Example ContractsClausesprepaymentsVariants
Remove:

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 substantially in the form attached as Exhibit D (a “Notice of Prepayment”) 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 Revolving Credit 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. Partial prepayments shall be in an aggregate amount of $500,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).

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 from the Borrower to the Administrative Agent substantially in the form attached as Exhibit D[Exhibit D] (a “Notice“Notice of Prepayment”Prepayment”) given not later than 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan andLoan, # at least three (3) Business Days before each LIBOREurocurrency Rate Loan,Loan denominated in Dollars and # at least four (4) Business Days (or five (5) Business Days, in the case of prepayment of Revolving Credit Loans denominated in Special Notice Currencies) before each Eurocurrency Rate Loan denominated in an Alternative Currency, specifying the date and amount of prepayment and whether the prepayment is of LIBOREurocurrency 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 Revolving Credit 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. Partial prepayments shall be in an aggregate amount of $500,$3,000,000 or a whole multiple of $500,$1,000,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,$5,000,000 or a whole multiple of $500,$1,000,000 in excess thereof with respect to LIBOREurocurrency Rate Loans denominated in Dollars, $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurocurrency Rate Loans denominated in Alternative Currencies and $500,000 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 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).

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 from the Borrower to the Administrative Agent substantially in the form attached as Exhibit D[Exhibit D] (a “Notice"Notice of Prepayment”Prepayment") given not later than 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan andLoan, # at least three (3) Business Days before each LIBOREurocurrency Rate Loan,Loan denominated in Dollars and # at least four (4) Business Days (or five (5) Business Days, in the case of prepayment of Revolving Credit Loans denominated in Special Notice Currencies) before each Eurocurrency Rate Loan denominated in an Alternative Currency, specifying the date and amount of prepayment and whether the prepayment is of LIBOREurocurrency 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 Revolving Credit 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. Partial prepayments shall be in an aggregate amount of $500,$3,000,000 or a whole multiple of $500,$1,000,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,$5,000,000 or a whole multiple of $500,$1,000,000 in excess thereof with respect to LIBOREurocurrency Rate Loans denominated in Dollars, $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurocurrency Rate Loans denominated in Alternative Currencies and $500,000 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 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).

Optional Prepayments. TheAny Borrower mayshall have the right at any time and from time to time to prepay Revolving Credit Loans and Swingline Loans,any Borrowing in whole or in part, without premiumsubject to prior notice in accordance with the provisions of this [Section 2.11(a)]. The applicable Borrower, or penalty, with irrevocable prior written notice to on behalf of the applicable Borrower, shall notify the Administrative Agent substantially(and, in the form attached as Exhibit D (a “Noticecase of Prepayment”) givenprepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy or electronic mail) of any prepayment hereunder # in the case of prepayment of a EurocurrencyTerm Benchmark Revolving Borrowing, 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, Local Time, three (3) Business Days before(in the case of a EurocurrencyTerm Benchmark Borrowing denominated in Dollars) or four (4) Business Days (in the case of a EurocurrencyTerm Benchmark Borrowing denominated in a Foreign Currency), in each LIBOR Rate Loan, specifyingcase before the date of prepayment, # in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of prepayment or, # in the case of prepayment of a SONIA Borrowing (other than a Swingline Borrowing), not later than 11:00 a.m., New York City time, five (5) Business Days before the date of prepayment, or # in the case of prepayment of a Swingline Loan, not later than 12:00 noon, Local Time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of prepayment and whether theeach Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and,termination of the Commitments as contemplated by [Section 2.09], then such notice of prepayment may be revoked if such notice of a combination thereof, the amount allocable to each. Upontermination is revoked in accordance with [Section 2.09]. Promptly following receipt of any such notice,notice relating to a Revolving Borrowing, the Administrative Agent shall promptly notify eachadvise of the contents thereof. Each partial prepayment of any Revolving Credit 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. Partial prepaymentsBorrowing shall be in an aggregate amount that would be permitted in the case of $500,000 oran advance of a whole multipleRevolving Borrowing of $500,000the same Type as provided in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 orSection 2.02. Each prepayment of a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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.Revolving Borrowing shall be deemed received onapplied ratably to the next Business Day. Each such repaymentLoans included in the prepaid Borrowing. Prepayments shall be accompanied by any amount# accrued interest to the extent required to be paidby [Sections 2.05(c) and 2.13]3] and # break funding payments pursuant to [Section 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9])2.16].

