Common use of Repayments and Reborrowings Clause in Contracts

Repayments and Reborrowings. At least three (3) Business Days prior to the Payment Date for each Eurodollar Advance, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of such Eurodollar Advance (A) is to be repaid and then reborrowed in whole or in part as one or more Eurodollar Advances, (B) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, or (C) is to be repaid and not reborrowed. The failure to give such notice shall preclude the Borrower from reborrowing such Advance as a Eurodollar Advance on its Payment Date and shall be deemed a request for a Base Rate Advance. Upon such Payment Date such Eurodollar Advance will, subject to the provisions hereof, be so repaid and, as applicable, reborrowed.

Appears in 6 contracts

Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)

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Repayments and Reborrowings. At least three (3) Business Days prior to the Payment Date for each a Eurodollar Advance, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of such Eurodollar Advance outstanding on the Payment Date (A) is to be repaid and then reborrowed in whole or in part as one or more a Eurodollar AdvancesAdvance, and the Interest Period selected, (B) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, or (C) is to be repaid and not reborrowed. The failure to give such notice shall preclude the Borrower from reborrowing such Advance as a Eurodollar Advance on its Payment Date and shall be deemed a request for a Base Rate Advancereborrowed at that time. Upon such Payment Date such Eurodollar Advance will, subject to the provisions hereof, be so repaid and, as applicable, reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Western Wireless Corp), Loan Agreement (Western Wireless Corp)

Repayments and Reborrowings. At least three (3) Business Days prior to the Payment Date for each a Eurodollar Advance, the each Borrower shall give the relevant Administrative Agent written notice specifying whether all or a portion of such Eurodollar Advance outstanding on the Payment Date (A) is to be repaid and then reborrowed in whole or in part as one or more a Eurodollar AdvancesAdvance, and the Interest Period selected, (B) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, or (C) is to be repaid and not reborrowed. The failure to give such notice shall preclude the Borrower from reborrowing such Advance as a Eurodollar Advance on its Payment Date and shall be deemed a request for a Base Rate Advancereborrowed at that time. Upon such Payment Date such Eurodollar Advance will, subject to the provisions hereof, be so repaid and, as applicable, reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Movie Gallery Inc)

Repayments and Reborrowings. At least three (3) Business Days prior to the Payment Date for each a Eurodollar Advance, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of such Eurodollar Advance outstanding on the Payment Date (A) is to be repaid and then reborrowed in whole or in part as one or more a Eurodollar AdvancesAdvance, 30 and the Interest Period selected, (B) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, Advance or (C) is to be repaid and not reborrowed. The failure to give such notice shall preclude the Borrower from reborrowing such Advance as a Eurodollar Advance on its Payment Date and shall be deemed a request for a Base Rate Advancereborrowed at that time. Upon such Payment Date such Eurodollar Advance will, subject to the provisions hereof, be so repaid and, as applicable, reborrowed.

Appears in 1 contract

Samples: Loan Agreement (Western Wireless Corp)

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Repayments and Reborrowings. At least three (3) Business Days prior to the each Payment Date for each a Eurodollar Advance, the Borrower shall give the Administrative Agent written notice in the form of a Notice of Continuation/Conversion specifying whether all or a portion of such any Eurodollar Advance outstanding on the Payment Date (Aa) is to be repaid and then reborrowed in whole or in part as one or more a new Eurodollar AdvancesAdvance, in which case such notice shall also specify the Eurodollar Advance Period which the Borrower shall have selected for such new Eurodollar Advance, (Bb) is to be repaid and then reborrowed in whole or in part as a Base Rate Advance, or (Cc) is to be repaid and not reborrowed. The failure to give such notice shall preclude the Borrower from reborrowing such Advance as a Eurodollar Advance on its Payment Date and shall be deemed a request for a Base Rate Advance. Upon such Payment Date such Eurodollar Advance will, subject to the provisions hereof, be so repaid and, as applicable, reborrowed.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

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