Prepayments of Revolving Credit Loans Sample Clauses

Prepayments of Revolving Credit Loans. 65 Section 3.04 Fees ................................................................................................................... 68 ARTICLE IV
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Prepayments of Revolving Credit Loans. 20 Section 2.08 Assumption of Risks.............. 20 Section 2.09 Obligation to Reimburse and to Prepay........................... 21 Section 2.10 Lending Offices.................. 23 Section 2.11
Sample 1
Prepayments of Revolving Credit Loans. (a) The Borrower may prepay the Base Rate Loans that are Revolving Credit Loans upon not less than one (1) Business Day's prior notice to the Agent (which shall promptly notify the Lenders), which notice shall specify the prepayment date (which shall be a Business Day) and the amount of the prepayment (which shall be at least $500,000 of, if greater, in multiples of $25,000, or the remaining aggregate principal balance outstanding on the Revolving Credit Notes) and shall be irrevocable and effective only upon receipt by the Agent. The Borrower may prepay LIBOR Loans that are Revolving Credit Loans on the same condition as for Base Rate Loans, except that not less than three Business Days' notice shall be required and in addition such prepayments of LIBOR Loans shall be subject to the terms of Section 5.05 and shall be in an amount equal to all of the LIBOR Loans for the Interest Period prepaid. Notices received after 11:00 a.m., Charlotte, North Carolina time, shall be deemed to have been received on the following Business Day.
Sample 1
Prepayments of Revolving Credit Loans. 1 Each such notice of termination or reduction shall specify the amount of the Commitments to be terminated or reduced. Each such notice of borrowing, Conversion, Continuation or prepayment shall specify the Loans to be borrowed, Converted, Continued or prepaid and the amount (subject to Section 2.8 hereof) ----------- and Type of the Loans to be borrowed, Converted, Continued or prepaid (and, in the case of a Conversion, the Type of Loans to result from such Conversion) and the date of borrowing, Conversion, Continuation or prepayment (which shall be a Business Day). Notices of borrowings, Conversions, Continuations or prepayments shall be in the form of Exhibit E hereto, appropriately completed as applicable. --------- Each such notice of the duration of an Interest Period shall specify the Loans to which such Interest Period is to relate. The Agent shall promptly notify the Lenders of the contents of each such notice. In the event the Borrower fails to select the Type of Loan, or the duration of any Interest Period for any Eurodollar Loan, within the time period and otherwise as provided in this Section 2.9, such Loan (if outstanding as Eurodollar Loan) will be automatically ----------- Converted into a Prime Rate Loan on the last day of preceding Interest Period for such Loan or (if outstanding as a Prime Rate Loan) will remain as, or (if not then outstanding) will be made as, a Prime Rate Loan. The Borrower may not borrow any Eurodollar Loans, Convert any Loans into Eurodollar Loans or Continue any Loans as Eurodollar Loans if the interest rate for such Eurodollar Loans would exceed the Maximum Rate.
Sample 1
Prepayments of Revolving Credit Loans. In Connection With Commitment Reductions; Revolving Credit Maturity Date. The amount of the Revolving Credit Loans may not, at any time, exceed the amount of the Revolving Credit Commitment. Therefore, upon the effective date of each reduction in the Revolving Credit Commitment (whether scheduled, mandatory or voluntary), the Borrower shall pay to the Agent for the benefit of the Lenders the principal amount of the Revolving Credit Loans to the extent, if any, that the aggregate principal amount of the Revolving Credit Loans then outstanding exceeds the amount of the Revolving Credit Commitment as so reduced. Notwithstanding anything else provided herein, all outstanding amounts of principal on the Revolving Credit Loans, together with all interest thereon and fees related thereto, if not due and payable before, shall be due and payable on the Revolving Credit Maturity Date.
Sample 1
Prepayments of Revolving Credit Loans. (a) The Company may on the last day of the relevant Interest Period if the Revolving Credit Loans to be prepaid are in whole or in part Eurodollar Loans, or at any time and from time to time if the Revolving Credit Loans to be prepaid are ABR Loans, prepay the Revolving Credit Loans hereunder, in whole or in part, upon receipt by the Agent of notice thereof prior to 10:00 A.M., New York City time, on the date which is one Business Day prior to the date thereof, specifying the date and amount of prepayment and whether the prepayment is of Eurodollar or ABR Loans or a combination thereof and, if a combination thereof, the amount of prepayment allocable to each. If the Agent receives any such notice, it shall promptly notify the Banks thereof. If such notice is given, the Company shall make such prepayment, and the payment amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest to such date on the amount prepaid and any amounts payable pursuant to subsection 2.17 in connection therewith. Partial prepayments of Revolving Credit Loans shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof.
Sample 1
Prepayments of Revolving Credit Loans 
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Related to Prepayments of Revolving Credit Loans

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

  • The Revolving Credit Advances Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect of any Revolving Credit Advance denominated in a Major Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing), not to exceed at any time outstanding such Lender's Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount (based in respect of any Competitive Bid Advance denominated in a Foreign Currency on the Equivalent in Dollars at such time) of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit Borrowing shall be in an aggregate amount not less than $10,000,000 (or the Equivalent thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) or an integral multiple of $1,000,000 (or the Equivalent thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments; provided, however, that if there is no unused portion of the Commitment of one or more Lenders at the time of any requested Revolving Credit Borrowing such Borrowing shall consist of Revolving Credit Advances of the same Type made on the same day by the Lender or Lenders who do then have an unused portion of their Commitments ratably according to the unused portion of such Commitments. Notwithstanding anything herein to the contrary, no Revolving Credit Borrowing may be made in a Major Currency if, after giving effect to the making of such Revolving Credit Borrowing, the Equivalent in Dollars of the aggregate amount of outstanding Revolving Credit Advances denominated in Major Currencies, together with the Equivalent in Dollars of the aggregate amount of outstanding Competitive Bid Advances denominated in Foreign Currencies, would exceed $500,000,000. Within the limits of each Lender's Commitment, any Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

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