Common use of Optional Prepayment of Tranche B-1 Term Loans Clause in Contracts

Optional Prepayment of Tranche B-1 Term Loans. Each prepayment of Tranche B-1 Term Loans on or prior to the first anniversary of the Amendment Effective Date shall include the Optional Prepayment Premium on such Loans, but solely to the extent that such prepayment is made with the proceeds of Indebtedness the final maturity of which is later or the interest rate of which is lower, in each case, than the Tranche B-1 Term Loans.

Appears in 3 contracts

Samples: Credit Agreement (Windstream Corp), Credit Agreement (Windstream Corp), Amendment and Restatement Agreement (Windstream Corp)

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Optional Prepayment of Tranche B-1 Term Loans. Each prepayment of Tranche B-1 Term Loans on or prior to the first anniversary of the 2007 Amendment Effective Date shall include the Optional Prepayment Premium on such Loans, but solely to the extent that such prepayment is made with the proceeds of Indebtedness the final maturity of which is later or the interest rate of which is lower, in each case, than the Tranche B-1 Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Windstream Corp)

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