Common use of Optional Prepayment of Loans Clause in Contracts

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty, but subject to prior notice in accordance with the provisions requirements of this Section 2.11Sections 2.09(b) and 2.16. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission telephone (confirmed by telecopy) of any optional prepayment hereunder (i) in the case of prepayment of a Eurodollar BorrowingBorrowings, not later than 1:00 p.m.12:00 noon, New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate Borrowingany ABR Borrowings, not later than 1:00 p.m., 12:00 noon New York City time, on the date of such prepayment. Each such Such notice shall be irrevocable and shall specify (x) the prepayment date, (y) date and the principal amount of each Borrowing the Borrowings or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that that, if a notice of prepayment may state that is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition notice of termination is not satisfiedrevoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Borrowingof prepayment, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowings shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied ratably to the relevant Loans of included in the same type designated by the Borrower, at its sole discretionprepaid Borrowing. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.13 and (ii) break funding payments to the extent required by any amount payable under Section 2.172.16.

Optional Prepayment of Loans. The Subject to the provisos below, the Borrower shall have the right may at any time and from time to time to prepay any Borrowing the Loans, in whole or in part, subject without premium or penalty, upon irrevocable notice delivered to prior notice in accordance with the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand deliveryand, facsimile or electronic transmission of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowingthe Revolving Loans, not later than 1:00 p.m.the Sub-Agent prior to 10:00 A.M., New York City timetime on the same Business Day, three (3) Business Days before which notice shall specify the date of prepayment, or (ii) in the case and amount of prepayment and whether the prepayment is of a Eurodollar Loans or Base Rate BorrowingLoans; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, not later than 1:00 p.m.the Borrower shall also pay any amounts owing pursuant to Section 2.22; and provided further, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify that (x) no prepayment of the prepayment date, First Priority Term Loans shall be made pursuant to this Section 2.15 prior to the repayment in full (whether by refinancing or otherwise) of the Bridge Loans made on the Closing Date and (y) the principal amount each prepayment of each Borrowing or portion thereof First Priority Term Loans pursuant to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or this Section 2.15 made prior to the specified effective date) if such condition is not satisfiedsecond anniversary of the Closing Date shall be subject to the payment of the fee described in Section 2.24(c). Promptly following Upon receipt of any such notice relating to a Borrowing, of prepayment the Administrative Agent shall advise or, in the Lenders case of the contents thereofRevolving Loans, the Sub-Agent shall notify each relevant Lender thereof on the date of receipt of such notice. Each partial prepayment 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 any Borrowing prepayments of Swingline Loans and Revolving Loans maintained as Base Rate Loans, unless the Total Revolving Commitments have terminated or are being terminated substantially concurrently therewith) accrued interest to such date on the amount prepaid. Partial prepayments shall be in a minimum an aggregate principal amount of $1,000,000 and or a whole multiple of $500,000 increments 1,000,000 in excess thereof; provided that partial prepayments of Swingline Loans shall be in an aggregate principal amount of $500,000 or a whole multiple thereof. Any such The application of any prepayment will pursuant to this Section 2.15 shall be applied made, first, to the relevant Base Rate Loans of the same type designated by respective Lenders (and of the Borrowerrespective tranche, at its sole discretion. Prepayments shall be payable without penalty or premium if there are multiple tranches) and, second, to Eurodollar Loans of the respective Lenders (and shall be accompanied by (i) accrued interest to of the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17respective tranche, if there are multiple tranches).

Optional Prepayment of Loans. The Borrower shall have the right at any time and from time to time to prepay without premium or penalty (other than, with respect to Eurocurrency Borrowings, payments that may become due under Section 2.16) any Borrowing in whole or in part, subject to prior notice in accordance with the provisions requirements of this Section 2.11Section; provided that each partial repayment of the Borrowings shall be in an amount that is an integral multiple of $1,000,000 and not less than $2,500,000. The Borrower shall notify the Administrative Agent Lender by hand delivery, telephone (confirmed by facsimile or by other electronic transmission transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Eurocurrency Borrowing, not later than 1:00 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate an ABR Borrowing, not later than 1:00 2:00 p.m., New York City time, on the date of prepaymentprepayment (which shall be a Business Day). Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) date and the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; , provided that a notice of optional prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation receipt of another transactionthe proceeds from the issuance of other Indebtedness or any other event, in which case such notice of prepayment may be revoked by the Borrower (by notice to the Administrative Agent Lender on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by 2.13(d). Each prepayment of a Borrowing under this Section 2.172.09 shall not be reborrowed.

