Option to Decline. Any mandatory prepayment required to be made pursuant to Section 6.2.2(b) (other than with respect to clauses (iii) and (vi) therein) may be declined in whole or in part by any Lender without prejudice to such Xxxxxx’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayments, by providing notice to Administrative Agent no later than 2:00 p.m. (Chicago time) one (1) Business Day (or such other date acceptable to Administrative Agent) prior to the date of such prepayment. If a Lender chooses not to accept payment in respect of a mandatory prepayment in whole or in part, such declined proceeds shall be retained by Borrower.
Option to Decline. Any mandatory prepayment required to be made pursuant to Section 2.06(c) may be declined in whole or in part by any Lender without prejudice to such Lender’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayment by providing notice to the Administrative Agent no later than 5:00 p.m. one (1) Business Day (or such other later date acceptable to the Administrative Agent) prior to the date of such prepayment. If a Lender chooses not to accept payment in respect of a mandatory prepayment in whole or in part, the other Lenders that accept such mandatory prepayment shall have the option to share such proceeds on a pro rata basis (and if declined by all Lenders such declined proceeds shall be retained by the Loan Parties) on or before the date otherwise due hereunder; provided that, to the extent such mandatory prepayment is declined by all Lenders, such prepayment may be retained by the Borrower.
Option to Decline. Any mandatory prepayment may be declined in whole or in part by any Lender without prejudice to such Lxxxxx’s rights hereunder to accept or decline any future payments in respect of any Mandatory Prepayments, by providing notice to Administrative Agent no later than 11:00 a.m. (New York, NY time) one (1) Business Day (or such other date acceptable to Administrative Agent) prior to the date of such prepayment. Each such notice from a Lender shall specify the principal amount of the Mandatory Prepayment to be rejected by such Lender. If a Lender fails to deliver such notice to Administrative Agent within the time frame specified above or such notice fails to specify the principal amount of the Mandatory Prepayment to be rejected, any such failure will be deemed an acceptance of the total amount of such Mandatory Prepayment. If a Lender chooses not to accept payment in respect of a Mandatory Prepayment in whole or in part on or before the date otherwise due hereunder, such declined proceeds shall be retained by the Loan Parties.
Option to Decline. Any mandatory prepayment in respect of the Term Loans required to be made pursuant to Section 2.05(c) may be declined in whole or in part by any Term Lender without prejudice to such Term Lender’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayments, by providing notice to Administrative Agent no later than 5:00 p.m. (New York City time) one (1) Business Day (or such other date acceptable to Administrative Agent) prior to the date of such prepayment. If a Term Lender chooses not to accept payment in respect of a mandatory prepayment of a Term Loan in whole or in part the other Term Lenders that accept such mandatory prepayment shall have the option to share such proceeds in repayment of Term Loans on a pro rata basis on or before the date otherwise due hereunder; provided that if such mandatory prepayment of a Term Loan is declined by all Term Lenders, such prepayment may be retained by the Borrower.
Option to Decline. Any mandatory prepayment required to be made pursuant to Section 3.2 may be declined in whole or in part by any Purchaser without prejudice to such Purchaser’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayments, by providing notice to the Collateral Agent no later than 5:00 p.m. (New York City time) one (1) Business Day (or such other date acceptable to the Collateral Agent) prior to the date of such prepayment; provided that the Borrower shall give not less than five (5) Business Days’ prior written notice of the date of any mandatory prepayment. If a Purchaser chooses not to accept payment in respect of a mandatory prepayment in whole or in part the other Purchasers that accept such mandatory prepayment shall have the option to share such proceeds on a pro rata basis on or before the date otherwise due hereunder; provided that, to the extent such mandatory prepayment is declined by all the Purchasers, such prepayment may be retained by the Borrower.
Option to Decline. Any mandatory prepayment required to be made pursuant to Section 3.2 may be declined in whole or in part by any Purchaser (any such purchaser, a “Declining Purchaser”) without prejudice to such Purchaser’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayments, by providing notice to the Borrower no later than 5:00 p.m. (New York City time) two (2) Business Days (or such other date acceptable to the Borrower) prior to the date of such prepayment; provided that the Borrower shall give not less than five (5) Business Days’ prior written notice of the date of any mandatory prepayment. If a Purchaser chooses not to accept payment in respect of a mandatory prepayment in whole or in part the other Purchasers that accept such mandatory prepayment shall have the option to share such proceeds on a pro rata basis on or before the date otherwise due hereunder.
Option to Decline. The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of the Term Loans required to be made pursuant to clauses (ii) through (v), inclusive, of Section 2.06(b) at least three (3) Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of such prepayment. The Administrative Agent will promptly notify each of the applicable Term Loan Lenders of the contents of any such prepayment notice and of its Term Loan Commitment Percentage of the prepayment. Any such Term Loan Lender may elect to decline its share of the prepayment (a “Declining Lender”, and any such Term Loan Lender that is not a Declining Lender, an “Accepting Lender”) by delivering written notice of its election to the Administrative Agent not less than two (2) Business Days prior to the proposed prepayment date. Any such prepayment amounts that are so declined may be retained by the Borrower.
Option to Decline. With respect to any prepayment of Advances pursuant to this Section 2.06, any Lender, at its option, may elect not to accept such prepayment. Upon the date set forth in this Section 2.06 for any such prepayment of Advances, the Borrower shall notify the Administrative Agent of the amount that is available to prepay the Advances (the “Prepayment Amount”). Promptly after the date of receipt of such notice, the Administrative Agent shall provide written notice (the “First Offer”) to the Lenders of the amount available to prepay the Advances. Any Lender declining such prepayment (a “Declining Lender”) shall give written notice thereof to the Administrative Agent by 11:00 a.m. no later than two Business Days after the date of such notice from the Administrative Agent. On such date the Administrative Agent shall then provide written notice (the “Second Offer”) to the Lenders other than the Declining Lenders (such Lenders being the “Accepting Lenders”) of the additional amount available (due to such Declining Lenders’ declining such prepayment) to prepay Advances owing to such Accepting Lenders. Any Lender declining prepayment pursuant to such Second Offer shall give written notice thereof to the Administrative Agent by 11:00 a.m. no later than two Business Days after the date of such notice of a Second Offer. The Borrower shall prepay the Advances as set forth in this Section 2.06 within one Business Day after its receipt of notice from the Administrative Agent of the aggregate amount of such prepayment. Amounts remaining after the allocation of accepted amounts shall be applied as set forth in Section 2.06 of the First Lien Credit Agreement.
Option to Decline. Any mandatory prepayment required to be made pursuant to Section 3.2 may be declined in whole or in part by the Purchaser without prejudice to such Purchaser’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayments, by providing notice to the Purchaser no later than 5:00 p.m. (Chicago time) one (1) Business Day (or such other date acceptable to the Purchaser) prior to the date of such prepayment; provided that the Borrower shall give not less than two (2) Business Days’ prior written notice of the date of any mandatory prepayment
Option to Decline. Any mandatory prepayment required to be made pursuant to Section 2.2(b) may be declined in whole or in part by any Lender without prejudice to such Xxxxxx’s rights hereunder to accept or decline any future payments in respect of any mandatory prepayments, by providing written notice to Administrative Agent no later than 5:00
