Prepayment and Repayment. (i) Upon irrevocable prior written notice delivered to the Swing Line Lender prior to 12:00 p.m. (noon) (Eastern time) on the day of payment under this Section, the Borrower may repay a Swing Line Advance. In addition, upon demand of the Swing Line Lender, if such demand is delivered prior to 11:00 a.m. (Eastern time) on a Business Day, the Borrower shall on the following Business Day make a repayment of the Swing Line Loans then outstanding in the amount so requested by the Swing Line Lender; provided, however, that if such demand is delivered to the Borrower at or after 11:00 a.m. (Eastern time) on a Business Day, the Borrower shall on the second Business Day following receipt of such demand make such repayment. In order to facilitate repayment of the Swing Line Loans, the Borrower hereby irrevocably requests the Banks, and the Banks hereby severally agree, on the terms and conditions of this Agreement (other than as provided in Article 2 hereof with respect to the amounts of, the time of requests for, and the repayment of Advances hereunder and in Article 3 hereof with respect to conditions precedent to Advances hereunder), with respect to Swing Line Loans outstanding, upon request of the Swing Line Lender or the Borrower (including without limitation after any Default or Event of Default, but prior to the occurrence of an event described in clauses (g) or (h) of Section 8.1 hereof), to make an Advance to the Borrower in the amount of such outstandings, and to pay the proceeds of such Advance directly to the Administrative Agent to reimburse the Swing Line Lender for the amount of the Swing Line Loans then outstanding. Each Bank shall pay its share of such Advance by paying its portion of such Advance to the Administrative Agent in accordance with Section 2.2(e) hereof and its Commitment Ratio, without reduction for any set-off or counterclaim of any nature whatsoever and regardless of whether any Default or Event of Default (other than with respect to an event described in clauses (g) or (h) of Section 8.1 hereof) then exists or would be caused thereby. If at any time that the Swing Line Loans are outstanding, any of the events described in clauses (g) or (h) of Section 8.1 hereof shall have occurred and be continuing, then each Bank shall, automatically upon the occurrence of any such event and without any action on the part of the Swing Line Lender, the Borrower, the Administrative Agent or the Banks, be deemed to have purchased an undivided particip...
Prepayment and Repayment. Under the Credit Agreement, and subject to the terms thereof, the Loans may be repaid and reborrowed prior to the Maturity Date, and under some circumstances, must be repaid prior to the Maturity Date.
Prepayment and Repayment. (a) Under the Credit Agreement, and subject to the terms thereof, the Loans may be repaid and reborrowed prior to the Maturity Date, and under some circumstances, must be repaid prior to the Maturity Date.
(b) Under the Credit Agreement, following any drawing paid by the issuer of a Letter of Credit, the respective Borrower for whose account such Letter of Credit was issued must reimburse the issuer for the amount so paid on the date the issuer makes such payment.
Prepayment and Repayment. (a) The Borrower may, on five Business Days’ prior written notice to the Lender, prepay all or any part of the Loan without penalty or charge.
(b) The Borrower shall repay all amounts outstanding under the Tranche A Loan on the Final Maturity Date applicable to Tranche A together with all unpaid interest, fees, costs and expenses arising in respect of such Tranche A Loan.
(c) The Borrower shall repay all amounts outstanding under each Tranche B Loan, Tranche C Loan, Tranche D Loan and Tranche E Loan in full on the Final Maturity Date together will all unpaid interest, fees, costs and expenses arising in respect of such Tranche B Loan, Tranche C Loan, Tranche D Loan and Tranche E Loan.
(d) The Borrower shall repay all amounts outstanding under the Tranche F Loan on the Final Maturity Date applicable to Tranche F together with all unpaid interest, fees, costs and expenses arising in respect of such Tranche F Loan.
Prepayment and Repayment. Borrowers shall repay any outstanding principal indebtedness of the Loan in full on the Maturity Date of the Loan, together with all accrued and unpaid interest thereon to (but excluding) the date of repayment and all other amounts due to Lender in connection with the Loan. Other than as set forth in Sections 2.3.2, 2.3.5 and 2.3.6 below, or as required or permitted pursuant hereto in connection with a Casualty or Condemnation, Borrowers shall have no right to prepay all or any portion of Loan.
Prepayment and Repayment. Yamana may from time to time prepay all or any part of the Loans provided that it gives Northern Orion not less than 1 Banking Day's prior written notice of the payment, the payment is not less than US $10,000,000 and all accrued and unpaid interest on the payment up to and including the date thereof is paid in full. The Loans and all other outstanding amounts owing by Yamana to Northern Orion hereunder shall be repaid in full on the Maturity Date.
Prepayment and Repayment. The Borrowers may make a prepayment of principal of any Loan accruing interest at the Adjusted Prime Rate at any time without penalty. Prepayment of any amounts of principal of any Loan bearing interest at a fixed rate shall not be permitted unless accompanied by the following prepayment premium equal to the amount, if any, by which the aggregate present value of scheduled principal and interest payments eliminated by the prepayment exceeds the principal amount being prepaid. Said present value shall be calculated by application of a discount rate determined by Bank in its reasonable judgment to be the yield-to-maturity at the time of prepayment on U.S. Treasury securities having a maturity which most closely approximates the final maturity date of the principal balance then outstanding. The determination of the foregoing prepayment premium by the Bank shall be final, binding and conclusive upon the Borrower, except to the extent of any manifest error in computation or transmission. All prepayments of the Loans shall be accompanied by the payment of accrued interest on the amount of such prepayment to the date thereof. Subject to the above prepayment premium, the Borrowers may make payments and prepayments of the Loans in whole or in part at any time and from time to time upon notification to the Bank not later than 10:00 a.
Prepayment and Repayment. Section 2.1.6 is amended in its entirety and replaced with the following:
Prepayment and Repayment. The Borrower may make payments and ------------------------ prepayments of the Loans in whole or in part at any time and from time to time without penalty or premium upon notification to the Bank not later than 2:30 p.m. Philadelphia, Pennsylvania time on the date of the proposed payment or prepayment. All prepayments of the outstanding principal of the Term Loan shall be applied to installments of principal due thereunder in the inverse order of their maturity.
Prepayment and Repayment. The Borrower shall pay a prepayment premium with respect to Loans bearing interest at a fixed rate equal to the difference between (x) the aggregate amount of interest which would otherwise have been payable on such prepaid amount from the date of prepayment to the date when such prepaid amount was due (but, with respect to the Existing Real Estate Loan, in no event beyond the date on which interest on the Existing Real Estate Loan converts from a fixed rate to a floating rate as prescribed in Section 2.2(b) above, unless the interest rate is thereafter fixed in accordance with such Section), unless the parties have agreed to a new fixed rate of interest to be applicable after such date and (y) the aggregate amount of interest which the Bank would earn if such prepaid amount were invested at the Treasury Rate Security Yield from the date of prepayment to the date when such prepaid amount was due (but, with respect to the Existing Real Estate Loan, in no event beyond the date on which interest on the Existing Real Estate Loan converts from a fixed rate to a floating rate as prescribed in Section 2.2(b) above, unless the interest rate is thereafter fixed in accordance with such Section), unless the parties have
