Common use of Prior to the Revolving Commitment Termination Date Clause in Contracts

Prior to the Revolving Commitment Termination Date. The -------------------------------------------------- Borrower (a) may, from time to time on any Business Day prior to the Revolving Commitment Termination Date, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Loans; provided, however, -------- ------- that: (i) any such prepayment shall be made pro rata among Loans of --- ---- the same type and, if applicable, having the same Interest Period of all Lenders; (ii) unless the Borrower complies with Section 4.4, no such ----------- prepayment of any LIBO Rate Loan may be made on any day other than the last day of the Interest Period for such Loan; and (b) shall, immediately upon any acceleration of the Maturity Date of any Loans pursuant to Section 8.2 or Section 8.3, repay all Loans, unless, ----------- ----------- pursuant to Section 8.3, only a portion of all Loans is so accelerated. ----------- Each prepayment of any Loans made pursuant to this Section 3.1.1 shall be ------------- without premium or penalty, except as may be required by Section 4.4. No ----------- voluntary prepayment of principal of any Loans pursuant to this Section 3.1.1 shall cause a reduction in the Revolving ------------- Commitment Amount.

Appears in 1 contract

Sources: Credit Agreement (Novamed Eyecare Inc)

Prior to the Revolving Commitment Termination Date. The -------------------------------------------------- --------------------------------------------------- Borrower (a) may, from time to time on any Business Day prior to the Revolving Commitment Termination Date, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Loans; provided, however, -------- ------- that: (i) any such prepayment shall be made pro rata among Loans of --- ---- the same type and, if applicable, having the same Interest Period of all Lenders; (ii) unless the Borrower complies with Section 4.4, no such ----------- prepayment of any LIBO Rate Loan may be made on any day other than the last day of the Interest Period for such Loan; and (b) shall, immediately upon any acceleration of the Maturity Date of any Loans pursuant to Section 8.2 or Section 8.3, repay all Loans, unless, ----------- ----------- pursuant to Section 8.3, only a portion of all Loans is so accelerated. ----------- Each prepayment of any Loans made pursuant to this Section 3.1.1 shall be ------------- without premium or penalty, except as may be required by Section 4.4. No ----------- voluntary prepayment of principal of any Loans pursuant to this Section 3.1.1 ------------- shall cause a reduction in the Revolving ------------- Commitment Amount.

Appears in 1 contract

Sources: Credit Agreement (Novamed Eyecare Inc)