Common use of Prepayments Generally Clause in Contracts

Prepayments Generally. Whenever a Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: (a) the date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) the total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (d) of this Section 3.05 and (d) the principal amounts selected in accordance with Section 3.03(d) hereof of the Base Rate Portion and each part of each Funding Segment of Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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Prepayments Generally. Whenever a Borrower desires or is required to prepay any part of its Loans, it XL Capital shall provide Standard Notice to the Administrative Agent setting forth the following information (and the Agent shall promptly advise the Banks of such information: ): (a) Whether such prepayment is to be applied to the Loans outstanding to XL Insurance, XL Capital or XL Mid Ocean; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, ; (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (d) of this Section 3.05 and 2.06; and (d) the The principal amounts selected in accordance with Section 3.03(d2.04(d) hereof of the Alternate Base Rate Portion and each part of each Funding Segment of the Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Alternate Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Short Term Revolving Credit Agreement (Xl Capital LTD)

Prepayments Generally. Whenever a Borrower desires or is required to prepay any part of its Revolving Credit Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: (a) the date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.092.09, the currency, which shall be either Dollars, Pounds US Currency or Eurosany Other Currency, in which such proposed prepayment is to be made, (c) the total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (d) of this Section 3.05 2.05 and (d) the principal amounts selected in accordance with Section 3.03(d2.03(d) hereof of the Base Prime Rate Portion and each part of each Funding Segment of Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Prime Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sylvan Inc)

Prepayments Generally. Whenever a the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (ai) Whether such prepayment is to be applied to the Revolving Credit Loans or the Term Loans; (ii) The date, which shall be a Business Day, on which the proposed prepayment is to be made; ; (biii) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (da)(iv) of this Section 3.05 and 2.08; and (div) the The principal amounts selected in accordance with Section 3.03(d2.06(d) hereof of the Base Rate Portion and each part of each Funding Segment of the Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

Prepayments Generally. Whenever a Subject to Section 2.8 hereof with --------------------- respect to mandatory prepayments, whenever the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (a) That such prepayment is to be applied to the Revolving Credit Loans; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, ; (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (d) of this Section 3.05 and 2.6; and (d) the The principal amounts selected in accordance with Section 3.03(d2.4(d) hereof of the Base Rate Portion and each part of each Funding Segment of the Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

Prepayments Generally. Whenever a the Borrower desires or is required to prepay any part of its Loansthe Letter of Credit Unreimbursed Draws, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (a) the The date, which shall be a Business Day, on which the proposed prepayment is to be made; ; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (dc) of this Section 3.05 3.11, and which, if a partial prepayment, shall be an integral multiple of $500,000; and (dc) the The principal amounts selected in accordance with Section 3.03(d3.09(d) hereof of the Base Rate Portion and each part of each Funding Segment of the Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Primark Corp)

Prepayments Generally. Whenever a the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (ai) Whether such prepayment is to be applied to the Tranche 1 Loans, the Tranche 2 Loans or the Tranche 3 Loans; (ii) The date, which shall be a Business Day, on which the proposed prepayment is to be made; ; (biii) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (da)(iv) of this Section 3.05 and 2.08; and (div) the The principal amounts selected in accordance with Section 3.03(d2.06(d) hereof of the Base Rate Portion and each part of each Funding Segment of the Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

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Prepayments Generally. Whenever a Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: (a) the date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.092A.9, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, (c) the total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (d) of this Section 3.05 2A.5 and (d) the principal amounts selected in accordance with Section 3.03(d2A.3(d) hereof of the Base Rate Portion and each part of each Funding Segment of Euro-Rate Portion to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Prepayments Generally. Whenever a the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (a) the The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, ; (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (dc) of this Section 3.05 and 2.06; and (d) the The principal amounts selected in accordance with Section 3.03(d2.04(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion Portion, as the case may be, to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Short Term Credit Agreement (Curtiss Wright Corp)

Prepayments Generally. Whenever a the Borrower desires or is required to prepay any part of its Loans, it shall provide Standard Notice to the Administrative Agent setting forth the following information: : (a) the The currency, which shall be either US Currency or an Other Currency, in which such prepayment is to be made; (b) The date, which shall be a Business Day, on which the proposed prepayment is to be made; (b) subject to Section 3.09, the currency, which shall be either Dollars, Pounds or Euros, in which such proposed prepayment is to be made, ; (c) the The total principal amount of such prepayment, which shall be the sum of the principal amounts selected pursuant to clause (dc) of this Section 3.05 and 2.06; and (d) the The principal amounts selected in accordance with Section 3.03(d2.04(d) hereof of the Base Rate Portion and each part of each Funding Segment of the As-Offered Rate Portion, the CD Rate Portion and the Euro-Rate Portion Portion, as the case may be, to be prepaid. Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

Appears in 1 contract

Samples: Credit Agreement (Curtiss Wright Corp)

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