Discretionary Prepayments Sample Clauses

Discretionary Prepayments. Notwithstanding Section 2(a), the Company may prepay any amounts due on this Note (including principal and accrued interest), in whole or in part, at any time without premium or penalty.

Discretionary Prepayments. Upon at least three Business Days' prior irrevocable notice to each VBC Holder and the Trustee in writing substantially in the form attached as Exhibit F hereto (a "Notice of Discretionary Prepayment"), the Servicer may, in its sole discretion, direct the Trustee in writing to make a Discretionary Prepayment of all or a portion of the aggregate outstanding VBC Principal Balance and VBC Invested Amount from amounts on deposit in the Discretionary Prepayment Account and/or on deposit in the Collection Account and available therefor, to the extent that the Servicer has certified such amounts to be in excess of those required to be allocated to fund amounts higher in priority of allocation and distribution than Discretionary Prepayments as set forth in Sections 4.1 and 4.2 hereof. Discretionary Prepayments may only be made (A) on a Draw Date, (B) not more than once per Collection Period on a Business Day that is not a Draw Date in addition to any Discretionary Prepayments made on a Draw Date, and (C) notwithstanding the foregoing clause (B), on any Business Day if such Discretionary Prepayment is made to avoid an Early Amortization Event. Each such Discretionary Prepayment shall be made in a minimum aggregate principal amount of $100,000 and integral multiples of $100,000 in excess thereof, which amounts shall be distributed by the Trustee on the date specified in such Notice of Discretionary Prepayment to the VBC Holders on a pro rata basis, based on the respective portions of the outstanding VBC Principal Balance attributable to the Variable Base Certificates held thereby. No such Discretionary Prepayment may be made unless the Servicer certifies in such Notice of Discretionary Prepayment that such Discretionary Prepayment will not cause an Early Amortization Event.

Discretionary Prepayments. On or prior to September 30, 2001, the Borrower shall either (i) (a) prepay the Loans in an amount less than $10,000,000 and (b) pay the Administrative Agent for the account of each Lender a fee equal to $500,000 payable pro-rata to each of the Lenders in proportion to each such Lender's Commitment, (ii) (a) prepay the Loans in an amount greater than $10,000,000 but less than $20,000,000 and (b) pay the Administrative Agent for the account of each Lender a fee equal to $250,000 payable pro-rata to each of the Lenders in proportion to each such Lender's Commitment or (iii) prepay the Loans in an amount equal to or greater than $20,000,000; provided that any payment made pursuant to this Section 6.14 shall be applied (1) first pro rata to the Tranche A Revolving Loans (with a corresponding reduction in the Tranche A Revolving Committed Amount) and the Tranche B Revolving Loans (with a corresponding reduction in the Tranche B Revolving Committed Amount), and (2) second to cash collateralize LOC Obligations."