Optional Partial Prepayments of the Loans Sample Clauses

Optional Partial Prepayments of the Loans. The Borrowers may, upon at least ten (10) Business Days prior written notice to the Agent, jointly and severally, prepay the outstanding amounts under the Loans in part or in whole. Each prepayment made pursuant to this Section 2.7(a) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment of the Term Loan shall be applied against the remaining installments of principal due on the Term Loan in the inverse order of maturity (for the avoidance of doubt, any amount that is due and payable on the Term Loan Maturity Date shall constitute an installment). Any payment pursuant to Section 2.7(a)(i) and (ii), Section 2.7(b) and Section 2.7(e) of this Agreement in excess of $12,000,000 (all such prepayments in an amount not to exceed $12,000,000 in aggregate during the term of this Agreement shall be referred to herein as the “Call Free Amount”) in the aggregate during the term of this Agreement shall be accompanied by payment by the Borrowers, jointly and severally, of the Prepayment Fee.
Sample 1
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Optional Partial Prepayments of the Loans. The Borrowers may, upon at least ten (10) Business Days prior written notice to the Administrative Agent, jointly and severally, prepay the outstanding amounts under the Loans in part or in whole in an aggregate minimum amount of $2,500,000 and integral multiples of $1,000,000 in excess of such amount. Each prepayment made pursuant to this Section 2.11(a) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment of the Term Loan shall be applied against the remaining installments of principal due on the Term Loan in the inverse order of maturity (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment). Any payment pursuant to this Section 2.11(a) shall be accompanied by payment by the Borrowers, jointly and severally, of the Prepayment Fee then required as a result of such prepayment under the terms of the Fee Letter under the heading “Prepayment Fee”.
Sample 1

Related to Optional Partial Prepayments of the Loans

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 11:00 a.m., New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000.

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