Prepayment of Eurodollar Loans. Subject to the provisions of subsection 3.1.9 and Section 4.2, Borrower may prepay any Loan in whole at any time or in part from time to time, without premium or penalty provided that a Eurodollar Loan not prepaid, continued or converted on the last Business Day of the then current Interest Period with respect thereto shall be subject to subsection 3.1.9. Borrower shall specify the date of prepayment of Loans which are Eurodollar Loans and the amount of Loans to be prepaid. In the event that any prepayment of a Eurodollar Loan is made on a date other than the last Business Day of the then current Interest Period with respect thereto, Borrower shall indemnify Agent and Lenders therefor in accordance with subsection 3.1.9 hereof.
Prepayment of Eurodollar Loans. (a) MAKE-WHOLE PAYMENTS. The Borrower shall pay to Lender on demand such amount or amounts as shall, in the conclusive judgment of Lender
Prepayment of Eurodollar Loans. Borrower may at any time and from time to time prepay any eurodollar Loan in whole or in part, provided that Borrower first complies with the conditions hereinafter set forth. Borrower shall give Bank at least two (2) eurodollar Business Days prior written notice of (i) its intent to prepay, (ii) the amount of principal which will be prepaid, and (iii) the date on which the prepayment will be made. Each prepayment of principal shall be in a minimum amount of S100,000 (or the aggregate principal amount outstanding, if less) and in increments of $100,000 in excess thereof (unless the prepayment retires the outstanding principal balance of the Term Note in full) plus accrued interest thereon to the date of prepayment. Borrower may also be required to pay Bank the breakage fee described in Section 6 of Schedule II attached hereto to the extent that such payment is made on a date other than the last day of the applicable eurodollar Interest Period.
Prepayment of Eurodollar Loans. In the event that the Borrower makes a prepayment (whether voluntary or mandatory) of any portion of a Eurodollar Loan on a day other than the last day of an Interest Period with respect thereto, the Borrower will pay to the Lenders, upon demand, an amount or amounts equal to the amount, if any, by which the interest which would have been payable on the last day of the relevant Interest Period exceeds the amount of interest (as reasonably determined by each such Lender) that each such Lender would have obtained by placing its pro rata share of the amount so prepaid on deposit in the London Inter-Bank Eurocurrency market for a period commencing on the date following such prepayment and ending on the last day of such Interest Period. The respective Lender's calculation of such amounts shall be conclusive in the absence of manifest error.
Prepayment of Eurodollar Loans. Each prepayment shall be accompanied by any amount required to be paid pursuant to Section 2.18; provided that, so long as no Default or Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Loans is required to be made under this Section 2.03(c) prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.03(c) in respect of any such Eurodollar Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit an amount sufficient to make any such prepayment otherwise required to be made thereunder together with accrued interest to the last day of such Interest Period into an account held at, and subject to the sole control of, the Administrative Agent until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower) to apply such amount to the prepayment of such Loans in accordance with this Section 2.03(c). Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower) to apply such amount to the prepayment of the outstanding Loans in accordance with this Section 2.03(c).
Prepayment of Eurodollar Loans. (a) MAKE-WHOLE PAYMENTS. The Borrower shall pay to Lender on demand such amount or amounts as shall, in the conclusive judgment of Lender (in the absence of manifest error), compensate Lender for any loss, cost or expense sustained or incurred by the Lender as a result of (i) any payment or prepayment of any Eurodollar Loan required or permitted under this Agreement, if such Eurodollar Loan is prepaid other than on the last day of the Interest Period for such Eurodollar Loan, (ii) the conversion, for any reason whatsoever, whether voluntary or involuntary, of any Eurodollar Loan to a Base Rate Revolving Credit Loan on a date other than the last day of the applicable Interest Period, or (iii) in the event that after the Borrower delivers a Eurodollar Loan Notice under Section 2.3(b) in respect of a Eurodollar Loan, such Eurodollar Loan is not made on the first day of the Interest Period specified in such notice of borrowing for any reason other than a breach by the Lender of its obligations hereunder. Such amounts payable by Borrower shall compensate Lender for any loss or expense incurred or sustained by Lender including, without limitation, any interest or other amounts payable by the Lender to other financial institutions in order to make or maintain such Eurodollar Loan. In the event any such amount is payable by Borrower, the Lender shall deliver to the Borrower from time to time one or more certificates setting forth the amount due as determined by the Lender, which certificate shall be conclusive and binding on Borrower, absent manifest error.
Prepayment of Eurodollar Loans. The following provisions of this Section 1.11 shall -8- be effective with respect to all Eurodollar Loans: If, due to acceleration of any Note or due to voluntary prepayment or mandatory repayment or prepayment or due to any other reason, the Bank receives payment of any principal of any Eurodollar Loan on any date prior to the last day of the relevant Interest Period or if for any reason any Eurodollar Loan is converted to a Floating Rate Loan prior to the expiration of the relevant Interest Period, the Borrower shall upon demand and receipt of a Bank Certificate from the Bank with respect thereto, pay forthwith to the Bank a yield maintenance fee in an amount computed as follows: The current rate for United States Treasury securities (bills on a discounted basis shall be converted to a bond equivalent) with a maturity date closest to the last day of the Interest Period applicable to the affected Eurodollar Loan shall be subtracted from the "cost of funds" component (i.e., Eurodollar Rate) of the applicable interest rate in effect at the date of such prepayment or conversion. If the result is zero or a negative number, there shall be no yield maintenance fee. If the result is a positive number, then the resulting percentage shall be multiplied by the amount of the principal balance being prepaid. The resulting amount shall be divided by 360 and multiplied by the number of days remaining in the relevant Interest Period. Said amount shall be reduced to present value calculated by using the number of days remaining in the relevant Interest Period and by using the above-referenced United States Treasury securities rate as the discount rate. The resulting amount shall be the yield maintenance fee due to the Bank upon prepayment or conversion of the applicable Eurodollar Loan. Any acceleration of a Eurodollar Loan due to an Event of Default will give rise to a yield maintenance fee calculated with the respect to such Eurodollar Loan on the date of such acceleration in the same manner as though the Borrower had exercised a right of prepayment at that date, such yield maintenance fee being due and payable at that date.
