Example ContractsClausesPermitted Prepayment of Term Loans
Permitted Prepayment of Term Loans
Permitted Prepayment of Term Loans contract clause examples

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least thirty (30) days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least ten (10) Business Days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay either the Term A Loans or the Term B Loans advanced by the Lenders under this Agreement, provided Borrower # prepays in full all of such Term A Loans or such Term B Loans, as applicable, # provides written notice to Collateral Agent of its election to prepay such Term Loans at least ten (10) days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the applicable Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment for the applicable Term Loans, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts. The Lenders hereby agree to waive # the Prepayment Fee (as defined in the Original Loan Agreement) with respect to the Original Term A Loans owed under the Original Loan Agreement and # the

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least thirty (30) days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least ten (10) days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, # the Unaccrued Existing Indebtedness Final Payment plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts. Notwithstanding anything in this Agreement to the contrary, if Borrower refinances the Obligations under this Agreement with another credit facility provided by Lenders to Borrower primarily for such purpose, then the Unaccrued Existing Indebtedness Final Payment otherwise due hereunder shall not be due and payable.

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all of the outstanding principal balance of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least five (5) Business Days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # the outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Fee, # the Prepayment Premium, plus # all other Obligations that are due and payable on such prepayment date, including any Lenders’ Expenses and interest at the Default Rate (if any) with

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least ten (10) Business Days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts. Oxford hereby agrees to waive # the Prepayment Fee (as defined in the Original Loan Agreement) with respect to the Oxford Original Term Loans owed under the Original Loan Agreement.

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least ten (10) days prior to such prepayment (or such shorter period of time as Collateral Agent may agree in its reasonable discretion), and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least thirty (30) days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.”

Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Collateral Agent of its election to prepay the Term Loans at least ten (10) days prior to such prepayment, and # pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of # all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, # the Final Payment, # the Prepayment Fee, plus # all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

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