Tag: prepaid

Group banks serve businesses and shoppers throughout the nation. Borrowers may prepay Revolving Loans at any time, and reborrow topic to the phrases of this Agreement; provided, however, that with respect to any LIBOR Revolving Loans pay as you go by Debtors prior to the expiration date of the Curiosity Period applicable thereto, Borrowers comply with pay to Agent for the account of Lenders the amounts described in Paragraph 2.14. In addition, and with out limiting the generality of the foregoing, Debtors shall pay to Agent, for the account of Lenders, the amount, without duplication, by which the sum of excellent Revolving Loans and the aggregate amount of Pending Revolving Loans exceeds the Availability with any such amount to be payable immediately without discover or demand.

Till such time as such an modification shall have been executed and delivered by the Borrowers, the Agent, and the applicable Lenders, (A) all monetary covenants, requirements, and phrases in this Agreement shall continue to be calculated or construed as if such Accounting Change had not occurred and (B) the Debtors shall provide to the Agent and the applicable Lenders financial statements and different documents required underneath this Agreement or as fairly requested hereunder …

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