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 made or required by this Section, the Borrower 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, however, that (i) the Borrower shall first so designate all Loans that are ABR Loans and Eurodollar Loans with Interest Periods ending on the date of such repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable minimum amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar Loans, be converted into ABR Loans. In the absence of a designation by the Borrower 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 2.16.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Cooper Companies Inc)

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Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans made or required by this Sectionsection 5.2, the Borrower 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, however, PROVIDED that (i) the Borrower shall first so designate all Loans that are ABR Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of such repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable minimum amount that would be permitted in the case of an advance of a Minimum Borrowing of the same Type as provided in Section 2.02, Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar Loans, shall be converted into ABR 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 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 2.16section 2.10. 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 2.10.

Appears in 1 contract

Samples: Credit Agreement (Healthcare Recoveries Inc)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans made or required by this Sectionsection 5.2, the Borrower 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, however, PROVIDED that (i) the Borrower Borrowers shall first so designate all Loans that are ABR Prime Rate Loans and Eurodollar Loans with Interest Periods ending on the date of such repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable minimum amount that would be permitted in the case of an advance of a Minimum Borrowing of the same Type as provided in Section 2.02, Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar shall be Converted into Prime Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be converted into ABR applied PRO RATA among such Loans. In the absence of a designation by the Borrower 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, discretion. Any repayment or prepayment of Eurodollar Loans or Money Market Rate Loans pursuant to minimize breakage costs owing under Section 2.16this section 5.2 shall in all events be accompanied by such compensation as is required by section 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 made or required by this SectionSection 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, however, provided that (i) the Borrower Borrowers shall first so designate all Loans that are ABR Base Rate Loans and Eurodollar Loans with Interest Periods ending on the date of such repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable minimum amount that would be permitted in the case of an advance of a Minimum Borrowing of the same Type as provided in Section 2.02, Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar shall be Converted into Base Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be converted into ABR 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 2.162.7. 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.)

Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans made or required by this SectionSection , 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, however, provided that (i) the Borrower Borrowers shall first so designate all Loans that are ABR Base Rate Loans and Eurodollar Loans with Interest Periods ending on the date of such repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable minimum amount that would be permitted in the case of an advance of a Minimum Borrowing of the same Type as provided in Section 2.02, Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar shall be Converted into Base Rate Loans, and (iii) each repayment and prepayment of any Loans made pursuant to a Borrowing shall be converted into ABR 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 2.16. Any repayment or prepayment of Eurodollar Loans pursuant to this Section shall in all events be accompanied by such compensation as is required by Section .

Appears in 1 contract

Samples: Term Loan Agreement (Gibraltar Industries, Inc.)

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Particular Loans to be Prepaid. With respect to each repayment or prepayment of Loans made or required by this Sectionsection 5.2, the applicable Borrower 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, however, provided that (i) the Borrower Borrowers shall first so designate all Loans that are ABR Prime Rate Loans and Eurodollar Eurocurrency Loans with Interest Periods ending on the date of such 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 amount that would be permitted in the case of an advance of a Minimum Borrowing of the same Type as provided in Section 2.02, Amount as a result of any such repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar Loans, shall be converted into ABR 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 a Borrower 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 2.16section 2.10. Any repayment or prepayment of Eurocurrency Loans or Quoted Rate Loans pursuant to this section 5.2 shall in all events be accompanied by such compensation as is required by section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Stoneridge Inc)

Particular Loans to be Prepaid. With respect to each repayment Scheduled Repayment or prepayment of Loans made or required by this Section, the Borrower shall designate the Types of Loans that are to be repaid or prepaid and the specific Borrowing(s) pursuant to which such repayment Scheduled Repayment or prepayment is to be made, provided, however, that (i) the Borrower shall first so designate all Loans that are ABR Loans and Eurodollar Loans with Interest Periods ending on the date of such repayment Scheduled Repayment or prepayment prior to designating any other Eurodollar Loans for repayment or prepayment, and (ii) if the outstanding principal amount of Eurodollar Loans made pursuant to a Borrowing is reduced below the applicable minimum amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, as a result of any such repayment Scheduled Repayment or prepayment, then all the Loans outstanding pursuant to such Borrowing shall, in the case of Eurodollar Loans, be converted into ABR Loans. In the absence of a designation by the Borrower 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 2.16.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Cooper Companies Inc)

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