Common use of Optional Repayments Clause in Contracts

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 (a “Notice of Prepayment”), specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of Revolving Loans, Competitive Bid Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Choice Hotels International Inc /De)

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Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days' irrevocable notice to the Administrative Agent with respect to Eurocurrency LoansLIBOR Rate Loans denominated in an Alternative Currency, upon at least three two (32) Business Days' irrevocable notice to the Administrative Agent with respect to Eurodollar and Competitive Bid Base Rate Loans and upon LIBOR Market Rate Loans denominated in an Alternative Currency and same Business Day irrevocable notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Base Rate Loans, LIBOR Market Rate Loans and Swingline LoansLIBOR Rate Loans denominated in Dollars, substantially in the form attached hereto as Exhibit A-7 D (a "Notice of Prepayment”), ") specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving Base Rate Loans, Competitive Bid Loans, Swingline Loans, LIBOR Market Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR LoansLIBOR Rate Loans denominated in an Alternative Currency or denominated in Dollars, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 50,000 in excess thereof with respect to ABR Base Rate Loans and Swingline Loans, (ii) LIBOR Market Rate Loans and $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below.

Appears in 1 contract

Samples: Unconditional Guaranty Agreement (Quintiles Transnational Corp)

Optional Repayments. The Each Revolving Borrower may at any time and from time to time repay the LoansRevolving Credit Loans made to it, in whole or in part, upon (i) at least four three (43) Business Days’ Days irrevocable notice by the Parent Borrower (on its own behalf or on behalf of the relevant Subsidiary Borrower) to the Administrative Agent with respect to Eurocurrency LoansRate Loans (which shall include Dollar Eurocurrency Rate Loans and/or Eurocurrency Rate Loans denominated in Euros, Sterling or any Optional Currency) and (ii) upon at least three one (31) Business Days’ Day irrevocable notice by the Parent Borrower (on its own behalf or on behalf of the relevant Subsidiary Borrower) to the Administrative Agent with respect to Eurodollar and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Alternate Base Rate Loans, substantially in the form attached hereto as Exhibit A-7 C (a “Notice of Prepayment”), ) specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving Loans, Competitive Bid Loans, Swingline A Credit Loans and/or Revolving B Credit Loans and of Eurocurrency Rate Loans and/or Alternate Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, or a combination thereof, and, if of a combination thereofcombination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Revolving A Lender or Revolving B Lender, as applicable. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 1,000,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Alternate Base Rate Loans, (ii) and $3,000,000 5,000,000 or a whole multiple of $1,000,000 l,000,000 in excess thereof (or such other amount as may be satisfactory to the Administrative Agent) with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below.

