Common use of Optional Prepayment of Revolving Loans Clause in Contracts

Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, at any time and from time to time, to prepay any Revolving Loans under any Revolving Facility, in whole or in part, (i) with respect to Eurodollar Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall be permitted pursuant to this Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Revolving Loans shall result in the aggregate principal amount of the Eurodollar Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000. (b) All prepayments under Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Delta Air Lines, Inc.), Credit Agreement (Delta Air Lines, Inc.)

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Optional Prepayment of Revolving Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right, right at any time and from time to time, time to prepay any Revolving Loans under any Revolving Facility, Credit Borrowing in whole or in part, part without premium or penalty (but subject to Section 2.14); provided that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000. (b) The Borrower shall notify the Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) with respect to Eurodollar Revolving Loansin the case of prepayment of a LIBO Rate Borrowing, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m.not later than 11:00 a.m., New York City time, three (3) Business Days prior to before the proposed date of prepayment and or (ii) with respect to in the case of prepayment of an ABR Revolving LoansBorrowing, upon written or facsimile notice received by 1:00 p.m.not later than 10:00 a.m., New York City time, one (1) Business Day prior to on the proposed date day of prepayment; provided that ABR Revolving Loans . Each such notice shall be irrevocable (except in the case of a repayment in full of all of the Obligations, which may be prepaid on conditioned upon the same day notice is given if effectiveness of a new financing) and shall specify the prepayment date and the principal amount of each Revolving Credit Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice is received by relating to a Revolving Credit Borrowing, the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Credit Borrowing shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall that would be permitted pursuant to this Section 2.13(a) other than on in the last day case of an Interest Period applicable thereto unless such prepayment is accompanied by the payment a Revolving Credit Borrowing of the amounts described same Type as provided in Section 2.15, and (C) no partial 2.02. Each prepayment of a Revolving Credit Borrowing of Eurodollar shall be applied ratably to the Revolving Loans shall result included in the aggregate principal amount prepaid Revolving Credit Borrowing; provided that any prepayments made to Exiting Lenders in connection with a termination of their Revolving Credit Commitments shall be applied ratably to the Eurodollar applicable Revolving Loans remaining outstanding pursuant to of such Borrowing being less than $5,000,000. (b) All prepayments under Section 2.13(a) Exiting Lenders. Prepayments shall be accompanied by accrued but interest as required by Section 2.11 and any prepayment of LIBO Rate Loans shall be subject to the provisions of Section 2.14; provided, however, that in the case of a prepayment of an ABR Revolving Loan that is not made in connection with a termination of the Revolving Credit Commitments, the accrued and unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and payable on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section 2.13 if next scheduled Interest Payment Date with respect to such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable ABR Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepaymentLoan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Sunpower Corp), Revolving Credit Agreement (Sunpower Corp)

Optional Prepayment of Revolving Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right, right at any time and from time to time, time to prepay any Revolving Loans under any Revolving Facility, Credit Borrowing in whole or in part, part without premium or penalty (but subject to Section 2.14); provided that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000. (b) The Borrower shall notify the Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) with respect to Eurodollar Revolving Loansin the case of prepayment of a LIBO Rate Borrowing, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m.not later than 11:00 a.m., New York City time, three (3) Business Days prior to before the proposed date of prepayment and or (ii) with respect to in the case of prepayment of an ABR Revolving LoansBorrowing, upon written or facsimile notice received by 1:00 p.m.not later than 10:00 a.m., New York City time, one (1) Business Day prior to on the proposed date day of prepayment; provided that ABR Revolving Loans . Each such notice shall be irrevocable (except in the case of a repayment in full of all of the Obligations, which may be prepaid on conditioned upon the same day notice is given if effectiveness of a new financing) and shall specify the prepayment date and the principal amount of each Revolving Credit Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice is received by relating to a Revolving Credit Borrowing, the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Credit Borrowing shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall that would be permitted pursuant to this Section 2.13(a) other than on in the last day case of an Interest Period applicable thereto unless such prepayment is accompanied by the payment a Revolving Credit Borrowing of the amounts described same Type as provided in Section 2.15, and (C) no partial 2.02. Each prepayment of a Revolving Credit Borrowing of Eurodollar shall be applied ratably to the Revolving Loans shall result included in the aggregate principal amount prepaid Revolving Credit Borrowing; provided that any prepayments made to Exiting LendersBanks in connection with a termination of their Revolving Credit Commitments shall be applied ratably to the Eurodollar applicable Revolving Loans remaining outstanding pursuant to of such Borrowing being less than $5,000,000. (b) All prepayments under Section 2.13(a) Exiting LendersBanks. Prepayments shall be accompanied by accrued but interest as required by Section 2.11 and any prepayment of LIBO Rate Loans shall be subject to the provisions of Section 2.14; provided, however, that in the case of a prepayment of an ABR Revolving Loan that is not made in connection with a termination of the Revolving Credit Commitments, the accrued and unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and payable on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section 2.13 if next scheduled Interest Payment Date with respect to such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable ABR Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepaymentLoan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sunpower Corp)

Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, at any time and from time to time, to prepay any Revolving Loans under any Revolving Facility, in whole or in part, (i) with respect to Eurodollar Revolving Loans or Term Benchmark Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans or Term Benchmark Revolving Loans shall be permitted pursuant to this Section ‎Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section ‎Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Revolving Loans or a Borrowing of Term Benchmark Revolving Loans shall result in the aggregate principal amount of the thesuch Eurodollar Revolving Loans or Term Benchmark Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000. (b) All prepayments under Section ‎Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 ‎2.15 and 2.19 ‎2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans or Term Benchmark Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section ‎Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepayment.

