Common use of Voluntary prepayment of Revolving Facility Utilisations Clause in Contracts

Voluntary prepayment of Revolving Facility Utilisations. (a) The Borrower to which a Revolving Facility Utilisation has been made may, if it gives the Agent not less than five RFR Banking Days’ (or such shorter period as the Majority Lenders and the Agent may agree) prior notice, prepay the whole or any part of a Revolving Facility Utilisation (but, if in part, being an amount that reduces the Revolving Facility Utilisation by a minimum amount of £500,000).

Appears in 2 contracts

Samples: Senior Facilities Agreement, Senior Facilities Agreement

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Voluntary prepayment of Revolving Facility Utilisations. (a) The A Borrower to which a Revolving Facility Utilisation has been made may, if it or the Company gives the Agent not less than five RFR Banking Business Days’ (or such shorter period as the Majority Lenders and the Agent may agree) prior notice, prepay the whole or any part of a Revolving Facility Utilisation (but, but if in part, being an amount that reduces the Base Currency Amount of the Revolving Facility Utilisation by a minimum amount of £500,000€1,000,000).

Appears in 2 contracts

Samples: South Texas Supply Company, Inc., South Texas Supply Company, Inc.

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Voluntary prepayment of Revolving Facility Utilisations. (a) The A Borrower to which a Revolving Facility Utilisation has been made may, if it or the Company gives the Facility Agent not less than five RFR Banking Business Days' (or such shorter period as the Majority Lenders and the Agent may agree) prior notice, prepay the whole or any part of a Revolving Facility Utilisation (but, but if in part, being an amount that reduces the Base Currency Amount of the Revolving Facility Utilisation by a minimum amount of £500,000$2,000,000 (or its equivalent)).

Appears in 1 contract

Samples: Facilities Agreement (NDS Group PLC)

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