Common use of Prepayments of Advances Clause in Contracts

Prepayments of Advances. The Borrower may, upon not less than (i) the same Business Day’s notice to the Designated Agent received not later than 11:00 A.M. (New York City time) in the case of Borrowings consisting of Base Rate Advances or (ii) three Business Days’ notice to the Designated Agent received not later than 1:00 P.M. (New York City time) in the case of Borrowings consisting of Eurocurrency Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances constituting part of the same Borrowings in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency Rate Advances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 4 contracts

Samples: 364 Day Bridge Credit Agreement (TWDC Enterprises 18 Corp.), 364 Day Credit Agreement (Walt Disney Co), 364 Day Credit Agreement (TWDC Enterprises 18 Corp.)

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Prepayments of Advances. The Borrower may, upon not less ------------------------ than (i) the same Business Day’s 's notice to the Designated Administrative Agent received not later than 11:00 A.M. (New York City time) in the case of Borrowings consisting of Base Rate Advances or (ii) and upon at least three Business Days' notice to the Designated Administrative Agent received not later than 1:00 P.M. (New York City time) in the case of Borrowings consisting of Eurocurrency Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances constituting part of the same Borrowings in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (xa) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and (yb) in the case of any such prepayment of Eurocurrency Eurodollar Rate Advances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 2 contracts

Samples: Credit Agreement (Dc Holdco Inc), Dc Holdco Inc

Prepayments of Advances. The Borrower may, upon not ----------------------- less than (i) the same Business Day’s 's notice to the Designated Administrative Agent received not later than 11:00 A.M. (New York City time) in the case of Borrowings consisting of Base Rate Advances or (ii) and upon at least three Business Days' notice to the Designated Administrative Agent received not later than 1:00 P.M. (New York City time) in the case of Borrowings consisting of Eurocurrency Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances constituting part of the same Borrowings in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (xa) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and (yb) in the case of any such prepayment of Eurocurrency Eurodollar Rate Advances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 2 contracts

Samples: Credit Agreement (Walt Disney Co/), Credit Agreement (Walt Disney Co/)

Prepayments of Advances. The Borrower may, upon not less than (i) the same Business Day’s on notice to the Designated Agent received given not later than 11:00 A.M. a.m. (New York City time) on the second Business Day prior to the date of the proposed prepayment of Advances (in the case of Borrowings consisting of Base Eurodollar Rate Advances Advances) or (ii) three Business Days’ notice to the Designated Agent received given not later than 1:00 P.M. 11:00 a.m. (New York City time) on the Business Day of the proposed prepayment of Advances (in the case of Borrowings consisting of Eurocurrency Base Rate Advances), stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay prepay, without penalty or premium, the outstanding principal amounts of the Advances constituting comprising part of the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 5,000,000 or an integral multiple Credit Agreement multiples of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance on a day other than the last day of an Interest Period therefor, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c). The Borrower shall have no right to prepay the Advances except as provided in this Section 2.10 (or as required pursuant to the other provisions of this Agreement).

Appears in 1 contract

Samples: Credit Agreement (Coca Cola Bottling Co Consolidated /De/)

Prepayments of Advances. The Borrower may, upon not less than (i) the same Business Day’s on notice to the Designated Agent received given not later than 11:00 A.M. a.m. (New York City time) on the second Business Day prior to the date of the proposed prepayment of Advances (in the case of Borrowings consisting of Base Eurodollar Rate Advances Advances) or (ii) three Business Days’ notice to the Designated Agent received given not later than 1:00 P.M. 11:00 a.m. (New York City time) on the Business Day of the proposed prepayment of Advances (in the case of Borrowings consisting of Eurocurrency Base Rate Advances), stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay prepay, without penalty or premium, the outstanding principal amounts of the Advances constituting comprising part of the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 5,000,000 or an integral multiple multiples of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance on a day other than the last day of an Interest Period therefor, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c). The Credit Agreement Borrower shall have no right to prepay the Advances except as provided in this Section 2.10 (or as required pursuant to the other provisions of this Agreement).

Appears in 1 contract

Samples: Credit Agreement (Coca Cola Bottling Co Consolidated /De/)

Prepayments of Advances. The Borrower may, upon not less than (i) the same Business Day’s on notice to the Designated Agent received given not later than 11:00 A.M. a.m. (New York City time) on the second Business Day prior to the date of the proposed prepayment of Advances (in the case of Borrowings consisting of Base Eurodollar Rate Advances Advances) or (ii) three Business Days’ notice to the Designated Agent received given not later than 1:00 P.M. 11:00 a.m. (New York City time) on the Business Day of the proposed prepayment of Advances (in the case of Borrowings consisting of Eurocurrency Base Rate Advances), stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay prepay, without penalty or premium, the outstanding principal amounts of the Advances constituting comprising part of the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 5,000,000 or an integral multiple multiples of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance on a day other than the last day of an Interest Period therefor, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c). The Borrower shall have no right to prepay the Advances except as provided in this Section 2.11 (or as required pursuant to the other provisions of this Agreement).

