Common use of Optional Repayments Clause in Contracts

Optional Repayments. The Borrowers may at any time and from time to time repay Revolving Credit Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans, in the form attached hereto as EXHIBIT D (a "NOTICE OF PREPAYMENT") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or $2,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans.

Appears in 1 contract

Sources: Credit Agreement (Choice One Communications Inc)

Optional Repayments. The Borrowers may at any time and from time to ------------------- time repay the Revolving Credit Loans or Swingline Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans and Swingline Loans, in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of --------- repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or Loans, $2,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $100,000 or any amount in excess thereof with respect to Swingline Loans.

Appears in 1 contract

Sources: Credit Agreement (Choice One Communications Inc)

Optional Repayments. The Borrowers Borrower may at any time and from time to time repay Revolving Credit the Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day irrevocable notice with respect to Base Rate Loans and Swingline Loans, in the form attached hereto as EXHIBIT D (a "NOTICE OF PREPAYMENT") specifying the date and amount of repayment and whether the repayment is of a Revolving Credit Loan or Acquisition Loan, LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or $2,000,000 3,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and Base Rate Loans and $500,000 or a whole multiple of $250,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to SECTION 4.15.

Appears in 1 contract

Sources: Credit Agreement (Suburban Propane Partners Lp)

Optional Repayments. The Borrowers Borrower may at any time and from time to ------------------- time repay Revolving Credit the Loans, in whole or in part, upon prior written notice, which notice shall be irrevocable, not later than 11:00 a.m. (Charlotte time) at least three (3) Business Days' irrevocable notice Days prior to the Administrative Agent with respect to repayment of any LIBOR Rate Loans Loan and one (1) Business Day irrevocable notice with respect prior to the repayment of any Base Rate LoansLoan, in the form attached hereto as EXHIBIT D Exhibit C (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and --------- amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

Appears in 1 contract

Sources: Credit Agreement (American Business Information Inc /De)

Optional Repayments. The Borrowers Subject to Section 2.5(d), the Borrower may at any time and from time to time repay Revolving Credit the Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Competitive Bid Loans and same Business Day irrevocable notice with respect to Base Rate Loans and Swingline Loans, in the form attached hereto as EXHIBIT D Exhibit B-3 (a "NOTICE OF PREPAYMENTNotice of Prepayment") ), specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Competitive Bid Loans, Base Rate Loans, Swingline Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 10,000,000 or a whole multiple of $250,000 5,000,000 in excess thereof with respect to LIBOR Rate 26 Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans, and $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans or $2,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate and Swingline Loans.

Appears in 1 contract

Sources: Credit Agreement (Lci International Inc /Va/)

Optional Repayments. The Borrowers Borrower may at any time and from time to time repay the Revolving Credit Loans and Swingline Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day Day's irrevocable notice with respect to Base Rate Loans and Swingline Loans, substantially in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable LenderLender by telecopier (or by telephone promptly confirmed by telecopier). If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 2,500,000 or a whole multiple of $250,000 100,000 in excess thereof with respect to Base Rate Loans or (other than Swingline Loans), $2,000,000 2,500,000 or a whole multiple of $500,000 100,000 in excess thereof with respect to LIBOR Rate Loans and $50,000 or a whole multiple of $50,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by an amount required to be paid pursuant to Section 5.9 hereof.

Appears in 1 contract

Sources: Credit Agreement (DRS Technologies Inc)

Optional Repayments. The Borrowers may at any time and from time to time repay Revolving Credit the Loans, in whole or in part, upon (i) at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans Loans, and (ii) one (1) Business Day irrevocable notice with respect to Base Rate Loans, Loans (each such notice shall be substantially in the form of Exhibit D attached hereto as EXHIBIT D hereto) (each, a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable LenderLender of the terms and conditions regarding prepayment. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 250,000 or a whole multiple of $250,000 in excess thereo with respect to Base Rate Loans and $250,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or $2,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Article IV hereof.

Appears in 1 contract

Sources: Credit Agreement (Vermont Pure Holdings LTD)

Optional Repayments. The Borrowers Borrower may at any time and from time to time repay the Revolving Credit Loans and/or Swingline Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and Loans, one (1) Business Day irrevocable notice with respect to Base Rate Loans and irrevocable notice by 1:30 p.m. (Charlotte time) the same Business Day with respect to Swingline Loans, in the form attached hereto as EXHIBIT D (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans, $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans and $300,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9.

Appears in 1 contract

Sources: Credit Agreement (Marshall Industries)

Optional Repayments. The Borrowers Borrower may at any time and from time to time repay the Revolving Credit Loans and Swingline Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day Day’s irrevocable notice with respect to Base Rate Loans and Swingline Loans, substantially in the form attached hereto as EXHIBIT Exhibit D (a "NOTICE OF PREPAYMENT"“Notice of Prepayment”) specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable LenderLender by telecopier (or by telephone promptly confirmed by telecopier). If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 2,500,000 or a whole multiple of $250,000 100,000 in excess thereof with respect to Base Rate Loans or (other than Swingline Loans), $2,000,000 5,000,000 or a whole multiple of $500,000 100,000 in excess thereof with respect to LIBOR Rate Loans and $50,000 or a whole multiple of $50,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by an amount required to be paid pursuant to Section 5.11.

Appears in 1 contract

Sources: Credit Agreement (DRS Technologies Inc)

Optional Repayments. The Borrowers Borrower may at any time and from time to time ------------------- repay Revolving Credit the Loans, in whole or in part, upon prior written notice, which notice shall be irrevocable, not later than 11:00 a.m. (Charlotte time) at least three (3) Business Days' irrevocable notice Days prior to the Administrative Agent with respect to repayment of any LIBOR Rate Loans Loan and one (1) Business Day irrevocable notice with respect prior to the repayment of any Base Rate LoansLoan, in the form attached hereto as EXHIBIT D Exhibit C (a "NOTICE OF PREPAYMENTNotice of Prepayment") specifying the date and amount of repayment --------- and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each, PROVIDED that, all funds received in respect of such optional repayments shall be applied in accordance with Section 4.5(c)(vi). Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans or $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

Appears in 1 contract

Sources: Credit Agreement (American Business Information Inc /De)