Common use of Prepayments of Loans Clause in Contracts

Prepayments of Loans. The Borrower shall have the right to prepay Committed Loans at any time or from time to time; provided, that (a) the Borrower shall give the Administrative Agent notice of each such prepayment as provided in Section 5.5 and (b) prepayments of Eurodollar Loans shall be made together with all amounts payable pursuant to Section 6.5. The Borrower may not prepay Money Market Loans prior to the last day of the Interest Period applicable thereto without the consent of the Bank or Banks holding such Money Market Loans.

Appears in 11 contracts

Samples: 364 Day Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp), Five Year Credit Agreement (American Honda Finance Corp)

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Prepayments of Loans. The Borrower shall have the right to prepay Committed Loans at any time or from time to time; provided, that (a) the Borrower shall give the Administrative Agent notice of each such prepayment as provided in Section 5.5 and (b) prepayments of Eurodollar Term SOFR Loans shall be made together with all amounts payable pursuant to Section 6.5. The Borrower may not prepay Money Market Loans prior to the last day of the Interest Period applicable thereto without the consent of the Bank or Banks holding such Money Market Loans.

Appears in 1 contract

Samples: 364 Day Credit Agreement (American Honda Finance Corp)

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