Optional Payment. 9 2.3 Interest Rate and Payment Dates.............................................10 (a) Payment..............................................................10 (b) Interest Rate........................................................10 (c)
Optional Payment. Borrower shall have the right at its option from time to time to prepay the Revolving Loans in whole or in part, without premium or penalty except for any amounts payable under Section 3.6(b). Prepayments shall be made by giving the Bank Standard Notice thereof (which shall be irrevocable), specifying the date, and amount and type of prepayment, and upon such date the amount so specified, accrued interest thereon, and any amounts payable under Section 3.6(b) hereof shall be due and payable.
Optional Payment. The Borrower may at its option and without penalty repay the Restructured Loans, in whole or in part, on any Business Day, prior to the Restructure Maturity Date, from time to time, provided Restructure Agent shall have received from the Borrower notice of any such payment at least one Business Day prior to the date of the proposed payment. For Restructured Loans, each day shall be defined as and constitute an "Interest Period." Partial payments hereunder shall be in an aggregate principal amount of not less than $1,000,000.00 and in an integral multiple of $100,000.00 for the Restructured Loans. Restructure Agent shall promptly inform the Restructure Lenders by telecopy of receipt of each such payment.
Optional Payment. Without limitation of Borrower’s rights under Section 3.03(a) of the Loan Agreement, Company may pay, at its option, the Make-Whole Amount at any time after the Standalone Date.
Optional Payment. Borrower shall have the right at its option --------------------- from time to time to prepay the Base Rate Portion in whole or in part without premium or penalty. Borrower shall have no right to prepay any part of the Libor Rate Portion at any time without the prior written consent of Bank except that (i) Borrower may prepay any part of any Rate Segment at the expiration of the Rate Period corresponding to such Rate Segment, and (ii) Borrower may prepay any part of any other Rate Segment so long as Borrower also makes payment to Bank of any amounts payable under Section 3.6(b) in connection therewith. Prepayments shall be made by giving Bank written notice thereof (which shall be irrevocable) by no later than 11:00 a.m. (California time) on the proposed date of prepayment, specifying the date, amount, and type of prepayment, and upon such date the amount so specified, accrued interest thereon, and any amounts payable under Section 3.6(b) shall be due and payable.
Optional Payment. 14 (d) Capital Raising Events...................................................................14 (e) Asset Sales..............................................................................14 (f) Cash Balance.............................................................................14 (g) Implied Consent..........................................................................15 (h)
Optional Payment. Borrower may at its option repay the Revolving Loans, without penalty except as set forth in Section 3.7(b), in whole or in part, on any Business Day, prior to the Maturity Date, from time to time, provided Bank shall have received from Borrower notice of any such payment at least: (i) three Business Days prior to the date of the proposed payment if the Revolving Loan being prepaid is a Eurodollar Rate Loan, and (ii) one Business Day prior to the date of the proposed payment if the Revolving Loan being prepaid is a Prime Rate Loan. For Prime Rate Loans, each day shall be defined as and constitute an "Interest Period." Partial payments hereunder shall be in an aggregate principal amount of not less than the lesser of (a) $1,000,000 and in an integral multiple of $100,000 for a Revolving Loan consisting of a Prime Rate Loan; (b) $1,000,000 and in an integral multiple of $500,000 for a Revolving Loan consisting of a Eurodollar Rate Loan; and (c) the outstanding balance of the Revolving Loan being paid.
Optional Payment. The Borrowers may at any time and from time to time upon one Business Day's notice prepay Loans in whole or in part. Any prepayment of Loans shall be in an aggregate principal amount of at least $1,000,000 and in greater whole multiples of $500,000, subject, however, to the Borrowers' right to repay all outstanding Loans in full.
Optional Payment. The Borrower may at its option pay the Loans, in whole or in part, on any Business Day from time to time, provided the Lender shall have received from the Borrower notice of any such payment at least one (1) Business Day prior to the date of the proposed payment if such date is not the last day of the then current Interest Period for each Loan being paid, in each case specifying the date and the amount of payment. For Prime Rate Loans each day shall be defined as and constitute an "Interest Period." Partial payments hereunder shall be in an aggregate principal amount of not less than the lesser of (a) $20,000 and (b) the outstanding balance of the Loan being paid. Payments which are partial prepayments of the Term Loan shall be applied to the principal installments of the Term Loan of latest maturity.
Optional Payment. The Borrower may at any time upon one Business Days' notice prepay Base Rate Loans in whole or in part without premium or penalty, except that any prepayment of Base Rate Loans shall be in an aggregate principal amount of at least $100,000 and in greater whole multiples of $50,000, subject, however, to the Borrower's right to repay all outstanding Loans in full, and except that Eurodollar Loans may not be optionally prepaid. Amounts to be prepaid shall irrevocably be due and payable on the date specified in the applicable notice of prepayment, together with interest thereon as provided in Section 1.4(c).
