Common use of Prepayments of Base Rate Portion Clause in Contracts

Prepayments of Base Rate Portion. The Borrower, upon oral or written notice to the Agent by an Authorized Officer of Borrower given not later than 12:00 noon (Pittsburgh, Pennsylvania time) on the proposed date for prepayment, may prepay without penalty or premium any or all of the Base Rate Portion. Any oral notice of election hereunder shall be followed immediately by written confirmation of such prepayment election executed by an Authorized Officer of Borrower

Appears in 2 contracts

Samples: Revolving Credit and Letter of Credit Issuance Agreement (Rti International Metals Inc), Revolving Credit and Letter of Credit Issuance Agreement (Rmi Titanium Co)

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Prepayments of Base Rate Portion. The Borrower, upon oral or -------------------------------- written notice to the Agent by an Authorized Officer of Borrower given not later than 12:00 noon (Pittsburgh, Pennsylvania time) on the proposed date for prepayment, may prepay without penalty or premium any or all of the Base Rate Portion. Any oral notice of election hereunder shall be followed immediately by written confirmation of such prepayment election executed by an Authorized Officer of Borrower

Appears in 1 contract

Samples: Revolving Credit and Letter of Credit Issuance Agreement (Carbide Graphite Group Inc /De/)

Prepayments of Base Rate Portion. The BorrowerBorrowers, upon -------------------------------- oral or written notice to the Agent by an Authorized Officer of Borrower Borrowers given not later than 12:00 noon (Pittsburgh, Pennsylvania time) on the proposed date for prepayment, may prepay without penalty or premium any or all of the Base Rate Portion. Any oral notice of election hereunder shall be followed immediately by written confirmation of such prepayment election executed by an Authorized Officer of BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Control Inc)

Prepayments of Base Rate Portion. The Borrower, upon oral or -------------------------------- written notice to the Agent by an Authorized Officer of Borrower given not later than 12:00 noon (Pittsburgh, Pennsylvania time) on the proposed date for prepayment, may prepay without penalty or premium any or all of the Base Rate Portion. Any oral notice of election hereunder shall be followed immediately by written confirmation of such prepayment election executed by an Authorized Officer of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

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Prepayments of Base Rate Portion. The Borrower, upon oral or written notice to the Agent by an Authorized Officer of Borrower given not later than 12:00 noon (Pittsburgh, Pennsylvania time) on the proposed date for prepayment, may prepay without penalty or premium any or all of the Base Rate Portion. Any oral notice of election hereunder shall be followed immediately by written confirmation of such prepayment election executed by an Authorized Officer of Borrower.

Appears in 1 contract

Samples: Revolving Credit and Letter of Credit Issuance Agreement (Pitt Des Moines Inc)

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