Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, 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 Section 3.3 may be made only on the last day of the Interest Period relating thereto unless breakage costs described in Section 5.10 in connection therewith are paid by the Borrower. The Borrower shall give the Administrative Agent, no later than 11:00 a.m., Boston time, on such day written notice of any proposed prepayment pursuant to this Section 3.3 of Prime Rate Loans, and no later than 12:00 noon, Boston time, three (3) Eurodollar Business Days notice of any proposed prepayment pursuant to this Section 3.3 of Fixed Rate Loans or Eurodollar Rate Loans, in each case specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Rate Loans, second to the principal of Prime Rate Loans and third to the principal of Eurodollar Rate Loans. Each partial prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED that any full or partial prepayment repayment of the outstanding amount of any Eurodollar Rate Loans pursuant to this Section 3.3 2.7 may be made only on the last day of the Interest Period relating thereto unless breakage the Borrower pays each Bank, in accordance with Section 3.10, the costs described in Section 5.10 in connection therewith are paid and expenses incurred by such Bank as a result of the Borrowerrepayment of such Eurodollar Rate Loan on a day other than the last day of the Interest Period relating thereto. The Borrower shall give the Administrative Agent, prior written notice no later than 11:00 a.m.10:00 a. m., Boston time, on such day written notice the date of any proposed prepayment repayment pursuant to this Section 3.3 2.7 of Prime Base Rate Loans, and no later than 12:00 noon, Boston time, three (3) Eurodollar Business Days Days' notice of any proposed prepayment repayment pursuant to this Section 3.3 2.7 of Fixed Rate Loans or Eurodollar Rate Loans, in each case specifying the proposed date of prepayment repayment of such Revolving Credit Loans and and, the principal amount to be prepaidrepaid. Each such partial prepayment repayment of the Revolving Credit Loans shall be in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof5,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid repaid to the date of prepayment repayment and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Rate Loans, second to the principal of Prime Base Rate Loans and third then to the principal of Eurodollar Rate Loans. Each partial prepayment repayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each LenderBank's applicable Revolving Credit NoteNote being repaid, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED provided that any full or partial prepayment repayment of the outstanding amount of any Eurodollar Eurocurrency Rate Loans or Competitive Bid Loan pursuant to this Section 3.3 §2.7 may be made only on the last day of the Interest Period relating thereto unless breakage the Borrower pays each Lender, or, in the case of a Competitive Bid Loan, the applicable Lender, in accordance with §4.10, the costs described in Section 5.10 in connection therewith are paid and expenses incurred by such Lender as a result of the Borrowerrepayment of such Eurocurrency Rate Loan or, as the case may be, Competitive Bid Loan on a day other than the last day of the Interest Period relating thereto. The Borrower shall give the Administrative Agent, prior written notice no later than 11:00 a.m.1:00 p.m., Boston (New York time), on such day written notice the date of any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Prime Base Rate Loans, no later than 1:00 p.m., (New York time), three (3) Business Days’ prior to any proposed repayment pursuant to this §2.7 of Eurocurrency Rate Loans denominated in Dollars and Competitive Bid Loans, and no later than 12:00 noon1:00 p.m., Boston (New York time), three four (34) Eurodollar Business Days notice Days’ (or five (5), in the case of prepayment of Eurocurrency Rate Loans denominated in Special Notice Currencies) prior to any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Fixed Eurocurrency Rate Loans or Eurodollar Rate Loansdenominated in an Alternative Currency, in each case specifying the proposed date of prepayment repayment of such Revolving Credit Loans and and, the principal amount to be prepaidrepaid. Each such partial prepayment repayment of the Revolving Credit Loans shall be in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment 5,000,000 and shall be applied, in the case of Syndicated Loans, in the absence of instruction by the Borrower, first to the principal of Fixed Base Rate Loans, second Loans and then to the principal of Prime Eurocurrency Rate Loans and third and, in the case of a Competitive Bid Loan, to the principal of Eurodollar Rate Loanssuch Competitive Bid Loan. Each partial prepayment repayment of