Common use of Voluntary Prepayments of Committed Borrowings Clause in Contracts

Voluntary Prepayments of Committed Borrowings. (i) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in this subsection (c). (ii) The Borrower may, upon notice to the Administrative Agent no later than 11:00 A.M. (New York time) (i) on the date the Borrower proposes to prepay Advances in the case of Base Rate Advances and (ii) at least two (2) Business Days' notice to the Administrative Agent in the case of Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Committed Borrowing in whole or ratably in part; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and multiples of $1,000,000 in excess thereof, and (y) in the case of any such prepayment of any Eurodollar Rate Advance, the Borrower shall pay all accrued interest to the date of such prepayment on the portion of such Eurodollar Rate Advance being prepaid and shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 2 contracts

Samples: Credit Agreement (Dial Corp /New/), Credit Agreement (Dial Corp /New/)

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Voluntary Prepayments of Committed Borrowings. (i) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in this subsection (c). (ii) The Borrower may, upon notice to the Administrative Agent no later than 11:00 A.M. (New York time) (i) on the date the Borrower proposes to prepay Committed Advances in the case of Base Rate Advances and (ii) at least two (2) Business Days' notice to the Administrative Agent in the case of Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Committed Borrowing in whole or ratably in part; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof, and (y) in the case of any such prepayment of any Eurodollar Rate Advance, the Borrower shall pay all accrued interest to the date of such prepayment on the portion of such Eurodollar Rate Advance being prepaid and shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

Voluntary Prepayments of Committed Borrowings. (i) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in this subsection (c). (ii) The Borrower may, upon notice to the Administrative Agent no later than 11:00 A.M. (New York time) (i) on the date the Borrower proposes to 21 Credit Agreement (Short Term) prepay Committed Advances in the case of Base Rate Advances and (ii) at least two (2) Business Days' notice to the Administrative Agent in the case of Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Committed Borrowing in whole or ratably in part; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof, and (y) in the case of any such prepayment of any Eurodollar Rate Advance, the Borrower shall pay all accrued interest to the date of such prepayment on the portion of such Eurodollar Rate Advance being prepaid and shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

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Voluntary Prepayments of Committed Borrowings. (i) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in this subsection (c).. 33 (ii) The Borrower may, upon notice to the Administrative Agent no later than 11:00 A.M. (New York time) (i) on the date the Borrower proposes to prepay Committed Advances in the case of Base Rate Advances and (ii) at least two (2) Business Days' notice to the Administrative Agent in the case of Eurodollar Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Committed Borrowing in whole or ratably in part; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and integral multiples of $1,000,000 in excess thereof, and (y) in the case of any such prepayment of any Eurodollar Rate Advance, the Borrower shall pay all accrued interest to the date of such prepayment on the portion of such Eurodollar Rate Advance being prepaid and shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b).

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

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