Example ContractsClausesPermitted Prepayment of Term Loans
Permitted Prepayment of Term Loans
Permitted Prepayment of Term Loans contract clause examples
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Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrower Representative provides written notice to Agent (whereupon Agent shall promptly provide written notice thereof to Lenders) of its election to prepay the Loans at least ten (10) Business Days prior to such prepayment, and pay, on the date of such prepayment, to Agent, for the ratable benefit of Lenders, an amount equal to the sum of:

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least 30 days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole or in part (in multiples of not less than ​ or such lesser amount as may then be outstanding), the Term Loans advanced by Lenders under this Agreement; provided that # Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all or the applicable portion of the Term Loans, which such notice shall include the amount of the Term Loans to be prepaid, at least ​ Business Days prior to such prepayment, and # such prepayment shall be accompanied by any and all accrued and unpaid interest on the aggregate principal amount to be prepaid to the date of prepayment and any amounts payable solely with respect to the prepayment of such principal amount under this Section 2.2(c)(i) pursuant to Section 2.2(e) or Section 2.2(f) (as applicable), and, in the case of a prepayment in whole of the Term Loans, all other amounts payable or accrued and not yet paid under this Agreement and the other Loan Documents. The Collateral Agent will promptly notify each Lender of its receipt of such notice, and the amount of such Lender’s Applicable Percentage of such prepayment.

Permitted Prepayment of Term Loan. From and after the Funding Date, Borrower shall have the option to prepay all, but not less than all, of the Term Loan advanced by Lender under this Agreement, provided, that # Borrower provides written notice to Lender of its election (which shall be irrevocable unless Lender otherwise consents in writing) to prepay the Term Loan at least ten (10) Business Days prior to such prepayment and # such prepayment shall be accompanied by any amounts payable pursuant to Section 2.2(g) and all other amounts payable or accrued and not yet paid hereunder and the other Loan Documents.

Permitted Prepayment of Term Loan. Borrowers shall have the option to prepay all, but not less than all, of the Term Loan, provided Borrowers provide written notice to Bank of its election to prepay the Term Loan at least five (5) Business Days prior to such prepayment, and, subject to the proviso below, pay, on the date of such prepayment an amount equal to the sum of:

Permitted Prepayment of Term Loan. Borrower shall have the option to prepay all, but, subject to the second paragraph of this [Section 2.2(d)], not less than all, of the Term Loan advanced by the Lenders under this Agreement, provided Borrower, subject to the second paragraph of this [Section 2.2(d), (i)])] provides written notice to Collateral Agent of its election to prepay the Term Loan at least fifteen (15) 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 Loan 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 Loan. Borrower shall have the option to prepay all, but, subject to the second paragraph of this [Section 2.2(d)], not less than all, of the Term Loan advanced by the Lenders under this Agreement, provided Borrower, subject to the second paragraph of this [Section 2.2(d), (i)])]

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Supplemental Term Loan Advance, provided Borrower # delivers written notice to Bank of its election to prepay the Supplemental Term Loan Advance at least ten (10) days prior to such prepayment, and # pays, on the date of such prepayment # the outstanding principal plus accrued and unpaid interest with respect to the Supplemental Term Loan Advance, # the Supplemental Prepayment Fee, # the Supplemental Final Payment, and # all other sums, if any, that shall have become due and payable with respect to the Supplemental Term Loan Advance, including interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment. Notwithstanding any provision in this Note to the contrary, Borrower may prepay this

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower # provides written notice to Agent of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and # pays to Agent, for the account of the Lenders in accordance with its respective Pro Rata Share, on the date of such prepayment # all outstanding principal plus accrued and unpaid interest, # the Prepayment Premium, # the Final Payment, and # all other sums, if any, that shall have become due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

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