Common use of Prepayments of Swingline Loans Clause in Contracts

Prepayments of Swingline Loans. The Borrower may prepay any Swingline Loan on one Business Days' prior notice to the Swingline Lender without interest or penalty, but subject to the payment of any funding losses incurred by the Swingline Lender by reason of such early repayment, as determined by the Swingline Lender. A statement setting forth the Swingline Lender's calculation of any such funding loss shall be conclusive absent manifest error. Each such prepayment must be in the minimum amount of $100,000 plus integral multiples of $100,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Urstadt Biddle Properties Inc), Assignment and Assumption Agreement (Urstadt Biddle Properties Inc)

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Prepayments of Swingline Loans. The Borrower may prepay any Swingline Loan on one Business Days' ’ prior notice to the Swingline Lender without interest or penalty, but subject to the payment of any funding losses incurred by the Swingline Lender by reason of such early repayment, as determined by the Swingline Lender. A statement setting forth the Swingline Lender's ’s calculation of any such funding loss shall be conclusive absent manifest error. Each such prepayment must be in the minimum amount of $100,000 plus integral multiples of $100,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Urstadt Biddle Properties Inc), Credit Agreement (Urstadt Biddle Properties Inc)

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