Common use of Prepayment and Reborrowing Clause in Contracts

Prepayment and Reborrowing. Prior to the Revolving Loan Termination Date and within the limits of the Aggregate Revolving Loan Commitment and the Borrowing Base, the Borrowers may borrow, prepay and reborrow Revolving Loans. All Revolving Loans shall mature and be due and payable on the Revolving Loan Termination Date unless they are converted to Term Loans pursuant to Section 2.8.

Appears in 3 contracts

Samples: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)

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Prepayment and Reborrowing. Prior to the Revolving Loan Termination Date and within the limits of the Aggregate Revolving Loan Commitment and the Borrowing Asset Base, the Borrowers Borrower may borrow, prepay and reborrow Revolving Loans. All Revolving Loans shall mature and be due and payable converted to Term Loans in accordance with Section 2.8 hereof on the Revolving Loan Termination Date unless they are converted to Term Loans pursuant to Section 2.8Date.

Appears in 1 contract

Samples: Credit Agreement (Willis Lease Finance Corp)

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Prepayment and Reborrowing. Prior to the Revolving Loan Termination Date and within the limits of the Aggregate Revolving Loan Commitment and the Borrowing Asset Base, the Borrowers Borrower may borrow, prepay and reborrow Revolving Loans. All Revolving Loans shall mature and be due and payable on the Revolving Loan Termination Date unless they are converted to Term Loans pursuant to Section 2.8Date.

Appears in 1 contract

Samples: Credit Agreement (Willis Lease Finance Corp)

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