Optional Prepayment of Loans. The Subject to the provisos below, the Borrower shall have the right may at any time and from time to time to prepay any Borrowing the Loans, in whole or in part, subject without premium or penalty, upon irrevocable notice delivered to prior notice in accordance with the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand deliveryprior to 10:00 A.M., facsimile New York City time on the same Business Day, which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or electronic transmission Base Rate Loans; 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 2.20. Upon receipt of any such notice of prepayment hereunder the Administrative Agent shall notify each relevant Lender thereof on the date of receipt of such notice. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with (i) except in the case of prepayments of Swingline Loans and Revolving Loans maintained as Base Rate Loans, unless the Total Revolving Commitments have terminated or are being terminated substantially concurrently therewith) accrued interest to such date on the amount prepaid. Partial prepayments shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the then outstanding principal amount of Revolving Loans); provided that partial prepayments of Swingline Loans shall be in an aggregate principal amount of $500,000 or a whole multiple thereof (or, if less, the then outstanding principal amount of Swingline Loans). The application of any prepayment pursuant to this Section 2.13 shall be made, first, to Base Rate Loans of the respective Lenders (and of the respective tranche, if there are multiple tranches) and, second, to Eurodollar Loans of the respective Lenders (and of the respective tranche, if there are multiple tranches); provided, however, that so long as both Class B Revolving Loans and Class C Revolving Loans are outstanding, prepayments of any Revolving Loans of any Type shall be made ratably among the Class B Revolving Loans of such Type outstanding and the Class C Revolving Loans of such Type outstanding unless such prepayment is being made in connection with a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date permanent reduction of prepayment, Revolving Commitments with respect to one class or (ii) tranche of debt in the case accordance with Section 2.12. A notice of prepayment of a Base Rate Borrowingall outstanding Loans pursuant to this Section 2.13, not later than 1:00 p.m., New York City time, on delivered by the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that Borrower contemporaneously with a notice of prepayment termination of Revolving Commitments pursuant to Section 2.12, may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation proceeds of another transactionwhich will be used to refinance in full this Agreement, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.112.08. The Borrower shall notify the Administrative Agent by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.11 and (ii) break funding payments to the extent required by Section 2.172.14.

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Term SOFR Borrowing, not later than 1:00 p.m., New York City time, three (3) U.S. Government Securities Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing or an Adjusted Daily Simple SOFR Borrowing, not later than 1:00 p.m., New York City time, on the date of prepaymentprepayment (provided, that in the case of an Adjusted Daily Simple SOFR Borrowing, such day is a U.S. Government Securities Business Day). Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked or extended by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.112.08. The Borrower shall notify the Administrative Agent by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion; provided, however, no optional prepayments or redemptions may be made in respect of any Refinancing Senior Debt unless the Loans are prepaid on at least a pro rata basis. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.11 and (ii) break funding payments to the extent required by Section 2.17.2.14. 47 Cleco Corporate Holdings LLC 2016 Term Loan Credit Agreement

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Class and Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion; provided, however, no optional prepayments or redemptions may be made in respect of any Refinancing Senior Debt unless the Acquisition Loans are prepaid on at least a pro rata basis. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. The Borrower shall have the right may at any time and from time to time to prepay the Loans of any Borrowing Class, in whole or in part, without premium or penalty, except as provided in Section 2.25 (and subject to prior notice Section 2.17), in accordance with an aggregate principal amount, (1) in the provisions case of this Section 2.11SOFR Loans, that is an integral multiple of $500,000 and not less than $1,000,000, and (2) in the case of ABR Loans, that is an integral multiple of $500,000 and not less than $1,000,000, or, in each case, if less, the amount outstanding or such other amount as agreed by the Administrative Agent. The Borrower shall will notify the Administrative Agent in writing by hand delivery, facsimile transmission or electronic transmission e-mail of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, such election not later than 1:00 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment, or (iia) in the case of prepayment of a Base Rate SOFR Borrowing, not later than 1:00 p.m., New York City time, on three Business Days before the anticipated date of such prepayment and (b) in the case of an ABR Borrowing, one Business Day before the anticipated date of such prepayment. Each such notice shall of prepayment will specify the relevant Borrowing to be irrevocable and shall specify (x) prepaid, the prepayment date, (y) date and the principal amount of each Borrowing (or portion thereof thereof) to be prepaid. All prepayments under this Section 2.11 will be accompanied by accrued and unpaid interest on the principal amount to be prepaid and (z) to but excluding the Type date of Borrowing to be prepaid; provided that a notice of prepayment may state that payment. Any such notice is may be revocable or conditioned upon the effectiveness on a refinancing of other credit facilities all or the consummation any portion of another transactiona Term Facility, in which case such notice may be revoked or postponed by the Borrower (by notice to the Administrative Agent on or prior to 2:00 p.m. on the specified effective date) if such condition is not satisfied. Promptly following receipt ; provided that the provisions of Section 2.17 shall apply with respect to any such notice relating revocation or extension. Any optional prepayments of Term Loans pursuant to a Borrowingthis Section 2.11 shall be applied among the Classes of Term Loans as directed by the Borrower in its sole and absolute discretion (or, in the Administrative Agent shall advise the Lenders case of no such direction, pro rata to each of the contents thereof. Each partial prepayment Classes of any Borrowing shall be in a minimum aggregate amount Term Loans) and within each Class of $1,000,000 and $500,000 increments in excess thereof. Any Term Loans subject to such prepayment will be applied to the relevant remaining scheduled amortization payments of such applicable Class of Term Loans as directed by the Borrower in its sole and absolute (or in the absence of such direction, in direct order of maturity, to the amortization payments of such applicable Class of Term Loans) and will be applied ratably to the Term Loans of such Class included in the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17prepaid Borrowing.

