Common use of Particular Loans to be Prepaid Clause in Contracts

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.2, the Borrower Representative shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers shall first so designate all Loans that are Base Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7. Any repayment or prepayment of Eurodollar Loans pursuant to this Section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7.

Appears in 1 contract

Samples: Credit Agreement (Gibraltar Industries, Inc.)

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Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.10. Any repayment or prepayment of Eurodollar Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Anthony & Sylvan Pools Corp)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative Treasury Manager shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Treasury Manager shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative Treasury Manager as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.11. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Cedar Fair L P)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.2section 6.2, the Borrower Representative shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.11. Any repayment or prepayment of Eurodollar Loans pursuant to this Section 5.2 section 6.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.9. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.9.

Appears in 1 contract

Samples: Credit Agreement (Fca of Ohio Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.11. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (NCS Healthcare Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.25.3, the Borrower Representative shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Borrower shall first so designate all Loans that are Base Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7. Any repayment or prepayment of Eurodollar Loans or Swing Line Loans pursuant to this Section 5.2 5.3 shall in all events be accompanied by such compensation as is required by Section 2.7.

Appears in 1 contract

Samples: Credit Agreement (Ch Energy Group Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.2section 3.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(sLoan(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of a Eurodollar Loans made pursuant to a Borrowing Loan is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to remaining principal amount of such Borrowing Eurodollar Loan shall be Converted into Base a Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such LoansLoan. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent Lender shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.10. Any repayment or prepayment of Eurodollar Loans pursuant to this Section 5.2 section 3.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.10. Any reduction of the Revolving Commitment under this section 3.2 shall be accompanied by a prepayment of the Revolving Loans to the extent, if any, that Revolving Loans exceed the amount of the Revolving Commitment as so reduced.

Appears in 1 contract

Samples: Credit Agreement (Mechanical Technology Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans made or required by this Section 5.2Section, the Borrower Representative shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made; provided, provided however, that (i) the Borrowers Borrower shall first so designate all Loans that are Base Rate Loans and Eurodollar Eurocurrency Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Eurocurrency Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Eurocurrency Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall shall, in the case of Eurodollar Loans, be Converted into Base Rate Loans and, in the case of Foreign Currency Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loansrepaid in full. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7. Any repayment or prepayment of Eurodollar Loans pursuant to this Section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7Article III.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative Borrowers shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) the Borrowers shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative Borrowers as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7discretion. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.2section 5.3, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.11. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to this Section 5.2 section 5.3 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Hawk Corp)

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Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.2, the Borrower Representative shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Borrower shall first so designate all Loans that are Base Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7. Any repayment or prepayment of Eurodollar Loans pursuant to this Section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7.”

Appears in 1 contract

Samples: Credit Agreement (American Dental Partners Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.10. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Miami Computer Supply Corp)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative Treasury Manager shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Treasury Manager shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) ii if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In the absence of a designation by the Borrower Representative Treasury Manager as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.11. Any repayment or prepayment of Eurodollar Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Cedar Fair L P)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) iA the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.10. Any repayment or prepayment of Eurodollar Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Trover Solutions Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section section 5.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment or prepayment is to be made, provided PROVIDED that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Eurocurrency Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Eurocurrency Loans for repayment or prepayment, (ii) if the outstanding principal amount of Eurodollar Eurocurrency Loans made pursuant to a Borrowing is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall be Converted converted into Base Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata PRO RATA among such Loans. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.11. Any repayment or prepayment of Eurodollar Eurocurrency Loans or Money Market Rate Loans pursuant to this Section section 5.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Stoneridge Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans required by this Section 5.2section 3.2, the Borrower Representative shall designate the Types of Loans that which are to be repaid or prepaid and the specific Borrowing(sLoan(s) pursuant to which such repayment or prepayment is to be made, provided that (i) the Borrowers Borrower shall first so designate all Loans that are Base Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of a Eurodollar Loans made pursuant to a Borrowing Loan is reduced below the applicable Minimum Borrowing Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to remaining principal amount of such Borrowing Eurodollar Loan shall be Converted into Base a Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such LoansLoan. In the absence of a designation by the Borrower Representative as described in the preceding sentence, the Administrative Agent Lender shall, subject to the above, make such designation in its sole discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.7section 2.10. Any repayment or prepayment of Eurodollar Loans pursuant to this Section 5.2 section 3.2 shall in all events be accompanied by such compensation as is required by Section 2.7section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Mechanical Technology Inc)

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