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 to prepay any outstanding Loans of any Class, in whole or part, upon at least two (2) Business Day’s prior written notice or facsimile notice to each Lender having Loans with respect to the applicable Class (with notices or payments delivered or made after 5:00 p.m. New York City time on a particular Business Day being deemed delivered or made on the next succeeding Business Day).

Appears in 2 contracts

Samples: Credit Agreement, Subordination Agreement (American Apparel, Inc)

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Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers Borrower shall have the right to prepay any outstanding Loans of any ClassLoans, in whole or part, upon at least two (2) Business Day’s prior written notice or facsimile notice to each Lender having Loans with respect the Administrative Agent, prior to the applicable Class (with notices or payments delivered or made after 5:00 p.m. 5 p.m., New York City time on a particular Business Day being deemed delivered or made on the next succeeding Business Day)time.

Appears in 2 contracts

Samples: Credit Agreement (American Apparel, Inc), Credit Agreement (American Apparel, Inc)

Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers Borrower shall have the right to prepay any outstanding Loans of any ClassLoans, in whole or part, upon at least two (2) Business Day’s prior written notice or facsimile notice to each Lender having Loans with respect Lender, prior to the applicable Class (with notices or payments delivered or made after 5:00 p.m. p.m., New York City time on a particular Business Day being deemed delivered or made on the next succeeding Business Day)time.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

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Optional Prepayment of Loans; Reimbursement of Lenders. (a) The Borrowers Borrower shall have the right to prepay any outstanding Loans of any ClassLoans, in whole or part, upon at least two (2) Business Day’s prior written notice or facsimile notice to each Lender having Loans with respect Lender, prior to the applicable Class (with notices or payments delivered or made after 5:00 p.m. p.m., New York City time on a particular Business Day being deemed delivered or made on the next succeeding Business Day)time. [Reserved.]

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

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