Common use of Voluntary Prepayment of Revolving Loans and Term Loans Clause in Contracts

Voluntary Prepayment of Revolving Loans and Term Loans. The Borrower shall have the right to voluntarily prepay Revolving Loans and Term Loans in whole or in part from time to time, subject to Section 3.05 and Section 2.09(g) but otherwise without premium or penalty; provided, however, that each partial prepayment of Revolving Loans and Term Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each payment pursuant to this Section shall be applied as directed by the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Albany Molecular Research Inc), Credit Agreement (Albany Molecular Research Inc), Credit Agreement (Albany Molecular Research Inc)

AutoNDA by SimpleDocs

Voluntary Prepayment of Revolving Loans and Term Loans. The Borrower shall have the right voluntarily to voluntarily prepay Revolving Loans and Term Loans in whole or in part from time to time, subject to Section 3.05 and Section 2.09(g) but otherwise without premium or penalty; provided, however, that each partial prepayment of Revolving Loans and Term Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each payment pursuant to this Section shall be applied as directed by the Borrowerset forth in Section 2.09(e).

Appears in 1 contract

Samples: Credit Agreement (Jazz Pharmaceuticals PLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.