Syndicated Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of the Syndicated Loans made by each Lender's Revolving Credit NoteLender being repaid, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED provided that any full or partial prepayment repayment of the outstanding amount of any Eurodollar Eurocurrency Rate Loans pursuant to this Section 3.3 §2.7 may be made only on the last day of the Interest Period relating thereto unless breakage the Borrower pays each Lender in accordance with §4.10 the costs described in Section 5.10 in connection therewith are paid and expenses incurred by such Lender as a result of the Borrowerrepayment of such Eurocurrency Rate Loan on a day other than the last day of the Interest Period relating thereto. The Borrower shall give the Administrative Agent, Agent prior written notice no later than 11:00 a.m., Boston (a) 1:00 p.m. (New York time, ) on such day written notice the date of any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Prime Base Rate Loans, and no later than 12:00 noon, Boston (b) 1:00 p.m. (New York time), three (3) Eurodollar Business Days notice of prior to any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Fixed Eurocurrency Rate Loans denominated in Dollars, and (c) 1:00 p.m. (New York time), four (4) Business Days (or Eurodollar five (5), in the case of prepayment of Eurocurrency Rate LoansLoans denominated in Australian Dollars or Special Notice Currencies) prior to any proposed repayment pursuant to this §2.7 of Eurocurrency Rate Loans denominated in an Alternative Currency, in each case specifying the proposed date of prepayment repayment of such Revolving Credit Loans and the principal amount to be prepaidrepaid. Each such partial prepayment repayment of the Revolving Credit Loans shall be in a minimum aggregate principal amount of $1,000,000 5,000,000 or an integral a whole multiple of $500,000 1,000,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment thereof and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Base Rate Loans, second Loans and then to the principal of Prime Rate Loans and third to the principal of Eurodollar Eurocurrency Rate Loans. Each partial prepayment shall repayment of Revolving Credit Loans shall, subject to §4.16, be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender's the Revolving Credit NoteLoans made by each Lender being repaid, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 1 contract
Samples: Credit Agreement (Staples Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay prepay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a in whole or in part, at any time without penalty or premium, PROVIDED ; provided that any full or partial prepayment of the outstanding amount of any Eurodollar Eurocurrency Rate Loans pursuant to this Section 3.3 may not be made only on prepaid unless the last day Borrower pays the Eurocurrency Breakage Costs for each Eurocurrency Rate Loan so prepaid at the time of the Interest Period relating thereto unless breakage costs described in Section 5.10 in connection therewith are paid by the Borrowersuch prepayment. The Borrower shall give the Administrative Agent, Agent no later than 11:00 10:00 a.m., Boston timeat least (A) one (1) Business Day’s prior written notice of any prepayment pursuant to this §4.2 of any Base Rate Loans, on such day written (B) three (3) Business Days’ notice of any proposed prepayment pursuant to this Section 3.3 §4.2 of Prime Eurocurrency Rate LoansLoans denominated in Dollars, and no later than 12:00 noon(C) four (4) Business Days’ (or five (5) Business Days’, Boston time, three (3in the case of prepayment of Loans denominated in Special Notice Currencies) Eurodollar Business Days notice of any proposed prepayment pursuant to this Section 3.3 §4.2 of Fixed Eurocurrency Rate Loans or Eurodollar Rate Loansdenominated in Alternative Currencies, in each case specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in a minimum aggregate an amount of equal to $1,000,000 500,000 or an integral multiple of $500,000 100,000 in excess thereofthereof or, if less, the outstanding balance of the Revolving Credit Loans then being repaid, shall be accompanied by the payment of all charges, if any, outstanding on all Revolving Credit Loans so prepaid and of all accrued interest on the principal prepaid to the date of prepayment payment, and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Base Rate Loans, second Loans and then to the principal of Prime Rate Loans and third to the principal of Eurodollar Eurocurrency Rate Loans. Each partial prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 1 contract
Samples: Revolving Credit Agreement (Boston Properties LTD Partnership)