Optional Prepayments. The Borrower maymay, upon notice to the Swingline Lender pursuant to delivery to the Swingline Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time andor from time to timetime, voluntarily prepay Revolving CreditSwingline Loans and Swingline Loans, in whole or in part,part without premium or penalty, with irrevocable prior writtenpenalty; provided that, unless otherwise agreed by the Swingline Lender, # such notice tomust be received by the Swingline Lender and the Administrative Agent substantially in the form attached as Exhibit D (a “Notice of Prepayment”) given not later than 11:1:00 a.p.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loandate of the prepayment, and # at least three (3) Business Days before each LIBOR Rate Loan, specifyingany such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess hereof (or, if less, the entire principal thereof then outstanding). Each such notice shall specify 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 Revolving Credit Lender.prepayment. If any such notice is given,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 set forth in such notice. Partial prepayments shall be in an aggregate amount of $500,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).specified therein.

Section # Optional Prepayments. The Borrower mayshall have the right at any time and from time to time to prepay Revolving Credit Loans and Swingline Loans,any Borrowing, in whole or in part, without premium or penalty, with irrevocable priorby giving written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent substantiallyno later than # in the form attached as Exhibit D (a “Noticecase of Prepayment”) given not later thanany prepayment of any Eurodollar Borrowing, 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and # at leastnot less than three (3) Business Days before each LIBOR Rate Loan, specifyingprior to the date of such prepayment, # in the case of any prepayment of any Base Rate Borrowing, not less than one (1) Business Day prior to the date of such prepayment, and # in the case of any prepayment of any Swingline Borrowing, prior to 11:00 a.m. on the date of such prepayment. Each such notice shall be irrevocable and shall specify the proposed date of such prepayment and the principal amount of prepayment and whether the prepayment is of LIBOR Rate Loans, Base Rate Loans, Swingline Loanseach Borrowing or a combination thereof, and, if of a combination thereof, the amount allocableportion thereof to each.be prepaid. Upon receipt of any such notice, the Administrative Agent shall promptly notify each Revolving Credit Lender.affected Lender of the contents thereof and of such Lender’s Pro Rata Share of any such prepayment. If any such notice is given, the aggregate amount specified in such notice shall be due and payable on the date set forthdesignated in such notice. Partial prepaymentsnotice, together with accrued interest to such date on the amount so prepaid in accordance with [Section 2.13(d)]; provided that if a Eurodollar Borrowing is prepaid on a date other than the last day of an Interest Period applicable thereto, the Borrower shall also pay all amounts required pursuant to [Section 2.19]. Each partial prepayment of any Loan shall be in an aggregate amount that would be permitted in the case of $500,000 oran advance of a whole multipleRevolving Borrowing of $500,000the same Type pursuant to Section 2.2 or, in excess thereof with respectthe case of a Swingline Loan, pursuant to Base Rate Loans (other than Swingline Loans), $500,000 orSection 2.4. Each prepayment of a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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.Borrowing shall be deemed received onapplied ratably to the next Business Day. EachLoans comprising such repayment shall be accompanied by any amount required to be paid pursuant to [Section 5.9] hereof. NotwithstandingBorrowing and, in the foregoing, any Noticecase of a Prepayment delivered in connection with any refinancingprepayment of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so statedan Incremental Term Loan Borrowing, to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition andprincipal installments as may be revokeddirected by the Borrower (and in the eventabsence of any such contingency is not met (provided thatdirection, in the failureinverse order of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9])maturity).

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 toBorrowers shall notify the Administrative Agent substantially(and, in the form attached as Exhibit D (a “Noticecase of Prepayment”) givenprepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by facsimile) of any prepayment hereunder # in the case of prepayment of a Eurocurrency Borrowing or Adjusted Term SOFR Borrowing, 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, New York City time, three (3) Business Days before each LIBOR Rate Loan, specifying the date and amount of prepayment and whetheror # in the case of prepayment is of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, ifan ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Revolving Credit Lender. If any such notice is given, the amount specified inprepayment. Each such notice shall be dueirrevocable and payable onshall specify the prepayment date set forth in such notice. Partial prepayments shall be in an aggregateand the principal amount of $500,000each Borrowing or a whole multiple of $500,000 in excessportion thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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 5.9] hereof. Notwithstandingprepaid and, in the foregoing, any Noticecase of a Prepayment delivered in connection with any refinancing of allmandatory prepayment, a reasonably detailed calculation of the Credit Facility withamount of such prepayment; provided that a notice of optional prepayment may state that such notice is conditional upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of such refinancing or of any incurrence ofother Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummationin which case such notice of such refinancing or incurrence or occurrence of such other identifiable event or condition andprepayment may be revoked by the BorrowerBorrowers (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the eventcase of an advance of a Borrowing of the same Type as provided in [Section 2.02], except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by [Section 2.13]. At the Borrowers’ election in connection with any prepayment pursuant to this [Section 2.11], such contingency is not met (provided that the failure of such contingencyprepayment shall not relievebe applied to any Term Loan or Revolving Loan of a Defaulting Lender and shall be allocated ratably among the Borrower from its obligations in respect thereof under [Section 5.9]).relevant non-Defaulting Lenders.

