Common use of Voluntary Prepayment of LIBOR Rate Loans Clause in Contracts

Voluntary Prepayment of LIBOR Rate Loans. A LIBOR Rate Loan may be prepaid upon the terms and conditions set forth herein. For a LIBOR Rate Loan in connection with which the Borrower has or may incur Hedging Obligations, additional obligations may be associated with prepayment, in accordance with the terms and conditions of the applicable Hedging Contracts. The Borrower shall give the Bank, no later than 10:00 a.m., New York City time, at least four (4) Business Days notice of any proposed prepayment of a LIBOR Rate Loan, specifying the proposed date of payment of such LIBOR Rate Loan, and the principal amount to be paid. Each partial prepayment of the principal amount of a LIBOR Rate Loan shall be in an integral multiple of $10,000 and accompanied by the payment of all charges outstanding on such LIBOR Rate Loan (including the LIBOR Breakage Fee) and of all accrued interest on the principal repaid to the date of payment.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Chesapeake Utilities Corp), Term Loan Credit Agreement (Chesapeake Utilities Corp)

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Voluntary Prepayment of LIBOR Rate Loans. A LIBOR Rate Loan Loans may be prepaid upon the terms and conditions set forth herein. For a LIBOR Rate Loan Loans in connection with which the Borrower has or may incur Hedging Obligations, additional obligations may be associated with prepayment, in accordance with the terms and conditions of the applicable Hedging Contracts. The Borrower shall give the Bank, no later than 10:00 a.m.12:00 Noon Boston, New York City Massachusetts time, at least four two (42) Business Days notice of any proposed prepayment of a any LIBOR Rate LoanLoans, specifying the proposed date of payment of such LIBOR Rate LoanLoans, and the principal amount to be paid. Each partial prepayment of the principal amount of a LIBOR Rate Loan Loans shall be in an integral multiple of $10,000 1,000,000.00 and accompanied by the payment of all charges outstanding on such LIBOR Rate Loan Loans (including the LIBOR Breakage Fee) and of all accrued interest on the principal repaid to the date of payment.

Appears in 1 contract

Samples: Revolving Credit Note (Cubist Pharmaceuticals Inc)

Voluntary Prepayment of LIBOR Rate Loans. A LIBOR Rate Loan Loans may be prepaid upon the terms and conditions set forth hereinin this Agreement. For a LIBOR Rate Loan Loans in connection with which the Borrower has Borrowers have or may incur Hedging Obligations, additional obligations may be associated with prepayment, in accordance with the terms and conditions of the applicable Hedging Contracts. The Administrative Borrower shall give the BankLender, no later than 10:00 a.m., New York City time, at least four (4) Business Days notice of any proposed prepayment of a any LIBOR Rate LoanLoans, specifying the proposed date of payment of such LIBOR Rate LoanLoans, and the principal amount to be paid. Each partial prepayment of the principal amount of a LIBOR Rate Loan Loans shall be in an integral multiple of $10,000 500,000 and accompanied by the payment of all charges outstanding on such LIBOR Rate Loan Loans (including the LIBOR Breakage Fee) and of all accrued interest on the principal repaid to the date of payment.

Appears in 1 contract

Samples: Credit Agreement (Ultralife Corp)

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Voluntary Prepayment of LIBOR Rate Loans. A LIBOR Rate Loan Loans may be prepaid upon the terms and conditions set forth herein. For a LIBOR Rate Loan Loans in connection with which the Borrower has or may incur Hedging Obligations, additional obligations may be associated with prepayment, in accordance with the terms and conditions of the applicable Hedging Contracts. The Borrower shall give the BankLender, no later than 10:00 a.m., New York City time, at least four (4) Business Days notice of any proposed prepayment of a any LIBOR Rate LoanLoans, specifying the proposed date of payment of such LIBOR Rate LoanLoans, and the principal amount to be paid. Each partial prepayment of the principal amount of a LIBOR Rate Loan Loans shall be in an integral multiple of $10,000 100,000 and accompanied by the payment of all charges outstanding on such LIBOR Rate Loan Loans (including the LIBOR Breakage Fee) and of all accrued interest on the principal repaid to the date of payment.

Appears in 1 contract

Samples: Revolving Line of Credit Note (National Investment Managers Inc.)

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