Common use of Optional Repayments of Loans Clause in Contracts

Optional Repayments of Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided that in the case of any full or partial prepayment of the outstanding amount of any Loans prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to §3.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas time), at least two (2) Business Days’ prior notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in Euros, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) in excess thereof. Each repayment pursuant to this §2.9 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstanding, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

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Optional Repayments of Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided that in the case of any full or partial prepayment of the outstanding amount of any Revolving Credit Loans prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders Banks in respect thereof pursuant to §Section 3.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas Boston time), at least two (2) Eurodollar Business Days’ prior ' notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in EurosRevolving Credit Loans, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Revolving Credit Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) 3,000,000 or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) 250,000 in excess thereof. Each partial payment of Swing Line Loans shall be in an amount of $10,000 or an integral multiple thereof. Each repayment pursuant to this §2.9 Section 2.8 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Revolving Credit Loans shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstandingBank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. §2.10, and each partial repayment of Swing Line Loans shall be allocated as described in Section 2.9(d) below.

Appears in 1 contract

Samples: Credit Agreement (United States Cellular Corp)

Optional Repayments of Loans. The Borrower Borrowers shall have the right, at its their election, to repay the outstanding amount of any the Revolving Credit Loans, as a whole or in part, at any time without penalty or premium; , provided that in the case of any full or partial prepayment of the outstanding amount of any Eurocurrency Rate Loans prior pursuant to this §3.3 made other than on the end last day of the Interest Period applicable thereto, the Borrower relating thereto shall be obligated subject to reimburse the Lenders payment of any additional costs described in respect thereof pursuant to §3.35.10 incurred by any applicable Lender. The Borrower Borrowers shall give the Administrative Agent, no later than 11:00 10:00 a.m. (Dallas Eastern time), at least two one (21) Business Days’ Day prior written notice of any proposed repayment prepayment pursuant to this §3.3 of Base Rate Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in EurosEurocurrency Rate Loans, in each case specifying the proposed date of repayment prepayment of applicable Loans and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writingprepaid. Each such partial payment prepayment of the applicable Loans shall be in a minimum the amount of $5,000,000 (2,000,000 or the Dollar Equivalent thereof if in Euros) or an integral a multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) in excess thereof. Each repayment pursuant to this §2.9 , shall be accompanied by the payment of accrued interest on the principal repaid prepaid to the date of paymentprepayment and shall be applied, in the absence of instruction by the Borrowers, first to the principal of the Loans to be repaid which are Base Rate Loans and then to the principal of the Loans to be repaid which are Eurocurrency Rate Loans. Each such partial repayment of Loans prepayment shall be allocated among the applicable Lenders, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstandingapplicable Note(s), with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (Borders Group Inc)

Optional Repayments of Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided that in the case of any full or partial prepayment of the outstanding amount of any LIBOR Loans such prepayment shall occur only on the last day of an Interest Period for such LIBOR Loan and if such prepayment is made prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders Banks in respect thereof pursuant to §Section 3.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas time), Agent at least two three (23) Business Days’ prior ' notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in EurosLoans, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) 500,000 or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) 100,000 in excess thereof. Each repayment pursuant to this §2.9 Section 2.8 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Loans shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstandingBank's Note, with adjustments to the extent practicable to equalize any prior repayments or prepayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (Allbritton Communications Co)

Optional Repayments of Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided that in the case of any full or partial prepayment of the outstanding amount of any Eurodollar Loans prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to §3.34.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas Houston time), at least two (2) Business Days’ prior notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in EurosLoans, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) in excess thereof. Each repayment pursuant to this §2.9 2.7 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstanding, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (United States Cellular Corp)

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Optional Repayments of Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided that in the case of any full or partial prepayment of the outstanding amount of any Eurodollar Rate Loans such prepayment shall occur only on the last day of an Interest Period for such Eurodollar Rate Loan and if such prepayment is made prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders Banks in respect thereof pursuant to §3.3ss.3.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas time), Agent at least two three (23) Business Days’ prior ' notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in EurosLoans, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) 500,000 or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) 100,000 in excess thereof. Each repayment pursuant to this §2.9 ss.2.8 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Loans shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstandingBank's Note, with adjustments to the extent practicable to equalize any prior repayments or prepayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Credit Agreement (Allbritton Communications Co)

Optional Repayments of Loans. The Borrower shall have the ------------------------------ right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided that in the case of any full or partial prepayment of the outstanding amount of any Eurodollar Loans prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to §3.3Section 4.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas Houston time), at least two (2) Business Days’ prior ' notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior notice of any proposed repayment of Loans denominated in EurosLoans, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) in excess thereof. Each repayment pursuant to this §2.9 Section 2.8 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstanding's Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (United States Cellular Corp)

Optional Repayments of Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of any Loans, as a whole or in part, at any time without penalty or premium; provided PROVIDED that in the case of any full or partial prepayment of the outstanding amount of any Loans prior to the end of the Interest Period applicable thereto, the Borrower shall be obligated to reimburse the Lenders Banks in respect thereof pursuant to §Section 3.3. The Borrower shall give the Administrative Agent, no later than 11:00 a.m. (Dallas Boston time), at least two (2) Business Days’ prior ' notice of any proposed repayment of Loans denominated in Dollars or three (3) Business Days’ prior ' notice of any proposed repayment of Loans denominated in Euros, in each case specifying the proposed date of repayment and the principal amount to be paid, which notice, if not in writing, shall be promptly confirmed in writing. Each such partial payment of Loans shall be in a minimum amount of $5,000,000 (or the Dollar Equivalent thereof if in Euros) or an integral multiple of $1,000,000 (or the Dollar Equivalent thereof if in Euros) in excess thereof. Each repayment pursuant to this §Section 2.9 shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment. Each such partial repayment of Loans shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of each Lender’s Loans then outstandingBank's Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. §2.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

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