OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS Sample Clauses

OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. (a) Each Borrower shall have the right at any time, without premium or penalty, to prepay the Committed Credit Loans made to such Borrower hereunder, in whole or in part, upon telephonic notice to the Operations Agent of its intention to prepay such Committed Credit Loans prior to 1:00 p.m. (Boston time) on the date such prepayment is to be made; PROVIDED, HOWEVER, that each such prepayment (other than a prepayment in full) shall be in an amount of $1,000,000 or an integral multiple thereof; and FURTHER PROVIDED that each such telephonic notice shall be confirmed in writing not later than 1:30 p.m. (Boston time) the same day by telecopy or other facsimile transmission in the form of EXHIBIT C.
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OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. ..15 Section 4.02. Place and Mode of Payments; Computations...................16 Section 4.03. Interest...................................................18 Section 4.04. Overdue Principal and Interest.............................19 Section 4.05.
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OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. (a) The Borrower shall have the right at any time to repay any Base Rate Loans, in whole or in part, upon telephonic notice to the Bank of its intention to repay such Loan prior to 12:00 noon, Boston time, on the date such prepayment is to be made; PROVIDED, HOWEVER, that each such prepayment (except a prepayment in full) shall be made in an amount of $100,000 or an integral multiple thereof. Except as otherwise provided herein, Eurodollar Loans may only be prepaid on the last day of the applicable Interest Period, No Money Market Loans may be voluntarily prepaid.
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OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. 10 2.8 Changed Circumstances . . . . . . . . . . . . . . . . . . . . . . 11 2.9
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OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. (a) Each Borrower shall have the right at any time to repay any Base Rate Loans, in whole or in part, upon telephonic notice to the Bank of its intention to repay such
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OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. ..15 Section 4.02. Place and Mode of Payments; Computations...................16 Section 4.03. Interest...................................................18 Section 4.04. Overdue Principal and Interest.............................19 Section 4.05. Limitation on Interest.....................................19 Section 4.06. Withholding Tax Exemption..................................19 Section 4.07. Increased Capital Requirements.............................20 Section 4.08. Use of Proceeds............................................20 Section 4.09. Borrower Agents............................................21 Section 4.10. Take-out of Individual Banks...............................21 Section 4.11. Sharing of Payments; Etc...................................21 ARTICLE V. FEES............................................................22 Section 5.01. Commitment Fees............................................22 Section 5.02. Operations Agent's Fee.....................................23 Section 5.03. Administrative Agent's Fee.................................23 Section 5.04. Allocation Fee.............................................23
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OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. (a) The Borrower shall have the right at any time to prepay any Loans, in whole or in part, upon telephonic notice to the Agent received prior to 12:00 noon (Boston, Massachusetts time), on the date such prepayment is to be made. The Agent shall promptly advise the Banks of such prepayment. Each such prepayment (except a prepayment in full) shall be made in an amount of $1,000,000 or an integral multiple thereof. Eurodollar Loans may only be prepaid on the last day of the applicable Interest Period. (b) Upon any reduction of the Commitment Amounts pursuant to Section 2.4(b) hereof or otherwise, or if at any time the aggregate unpaid principal amount of Loans exceeds the aggregate outstanding Commitment Amounts, the Borrower agrees to immediately prepay the amount of such excess, together with any amounts payable pursuant to Section 2.12 hereof. (c) If at any time the aggregate unpaid principal amount of Loans shall exceed the Maximum Amount, the Borrower shall immediately prepay the amount of such excess, together with any amounts payable pursuant to Section 2.12 hereof. (d) If at any time (i) the sale or disposition of any Margin Stock would cause the aggregate unpaid principal amount of the M Portion of Loans to exceed 50% of the current market value of all Margin Stock in the Borrower's investment portfolio, or (ii) the sale or disposition of any Eligible Assets would cause the aggregate unpaid principal amount of the NM Portion of Loans to exceed 50% of the current market value of all Eligible Assets, the Borrower shall immediately prepay such excess portion of the M Portion or the NM Portion, as the case may be. Provided no Event of Default shall then have occurred, such prepayment may be effected by the simultaneous borrowing of Loans of the unaffected Portion, to the extent that the Borrower may do so in accordance with the limitations set forth in Section 2.1. (e) Upon each repayment or prepayment of any principal of any Loan pursuant to any of the provisions of this Agreement, the Borrower hereby absolutely and unconditionally promises to pay to the Banks, and there shall become absolutely due and payable on the date of each such repayment or prepayment, all of the unpaid interest accrued to such date on the amount of the principal of the Loan being repaid or prepaid on such date. Whenever any interest on and any principal of the Loans are paid simultaneously hereunder, the whole amount paid shall be applied first to interest then due and payable....
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Related to OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional and Mandatory Prepayments of Loans SECTION 2.11 Alternate Rate of Interest

  • Mandatory Prepayments Commitment Reductions 53 2.13 Application of Prepayments/Reductions............................................................................... 55 2.14 Allocation of Certain Payments and Proceeds......................................................................... 56 2.15

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000.

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