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

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The 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 Eurodollar Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 1:00 p.m., Boston time, and (y)with respect to ABR Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 3:00 p.m., Boston time, subject to the following limitations:

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Bradlees Inc), Revolving Credit and Guaranty Agreement (Bradlees Inc)

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Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x)with x) with respect to Eurodollar Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 1:00 p.m.11:00 a.m., Boston time, and (y)with y) with respect to ABR Base Rate Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 3:00 1:00 p.m., Boston time, subject to the following limitations:

Appears in 2 contracts

Samples: Credit Agreement (Jo-Ann Stores Inc), Credit Agreement (Jo-Ann Stores Inc)

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrower shall have the right at any time and from time to time to prepay outstanding Tranche A Loans in whole or in part, (x)with x) with respect to Eurodollar Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 1:00 2:00 p.m., Boston time, and (y)with y) with respect to ABR Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 3:00 2:00 p.m., Boston time, subject to the following limitations:

Appears in 1 contract

Samples: Credit Agreement (Lamonts Apparel Inc)

Optional Prepayment of Loans; Reimbursement of Lenders. (ai) The Borrower shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x)with x) with respect to Eurodollar Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 1:00 p.m., Boston time, and (y)with y) with respect to ABR Loans, Prime Plus Loans and Tranche C Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 3:00 p.m., Boston time, subject to the following limitations:

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc)

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Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrower shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x)with x) with respect to Eurodollar Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 1:00 p.m., Boston time, and (y)with y) with respect to ABR Loans and Prime Plus Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 3:00 p.m., Boston time, subject to the following limitations:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (New Horizons of Yonkers Inc)

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrower shall have the right at any time and from time to time to prepay outstanding Loans in whole or in part, (x)with x) with respect to Eurodollar Loans, upon at least two Business Days' prior written, telex or facsimile notice to the Administrative Agent prior to 1:00 p.m., Boston time, and (y)with y) with respect to ABR Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 3:00 p.m., Boston time, subject to the following limitations:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Caldor Corp)

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