Optional Loan Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 10:00 A.M., Eastern time, three (3) Business Days prior thereto, in the case of Eurodollar Loans, and no later than 10:00 A.M., Eastern time, one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, such notice of prepayment may be revoked if the financing is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant 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 (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments Revolving Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof.
Optional Loan Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 10:00 A.M. three (3) U.S. Government Securities Business Days prior thereto, in the case of SOFR Loans, and no later than 10:00 A.M. one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; provided further that if such notice of prepayment indicates that such prepayment is conditioned on the occurrence of a transaction, such notice of prepayment may be revoked if such transaction is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant 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 (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans and Revolving Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. Amounts to be applied in connection with prepayments made pursuant to this Section 2.11 shall be applied to the then outstanding balance of the Term Loans as directed by Borrower (provided that the prepaid amounts (i.e., all regularly scheduled amortization installments of the Term Loan) shall remain included as Consolidated Fixed Charges for purposes of calculating the Consolidated Fixed Charge Coverage Ratio, but not in excess of the principal amount of the applicable schedule amortization installment).
Optional Loan Prepayments. The Borrowers may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 10:00 A.M., Pacific time, one (1) Business Day prior thereto, which notice shall specify the date and amount of the proposed prepayment; provided that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, such notice of prepayment may be revoked if the financing is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. If any such notice is given, subject to any permitted revocation of such notice, the amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof.
Optional Loan Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part upon irrevocable notice delivered to the Administrative Agent no later than 10:00 A.M. three
Optional Loan Prepayments. Any Borrower, upon two Business Days' ------------------------- written notice to the Agent (which shall promptly relay such notice to the other Banks), may prepay one or more Loans as such Borrower shall designate in such notice, in whole at any time or in part from time to time without premium or penalty but with accrued interest to the date of such prepayment on the principal amount being prepaid, provided that (a) each such partial prepayment shall be in the aggregate principal amount of (i) U.S. $10,000,000 plus integrals of U.S. $1,000,000, if U.S. Dollar Loans are to be prepaid, and (ii) at least $10,000,000 in U.S. Dollar Equivalent plus integrals of $1,000,000 in U.S. Dollars Equivalents, if Eurocurrency Rate Loans are to be prepaid, and shall be applied as among the Banks pro rata in accordance with their respective Commitments or, if such payment relates to a Bid Loan or Swingline Loan, based upon the proportion of such Bid Loan or Swingline Loan made by or participated to such Bank, (b) the Borrower shall specify the date, type and amount of each Loan being prepaid and (c) if such prepayment applies to Eurocurrency Rate Loans, simultaneously with such prepayment the Borrower shall pay the applicable Bank or Banks pursuant to Section 2.14 hereof all funding costs and loss of earnings which may arise in connection with such prepayment as determined by each such Bank in good faith. The Agent shall promptly notify each Bank of each such prepayment of Loans.
Optional Loan Prepayments. Except during a Default Period, on any Special Senior Debt Prepayment Date on which, after the Completion Date, the Borrower shall elect to make an optional prepayment of the Bank Loans and/or Institutional Loans in accordance with Section 7.4 of the Project Loan Agreement, the Security Agent shall, upon receipt of a Request Letter from the Borrower, transfer from the Additional Collateral Account, ratably, (i) to the Administrative Agent, the aggregate amount of principal of and interest on the Bank Loans payable to the Banks pursuant to Section 7.4 of the Project Loan Agreement on such date, together with all fees, funding indemnities and other amounts payable to the Administrative Agent and the Banks under Section 7.4 of the Project Loan Agreement in connection with such prepayment, and (ii) to each holder of an Institutional Note, the aggregate amount of principal of and interest on such Institutional Note payable pursuant to Section 7.4 of the Project Loan Agreement on such date to such holder, together with all fees, any Make-Whole Premium, Modified Make-Whole Premium and other amounts payable to such holder under Section 7.4 of the Project Loan Agreement in connection with such prepayment.
Optional Loan Prepayments. The Borrower (or, Pagaya US with respect to the Term Loans) may at any time and from time to time prepay the Loans, in whole or in part, without premium or
Optional Loan Prepayments. Subject to payment of the amounts described in Sections 2.10(c), the Co-Borrowers may at any time and from time to time prepay the Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 10:00 A.M., Pacific time, three Business Days prior thereto, in the case of Eurodollar Loans that are Formula-Based Revolving Loans, and no later than 10:00 A.M., Pacific time, one Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan that is a Formula-Based Revolving Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Co-Borrowers shall also pay any amounts owing pursuant to Section 2.21; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing or in connection with the consummation of a specified transaction, such notice of prepayment may be revoked if the financing or specified transaction is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant 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 (except in the case of Revolving Loans that are ABR Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof.
Optional Loan Prepayments. 27 2.11 Payments.......................................................... 28
Optional Loan Prepayments. (a) The Borrower may at any time and from time to time prepay the Revolver Advances, in whole or in part, without premium or penalty, after giving to the Lender notice, which must be received by the Lender no later than 12:00 noon, New York City time on the date of such prepayment and which must specify the date and amount of prepayment. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein.
(b) The Borrower may at any time and from time to time prepay the Term Loan, in whole or in part, without premium or penalty after giving to the Lender notice, which must be received by the Lender no later than 12:00 noon, New York City time on the date of such prepayment and which must specify the date and amount of prepayment. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein and the amount of such payments shall be applied against scheduled repayments of principal on a pro rata basis and shall reduce the Term Loan Facility on a dollar-for-dollar basis.
