Example ContractsClausesOptional Prepayments
Optional Prepayments
Optional Prepayments contract clause examples

Optional Prepayments. The Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty (but, if applicable, subject to Section 2.17), subject to the requirements of paragraph # of this Section. Amounts to be applied in connection with this Section 2.12(a) shall be applied as directed by the Borrowers.

Optional Prepayments. Borrower may prepay in whole or in part (but, if in part, then: # if such Borrowing is of Base Rate Loans, in an amount not less than $100,000, # if such Borrowing is of SOFR Loans, in an amount not less than $500,000, and # in each case, in an amount such that the minimum amount required for a Borrowing pursuant to [Section 2.4] remains outstanding) any Borrowing of SOFR Loans at any time upon three (3) Business Days prior notice by Borrower to Administrative Agent or, in the case of a Borrowing of Base Rate

The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans of any Class and Revolving Credit Loans of any Class in whole or in part without premium or penalty (except as set forth below[[Borrower:Organization]]; provided that # such notice must be in a form reasonably acceptable to the Administrative Agent and be received by the Administrative Agent not later than 11:00 a.m. (1[[Borrower:Organization]] three Business Days prior to any date of prepayment of Eurodollar Rate Loans

Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty except for payments under [Section 2.15], subject to the requirements of this Section. Any prepayment of a Borrowing made in accordance with this clause (a) shall be applied ratably among the Lenders of a Class of Commitment unless such prepayment is made in connection with the reduction of Commitments in accordance with [Section 2.08(b) or (f)])] in which case such prepayment shall be applied in accordance with [Section 2.08(d) or (f)])], as applicable.

Upon prior notice in accordance with paragraph (a)(iii) of this Section 2.11, the Borrower shall have the right at any time and from time to time to prepay any Borrowing of Term Loans of one or more Classes (such Class or Classes to be selected by the Borrower in its sole discretion) in whole or in part without premium or penalty (but subject # in the case of Borrowings of Initial Term Loans only, to [Section 2.12(c), (B)])] if applicable, to Section 2.16 and # to the requirement that such Term Loans be secured by the Collateral on a first lien basis pari passu with the Initial Term Loans). Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the relevant Class.

Upon prior notice in accordance with paragraph (a)(iii) of this Section 2.11, the Borrower shall have the right at any time and from time to time to prepay any Borrowing of Term Loans of any Class in whole or in part without premium or penalty (but subject # in the case of Borrowings of Tranche B-2 Term Loans only, to Section 2.12(e), (B) to Section 2.16 and # in the case of Borrowings of 2021 Incremental Term Loans only, to Section 2.12(f)). Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the relevant Class.

Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty except for payments under [Section 2.15], subject to the requirements of this Section. Any prepayment of a Borrowing made in accordance with this clause (a) shall be applied ratably among the Lenders of a Class of Commitment unless such prepayment is made in connection with the reduction of Commitments in accordance with [Section 2.08(b) or (f)])] in which case such prepayment shall be applied in accordance with [Section 2.08(d) or (f)])], as applicable.

Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty except for payments under [Section 2.15], subject to the requirements of this Section. Any prepayment of a Borrowing made in accordance with this clause (a) shall be applied ratably among the Lenders of a Class of Commitment unless such prepayment is made in connection with the reduction of Commitments in accordance with [Section 2.08(b) or (f)])] in which case such prepayment shall be applied in accordance with [Section 2.08(d) or (f)])], as applicable.

Optional Prepayments. The Borrower may at any time and from time to time prepay Revolving Credit Loans and Swingline Loans, in whole or in part, without premium or penalty, with irrevocable prior written notice to the Administrative Agent given not later than 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and # at least three (3) Business Days before each LIBOR Rate Loan, specifying the date and amount of prepayment and whether the prepayment 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. Upon receipt of such notice, the Administrative Agent shall promptly notify each 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; provided that a notice of optional prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the receipt of the proceeds from the incurrence of other Indebtedness or any other event, in which case such notice of prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date) if such condition is not satisfied. Partial prepayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $3,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $250,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans. A notice of prepayment received after 11:00 a.m. shall be deemed received on the next Business Day. Each such repayment shall be accompanied by any amount required to be paid pursuant to [Section 4.9] hereof.

Optional Prepayments. Borrower may prepay in whole or in part (but, if in part, then: # if such Borrowing is of Base Rate Loans, in an amount not less than $100,000, # if such Borrowing is of Eurodollar Loans, in an amount not less than $500,000, and # in each case, in an amount such that the minimum amount required for a Borrowing pursuant to [Section 2.4] remains outstanding) any Borrowing of Eurodollar Loans at any time upon three (3) Business Days prior notice by Borrower to Administrative Agent or, in the case of a Borrowing of Base Rate Loans, notice delivered by Borrower to Administrative Agent no later than 10:00 a.m. on the date of prepayment (or, in any case, such shorter period of time then agreed to by Administrative Agent), such prepayment, in each case, to be made by the payment of the principal amount to be prepaid and, in the case of any Eurodollar Loans, accrued interest thereon to the date fixed for prepayment plus any amounts due the Lenders under [Section 3.3].

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