Prepayment of Revolving Credit Loans. A Borrower shall have the right, by giving telephonic notice (promptly confirmed in writing) to the Administrative Agent by not later than 10:30 A.M., New York time, (i) on the day of prepayment in the case of ABR Loans and (ii) on the third Eurodollar Business Day prior to the day of prepayment in the case of Revolving Eurodollar Loans, to prepay Revolving Credit Loans of such Borrower bearing interest on the same basis and having the same Interest Period, if any, in whole or in part, without premium or penalty, in the aggregate principal amount of $10,000,000 or integral multiples of $1,000,000 in excess thereof (or, if the outstanding aggregate principal amount of such Revolving Credit Loan is less than $10,000,000, then all of such lesser amount), together with accrued interest (except for ABR Loans, as to which such interest shall be paid on the next date when it otherwise would be payable under 3.02) on the principal being prepaid to (but excluding) the date of prepayment and, in the case of Revolving Eurodollar Loans, the amounts required by Section 4.03. Subject to the terms and conditions hereof, Revolving Credit Loans so prepaid may be reborrowed by any Borrower.
Prepayment of Revolving Credit Loans. The Revolving Credit Loans may be prepaid, in whole or in part, at any time, provided that any prepayment in respect of a LIBOR Loan shall be made only on the last day of the Interest Period applicable thereto, and provided, further, that any partial prepayments of the Revolving Credit Loans shall be in a principal amount of not less than $250,000, or any whole multiple thereof. All prepayments shall include accrued and unpaid interest to the date of prepayment on the principal amount prepaid. All partial prepayments received pursuant to this Section 3.01 shall be applied to the Obligations that are in respect of the Revolving Credit Loans in the manner determined by the Bank in its reasonable discretion.
Prepayment of Revolving Credit Loans. In addition to any obligation to make an offer to prepay Term Loans with any Excess Net Cash Payments relating to any Asset Swap or Disposition in accordance with Section 2.11(b)(i)(B), the Borrower shall be required to prepay the Revolving Credit Loans on any Asset Sale Prepayment Date to the extent required in Section 2.11(b) of the Initial Revolving Credit Agreement (or any equivalent section(s) of any successor Revolving Credit Agreement).
Prepayment of Revolving Credit Loans. Section 7.1(r) of the Loan Agreement is amended to read as follows:
Prepayment of Revolving Credit Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any revolving credit Loan, in whole or in part, upon at least three Business Days' prior written or telecopy notice (or telephone notice promptly confirmed by written or telecopy notice) to the Agent; provided, however, that each partial prepayment shall be in an amount which is not less than $500,000 or, if less than $500,000, the remaining principal amount then outstanding.
Prepayment of Revolving Credit Loans. The Agent shall have received, pursuant to Section 2.7 of the Credit Agreement, a prepayment of the Revolving Credit Loans, in accordance with Sections 2.7(a) and (c) thereof and Section 5.4 of this Amendment, in the principal amount of at least $50,000,000 and the Aggregate Commitment Amount shall have been permanently reduced in accordance with Section 5.5 of this Amendment. The Agent shall have received payment of the Facility Fee, pursuant to Section 3.2(a) of the Credit Agreement in connection with such reduction and prepayment and all other fees and expenses payable in connection therewith required by the Credit Agreement;
Prepayment of Revolving Credit Loans. (a) Subject to the terms and conditions contained in this Section 2.10 and elsewhere in this Agreement, the Borrowers shall have the right to prepay
Prepayment of Revolving Credit Loans. 8 10 (1) The Loan Obligors shall within three (3) days of receiving notice from the Lenders, and in any event concurrently with the delivery of any certificate pursuant to Section 6.5 hereof make any prepayments of the Revolving Credit Loans necessary such that (i) the outstanding principal balance of all Revolving Credit Loans made to all Loan Obligors does not exceed the total Revolving Credit Commitment, (ii) the total outstanding principal balance of Revolving Credit Loans made by any Lender does not exceed such Lender's Revolving Credit Commitment, (iii) the outstanding principal balance of all Revolving Credit Loans made to such Loan Obligor does not exceed the Borrowing Base applicable to such Loan Obligor as described in Section 2.1 and (iv) the total Eligible Accounts of all Loan Obligors exceeds the aggregate principal balance of all outstanding Revolving Credit Loans to all Loan Obligors by not less than $7,000,000.
Prepayment of Revolving Credit Loans. The principal of and interest on and all other amounts (including any amounts payable under Section 5.05 of the Amendment and Restatement) owing in respect of the Revolving Credit Loans outstanding on the opening of business on the Amendment No. 1 Effective Date shall be prepaid in full on the Amendment No. 1 Effective Date from funds available to the Borrower and proceeds of Revolving Credit Loans made under the Amendment and Restatement on the Amendment No. 1 Effective Date so that, after giving effect to such prepayment and borrowing, the Revolving Credit Loans shall be held ratably by all Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments as in effect at the close of business on the Amendment No. 1 Effective Date.
Prepayment of Revolving Credit Loans. The US Borrower shall have made a prepayment of the outstanding US Revolving Credit Loans in an amount equal to $70,000,000; provided that such prepayment shall not reduce the US Revolving Credit Commitments.
