Common use of Voluntary LIBOR Advance Prepayments Clause in Contracts

Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative Lender, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be irrevocable.

Appears in 3 contracts

Samples: Credit Agreement (Signature Resorts Inc), Credit Agreement (Sunterra Corp), Credit Agreement (Pc Service Source Inc)

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Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative Lender, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section SECTION 2.9 hereof. Any notice of prepayment shall be irrevocable.

Appears in 2 contracts

Samples: Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Power One Inc)

Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior ----------------------------------- telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative Lender, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be ----------- irrevocable. Subject to the other terms and provisions hereof, Base Rate Advances may be voluntarily prepaid at any time.

Appears in 2 contracts

Samples: Credit Agreement (Compucom Systems Inc), Credit Agreement (Safeguard Scientifics Inc Et Al)

Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative LenderAgent, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be irrevocable.

Appears in 2 contracts

Samples: Credit Agreement (Kevco Inc), Credit Agreement (Xircom Inc)

Voluntary LIBOR Advance Prepayments. Upon three two Business Days' prior ----------------------------------- telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative Lender, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be ----------- irrevocable.

Appears in 2 contracts

Samples: Credit Agreement (Kevco Inc), Credit Agreement (Compusa Inc)

Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior ----------------------------------- telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative LenderAgent, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be ----------- irrevocable.

Appears in 2 contracts

Samples: Credit Agreement (Doskocil Manufacturing Co Inc), Credit Agreement (Kevco Inc)

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Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior ----------------------------------- telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative Lender, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be ----------- irrevocable.

Appears in 2 contracts

Samples: Credit Agreement (Compucom Systems Inc), Credit Agreement (Signature Resorts Inc)

Voluntary LIBOR Advance Prepayments. Upon three Business Days' prior telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative LenderAgent, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof; provided, however, the Lenders acknowledge and agree that no other penalties or premiums shall be paid in connection with such prepayment. Any notice of prepayment shall be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (Uk Abba Products Inc)

Voluntary LIBOR Advance Prepayments. Upon three two Business Days' prior telephonic notice (to be promptly followed by written notice) by an Authorized Signatory to the Administrative Lender, LIBOR Advances may be voluntarily prepaid but only so long as the Borrower concurrently reimburses the Lenders in accordance with Section 2.9 hereof. Any notice of prepayment shall be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

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