Appears in 1 contract

Samples: Credit Agreement (Coca Cola Bottling Co Consolidated /De/)

Prepayments of Advances. (a) The Borrower may, upon not less than (i) the same Business Day’s on notice to the Designated Agent received given not later than 11:00 A.M. 12:00 noon (New York City time) on the second Business Day prior to the date of the proposed prepayment of Advances (in the case of Borrowings consisting of Base an Eurodollar Rate Advances Advances) or (ii) three Business Days’ notice to the Designated Agent received given not later than 1:00 P.M. 12:00 noon (New York City time) on the Business Day of the proposed prepayment of Advances (in the case of Borrowings consisting of Eurocurrency Base Rate Advances), stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances constituting comprising part of the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 10,000,000 or an integral multiple multiples of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance on a day other than the last day of an Interest Period therefor, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c).

Appears in 1 contract

Samples: Credit Agreement (Nasdaq Stock Market Inc)

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Prepayments of Advances. The Borrower may, upon not less than (i) the same Business Day’s on notice to the Designated Agent received given not later than 11:00 A.M. a.m. (New York City time) on the second Business Day prior to the date of the proposed prepayment of Advances (in the case of Borrowings consisting of Base Eurodollar Rate Advances Advances) or (ii) three Business Days’ notice to the Designated Agent received given not later than 1:00 P.M. 11:00 a.m. (New York City time) on the Business Day of the proposed prepayment of Advances (in the case of Borrowings consisting of Eurocurrency Base Rate Advances), stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay prepay, without penalty or premium, the outstanding principal amounts of the Advances constituting comprising part of the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 5,000,000 or an integral multiple multiples of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance on a day other than the last day of an Interest Period therefor, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c). The Borrower shall have no right to prepay the Advances except as provided in this Section 2.10 (or as required pursuant to the other provisions of this Agreement).

Appears in 1 contract

Samples: Distribution Agreement (Coca Cola Bottling Co Consolidated /De/)

Prepayments of Advances. (a) The Borrower may, upon not less than (i) the same Business Day’s notice to the Designated Agent received not later than 11:00 A.M. (New York City time) in the case of Borrowings consisting of Base Rate Advances or (ii) three Business Days’ notice to the Designated Agent received not later than 1:00 P.M. (New York City time) at least two Business Days prior to the date of such prepayment, in the case of Borrowings consisting of Eurocurrency Eurodollar Rate Advances, and not later than 1:00 P.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent (which shall promptly notify each of the Lenders) stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts amount of the Advances constituting comprising part of the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and (y) in the case event of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Gatx Corp)

Prepayments of Advances. The Borrower may, upon not less than (ia) the same Business Day’s notice to the Designated Agent received not later than 11:00 A.M. (New York City time) in the case of Borrowings consisting of Base Rate Advances or (iib) three Business Days’ notice to the Designated Agent received not later than 1:00 P.M. (New York City time) in the case of Borrowings consisting of Eurocurrency Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances constituting part of the same Borrowings in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the case of any such prepayment of Eurocurrency Rate Advances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 1 contract

Samples: 364 Day Credit Agreement (Walt Disney Co)

Prepayments of Advances. (a) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in subsection (b) below.(b) The Borrower may, upon not less than (i) the same Business Day’s notice given to the Designated Administrative Agent received not later than 11:00 A.M. (New York City time) at least two Business Days prior to the proposed prepayment, in the case of Borrowings consisting any Eurodollar Rate Advance, and on the date of Base Rate Advances or (ii) three Business Days’ notice to the Designated Agent received not later than 1:00 P.M. (New York City time) proposed prepayment, in the case of Borrowings consisting of Eurocurrency any Base Rate Advances, stating the proposed date and aggregate principal amount of the prepaymentAdvance, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances constituting part of comprising the same Borrowings Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaidprepaid and, in the case of any Eurodollar Rate Advance, any amount payable pursuant to Section 8.04(b); provided, however, that (xi) each partial prepayment shall be in an aggregate principal amount of not less than $1,000,000 or an 5,000,000 and in integral multiple multiples of $1,000,000 in excess thereof and (yii) in the case of any such prepayment of Eurocurrency a Eurodollar Rate AdvancesAdvance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b)) on the date of such prepayment.

Appears in 1 contract

Samples: Credit Agreement (Florida Progress Corp)

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