Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. The Company may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepayment, in the case of Term Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Term Rate Advance, the Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

Appears in 2 contracts

Samples: Term Loan Agreement (Eastman Chemical Co), Term Loan Agreement (Eastman Chemical Co)

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Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. 12:00 P.M. (noon) (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof thereof, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (yz) in the event of any such prepayment of a Term Eurodollar Rate AdvanceAdvance made prior to the last day of any Interest Period, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(f).

Appears in 2 contracts

Samples: Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Hillenbrand, Inc.), Credit Agreement (Hill-Rom Holdings, Inc.)

Optional Prepayments of Advances. The Company mayUpon notice, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepayment, in the case of Term Rate Advances, and given not later than 11:00 A.M. a.m. (New York City time) on the date of a proposed prepayment for Base Rate Advances and on the third Business Day prior to the date of such prepayment, in the case of Base prepayment for Eurodollar Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepaymenteach Borrower may, and if such notice is given the Company such Borrower shall, prepay the outstanding principal amount amounts of the Advances comprising constituting 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 (xi) each partial prepayment of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $5,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof (or, if less, the aggregate amount of all Advances constituting the same Borrowing), and (yii) in the event case of any such prepayment of a Term Eurodollar Rate Advance, the Company such Borrower shall be obligated to reimburse the Lenders Banks in respect thereof pursuant to Section 9.04(c8.04(b). Except as provided in this Section 2.11, no Borrower shall have any right to prepay any principal amount of any Advances.

Appears in 2 contracts

Samples: Credit Agreement (Uil Holdings Corp), Credit Agreement (Uil Holdings Corp)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepaymentDays’ notice, in the case of Term Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances and Swingline Advances, to the Administrative Agent (and, in the case of a Swingline Advance, the Swingline Bank) stating the proposed date and aggregate principal amount of the prepayment, and and, if such notice is given given, the Company shall, 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 of Advances shall be in an aggregate principal a minimum amount of not less than the Borrowing Minimum $5,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (American Electric Power Co Inc), Credit Agreement (American Electric Power Co Inc)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $3,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Everest Re Group LTD), Credit Agreement (Everest Re Group LTD)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepaymentDays’ notice, in the case of Term Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances and Swingline Advances, to the Administrative Agent (and, in the case of a Swingline Advance, the Swingline Bank) stating the proposed date and aggregate principal amount of the prepayment, and and, if such notice is given given, the Company shall, 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 of Advances shall be in an aggregate principal a minimum amount of not less than the Borrowing Minimum $5,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Southwestern Electric Power Co), Credit Agreement (Southwestern Electric Power Co)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities three (3) Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such 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 Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $25.0 million or a Borrowing Multiple an integral multiple of $5.0 million in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c9.04(d); provided, further, that any such notice may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of a specific transaction.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement (Twenty-First Century Fox, Inc.)

Optional Prepayments of Advances. The Company mayBorrower may prepay Advances, (i) upon notice at least two U.S. Government Securities Business Days prior to the date of such prepaymentDays’ notice, in the case of Term SOFR Rate Advances, and (ii) upon notice not later than 11:00 A.M. 12:00 noon (New York City timeTime) on the date of such prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and and, if such notice is given given, the Company shall, Borrower shall prepay the outstanding principal amount of the Advances 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $1,000,000 or a Borrowing Multiple an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Adjusted Term Rate SOFR Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the relevant Facility, the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Advances made to the Borrower 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Appropriate Lenders in respect thereof pursuant to Section 9.04(c8.04(c). Each such prepayment of any Tranche B Advances shall be applied to the installments thereof specified by the Borrower in its prepayment notice (or, if not so specified, shall be applied pro rata to all remaining installments thereof).

Appears in 1 contract

Samples: Term Loan Credit Agreement (At&t Inc.)

Optional Prepayments of Advances. The Company mayBorrower may at any time, and from time to time, without premium or penalty, upon notice at least two U.S. Government Securities three Business Days prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company shall, 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(e). Notwithstanding the foregoing, any such notice of prepayment may state that such notice is conditioned upon the effectiveness of any other transaction or event, in which case such notice may, subject to Section 8.04(e), be revoked by the Borrower (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied.

Appears in 1 contract

Samples: Credit Agreement (Emc Corp)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities one Business Days prior Day’s notice to the date of such prepayment, in the case of Term Rate Advances, and Administrative Agent not later than 11:00 A.M. 12:00 noon (New York City time) on the date of such prepayment, in the case of for Base Rate Advances, and upon at least two (2) Business Days’ notice to the Administrative Agent not later than 12:00 noon (New York City time) for Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Revolving Credit 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 (xa) each partial prepayment of Revolving Credit Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $1,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (yb) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Ovintiv Credit Agreement (Ovintiv Inc.)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Advances made to the Borrower 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities three Business Days Days' prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the relevant Facility, the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Advances made to the Borrower 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Appropriate Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Term Loan Credit Agreement (At&t Inc.)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities one Business Days prior Day’s notice to the date of such prepayment, in the case of Term Rate Advances, and Administrative Agent not later than 11:00 A.M. 12:00 noon (New York City time) on the date of such prepayment, in the case of for Base Rate Advances, and upon at least two (2) Business Days’ notice to the Administrative Agent not later than 12:00 noon (New York City time) for Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances or Swing Line Advances, as the case may be, 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 (xa) each partial prepayment of (i) Revolving Credit Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $1,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (yii) Swing Line Advances shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and (b) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Encana Corp)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a an integral multiple of the Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

Appears in 1 contract

Samples: Day Credit Agreement (Omnicom Group Inc.)