Appears in 1 contract

Samples: Joinder Agreement (Brinks Co)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency LoansLoans and RFR Loans denominated in Sterling, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar Loans, RFR Loans denominated in Dollars and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 A-3 (a “Notice of Prepayment”) (which notices shall be irrevocable unless the Borrower specifies in the Notice of Prepayment that such prepayment is contingent on the consummation of an anticipated transaction, in which case the Borrower shall, as promptly as practicable, notify the Administrative Agent if such transaction will not occur as scheduled), specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of the Revolving Loans, Competitive Bid Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Floating Rate Loans, RFR Loans denominated in Sterling, ABR Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans, RFR Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below). For the avoidance of doubt, the Borrower shall promptly reimburse the Lenders for any amounts required to be paid under Section 2.18 as a result of the revocation of any Notice of Prepayment.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Choice Hotels International Inc /De)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days' irrevocable notice to the Administrative Agent with respect to Eurocurrency Alternative Currency Loans, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to Eurodollar and Competitive Bid LIBOR Rate Loans denominated in Dollars and upon receipt of Borrower's irrevocable notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Base Rate Loans and Swingline LoansLoans (if received prior to 11:00 a.m. (Charlotte time), otherwise, upon at least one (1) Business Days' irrevocable notice to the Administrative Agent), substantially in the form attached hereto as Exhibit A-7 (a “Notice of Prepayment”)D , specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of Revolving Credit Loans, Competitive Bid Alternative Currency Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency LoansLIBOR Rate Loans denominated in an Alternative Currency, Eurodollar LoansLIBOR Rate Loans denominated in Dollars, ABR Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) of $100,000 2,000,000 or a whole multiple of $100,000 500,000 in excess thereof with respect to ABR Base Rate Loans and (other than Swingline Loans), (ii) of $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar LIBOR Rate Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and denominated in Dollars, (iii) of $1,000,000 2,000,000 or a whole multiple of $1,000,000 in excess thereof (based upon the Alternative Currency Amount thereof) with respect to Competitive Bid LoansAlternative Currency Loans and (iv) permitted pursuant to the terms and conditions of the Sweep Plus Service Program (or as otherwise agreed to by the Swingline Lender and the Borrower). Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below4.11 hereof.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency Alternative Currency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar and Competitive Bid LIBOR Rate Loans denominated in Dollars and upon receipt of Borrower’s irrevocable notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Base Rate Loans and Swingline LoansLoans (if received prior to 11:00 a.m. (Charlotte time), otherwise, upon at least one (1) Business Days’ irrevocable notice to the Administrative Agent), substantially in the form attached hereto as Exhibit A-7 (a “Notice of Prepayment”)D , specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of Revolving Credit Loans, Competitive Bid Alternative Currency Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency LoansLIBOR Rate Loans denominated in an Alternative Currency, Eurodollar LoansLIBOR Rate Loans denominated in Dollars, ABR Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) of $100,000 2,000,000 or a whole multiple of $100,000 500,000 in excess thereof with respect to ABR Base Rate Loans and (other than Swingline Loans), (ii) of $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar LIBOR Rate Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and denominated in Dollars, (iii) of $1,000,000 2,000,000 or a whole multiple of $1,000,000 in excess thereof (based upon the Alternative Currency Amount thereof) with respect to Competitive Bid LoansAlternative Currency Loans and (iv) permitted pursuant to the terms and conditions of the Sweep Plus Service Program (or as otherwise agreed to by the Swingline Lender and the Borrower). Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below4.11 hereof.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Optional Repayments. The Each Revolving Borrower may at any time and from time to time repay the LoansRevolving Credit Loans made to it, in whole or in partpart without premium or penalty except for any amount required to be paid pursuant to Section 4.8, upon (i) at least four three (43) Business Days’ Days irrevocable notice by the Parent Borrower (on its own behalf or on behalf of the relevant Subsidiary Borrower) to the Administrative Agent with respect to Eurocurrency LoansLIBOR Rate Loans (which shall include Dollar LIBOR Rate Loans and/or LIBOR Rate Loans denominated in Euros, Sterling or any Optional Currency) and (ii) upon at least three one (31) Business Days’ Day irrevocable notice by the Parent Borrower (on its own behalf or on behalf of the relevant Subsidiary Borrower) to the Administrative Agent with respect to Eurodollar and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Alternate Base Rate Loans, substantially in each case in the form attached hereto as Exhibit A-7 C (a “Notice of Prepayment”), ) specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving Loans, Competitive Bid Loans, Swingline A Credit Loans and/or Revolving B Credit Loans and of LIBOR Rate Loans and/or Alternate Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, or a combination thereof, and, if of a combination thereofcombination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Revolving A Lender or Revolving B Lender, as applicable. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 1,000,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Alternate Base Rate Loans, (ii) and $3,000,000 5,000,000 or a whole multiple of $1,000,000 l,000,000 in excess thereof (or such other amount as may be satisfactory to the Administrative Agent) with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid LIBOR Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below.

Appears in 1 contract

Samples: Joinder Agreement (Brinks Co)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar Loans and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 A-3 (a “Notice of Prepayment”), specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of the Term Loan, Revolving Loans, Competitive Bid Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below2.05(e).

Appears in 1 contract

Samples: Credit Agreement (Choice Hotels International Inc /De)

Optional Repayments. The Borrower may at any time and from time to ------------------- time repay the Revolving Credit Loans, the Swingline Loans and, subject to the last sentence of this Section 2.5(c), the Competitive Bid Loans, in whole or in part, upon at least four three (43) Business Days' irrevocable notice to the Administrative Agent with respect to Eurocurrency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar LIBOR Rate Loans and Competitive Bid Loans and upon one (1) Business Day irrevocable notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Base Rate Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 D-1 (a "Notice of ----------- Revolving Credit Prepayment”), ") specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving LIBOR Rate Loans, Competitive Bid Base Rate Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, Competitive Bid Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 1,000,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans and Competitive Bid Loans and $500,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below5.9. The Borrower may not repay a Competitive Bid Loan other than on the last day of the applicable Interest Period without the prior written consent of the Lender which made such Competitive Bid Loan.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

