Prepayments and Conversions. Section 2.06.
Prepayments and Conversions. (a) Each Borrower shall have the right to make prepayments of principal, to convert one type of Revolving Credit Loans into another type of Revolving Credit Loans or to convert Eurocurrency Loans denominated in one currency to Eurocurrency Loans denominated in another currency, at any time or from time to time; provided that:
(a) such Borrower shall give the Administrative Agent notice of each such prepayment or conversion as provided in Section 2.08; and (b) Eurocurrency Loans may be prepaid or converted only on the last day of an Interest Period for such Eurocurrency Loans unless such Borrower agrees to provide to the Administrative Agent for the account of each Lender compensation in accordance with Section 4.05.
(b) If at any time prior to the Revolving Credit Termination Date, the aggregate amount of Revolving Credit Loans to any Borrower (plus, in the case of Micro Warehouse, the Letter of Credit Obligations) shall exceed the aggregate amount of the Revolving Credit Commitments to such Borrower, such Borrower shall repay the Lenders forthwith such amounts as may be necessary to eliminate such excess (and, in the case of Micro Warehouse, if the Revolving Credit Loans cannot be repaid to eliminate such excess due to the amount of outstanding Letters of Credit, Micro Warehouse shall deposit with the Administrative Agent sufficient cash collateral to cover such excess), and the failure of such Borrower to make and the Lenders to receive such payments shall constitute an Event of Default hereunder. For the purposes of this Section 2.05(b), the amount outstanding under any Eurocurrency Loan denominated in an Alternative Currency at any time shall be the Dollar Equivalent thereof as of the Denomination Date.
Prepayments and Conversions. 17 3.03 Competitive Bid Procedure.........................................17 SECTION 4. Payments of Principal and Interest.............................20
Prepayments and Conversions. At least three (3) Business Days prior to each Payment Date for a Eurodollar Advance, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of any Eurodollar Advance outstanding on the Payment Date (A) is to be rolled over as another Eurodollar Advance, (B) is to be converted to a Base Rate Advance, or (C) is to be repaid. Eurodollar Advances may be prepaid prior to the applicable Payment Date upon at least three (3) Business Days prior written notice (or telephonic notice followed immediately by written notice) to the Administrative Agent as set forth in Section 2.5 hereof. Upon such Payment Date such Eurodollar Advance will, subject to the provisions hereof, be so rolled over, repaid or, as applicable, converted. Advances prepaid or repaid (and not converted or rolled over at such time) under the Commitment may be reborrowed and will not permanently reduce the Commitment unless otherwise specified in accordance with Section 2.6 hereof.
Prepayments and Conversions. Section 2.06 Mandatory Prepayments Section 2.07
Prepayments and Conversions. (a) OPTIONAL PREPAYMENTS AND CONVERSIONS. Company shall have the right to prepay Loans and to convert Loans in Dollars of one Type into Loans of the other Type, at any time or from time to time, provided, that the Company shall give the Administrative Agent or the Multi-Currency Payment Agent, notice of each such prepayment as provided in Section 5.05 hereof. Any prepayment of Term Loans hereunder may not be reborrowed.
Prepayments and Conversions. Subject to Section 3.3 hereof, the Borrower shall have the right to make prepayments of principal on any Loan, in whole or in part, without payment of any penalty or premium, or to convert one Type of Loan into another Type of Loan, at any time or from time to time; provided, however, that each partial prepayment shall be in an amount of at least $100,000, and if greater than $100,000, an integral multiple of $10,000.00, and if the Loan prepaid or converted is a LIBOR Loan, any conversion or prepayment shall be in the full amount of such LIBOR Loan. The Borrower shall give the Lender notice of each such prepayment or conversion as provided in Section 2.9. Each such notice shall be in the form of a “Notice of Prepayment” in substantially the form of Exhibit C hereto, specifying therein (i) the date such prepayment will be made, (ii) the amount of such prepayment and (iii) the Type of Loan being prepaid. The Borrower shall not have the right to convert one Type of Loan into another Type of Loan during the continuance of an Event of Default.
Prepayments and Conversions. Subject to Section 3.03 hereof with respect to LIBOR Rate Loans, the Borrower shall have the right to make prepayments of principal on any Loan, in whole or in part, without payment of any penalty or premium, or to convert one Type of Loan into another Type of Loan (provided, Swingline Loans shall be Base Rate Loans only), at any time or from time to time; provided, however, that each partial prepayment, which is not a Mandatory Prepayment, shall be in an amount of at least $500,000, and if greater than $500,000, an integral multiple of $100,000. The Borrower shall make Mandatory Prepayments from Net Proceeds in accordance with Section 2.03(c). Mandatory Prepayments shall be applied first to the Term Loan to repay Base Rate Loans first and then to LIBOR Rate Loans; provided, however, any Mandatory Prepayment to be applied to a LIBOR Rate Loan may be held in a deposit account by Agent until the end of the Loan Period for such LIBOR Rate Loan and applied to repay the LIBOR Rate Loan on such date. The Borrower shall give the Agent notice of each such prepayment or conversion as provided in Section 2.08. The Borrower shall not have the right to convert one Type of Loan into another Type of Loan during the continuance of an Event of Default.
Prepayments and Conversions. The Borrower shall have the right to make prepayments of principal, or to convert one type of Loan into another type of Loan, at any time or from time to time; provided that:
(a) the Borrower shall give the Agent notice of each such prepayment or conversion as provided in Section 2.08; (b) Fixed Rate Loans may be prepaid or converted only on the last day of an Interest Period for such Loans; and (c) prepayments shall be applied to the installments of principal in the inverse order of their maturities. Amounts prepaid may not be reborrowed.
Prepayments and Conversions. 25 Section 4. Payments of Principal and Interest