Optional Repayments of Revolving Credit Loans. The Borrower shall --------------------------------------------- have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED provided that any full or partial prepayment of the outstanding amount -------- of any Eurodollar Rate Loans pursuant to this Section 3.3 (S)3.3 may be made only on the last day of the Interest Period relating thereto unless breakage costs described in Section 5.10 in connection therewith are paid by the Borrowerthereto. The Borrower shall give the Administrative Agent, no later than 11:00 10:00 a.m., Boston time, on such day at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this Section 3.3 (S)3.3 of Prime Base Rate Loans, and no later than 12:00 noon, Boston time, three (3) Eurodollar Business Days notice of any proposed prepayment pursuant to this Section 3.3 (S)3.3 of Fixed Rate Loans or Eurodollar Rate Loans, in each case specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Rate Loans, second to the principal of Prime Base Rate Loans and third then to the principal of Eurodollar Rate Loans, at the Agent's option. Each partial prepayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each LenderBank's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED provided that any full or partial prepayment repayment of the outstanding amount of any Eurodollar Eurocurrency Rate Loans pursuant to this Section 3.3 §2.7 may be made only on the last day of the Interest Period relating thereto unless breakage the Borrower pays each Lender in accordance with §4.10, the costs described in Section 5.10 in connection therewith are paid and expenses incurred by such Lender as a result of the Borrowerrepayment of such Eurocurrency Rate Loan on a day other than the last day of the Interest Period relating thereto. The Borrower shall give the Administrative Agent, Agent prior written notice no later than 11:00 a.m., Boston (a) 1:00 p.m. (New York time, ) on such day written notice the date of any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Prime Base Rate Loans, and no later than 12:00 noon, Boston (b) 1:00 p.m. (New York time), three (3) Eurodollar Business Days notice of prior to any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Fixed Eurocurrency Rate Loans denominated in Dollars, and (c) 1:00 p.m. (New York time), four (4) Business Days (or Eurodollar five (5), in the case of prepayment of Eurocurrency Rate LoansLoans denominated in Australian Dollars or Special Notice Currencies) prior to any proposed repayment pursuant to this §2.7 of Eurocurrency Rate Loans denominated in an Alternative Currency, in each case specifying the proposed date of prepayment repayment of such Revolving Credit Loans and the principal amount to be prepaidrepaid. Each such partial prepayment repayment of the Revolving Credit Loans shall be in a minimum aggregate principal amount of $1,000,000 5,000,000 or an integral a whole multiple of $500,000 1,000,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment thereof and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Base Rate Loans, second Loans and then to the principal of Prime Rate Loans and third to the principal of Eurodollar Eurocurrency Rate Loans. Each partial prepayment shall repayment of Revolving Credit Loans shall, subject to §4.16, be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender's the Revolving Credit NoteLoans made by each Lender being repaid, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 1 contract
Samples: Credit Agreement (Staples Inc)
Optional Repayments of Revolving Credit Loans. The Borrower Borrowers shall have the right, at its their election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED provided that any full or partial prepayment of the outstanding amount of any Eurodollar Eurocurrency Rate Loans pursuant to this Section 3.3 may be made only other than on the last day of the Interest Period relating thereto unless breakage shall be subject to the payment of any additional costs described in Section 5.10 in connection therewith are paid incurred by the Borrowerany Lender. The Borrower Borrowers shall give the Administrative Agent, no later than 11:00 a.m.10:00 a.m. (Eastern time), Boston time, on such day at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this Section 3.3 of Prime Base Rate Loans, Loans or Eurocurrency Rate Loans denominated in Dollars and no later than 12:00 noon, Boston time, three four (34) Eurodollar Business Days notice of any proposed prepayment pursuant to this Section 3.3 of Fixed Eurocurrency Rate Loans or Eurodollar Rate Loansdenominated in an Optional Currency, in each case specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in a minimum aggregate the amount of $1,000,000 2,000,000 or an integral a multiple of $500,000 1,000,000 in excess thereofthereof (or the equivalent thereof in an Optional Currency), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Fixed Base Rate Loans, second Loans and then to the