Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 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 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, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest Period, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f).

Appears in 2 contracts

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

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Optional Prepayments of Advances. The Borrower Company may, upon notice at least two U.S. Government Securities Business Days’ Days prior to the date of such prepayment, in the case of Eurodollar Term Rate Advances, and not later than 12:00 P.M. (noon) 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 Borrower 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Term Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(c).

Appears in 2 contracts

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

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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 and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(c).

Appears in 2 contracts

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

Optional Prepayments of Advances. The Borrower may, upon notice at least two three (3) Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(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 Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 2 contracts

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

Optional Prepayments of Advances. The Borrower mayUpon notice, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and given not later than 12:00 P.M. (noon) 11:00 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 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 or a Borrowing Multiple in excess thereof, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof (or, if less, the aggregate amount of all Advances constituting the same Borrowing), and (zii) in the event case of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the such Borrower shall be obligated to reimburse the Lenders Banks in respect thereof pursuant to Section 8.04(f8.04(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 Borrower may, upon notice at least two Business Days’ prior to the date of such prepaymentnotice, in the case of Eurodollar Rate RateSOFR Advances, and upon notice not later than 12:00 P.M. (noon) 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 Borrower shall, 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodRateSOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).. SECTION 2.15

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and Agent not later than 12:00 P.M. (noon) 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 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 less than $10,000,000 or an integral multiple of $1,000,000 (or comparable amounts determined by the Borrowing Minimum or a Borrowing Multiple Agent in the case of Alternate Currencies) in excess thereof, (y) each no partial prepayment of Swing Line any Borrowing of Alternate Currency Advances shall in an aggregate principal amount of not be made if, after giving effect thereto, the Dollar Amount thereof would be less than $1,000,000 10,000,000 and (z) in the event of any such prepayment of a Eurodollar Eurocurrency Rate Advance made prior to the last day of any Interest PeriodAdvances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f)2.17.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oracle Corp)

Optional Prepayments of Advances. The Borrower may, upon notice at least two one Business Days’ prior Day’s notice to the date of such prepayment, in the case of Eurodollar Rate Advances, and Administrative Agent not later than 12:00 P.M. (noon) 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 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, thereof and (yii) each partial prepayment of Swing Line Advances shall be in an aggregate principal amount of not less than $1,000,000 or an integral multiple of $500,000 in excess thereof and (zb) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Encana Corp)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and Agent not later than 12:00 P.M. (noon) 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 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 less than $10,000,000 or an integral multiple of $1,000,000 (or comparable amounts determined by the Borrowing Minimum or a Borrowing Multiple Agent in the case of Alternate Currency) in excess thereof, (y) each no partial prepayment of Swing Line any Borrowing of Alternate Currency Advances shall in an aggregate principal amount of not be made if, after giving effect thereto, the Dollar Amount thereof would be less than $1,000,000 10,000,000 and (z) in the event of any such prepayment of a Eurodollar Eurocurrency Rate Advance made prior to the last day of any Interest PeriodAdvances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f)2.17.

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Oracle Corp)

Optional Prepayments of Advances. The Borrower may, upon notice at least two three Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Appropriate Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

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

Optional Prepayments of Advances. The Borrower maymay prepay Advances, (i) upon notice at least two U.S. Government Securities Business Days’ prior to the date of such prepaymentnotice, in the case of Eurodollar SOFR Rate Advances, and (ii) upon notice not later than 12:00 P.M. (noon) 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 Borrower shall, 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdjusted Term SOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

Optional Prepayments of Advances. The Borrower may, at any time on or after the first anniversary of the Effective Date and upon notice at least two Business Days’ prior to the 15 CA, Inc. Credit Agreement date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

Samples: Assignment and Assumption (Ca, Inc.)

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Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ Days prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(c).

Appears in 1 contract

Samples: Day Credit Agreement (Omnicom Group Inc.)

Optional Prepayments of Advances. The Borrower Company may, upon notice at least two 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 Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 Borrower 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, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (zy) in the event of any such prepayment of a Eurodollar Rate Advance made prior to other than on the last day of any the Interest PeriodPeriod therefor, the Borrower Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(c).

Appears in 1 contract

Samples: Term Loan Agreement (Honeywell International Inc)

Optional Prepayments of Advances. The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(c).

Appears in 1 contract

Samples: Credit Agreement (Sra International Inc)

Optional Prepayments of Advances. The Borrower may, upon notice at least two one Business Days’ prior Day’s notice to the date of such prepayment, in the case of Eurodollar Rate Advances, and Administrative Agent not later than 12:00 P.M. (noon) 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 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, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 thereof and (zb) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

Samples: Ovintiv Credit Agreement (Ovintiv Inc.)

Optional Prepayments of Advances. The Each Borrower may, upon notice at least two three Business Days’ Days prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 P.M. (noon) 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 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the applicable Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(c).

Appears in 1 contract

Samples: Day Credit Agreement (Goodrich Corp)

Optional Prepayments of Advances. The Any Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 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, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Term SOFR Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given the 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodTerm SOFR Advance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(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 Borrower may, upon notice at least two one (1) Business Days’ prior notice to the date of such prepayment, in the case of Eurodollar Rate Advances, and Administrative Agent not later than 12:00 P.M. (noon) 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 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, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 thereof and (zb) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodTerm Benchmark Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Ovintiv Inc.)

Optional Prepayments of Advances. The Any Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 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, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given the 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, thereof and (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (z) in the event of any such prepayment of a Eurodollar Rate Advance made prior to the last day of any Interest PeriodAdvance, the such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(f9.04(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)

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