Common use of Conditions for voluntary prepayment Clause in Contracts

Conditions for voluntary prepayment. The conditions referred to in Clause 8.5 are that: (a) a partial prepayment shall be $1,000,000 or an integral multiple of $1,000,000; (b) the Facility Agent has received from the Borrower at least 5 Business Days’ prior written notice specifying: (i) the amount to be prepaid and the date on which the prepayment is to be made; and (ii) whether such prepayment will be applied against a Tranche, in which case the Borrower will specify the Tranche against which that prepayment should be applied. A failure by the Borrower to make such a designation shall result in the prepayment being applied against each Tranche in accordance with Clause 8.11(a); and (c) the Borrower has provided evidence satisfactory to the Facility Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Conditions for voluntary prepayment. The conditions referred to in Clause 8.5 are that: (a) a partial prepayment shall be in an amount of $1,000,000 or an integral multiple of $1,000,000thereof; (b) the Facility Agent has received from the Borrower Borrowers at least 5 3 Business Days’ prior written notice specifying: (i) the amount to be prepaid and the date on which the prepayment is to be made; and (ii) whether such prepayment will be applied against a Tranchean Advance, in which case the Borrower Borrowers will specify the Tranche Advance against which that prepayment should be applied. A failure by the Borrower Borrowers to make such a designation shall result in the prepayment being applied against each Tranche Advance in accordance with Clause 8.11(a); and (c) the Borrower has Borrowers have provided evidence satisfactory to the Facility Agent that any consent required by the Borrower Borrowers or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower Borrowers or any Security Party has been complied with.

Conditions for voluntary prepayment. The conditions referred to in Clause 8.5 8.4 are that: (a) a partial prepayment shall be $1,000,000 500,000 or an a higher integral multiple of $1,000,000thereof or such other amount acceptable to the Agent; (b) the Facility Agent has received from the Borrower Borrowers at least 5 Business Days’ prior written notice (the “Prepayment Notice”) specifying: (i) the amount to be prepaid and the date on which the prepayment is to be made; and (ii) whether such prepayment will be applied against a Tranche, in which case the Borrower Borrowers will specify the Tranche against which that prepayment should be applied. A failure by the Borrower Borrowers to make such a designation shall result in the prepayment being applied against each Tranche in accordance with Clause 8.11(a8.10(a); and (c) the Borrower has Borrowers have provided evidence satisfactory to the Facility Agent that any consent required by the either Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the that Borrower or any Security Party has been complied with.