Common use of Optional Principal Payments Clause in Contracts

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Rate Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon notice to the Administrative Agent by 11:00 a.m. (New York time) on the Business Day of the proposed prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an outstanding Eurodollar Advance, upon two (2) Business Days’ prior notice to the Administrative Agent.

Appears in 3 contracts

Sources: Credit Agreement (Aon Corp), Credit Agreement (Aon Corp), Credit Agreement (Aon Corp)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Rate Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon notice to the Administrative Agent by 11:00 a.m. (New York time) on the Business Day of the proposed prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 3.04 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an outstanding Eurodollar Advance, upon two three (23) Business Days’ prior notice to the Administrative Agent. Prepayments shall be applied to scheduled amortization of the Loans as directed by the Borrower.

Appears in 3 contracts

Sources: Term Credit Agreement (Aon Corp), Term Credit Agreement (Aon Corp), Credit Agreement (Aon Corp)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Floating Rate Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 100,000 in excess thereof, any portion of the outstanding Alternate Base Floating Rate Advances not later than 1:00 p.m. (Dallas time) upon prior notice to the Administrative Agent by 11:00 a.m. (New York time) on the Business Day date of the proposed such prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 100,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two (2) three Business Days' prior notice to the Administrative Agent.

Appears in 2 contracts

Sources: Credit Agreement (Centex Construction Products Inc), Credit Agreement (Centex Construction Products Inc)

Optional Principal Payments. The Borrower Borrowers may from time to time pay, without penalty or premium, all outstanding Alternate Base Floating Rate Advances, oror any portion of the outstanding Floating Rate Advances, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 250,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon prior notice to the Administrative Agent by 11:00 a.m. at or before 12:00 noon (New York Chicago time) on the one (1) Business Day prior to the date of the proposed prepaymentsuch payment. The Borrower Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two five (25) Business Days’ prior notice to the Administrative Agent.

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (Acuity Brands Inc)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Rate Advances, or, in a minimum aggregate amount of $10,000,000 5,000,000 or any integral multiple of $1,000,000 500,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon notice to the Administrative Agent by 11:00 prior to 10:00 a.m. (New York Chicago time) on the Business Day date of the proposed such prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two three (23) Business Days' prior notice to the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Dexter Corp)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Rate Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon notice to the Administrative Agent by 11:00 a.m. (New York time) on the Business Day of the proposed prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 3.04 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an outstanding Eurodollar Advance, upon two three (23) Business Days’ prior notice to the Administrative Agent.

Appears in 1 contract

Sources: Senior Bridge Term Loan Credit Agreement (Aon Corp)

Optional Principal Payments. The Borrower may from time to time paypay on any Business Day, without penalty or premium, all outstanding Alternate Base Floating Rate Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 500,000 in excess thereof, any portion of the outstanding Alternate Base Floating Rate Advances upon notice to the Administrative Agent by 11:00 (not later than 10:00 a.m. (New York Chicago time) on the Business Day proposed day of the proposed prepaymentpayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, Advances or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 500,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two (2) three Business Days' prior notice to the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Madison Gas & Electric Co)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Floating Rate Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 100,000 in excess thereof, any portion of the outstanding Alternate Base Floating Rate Advances not later than 1:00 p.m. (Dallas time) upon prior written notice to the Administrative Agent by 11:00 a.m. (New York time) on the Business Day date of the proposed such prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 100,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two (2) three Business Days' prior notice to the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Centex Construction Products Inc)

Optional Principal Payments. The Borrower may from time to time pay, --------------------------- without penalty or premium, all outstanding Alternate Base Floating Rate Advances, or, or any portion of the outstanding Floating Rate Advances in a minimum aggregate amount of $10,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances thereof upon prior notice to the Administrative Agent by 11:00 a.m. at or before noon (New York time) on the Business Day date of the proposed such prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, ----------- or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two five (25) Business Days' prior notice to the Administrative Agent.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Mead Corp)

Optional Principal Payments. The Any Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Rate Advances, Advances (other than Swing Line Loans) or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 500,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances (other than Swing Line Loans) upon one Business Day’s prior notice to the Administrative Agent by 11:00 a.m. (New York time) on the Business Day of the proposed prepaymentAgent. The Any Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, Eurocurrency Advances or, in a minimum aggregate amount of $10,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereofthereof (or the Approximate Equivalent Amount if denominated in an Agreed Currency other than Dollars), any portion of an the outstanding Eurodollar Advance, Eurocurrency Advances upon two (2) three Business Days’ prior notice to the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Cameron International Corp)

Optional Principal Payments. The Borrower may from time to time pay, without penalty or premium, all outstanding Alternate Base Floating Rate Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Alternate Base Floating Rate Advances on any Business Day upon notice to the Administrative Agent by 11:00 a.m. no later than 12:00 noon (New York, New York time) on the Business Day date of the proposed such prepayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 4.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $10,000,000 5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of an the outstanding Eurodollar Advance, Advances upon two three (23) Business Days’ prior written notice to the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Wendy's/Arby's Group, Inc.)

Optional Principal Payments. The Borrower Borrowers may from time to time pay, without penalty or premium, all outstanding Alternate Base Floating Rate Advances or any portion of the outstanding Floating Rate Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 500,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon prior notice to the Administrative Agent by 11:00 a.m. Lender at or before 12:00 noon (New York Chicago time) on the one (1) Business Day prior to the date of the proposed prepaymentsuch payment. The Borrower Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Eurocurrency Ratable Advances, or, in a minimum aggregate amount of $10,000,000 1,000,000 or any integral multiple of $1,000,000 500,000 in excess thereofthereof (or the Approximate Equivalent Amount if denominated in an Agreed Currency other than Dollars), any portion of an the outstanding Eurodollar Advance, Eurocurrency Ratable Advances upon two five (25) Business Days’ prior notice to the Administrative AgentLender.

Appears in 1 contract

Sources: Revolving Credit Agreement (Johnson Outdoors Inc)