Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. The Borrower may, upon at least three Business Days' notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders the outstanding principal amounts 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 each partial prepayment shall be in an aggregate principal amount not less than $1,000,000 (or, if lower, the principal amount outstanding hereunder on the date of such prepayment) or an integral multiple of $1,000,000 in excess thereof. In the case 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(b). Except as provided in this Section 2.10 and in Section 2.11, the Borrower shall have no right to prepay any principal amount of any Advances.

Appears in 2 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)

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Optional Prepayments of Advances. The Borrower may, upon at least three Business Days' Day's notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders the outstanding principal amounts 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 each partial prepayment shall be in an aggregate principal amount not less than $1,000,000 (or, if lower, the principal amount outstanding hereunder on the date of such prepayment) or an integral multiple of $1,000,000 in excess thereof. In the case of any such prepayment of a an Adjusted CD Rate Advance, Eurodollar Rate Advance or a B Advance, the Borrower shall be obligated to reimburse the Lenders Lender(s) in respect thereof pursuant to Section 8.04(b). Except as provided in this Section 2.10 2.11 and in Section 2.112.12, the Borrower shall have no right to prepay any principal amount of any Advances.

Appears in 2 contracts

Samples: Credit Agreement (Ies Utilities Inc), Credit Agreement (Ies Utilities Inc)

Optional Prepayments of Advances. The Borrower may, upon at least three Business Days' Day's notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders the outstanding principal amounts 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 each partial prepayment shall be in an aggregate principal amount not less than $1,000,000 (or, if lower, the principal amount outstanding hereunder on the date of such prepayment) or an integral multiple of $1,000,000 in excess thereof. In the case of any such prepayment of a an Adjusted CD Rate Advance, Eurodollar Rate Advance or a B Advance, the Borrower shall be obligated to reimburse the Lenders Lender(s) in respect thereof pursuant to Section 8.04(b). Except as provided in this Section 2.10 and in Section 2.11, the Borrower shall have no right to prepay any principal amount of any Advances.

Appears in 1 contract

Samples: Credit Agreement (Ies Utilities Inc)

Optional Prepayments of Advances. The Borrower may, upon at least three Business Days' Day's notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders the outstanding principal amounts 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 each partial prepayment shall be in an aggregate principal amount not less than $1,000,000 (or, if lower, the principal amount outstanding hereunder on the date of such prepayment) or an integral multiple of $1,000,000 in excess thereof. In the case of any such prepayment of a Eurodollar Rate Advance or a B Advance, the Borrower shall be obligated to reimburse the Lenders Lender(s) in respect thereof pursuant to Section 8.04(b). Except as provided in this Section 2.10 2.11 and in Section 2.112.12, the Borrower shall have no right to prepay any principal amount of any Advances.

Appears in 1 contract

Samples: Credit Agreement (Alliant Energy Corp)

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Optional Prepayments of Advances. The Borrower may, upon at least three Business Days' notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders the outstanding principal amounts 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 each partial prepayment shall be in an aggregate principal amount not less than $1,000,000 (or, if lower, the principal amount outstanding hereunder on the date of such prepayment) or an integral multiple of $1,000,000 in excess thereof. In the case 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(b). Except as provided in this Section 2.10 2.11 and in Section 2.112.12, the Borrower shall have no right to prepay any principal amount of any Advances.

Appears in 1 contract

Samples: Credit Agreement (Alliant Energy Corp)

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