Prepayment of Eurodollar Loans Sample Clauses

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.
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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
Sample 1
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.
Sample 1
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.
Sample 1
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).
Sample 1
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.
Sample 1
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.
Sample 1
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Related to Prepayment of Eurodollar Loans

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Eurodollar Loans The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Eurodollar Rate Loans After Default After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Company.

  • Booking of Eurodollar Rate Loans Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender.

  • Eurocurrency Loans The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for such Borrowing plus the Applicable Margin.

  • LIBOR Loans Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments in accordance with the terms hereof, the Borrower shall, on the date of such termination, repay or prepay all of its outstanding Revolving Borrowings and, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i). (ii) In the event of any partial reduction of the Revolving Commitments in accordance with the terms hereof, then (x) at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrower and the Revolving Lenders of the sum of the Revolving Exposures after giving effect thereto and (y) if the sum of the Revolving Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then the Borrower shall, on the date of such reduction, first, repay or prepay Revolving Borrowings and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iii) In the event that at any time the sum of all Lenders’ Revolving Exposures exceeds the Revolving Commitments then in effect, the Borrower shall, without notice or demand, immediately first, repay or prepay Revolving Borrowings, and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iv) In the event that the aggregate LC Exposure exceeds the LC Sublimit then in effect, the Borrower shall, without notice or demand, immediately, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess.

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Repayment of Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Revolving Loans outstanding on such date.

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