Example ContractsClausesDiscounted Voluntary Prepayments.
Discounted Voluntary Prepayments.
Discounted Voluntary Prepayments. contract clause examples

Notwithstanding anything to the contrary set forth in this Agreement (including Section 2.13[[Borrower:Organization]] or any other Loan Document, the Borrower shall have the right at any time and from time to time to prepay Term Loans to the Lenders thereof at a discount to the par value of such Loans and on a non pro rata basis (each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.05(e[[Borrower:Organization]];

Voluntary Prepayments. Borrower may, upon concurrent notice to Agent, from time to time and without premium or penalty, prepay any Loan, in whole or in part. Any principal prepaid pursuant to this Section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such prepayment and shall not postpone the due date of any subsequent principal payment or change the amount of any such payment.

Notwithstanding anything to the contrary contained in this Agreement (including [Section 2.05(a)], [Section 2.12(a)] or [Section 2.13]), the Borrower shall have the right at any time and from time to time to prepay the Term Loans at a discount to the par value of the applicable Term Loan and on a non pro rata basis (each a “Discounted Optional Prepayment”); provided that

Voluntary Prepayments. Loans may be repaid in whole or in part without premium or penalty; provided that # Term SOFR Loans may be prepaid only upon three (3) Business Days’ prior written notice to the Administrative Agent, and Base Rate Loans may be prepaid only upon at least one (1) Business Day’s prior written notice to the Administrative Agent, in each case such notice in a form reasonably acceptable to the Administrative Agent, # prepayments of Term SOFR Loans must be accompanied by payment of any amounts owing under Section 3.14, and # partial prepayments shall be in minimum principal amount of $5,000,000, in the case of Term SOFR Loans, or $1,000,000, in the case of Base Rate Loans, and in integral multiples of $1,000,000 in excess thereof.

Voluntary Prepayments. Provided no Event of Default has occurred and is continuing, Borrower may, at its option and upon prior notice to Lender as set forth herein, prepay the Debt in whole, but not in part, provided that, such prepayment is accompanied by the Prepayment Premium, if any. Lender shall not be obligated to accept any prepayment unless it is accompanied by the Prepayment Premium due in connection therewith. Any prepayment received by Lender on a date other than the first (1st) day of any Interest Accrual Period shall include interest which would have accrued from such date of prepayment through and including the last day of the Interest Accrual Period during which such prepayment is being made (such amounts, the “Interest Shortfall”). Additionally, Borrower shall pay any Breakage Costs (provided that the same are not duplicative of any Interest Shortfall paid in connection with such prepayment) in connection with any prepayment of the Loan. As a condition to any voluntary prepayment, Borrower shall give Lender written notice (a “Prepayment Notice”) of its intent to prepay, which notice must be given at least twenty (20) days (or such shorter period as may be agreed by Lender in its sole discretion) and not more than ninety (90) days prior to the Business Day upon which prepayment is to be made and must specify the Business Day on which such prepayment is to be made. Such Prepayment Notice may be revoked upon no less than two (2) Business Days’ prior written notice to Lender; provided that Borrower shall reimburse Lender for all out-of-pocket costs and expenses reasonably incurred Lender in connection with such revocation, including any Breakage Costs. Borrower hereby agrees that, in the event Borrower delivers a Prepayment Notice and, absent Borrower’s timely revocation of such Prepayment Notice, fails to prepay the Loan in accordance with the Prepayment Notice and the terms of this Section 2.7 (a “Prepayment Failure”), Borrower shall indemnify Lender from and against, and shall be responsible for, all Losses incurred by Lender with respect to any such Prepayment Failure.