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 toshall notify the Administrative Agent substantially(and, in the form attached as Exhibit D (a “Noticecase of Prepayment”) givenprepayment of a Swingline Loan, the Swingline Lenders) by telephone (confirmed by telecopy) or by telecopy of any prepayment hereunder # in the case of prepayment of a Eurocurrency Revolving Borrowing, not later than 11:12:00 a.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and # at leastnoon, Local Time, three (3) Business Days before each LIBOR Rate Loan, specifying the date and amountof prepayment, # in the case of prepayment of an ABR Revolving Borrowing or a US Swingline Borrowing, not later than 12:00 noon, Local Time, on the Business Day of prepayment and whether# in the case of a prepayment of a Multicurrency Swingline Borrowing, by 10:00 a.m., Local Time, on the Business Day of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof, to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and,termination of the Commitments as contemplated by Section 2.07, then such notice of prepayment may be revoked if such notice of a combination thereof, the amount allocable to each. Upontermination is revoked in accordance with Section 2.07. Promptly following receipt of any such notice,notice relating to a Revolving Borrowing, the Administrative Agent shall promptly notify eachadvise the applicable Lenders of the contents thereof. Each partial prepayment of any Revolving Credit 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. Partial prepaymentsBorrowing shall be in an aggregate amount that would be permitted in the case of $500,000 or a whole multipleRevolving Borrowing of $500,000the same Type as provided in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 orSection 2.02. Each prepayment of a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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.Revolving Borrowing shall be deemed received onapplied ratably to the next Business Day. EachLoans included in the prepaid Borrowing, and each prepayment of a Swingline Borrowing shall be applied ratably to the Swingline Loans (or participations therein) included in such repaymentprepaid Borrowing. Prepayments shall be accompanied by any amountaccrued interest to the extent required to be paid pursuant to [Section 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).Section 2.11.

Optional Prepayments. The Borrower maymay, upon, subject to clause ‎(iii) below, written notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time andor from time to timetime, voluntarily prepay Revolving CreditSwing Line Loans and Swingline Loans, in whole or in part,part without premium or penalty, with irrevocable prior writtenpenalty; provided that # such notice tomust be received by the Swing Line Lender and the Administrative Agent substantially in the form attached as Exhibit D (a “Notice of Prepayment”) given not later than 11:1:00 a.p.m. (i)New York City time on the same Business Day as each Base Rate Loan and each Swingline Loandate of the prepayment, and # at least three (3) Business Days before each LIBOR Rate Loan, specifyingany such prepayment shall be in a minimum Principal Amount of $500,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify 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 Revolving Credit Lender.prepayment. If any such notice is given,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 set forth in such notice. Partial prepayments shall be in an aggregate amount of $500,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).specified therein.

Optional Prepayments. TheAny Borrower mayshall have the right at any time and from time to time to prepay Revolving Credit Loans and Swingline Loans,any Borrowing in whole or in part, without premiumsubject to prior notice in accordance with the provisions of this Section 2.11(a). The applicable Borrower, or penalty, with irrevocable prior written notice to on behalf of the applicable Borrower, shall notify [[Administrative Agent substantiallyAgent:Organization]] (and, in the form attached as Exhibit D (a “Noticecase of Prepayment”) givenprepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy or electronic mail) of any prepayment hereunder # in the case of prepayment of a Eurocurrency Revolving Borrowing, 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, Local Time, three (3) Business Days before(in the case of a Eurocurrency Borrowing denominated in Dollars) or four (4) Business Days (in the case of a Eurocurrency Borrowing denominated in a Foreign Currency), in each LIBOR Rate Loan, specifyingcase before the date and amountof prepayment, # in the case of prepayment and whetherof an ABR Revolving Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of prepayment isor # in the case of LIBOR Rate Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, ifprepayment of a combination thereof,Swingline Loan, not later than 12:00 noon, Local Time, on the amount allocable to each. Upon receiptdate of such notice, the Administrative Agent shall promptly notify each Revolving Credit Lender. If any such notice is given, the amount specified inprepayment. Each such notice shall be dueirrevocable and payable onshall specify the prepayment date set forthand the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice. Partial prepaymentsnotice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, [[Administrative Agent:Organization]] shall advise [[Organization B:Organization]] of the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an aggregate amount that would be permitted in the case of $500,000 oran advance of a whole multipleRevolving Borrowing of $500,000the same Type as provided in excess thereof with respect to Base Rate Loans (other than Swingline Loans), $500,000 orSection 2.02. Each prepayment of a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and $500,000 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.Revolving Borrowing shall be deemed received onapplied ratably to the next Business Day. Each such repaymentLoans included in the prepaid Borrowing. Prepayments shall be accompanied by any amount# accrued interest to the extent required to be paidby [Sections 2.05(c) and 2.13] and # break funding payments pursuant to [Section 5.9] hereof. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under [Section 5.9]).Section 2.16.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.