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. 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. Section 7.1(r) of the Loan Agreement is amended to read as follows:
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.
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.
(b) On the date of any termination or reduction of the Tranche 1 Commitments pursuant to Section 2.09, the Borrower shall pay or prepay so much of the Loans as shall be necessary in order that the sum of the aggregate principal amount of the Loans outstanding together with the aggregate amount of Special Finance Bankers Acceptances then outstanding plus all Acceptance Reimbursement Obligations with respect to any Special Finance Bankers Acceptances will not exceed the Tranche 1 Commitment after giving effect to such termination or reduction.
(c) Each notice of prepayment shall specify the prepayment date and the principal amount of each Loan (or portion thereof) to be prepaid, shall be irrevocable and shall commit the Borrower to prepay such Loan by the amount stated therein on the date stated therein. All prepayments under this Section 2.11 shall be subject to Section 2.14 but otherwise without premium or penalty. All prepayments under this Section 2.11 shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment.
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
(a) the Borrower Agent shall furnish to the Bank, not later than (i) 3:00 p.m. (New York City time) on the Business Day of such prepayment of Reference Rate Loans and (ii) 11:00 a.m. (New York City time) five (5) Business Days prior to the date of such prepayment of Eurodollar Loans or Letter of Credit Obligations, notice of prepayment which shall specify the prepayment date and the principal amount of each Revolving Credit Loan or Letter of Credit Obligation (or portion thereof) to be prepaid, which notice shall be irrevocable and shall commit the Borrowers to prepay such Revolving Credit Loan or Letter of Credit Obligation by the amount stated therein on the date stated therein.
(b) On the date of any termination of the Commitment pursuant to Section 2.08 hereof or elsewhere in this Agreement, the Borrowers shall pay or prepay so much of the Revolving Credit Loans or provide cash collateral in respect of Letter of Credit Obligations (as provided in Section 2.07(j)) as shall be necessary in order that the Availability equals or exceeds zero following such termination. Any prepayments required by this paragraph (b) and applied to the Revolving Credit Loans shall be applied to outstanding Reference Rate Loans up to the full amount thereof before they are applied to outstanding Eurodollar Loans; provided, however, that the Borrowers shall not be required to make any prepayment of any Eurodollar Loan pursuant to this Section until the last day of the Interest Period with respect thereto so long as an amount equal to such prepayment is deposited by the Borrowers in a cash collateral account with the Bank to be held in such account on terms reasonably satisfactory to the Bank.
(c) On any date that Availability shall ever exceed zero, the Borrowers shall immediately make prepayments of the Revolving Credit Loans or provide cash collateral in respect of Letter of Credit Obligations (as provided in Section 2.07(j)) from time to time such that the Availability equals or exceeds zero at all times. Any prepayments required by this paragraph (c) and applied to the Revolving Credit Loans shall be applied to outstanding Reference Rate Loans up to the full amount thereof before they are applied to outstanding Eurodollar Loans; provided, however, that the Borrowers shall not be required to make any prepayment of any Eurodolla...
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. 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 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.