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Optional Repayments. The Each Revolving Borrower may at any time and from time to time repay the LoansRevolving Credit Loans made to it, in whole or in part, upon (i) at least four three (43) Business Days’ Days irrevocable notice by the Parent Borrower (on its own behalf or on behalf of the relevant Subsidiary Borrower) to the Administrative Agent with respect to Eurocurrency LoansRate Loans (which shall include Dollar Eurocurrency Rate Loans and/or Eurocurrency Rate Loans denominated in Euros, Sterling or any Optional Currency) and (ii) upon at least three one (31) Business Days’ Day irrevocable notice by the Parent Borrower (on its own behalf or on behalf of the relevant Subsidiary Borrower) to the Administrative Agent with respect to Eurodollar and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Alternate Base Rate Loans, substantially in the form attached hereto as Exhibit A-7 C (a "Notice of Prepayment”), ") specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving Loans, Competitive Bid Loans, Swingline A Credit Loans and/or Revolving B Credit Loans and of Eurocurrency Rate Loans and/or Alternate Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, or a combination thereof, and, if of a combination thereofcombination, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Revolving A Lender or Revolving B Lender, as applicable. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 1,000,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Alternate Base Rate Loans, (ii) and $3,000,000 5,000,000 or a whole multiple of $1,000,000 l,000,000 in excess thereof (or such other amount as may be satisfactory to the Administrative Agent) with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below.

Appears in 1 contract

Samples: Credit Agreement (Brinks Co)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar Loans and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 A-3 (a “Notice of Prepayment”) (which notices shall be irrevocable unless the Borrower specifies in the Notice of Prepayment that such prepayment is contingent on the consummation of an anticipated transaction, in which case the Borrower shall, as promptly as practicable, notify the Administrative Agent if such transaction will not occur as scheduled), specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of the Revolving Loans, Competitive Bid Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Floating Rate Loans, ABR Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below). For the avoidance of doubt, the Borrower shall promptly reimburse the Lenders for any amounts required to be paid under Section 2.18 as a result of the revocation of any Notice of Prepayment.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Choice Hotels International Inc /De)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar Loans and Competitive Bid Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date of repayment with respect to ABR Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 A-3 (a “Notice of Prepayment”), specifying (i) the date of repayment, (ii) the amount of repayment, (iii) whether the repayment is of the Revolving Loans, Competitive Bid Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Floating Rate Loans, ABR Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below).

Appears in 1 contract

Samples: Credit Agreement (Choice Hotels International Inc /De)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days' irrevocable notice to the Administrative Agent with respect to Eurocurrency LoansLIBOR Rate Loans denominated in an Alternative Currency, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to Eurodollar LIBOR Rate Loans denominated in Dollars and Competitive Bid Loans Loans, one (1) Business Day's irrevocable notice with respect to Base Rate Loans, and upon irrevocable notice received no later than 2:00 12:00 p.m. (Eastern Charlotte time) on the proposed date of repayment same Business Day with respect to ABR Loans and Swingline Loans, substantially in the form attached hereto as Exhibit A-7 D (a "Notice of Prepayment"), specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving LoansLIBOR Rate Loans denominated in an Alternative Currency, LIBOR Rate Loans denominated in Dollars, Competitive Bid Loans, Swingline Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of (i) $100,000 2,500,000 or a whole multiple of $100,000 500,000 in excess thereof thereof; provided, that with respect to ABR Loans and Swingline Alternative Currency Loans, (ii) partial repayments shall be in an Alternative Currency Amount equal to $3,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof thereof; and provided further that, with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) Swingline Loans, partial repayments shall be in an aggregate amount of $1,000,000 500,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loansthereof. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below4.11.

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

Optional Repayments. The Borrower may at any time and from time to time repay the Loans, in whole or in part, upon at least four (4) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurocurrency Loans, upon at least three (3) Business Days’ irrevocable notice to the Administrative Agent with respect to Eurodollar and Competitive Bid LIBOR Rate Loans and upon notice received no later than 2:00 p.m. (Eastern time) on the proposed date same day of repayment irrevocable notice with respect to ABR Base Rate Loans and Swingline LoansLoans (provided that any such notice received by the Administrative Agent after 1:00 p.m. (New York time) shall be deemed to have been received on the next Business Day), substantially in the form attached hereto as Exhibit A-7 D (a “Notice of Prepayment”), ) specifying (i) the date of repayment, (ii) the and amount of repayment, (iii) repayment and whether the repayment is of Revolving LIBOR Rate Loans, Competitive Bid Base Rate Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each and (iv) whether the repayment is of Eurocurrency Loans, Eurodollar Loans, ABR Loans, Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate minimum amount of One Million Dollars (i$1,000,000) $100,000 or a whole multiple of One Million Dollars ($100,000 1,000,000) in excess thereof with respect to ABR Base Rate Loans and (other than Swingline Loans), Two Million Five Hundred Thousand Dollars (ii$2,500,000) with respect to LIBOR Rate Loans, and One Hundred Thousand Dollars ($3,000,000 100,000) or a whole multiple of One Hundred Thousand Dollars ($1,000,000 100,000) in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Swingline Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 2.05(d) below5.9 hereof.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

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