Appears in 1 contract

Samples: Credit Agreement (Delta Air Lines, Inc.)

Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, may at any time and from time to time, to time prepay any the Revolving Loans under any Revolving Facility, made to it and the Reimbursement Obligations in respect of Letters of Credit issued for its account in whole or in part, (i) with respect subject to Eurodollar Revolving LoansSubsection 4.12, without premium or penalty, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by the Borrower to the Administrative Agent prior to 1:00 p.m.P.M., New York City time, time at least three (3) Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the proposed date of prepayment (in the case of Eurodollar Loans), or prior to 12:00 P.M., New York City time at least one Business Day (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of ABR Loans). Such notice shall specify the date and amount of prepayment and whether the prepayment is (i) of Initial Revolving Loans, Incremental Revolving Loans, Extended Revolving Loans, Specified Refinancing Revolving Loans or Swing Line Loans, or a combination thereof, and (ii) with respect to ABR Revolving of Eurodollar Loans, upon written ABR Loans or facsimile notice received by 1:00 p.m.a combination thereof and, New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given in each case if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall be permitted pursuant to this Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Revolving Loans shall result in the aggregate principal amount of the Eurodollar Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000. (b) All prepayments under Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facilitycombination thereof, the principal amount of the Revolving Loans thereunder allocable to be prepaid each and, in the case of Eurodollar Revolving Loansany prepayment of Reimbursement Obligations, the Borrowing date and amount of prepayment, the identity of the applicable Letter of Credit or Borrowings pursuant Letters of Credit and the amount allocable to each of such Reimbursement Obligations. Any such notice may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which madecase such notice may be revoked by the Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Upon the receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given and not revoked, the amount specified in such notice shall be irrevocable due and shall commit the Borrower to prepay such Revolving Loan by the amount and payable on the date stated specified therein; provided that , together with (if a Eurodollar Loan is prepaid other than at the Borrower may revoke any notice of prepayment under this Section 2.13 if such prepayment would have resulted from a refinancing of any or all end of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayedInterest Period applicable thereto) any amounts payable pursuant to Subsection 4.12. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable Revolving Facility of the principal amount Partial prepayments of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application Reimbursement Obligations pursuant to this Subsection 4.4(b) shall (unless the Borrower otherwise directs) be applied, first, to payment of the prepaymentSwing Line Loans then outstanding, second, to payment of the Revolving Loans then outstanding, third, to payment of any Reimbursement Obligations then outstanding and, last, to cash collateralize any outstanding L/C Obligation on terms reasonably satisfactory to the Issuing Bank. Partial prepayments pursuant to this Subsection 4.4(b) shall be in whole multiples of $1,000,000; provided that, notwithstanding the foregoing, any Loan may be prepaid in its entirety.

Appears in 1 contract

Samples: First Lien Credit Agreement (PharMEDium Healthcare Holdings, Inc.)

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Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, at any time and from time to time, to prepay any Revolving Loans under any Revolving Facility, in whole or in part, (i) with respect to Eurodollar Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall be permitted pursuant to this Section ‎Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section ‎Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Revolving Loans shall result in the aggregate principal amount of the Eurodollar Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000. (b) All prepayments under Section ‎Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 ‎2.15 and 2.19 ‎2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section ‎Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepayment.

Appears in 1 contract

Samples: Credit Agreement (Delta Air Lines Inc /De/)

Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, at any time and from time to time, to prepay any Revolving Loans under any Revolving Facility, in whole or in part, (i) with respect to Eurodollar Term Benchmark Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided provided, further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Term Benchmark Revolving Loans shall be permitted pursuant to this Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Term Benchmark Revolving Loans shall result in the aggregate principal amount of the Eurodollar such Term Benchmark Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000. (b) All prepayments under Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof. (c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Term Benchmark Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepayment.

Appears in 1 contract

Samples: Credit Agreement (Delta Air Lines, Inc.)

Optional Prepayment of Revolving Loans. (a) The Borrower shall have may, upon notice to the rightAdministrative Agent, at any time and or from time to time, to time voluntarily prepay any the Revolving Loans under any Revolving Facility, in whole or in part, part without premium or penalty; provided that (i) with respect to Eurodollar Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is must be received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that not later than 1:00 p.m. (A) each such partial three Business Days prior to any date of prepayment shall be in an amount not less than $5,000,000 of Eurodollar Rate Revolving Loans and in integral multiples of $1,000,000, (B) no on the date of prepayment of Base Rate Revolving Loans; (ii) any prepayment of Eurodollar Rate Revolving Loans shall be permitted pursuant in a principal amount of $500,000 or a whole multiple of $250,000 in excess thereof; and (iii) any prepayment of Base Rate Revolving Loans shall be in a principal amount of $250,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Revolving Loans to this Section 2.13(a) other than be prepaid. The Administrative Agent will promptly notify each Revolving Lender of its receipt of each such notice, and of the amount of such Revolving Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial date specified therein. Any prepayment of a Borrowing of Eurodollar Rate Revolving Loans shall result in the aggregate principal amount of the Eurodollar Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000. (b) All prepayments under Section 2.13(a) Loan shall be accompanied by all accrued but unpaid interest on the principal amount being prepaid prepaid, together with any additional amounts required pursuant to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof. (c) Section 3.05. Each notice of such prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of be applied to the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the applicable Revolving Facility of the principal amount of the Revolving Loans held by such Lender which are to be prepaid, the prepayment date and the manner of application of the prepaymentLenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (EPL Intermediate, Inc.)

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