Optional and Mandatory Prepayment. The Loan Parties may prepay principal and accrued interest on the Term Loan at any time, in any amount and without penalty. All prepayments of principal and interest shall be applied first to accrued interest, and second to principal. Subject to compliance with the Revolving Credit Facility, the Loan Parties shall, within two (2) Business Days of receipt thereof, apply all cash proceeds of an Equity Offering or Indebtedness Offering, net of taxes and customary fees, commissions, costs and other expenses incurred in connection therewith, to prepay the outstanding principal balance of the Term Loan plus any accrued interest.
Optional and Mandatory Prepayment. At any time prior to the Maturity Date the Borrower shall have the right to make full or partial payments of the unpaid principal balance and the Interest payable under this Note (“Prepayment”); provided that in the event any principal balance is prepaid prior to the six-month anniversary of the Closing Date, the total amount of Interest that shall be paid with respect to the portion of the principal amount so prepaid (including any previous payments of Interest) shall be equal to six months of Interest. The Borrower shall prepay the Note in full out of the proceeds of a new debt or equity capital raise with net proceeds of more than $5,000,000.
Optional and Mandatory Prepayment. (a) The Borrower shall have the right at any time to prepay the whole, or any part, of the unpaid principal amount of the Loan, without premium or penalty, upon the terms hereinafter set forth, and provided that interest on the principal amount thereof to be so prepaid accrued to the date of such prepayment shall be paid concurrently therewith; provided, however, that the Borrower shall not prepay the Loan, or any part thereof, unless such prepayment upon all the Notes is contemporaneously made, pro rata based upon the outstanding principal amount of the Notes, respectively.
Optional and Mandatory Prepayment. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon at least three Business Days' in the case of Eurodollar Loans, or one Business Day's in the case of ABR Loans, irrevocable notice to the Administrative Agent, specifying the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR Loans or a combination thereof and, if of a combination thereof, the amount allocable to each. Upon receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with any amounts payable pursuant to subsection 6.13 and, in the case of prepayments of the Term A Loans only, accrued interest to such date on the amount prepaid. Partial prepayments of the Term A Loans shall be applied to the remaining installments of principal thereof in direct order of their scheduled maturities. Amounts prepaid on account of the Term A Loans may not be reborrowed. Partial voluntary (Credit Agreement) 38 prepayments shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof.
Optional and Mandatory Prepayment. At any time prior to the Maturity Date the Borrower shall have the right to make full or partial payments of the unpaid principal balance and the Interest payable under this Note (“Prepayment”). The Borrower shall prepay the Note in full out of the proceeds of a new debt or equity capital raise with net proceeds of more than $2,000,000.
Optional and Mandatory Prepayment. (a) The Borrower shall have the right at any time and from time to time to prepay (in a manner indicated by the Borrower that is not otherwise inconsistent with the terms of this Agreement) any Term Loans, in whole or in part, upon not fewer than five (5) Business Days' prior written or telecopy notice (or telephone notice promptly confirmed by written or telecopy notice) to the Administrative Agent; provided, however, that (i) any prepayment must occur on an Interest Payment Date or, if not on an Interest Payment Date, must be accompanied by all break funding costs incurred by the relevant Lenders associated with such prepayment and (ii) each partial prepayment of Term Loans shall be in a minimum amount equal to the lesser of (A) five million Dollars ($5,000,000) or any integral multiple of one million Dollars ($1,000,000) in excess thereof and (B) the remaining amount of such Term Loan then outstanding.
Optional and Mandatory Prepayment. (a) The Borrower may prepay Loans bearing interest on the same basis and having the same Interest Periods, if any, by giving notice to the Administrative Agent not later than 1:00 P.M., New York time, on the third Business Day preceding the proposed date of prepayment, in the case of Eurodollar Loans, or not later than 1:00 P.M., New York time, on the Business Day of the proposed prepayment, in the case of ABR Loans. Each such prepayment of Eurodollar Loans shall be in an aggregate principal amount of $25,000,000 or in integral multiples of $1,000,000 in excess thereof (or, if the aggregate amount of outstanding Eurodollar Loans is less than $25,000,000, then all of such lesser amount), and each prepayment of ABR Loans shall be in an aggregate amount of $10,000,000 or in integral multiples of $100,000 in excess thereof (or, if the aggregate amount of outstanding ABR Loans is less than $10,000,000, then all of such lesser amount), and, in the case of Eurodollar Loans, together with the amounts required by Section 4.03, accrued interest on the principal being prepaid to the date of prepayment.
Optional and Mandatory Prepayment. Section 7.1. Obligation to Prepay Installments. Section 7.2. Option to Prepay Installments. Section 7.3. Amount of Prepayment in Certain Events.
Optional and Mandatory Prepayment. 21 Section 7.1. Obligation to Prepay Installments..................... 21 Section 7.2. Option to Prepay Installments......................... 21 Section 7.3. Amount of Prepayment in Certain Events................ 22 Section 7.4. Option to Prepay Installments for Optional Redemption of Bonds........................................... 23 Section 7.5. Notice of Prepayment.................................. 23 Section 7.6. Redemption of Bonds With Prepayment Moneys............ 23 Section 7.7. Company Option to Purchase in Lieu of Optional Redemption......................................... 24
Optional and Mandatory Prepayment. 37 Interest ...................................................................................................................................38 Fees .........................................................................................................................................39 Regulatory Changes in Capital Requirements; Replacement of a Lender.........39
