Common use of Effect of notice of prepayment Clause in Contracts

Effect of notice of prepayment. The Company shall notify the Lenders in writing at their addresses shown in the Register of any date set for mandatory or optional prepayment (each such day, a "Prepayment Date") of applicable Loans. Once such notice is sent or mailed, the Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 2 contracts

Sources: Senior Subordinated Credit Agreement (Bio Rad Laboratories Inc), Senior Subordinated Credit Agreement (Bio Rad Laboratories Inc)

Effect of notice of prepayment. The Company Borrower shall notify the Lenders in writing at their addresses shown in the Loan Register of any date set for mandatory or optional prepayment (each such day, a "Prepayment DatePREPAYMENT DATE") of applicable Loans. Once such notice is sent or mailed, the Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 2 contracts

Sources: Bridge Loan Agreement (Creditrust Corp), Bridge Loan Agreement (Windmere Durable Holdings Inc)

Effect of notice of prepayment. The Company shall notify the Lenders of any prepayment in writing at their addresses shown in the Register of Register, which notice shall be given at least one Business Day prior to any date set for mandatory or optional prepayment of Loans (each such day, a "Prepayment Date") of applicable Loans). Once such notice is sent or mailed, the Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 1 contract

Sources: Bridge Loan Agreement (Lincoln Electric Holdings Inc)

Effect of notice of prepayment. The Company Borrower shall notify the Lenders in writing at their addresses shown in the Loan Register of any date set for mandatory or optional prepayment (each such day, a "Prepayment DatePREPAYMENT DATE") of applicable Term Loans. Once such notice is sent or mailed, the Term Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 1 contract

Sources: Term Loan Agreement (Flashnet Communications Inc)

Effect of notice of prepayment. The Company Borrower shall notify the Lenders in writing at their addresses shown in the Loan Register of any date set for mandatory or optional prepayment (each such day, a "Prepayment Date") of applicable Loans. Once such notice is sent or mailed, the Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 1 contract

Sources: Bridge Loan Agreement (Pacificorp /Or/)

Effect of notice of prepayment. The Company Borrower shall notify the Lenders in writing at their addresses shown in the Loan Register of any date set for mandatory or optional prepayment (each such day, a "Prepayment Date") of applicable Loans. Once such notice is sent or mailedreceived, the Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 1 contract

Sources: Bridge Loan Agreement (Pca International Inc)

Effect of notice of prepayment. The Company Borrower shall notify the Lenders in writing at their addresses shown in the Loan Register of any date set for mandatory or optional prepayment (each such day, a "Prepayment DatePREPAYMENT DATE") of applicable Bridge Loans. Once such notice is sent or mailed, the Bridge Loans to be prepaid shall become due and payable on the Prepayment Date set forth in such notice. Such notice may not be conditional.

Appears in 1 contract

Sources: Bridge Loan Agreement (Agco Corp /De)