Common use of Optional Repayments of Revolving Credit Loans and Swing Line Loans Clause in Contracts

Optional Repayments of Revolving Credit Loans and Swing Line Loans. (a) The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and/or the Term Loan, in each case, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Eurodollar Rate Loans pursuant to this §3.3 may be made only on the last day of the Interest Period relating thereto unless breakage costs incurred by the relevant Lenders in connection therewith are paid by the Borrower in accordance with §5.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (CAI International, Inc.), Revolving Credit and Term Loan Agreement (CAI International, Inc.), Revolving Credit and Term Loan Agreement (CAI International, Inc.)

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Optional Repayments of Revolving Credit Loans and Swing Line Loans. (a) The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and/or the Term Loan, in each caseLoans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Eurodollar Rate Loans pursuant to this §3.3 may be made only on the last day of the Interest Period relating thereto unless breakage costs incurred by the relevant Lenders in connection therewith are paid by the Borrower in accordance with §5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Interpool Inc)

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Optional Repayments of Revolving Credit Loans and Swing Line Loans. (a) The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and/or the Term Loan, in each caseLoans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Eurodollar Rate Loans pursuant to this §3.3 may be made only on the last day of the Interest Period relating thereto unless breakage costs incurred by the relevant Lenders in connection therewith are paid by the Borrower in accordance with §5.

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

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