Repayment of the Revolving Loans. On the Revolving Loan Termination Date, the Borrower shall repay in full the outstanding principal balance of the Revolving Loans.
Repayment of the Revolving Loans. (a) Each Borrower shall repay -------------------------------- to the Agent for the account of the Banks on the Revolving Termination Date the aggregate principal amount of Revolving Loans made to such Borrower and outstanding on such date.
(b) At the option of the Borrowers, upon written notice by the Borrowers' Designee to the Agent to be given not more than 120 days but not later than 30 days prior to the then applicable Revolving Termination Date, the Borrowers' Designee may request that the Revolving Termination Date be extended by successive one-year periods; provided, however, that each such one-year -------- ------- extension shall require the unanimous approval of all of the Banks (such approval to be within the sole discretion of each Bank) and the written consent of each Loan Party; and provided further that if any Bank shall decline to -------- ------- approve of any such extension, the Borrowers' Designee may (i) on or prior to the then applicable Revolving Termination Date, obtain a Replacement Bank to acquire and assume all or part of the Loans and Commitment of such non- consenting Bank in accordance with Section 4.8, or (ii) subject to repayment in full on or prior to the then applicable Revolving Termination Date of all Obligations then owing to each such non-consenting Bank, request that the Revolving Termination Date be extended only with respect to such Banks as have consented to such extension. The Borrowers each acknowledge and agree that (A) no Bank shall have any obligation to increase its Commitment hereunder or otherwise acquire or assume all or any part of any other Bank's Loans or Commitment, whether in connection with an extension of the Revolving Termination Date pursuant to this subsection (b) or otherwise, and (B) in the event that some but not all of the Banks consent to an extension of the Revolving Termination Date pursuant this subsection (b) and the Borrowers' Designee requests that the Revolving Termination Date be extended with respect to such consenting Banks only, the Aggregate Commitment shall be automatically reduced to an amount equal to the combined Commitments of the remaining Banks, subject to Section 2.11.
Repayment of the Revolving Loans. The Borrower hereby unconditionally promises to pay to the order of the Bank the then unpaid principal amount of each Revolving Loan on the Revolving Maturity Date.
Repayment of the Revolving Loans. The Revolving Loans shall be due and payable in full on the Termination Date.
Repayment of the Revolving Loans. Any outstanding Revolving Loans shall be paid in full by the Borrowers on the Commitment Termination Date; PROVIDED, HOWEVER, that nothing in this SECTION 2.2 shall be construed as limiting or modifying the joint and several obligations of the Borrowers to repay any or all of the outstanding Revolving Loans at any earlier time in accordance with the terms of this Agreement.
Repayment of the Revolving Loans. Any outstanding Facility A Revolving Loans shall be paid in full by the Borrower on the Facility A Termination Date, and any outstanding Facility B Revolving Loans shall be paid in full by the Borrower on the Facility B Termination Date; PROVIDED, HOWEVER, that nothing in this SECTION 2.2 shall be construed as limiting or modifying the obligation of the Borrower to repay any or all of the outstanding Revolving Loans at any earlier time in accordance with the terms of this Agreement.
Repayment of the Revolving Loans. The Revolving Loans shall be repaid as follows: (a) unless accelerated in accordance with the terms hereof, the outstanding principal amount of, and all accrued and unpaid interest on, the Revolving Loans is due and payable, without demand, on the Termination Date; (b) if at any time the principal of, and interest upon, the aggregate outstanding Revolving Loans exceeds the lesser of (i) the Revolving Facility Limit or (ii) the Borrowing Base, Borrowers jointly and severally agree to immediately repay the Revolving Loans in the amount of such excess; and (c) each Borrower hereby instructs Lender to repay the Revolving Loans on any day in an amount equal to the amount received by Lender on such day pursuant to Section 6.2.
Repayment of the Revolving Loans. The Revolving Loan shall be payable on the Termination Date, without requiring the Lender first to resort to any other right, remedy or security. In the event the Revolving Loan plus the aggregate undrawn face amount of all letters of credit issued, extended or renewed for the account of the Borrower at any item exceeds the Borrowing Base, the Borrower will immediately, upon notification thereof from the Lender, repay to the Lender the amount by which the Revolving Loan plus such aggregate undrawn face amount exceeds the Borrowing Base."
3. The second and third full paragraphs of Section 2.4 of the Loan Agreement are hereby deleted and the following is inserted in lieu thereof: "The Revolving Loan shall bear interest on the unpaid principal amount thereof outstanding from time to time at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to:
a. The Lender's Prime Rate (the "PRIME RATE OPTION") or
i. the LIBOR Rate plus ii. 125 basis points, all as hereinafter set forth (the "LIBOR BASED RATE") but in no event higher than the maximum rate of interest permitted to be collected by the holder of the Revolving Note under applicable law. As to the Prime Rate Option, in the event the Lender's Prime Rate prevailing on the effective date hereof is subsequently increased or decreased, then as of the date of said increase or decrease, an increase or decrease will be made in the rate of interest which will be charged to Borrower in respect of the Revolving Loan so that the interest rate shall at all times be
Repayment of the Revolving Loans. (a) The Affiliate may prepay all or any portion of the outstanding principal amount of Revolving Loans or accrued interest (as set forth in Section 4.01 below) at any time and from time to time, without premium or penalty. Unless otherwise agreed to by the Affiliated Companies, all partial prepayments shall be applied first to accrued and unpaid interest and second to the unpaid principal amount of the Revolving Loans.
(b) Notwithstanding the foregoing, the Affiliate shall pay the Company the entire outstanding amount of the Revolving Loans, together with any accrued and unpaid interest incurred in accordance with this Agreement, on November 29, 2016 (the “Maturity Date”). The Maturity Date may be extended upon the mutual written agreement of the Affiliated Companies.
Repayment of the Revolving Loans. The Revolving Loans shall be repaid as follows: (a) unless accelerated in accordance with the terms hereof, the outstanding principal amount of, and all accrued and unpaid interest on, the Revolving Loans are due and payable, without demand, on the Maturity Date; (b) if any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder. If at any time the principal of, and interest upon, any portion of the Revolving Loans exceed the lesser of (i) the Revolving Facility Limit or (ii) the Borrowing Base, Borrower shall immediately repay the Revolving Loans in the amount to eliminate such excess; and (c) Borrower hereby instructs Lender to repay the Revolving Loans on any day in an amount equal to the amount received by Lender on such day pursuant to Section 6.2.