Notwithstanding anything to the contrary set forth in this Agreement (including Section 2.13[[Borrower:Organization]] or any other Loan Document, the Borrower shall have the right at any time and from time to time to prepay Term Loans to the Lenders thereof at a discount to the par value of such Loans and on a non pro rata basis (each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.05(e[[Borrower:Organization]]; provided that # no proceeds from Revolving Credit Loans shall be used to consummate any such Discounted Voluntary Prepayment, # any Discounted Voluntary Prepayment hereunder must be offered to all relevant Term Lenders on a pro rata basis and must be offered simultaneously on a pro rata basis with a “Discounted Voluntary Prepayment” as defined in the other Group Credit Agreements, as applicable on a pro rata basis, # no Default shall have occurred and be continuing or would result from such Discounted Voluntary Prepayment, # no more than one Discounted Prepayment Option Notice shall be issued and pending at any one time and # the Borrower shall deliver to the Administrative Agent, together with each Discounted Prepayment Option Notice, a certificate of a Responsible Officer of the Borrower # stating that each of the conditions to such Discounted Voluntary Prepayment contained in this Section 2.05(e[[Borrower:Organization]] has been satisfied and # specifying the aggregate principal amount of Term Loans to be prepaid pursuant to such Discounted Voluntary Prepayment.

Any time and from time to time, Company may prepay Notes on any Business Day in whole or in part, in an aggregate minimum amount of $250,000 and integral multiples of $50,000 in excess of that amount, subject to payment of any fees payable in connection therewith pursuant to [Section 2.10(c)].

Voluntary Prepayments. Subject to the payment of any prepayment premium as required under [Section 2.03(e)] and any other fees or amounts payable hereunder at such time, the Borrower may, upon written notice from the Borrower to the Administrative Agent, voluntarily prepay the Loans, in whole or in part; provided, that, # such notice must be received not later than 11:00 a.m. three (3) Business Days prior to the date of prepayment and # any such prepayment shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein; provided, that, if such notice expressly states that it is conditioned upon the effectiveness of other credit facilities or the closing of a specified transaction, such notice may be revoked by the Borrower (by notice in writing to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any prepayment pursuant to this [Section 2.03(a)] shall be accompanied by # all accrued interest on the principal amount of the Loans prepaid, # the prepayment premium required under [Section 2.03(e) and (z)])] all fees, costs, expenses, indemnities and other amounts due and payable hereunder at the time of prepayment. Each such prepayment shall be applied first, to outstanding Term A Loans (if any), second, to outstanding Term B Loans (if any) and third, to outstanding Term C Loans (if any). Each such prepayment

Voluntary Prepayments. The Borrowers shall have the right to prepay any of the Loans of any Class owing by them, in whole or in part, without premium or penalty (except as set forth in Section 2.11(h[[SunTrustTruist Bank:Organization]] and Section 2.13(f[[SunTrustTruist Bank:Organization]]), from time to time subject to the provisions of this Section 2.13. The Parent Borrower shall give the Administrative Agent at the Notice Office written or telephonic notice (in the case of telephonic notice, promptly confirmed in writing if so requested by the Administrative Agent[[SunTrustTruist Bank:Organization]] of its intent to prepay the Loans of any Class, the amount of such prepayment and (in the case of Eurodollar Loans[[SunTrustTruist Bank:Organization]] the specific Borrowing(s[[SunTrustTruist Bank:Organization]] pursuant to which the prepayment is to be made, which notice may be conditioned upon the occurrence of any other event and which notice shall be received by the Administrative Agent by # 12:00 noon (Local Time[[SunTrustTruist Bank:Organization]] three (3[[SunTrustTruist Bank:Organization]] Business Days prior to the date of such prepayment, in the case of a prepayment of Eurodollar Loans or # 12:00 noon (Local Time[[SunTrustTruist Bank:Organization]] one (1[[SunTrustTruist Bank:Organization]] Business Day prior to the date of such prepayment, in the case of any prepayment of Base Rate Loans (or same day notice in the case of a prepayment of Swing Loans[[SunTrustTruist Bank:Organization]], and which notice shall promptly be transmitted by the Administrative Agent to each of the affected Lenders; provided that:

Notwithstanding anything to the contrary contained in this Agreement (including [Section 2.05(a)], Section 2.12(a) or Section 2.13), the Borrower shall have the right at any time and from time to time to prepay the Term Loans at a discount to the par value of the applicable Term Loan and on a non pro rata basis (each a “Discounted Optional Prepayment”); provided that

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