Optional Prepayments of Advances. The Company Each Borrower may, upon notice at least two U.S. Government Securities three Business Days prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Paying Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company such 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company applicable Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

Appears in 1 contract

Samples: Day Credit Agreement (Goodrich Corp)

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Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities one (1) Business Days prior Days’ notice to the date of such prepayment, in the case of Term Rate Advances, and Administrative Agent not later than 11:00 A.M. 12:00 noon (New York City time) on the date of such prepayment, in the case of for Base Rate Advances, and upon at least two (2) Business Days’ notice to the Administrative Agent not later than 12:00 noon (New York City time) for Term Benchmark Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Revolving Credit 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 (xa) each partial prepayment of Revolving Credit Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $1,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (yb) in the event of any such prepayment of a Term Rate Benchmark Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Ovintiv Inc.)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Revolving Credit Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $5,000,000 or a Borrowing Multiple multiple of $1,000,000 in excess thereof thereof, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (yz) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

Appears in 1 contract

Samples: Credit Agreement (Sra International Inc)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepayment, in the case of Term Rate Advances, and Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date of such prepayment, in the case of for Base Rate Advances, to the Agent and upon at least three Business Days’ notice for Eurocurrency Rate Advances, in each case stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay in whole or ratably in part the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, made to the Borrower together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not $10,000,000 or an integral multiple of $1,000,000 (or comparable amounts determined by the Agent in the case of Alternate Currency) in excess thereof, (y) no partial prepayment of any Borrowing of Alternate Currency Advances shall be made if, after giving effect thereto, the Dollar Amount thereof would be less than the Borrowing Minimum or a Borrowing Multiple in excess thereof $10,000,000 and (yz) in the event of any such prepayment of a Term Eurocurrency Rate AdvanceAdvances, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c)2.17.

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Oracle Corp)

Optional Prepayments of Advances. The Company Any Borrower may, upon notice at least two U.S. Government Securities to the Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Days Day prior to the date of such proposed prepayment, in the case of Term Rate SOFR Advances, and not later than 11:00 A.M. (New York City time) on the date day of such proposed prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepaymentand, and if such notice is given the Company such 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Rate SOFR Advance, the Company such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c9.04(d). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Appears in 1 contract

Samples: Credit Agreement (Hershey Co)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepayment, in the case of Term Rate Advances, and Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date of such prepayment, in the case of for Base Rate Advances, to the Agent and upon at least three Business Days’ notice for Eurocurrency Rate Advances, in each case stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay in whole or ratably in part the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, made to the Borrower together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not $10,000,000 or an integral multiple of $1,000,000 (or comparable amounts determined by the Agent in the case of Alternate Currencies) in excess thereof, (y) no partial prepayment of any Borrowing of Alternate Currency Advances shall be made if, after giving effect thereto, the Dollar Amount thereof would be less than the Borrowing Minimum or a Borrowing Multiple in excess thereof $10,000,000 and (yz) in the event of any such prepayment of a Term Eurocurrency Rate AdvanceAdvances, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c)2.17.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oracle Corp)

Optional Prepayments of Advances. The Company Any Borrower may, upon notice at least two U.S. Government Securities to the Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Days Day prior to the date of such proposed prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date day of such proposed prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepaymentand, and if such notice is given the Company such 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c9.04(d). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Appears in 1 contract

Samples: Credit Agreement (Hershey Co)

Optional Prepayments of Advances. The Company Borrower may, at any time on or after the first anniversary of the Effective Date and upon notice at least two U.S. Government Securities Business Days Days’ prior to the 15 CA, Inc. Credit Agreement date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in partpart without premium or penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof $10,000,000 and (y) in the event of any such prepayment of a Term Eurodollar Rate Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).

Appears in 1 contract

Samples: Assignment and Assumption (Ca, Inc.)

Optional Prepayments of Advances. The Company may, upon notice at least two U.S. Government Securities to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Days Day prior to the date of such proposed prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date day of such proposed prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepaymentand, and if such notice is given given, the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum $10,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Eurodollar Rate AdvanceAdvance other than on the last day of the Interest Period therefor, the Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

Appears in 1 contract

Samples: Term Loan Agreement (Honeywell International Inc)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days Days’ prior to the date of such prepayment, in the case of Term Eurodollar Rate Advances, and not later than 11:00 A.M. 12:00 P.M. (noon) (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Company 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 of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof thereof, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (yz) in the event of any such prepayment of a Term Eurodollar Rate AdvanceAdvance made prior to the last day of any Interest Period, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).to

Appears in 1 contract

Samples: Credit Agreement (Dollar General Corp)

Optional Prepayments of Advances. The Company Borrower may, upon notice at least two U.S. Government Securities Business Days prior to the date of such prepaymentDays’ notice, in the case of Term Rate Eurodollar RateSOFR Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances or LIBOR Market Index Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and and, if such notice is given given, the Company shall, 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 of Advances shall be in an aggregate principal a minimum amount of not less than the Borrowing Minimum $5,000,000 or a Borrowing Multiple an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term Rate Eurodollar RateSOFR Advance, the Company Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c8.04(c).. SECTION 2.15

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

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