Common use of Optional Prepayment of Loans; Reimbursement of Lenders Clause in Contracts

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time, and (y) with respect to Prime Rate Loans, upon written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time, on the date of prepayment, subject to the following limitations:

Appears in 5 contracts

Samples: Credit Agreement (Caleres Inc), Credit Agreement (Caleres Inc), Credit Agreement (Brown Shoe Co Inc)

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Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers Borrower shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time1:00 p.m., and (y) with respect to Prime Rate Loans, upon on the same Business Day if written, telex or facsimile notice to is received by the Administrative Agent prior to 12:00 noon, Boston time, on the date of prepayment1:00 p.m., subject to the following limitations:

Appears in 2 contracts

Samples: Credit Agreement (Stage Stores Inc), Credit Agreement (Stage Stores Inc)

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time, and (y) with respect to Prime Rate Loans, upon written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time, on the date of prepayment, subject to the following limitations:

Appears in 1 contract

Samples: Credit Agreement (Brown Shoe Co Inc)

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x) with respect to LIBO LIBOR Loans, upon at least two Business Days’ prior written, telex written or facsimile notice to the Administrative Agent prior to 12:00 noon11:00 a.m., Boston time, and (y) with respect to Prime Base Rate Loans, upon on the same Business Day if written, telex or facsimile notice to is received by the Administrative Agent prior to 12:00 noon, Boston time, on the date of prepayment, 1:00 p.m. subject to the following limitations:

Appears in 1 contract

Samples: Credit Agreement (Zale Corp)

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Optional Prepayment of Loans; Reimbursement of Lenders. (a) The a)The Borrowers shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time, and (y) with respect to Prime Rate Loans, upon written, telex or facsimile notice to the Administrative Agent prior to 12:00 noon, Boston time, on the date of prepayment, subject to the following limitations:

Appears in 1 contract

Samples: Credit Agreement (Caleres Inc)

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