principal of Prime Rate Loans and third to the principal of Eurodollar Eurocurrency Rate Loans. Each partial prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall have the right, at its election, to repay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a whole or in part, at any time without penalty or premium, PROVIDED provided that any full or partial prepayment repayment of the outstanding amount of any Eurodollar Eurocurrency Rate Loans pursuant to this Section 3.3 §2.7 may be made only on the last day of the Interest Period relating thereto unless breakage the Borrower pays each Lender in accordance with §4.10, the costs described in Section 5.10 in connection therewith are paid and expenses incurred by such Lender as a result of the Borrowerrepayment of such Eurocurrency Rate Loan on a day other than the last day of the Interest Period relating thereto. The Borrower shall give the Administrative Agent, Agent prior written notice no later 47438543.7 than 11:00 a.m., Boston (a) 1:00 p.m. (New York time, ) on such day written notice the date of any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Prime Base Rate Loans, and no later than 12:00 noon, Boston (b) 1:00 p.m. (New York time), three (3) Eurodollar Business Days notice of prior to any proposed prepayment repayment pursuant to this Section 3.3 §2.7 of Fixed Eurocurrency Rate Loans denominated in Dollars, and (c) 1:00 p.m. (New York time), four (4) Business Days (or Eurodollar five (5), in the case of prepayment of Eurocurrency Rate LoansLoans denominated in Australian Dollars or Special Notice Currencies) prior to any proposed repayment pursuant to this §2.7 of Eurocurrency Rate Loans denominated in an Alternative Currency, in each case specifying the proposed date of prepayment repayment of such Revolving Credit Loans and the principal amount to be prepaidrepaid. Each such partial prepayment repayment of the Revolving Credit Loans shall be in a minimum aggregate principal amount of $1,000,000 5,000,000 or an integral a whole multiple of $500,000 1,000,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment thereof and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Base Rate Loans, second Loans and then to the principal of Prime Rate Loans and third to the principal of Eurodollar Eurocurrency Rate Loans. Each partial prepayment shall repayment of Revolving Credit Loans shall, subject to §4.16, be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender's the Revolving Credit NoteLoans made by each Lender being repaid, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.
Appears in 1 contract
Samples: Credit Agreement (Staples Inc)
Optional Repayments of Revolving Credit Loans. The Borrower shall --------------------------------------------- have the right, at its election, to repay prepay the outstanding amount of the Revolving Credit Loans and Fixed Rate Loans, as a in whole or in part, at any time without penalty or premium, PROVIDED ; provided that any full or partial prepayment of the outstanding amount of any Revolving Credit Eurodollar -------- Rate Loans may not be prepaid unless the Borrower pays the Eurodollar Breakage Costs for each Revolving Credit Eurodollar Rate Loans pursuant to this Section 3.3 may be made only on Loan so prepaid at the last day time of the Interest Period relating thereto unless breakage costs described in Section 5.10 in connection therewith are paid by the Borrowersuch prepayment. The Borrower shall give the Administrative AgentAgent (with copies for each Bank), no later than 11:00 10:00 a.m., Boston time, on such day at least two (2) Business Days' prior written notice of any prepayment pursuant to this (S)3.2 of any Base Rate Loans, and at least four (4) Eurodollar Business Days' notice of any proposed prepayment pursuant to this Section 3.3 (S)3.2 of Prime Rate Loans, and no later than 12:00 noon, Boston time, three (3) Eurodollar Business Days notice of any proposed prepayment pursuant to this Section 3.3 of Fixed Rate Loans or Revolving Credit Eurodollar Rate Loans, in each case specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof100,000, or, if less, the outstanding balance of the Revolving Credit Loans then being repaid, shall be accompanied by the payment of all charges outstanding on all Revolving Credit Loans so prepaid and of all accrued interest on the principal prepaid to the date of prepayment payment, and shall be applied, in the absence of instruction by the Borrower, first to the principal of Fixed Rate Loans, second to the principal of Prime Base Rate Loans and third then to the principal of Eurodollar Rate Loans. Each partial prepayment shall be allocated among , at the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each LenderAgent's Revolving Credit Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportionoption.
Appears in 1 contract