay or prepay, without penalty or premium, premium all or any part of outstanding Floating Rate Advances. 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 Borrowers Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days' written notice to the Administrative Agent of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Haynes International Inc)

Optional Payments. The Borrowers Each Borrower may from time to time repayrepay or prepay, without penalty or premium, premium all or any part of outstanding Floating Rate Advances. 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 Borrowers such Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three Business Days' written notice to the Agent of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (American Architectural Products Corp)

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Optional Payments. The Borrowers may from time to time repayrepay or prepay, without penalty or premium, premium all or any part of outstanding Floating Rate Advances. 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 Borrowers may not so prepay Eurodollar Rate Advances unless it the Borrower Representative shall have provided at least three Business Days' ’ written notice to the Agent of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /In/)

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