Partial Prepayment Pro Rata Sample Clauses

Partial Prepayment Pro Rata. The aggregate principal amount of each partial prepayment of Notes pursuant to Section 10.2 hereof shall be allocated among the holders of the Notes of all Series, in proportion, as nearly as practicable, to the respective percentages of the aggregate unpaid principal amount of the Notes then outstanding represented by the respective principal amount of the Note or Notes held by each such holder then outstanding, with adjustments, to the extent practicable, to compensate for any prior prepayments not made in exactly such proportion.
AutoNDA by SimpleDocs
Partial Prepayment Pro Rata. If at the time any required or optional prepayment under Section 5.1 or Section 5.2 is due there is more than one Note outstanding, the aggregate principal amount of each required or optional partial prepayment of the Notes shall be allocated among the holders of the Notes at the time outstanding in proportion to the respective unpaid principal amounts of the Notes then outstanding.
Partial Prepayment Pro Rata. If at the time any required prepayment or optional prepayment under Section 4.1 or Section 4.2 is due there is more than one Note outstanding, the aggregate principal amount of each required or optional partial prepayment of the Notes shall be allocated among the holders of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts of the Notes then outstanding, with adjustments, to the extent practicable, to equalize for any prior prepayments not in such proportion.
Partial Prepayment Pro Rata. If at the time any required or optional prepayment under Section 5.1 or Section 5.2(a), Section 5.2(c), Section 5.2(d) or Section 5.2(e) hereof is due there is more than one Amended Note outstanding, the aggregate principal amount of each required or optional partial prepayment of the Amended Notes shall be allocated among the holders of the Amended Notes at the time outstanding in proportion as nearly as practicable, to the respective unpaid principal amounts of the Amended Notes then outstanding, with adjustments, to the extent practicable, to equalize for any prior prepayments not in such proportion.
Partial Prepayment Pro Rata. If, at the time any required or optional prepayment is due under Section 5.1 or Section 5.2 hereof, there is more than one Note outstanding, the aggregate principal amount of such required or optional partial prepayment of the Notes shall be allocated among all the holders of the Notes (without regard to Series) at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof then outstanding, with adjustments, to the extent practicable, to equalize for any prior prepayments not in such proportion. For the purpose of this Section 5.3 only, any Notes reacquired by the Company shall be deemed to be outstanding for purposes of allocating required prepayments made pursuant to Section 5.1 hereof and the Company shall be deemed to be the holder thereof.
Partial Prepayment Pro Rata. Upon any partial prepayment of Notes, the principal amount so prepaid shall be allocated to all Notes at the time outstanding in proportion to the respective outstanding principal amounts thereof.
Partial Prepayment Pro Rata. The aggregate principal amount of each partial prepayment of Notes pursuant to Article 4. hereof shall be (i) applied to installments of principal in inverse order of maturity and (ii) allocated among the holders of the Notes to be prepaid in proportion, as nearly as practicable, to the respective unpaid principal amounts of Notes then held thereby, with adjustments, to the extent practicable, to compensate for any prior prepayments not made in exactly such proportion.
AutoNDA by SimpleDocs

Related to Partial Prepayment Pro Rata

  • Partial Prepayments Each partial prepayment of the Loan or portion thereof under § 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 shall be applied first to the principal of Base Rate Advances, and then to the principal of LIBOR Rate Advances.

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Allocation of Partial Prepayments In the case of each partial prepayment of the Notes pursuant to Section 8.2, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment.

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Application of partial prepayment Each partial prepayment shall be applied:

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment of Loans; Reimbursement of Lenders (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Revolving Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 11:00 a.m., Boston time, and (y) with respect to Prime Rate Loans, on any Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 1:00 p.m., Boston time, subject to the following limitations:

  • Repayment Prepayment and Cancellation 6 REPAYMENT

Time is Money Join Law Insider Premium to draft better contracts faster.