Common use of Prepayments of Loans Clause in Contracts

Prepayments of Loans. The Borrower may (i) upon at least one Business Day's notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days' notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

Appears in 6 contracts

Samples: Credit Agreement (PPL Montana LLC), Credit Agreement (PPL Montana LLC), 364 Day Credit Agreement (PPL Electric Utilities Corp)

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Prepayments of Loans. The Borrower may (i) upon at least one -------------------- Business Day's notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days' notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (PPL Corp), 364 Day Credit Agreement (PPL Corp), 364 Day Credit Agreement (PPL Corp)

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