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Class and Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.13 Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.. 57 Cleco Power LLC Credit Agreement

Optional Prepayment of Loans. The Subject to the provisos below, the Borrower shall have the right may at any time and from time to time to prepay any Borrowing the Loans, in whole or in part, subject without premium or penalty, upon irrevocable notice delivered to prior notice in accordance with the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand deliveryprior to 10:00 A.M., facsimile New York City time on the same Business Day, which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or electronic transmission Base Rate Loans; 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 2.20. Upon receipt of any such notice of prepayment hereunder the Administrative Agent shall notify each relevant Lender thereof on the date of receipt of such notice. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with (i) except in the case of prepayments of Swingline Loans and Revolving Loans maintained as Base Rate Loans, unless the Total Revolving Commitments have terminated or are being terminated substantially concurrently therewith) accrued interest to such date on the amount prepaid. Partial prepayments shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the then outstanding principal amount of Revolving Loans); provided that partial prepayments of Swingline Loans shall be in an aggregate principal amount of $500,000 or a whole multiple thereof (or, if less, the then outstanding principal amount of Swingline Loans). The application of any prepayment pursuant to this Section 2.13 shall be made, first, to Base Rate Loans of a the respective Lenders (and of the respective tranche, if there are multiple tranches) and, second, to Eurodollar BorrowingLoans of the respective Lenders (and of the respective tranche, not later than 1:00 p.m.if there are multiple tranches); provided, New York City timehowever, three (3) Business Days before prior to the date Stated Maturity of prepaymentthe Class A Revolving Commitments, or (ii) in prepayments of any Revolving Loans of any Type shall be made ratably among the case Class A Revolving Loans of such Type outstanding and the Class B Revolving Loans of such Type outstanding. A notice of prepayment of a Base Rate Borrowingall outstanding Loans pursuant to this Section 2.13, not later than 1:00 p.m., New York City time, on delivered by the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that Borrower contemporaneously with a notice of prepayment termination of Revolving Commitments pursuant to Section 2.12, may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation proceeds of another transactionwhich will be used to refinance in full this Agreement, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.112.08; provided that no prepayments of any Loans shall be permitted if loans under the Bridge Loan Facility are then outstanding. The Borrower shall notify the Administrative Agent by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion; provided, however, no optional prepayments or redemptions may be made in respect of any Refinancing Senior Debt unless the Loans are prepaid on at least a pro rata basis. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.11 and (ii) break funding payments to the extent required by Section 2.172.14.

Optional Prepayment of Loans. The Borrower shall have the right at any time and from time to time to prepay without premium or penalty any Borrowing in whole and or in part, subject to prior notice in accordance with the provisions paragraph (b) of this Section 2.11and to payment of any funding indemnification amounts required by Section 2.16. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time11:00 a.m., three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate an ABR Borrowing, not later than 1:00 p.m.11:00 a.m., New York City time, on one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) date and the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that that, if a notice of prepayment may state that is given in connection with a conditional notice of termination or reduction of the Aggregate Commitment as contemplated by Section 2.02, then such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition notice of termination or reduction is not satisfiedrevoked in accordance with Section 2.02. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans Borrowing of the same type designated by Type as provided in Section 2.04. Each prepayment of a Borrowing shall be applied ratably to the Borrower, at its sole discretionLoans included in the prepaid Borrowing. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.172.13.

Optional Prepayment of Loans. 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 the provisions of this Section 2.112.08. The Borrower shall notify the Administrative Agent by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion; provided, however, no optional prepayments or redemptions may be made in respect of any Refinancing Senior Debt unless the Loans are prepaid on at least a pro rata basis. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.11 and (ii) break funding payments to the extent required by Section 2.17.2.14. Cleco Corporate Holdings LLC Term Loan Credit Agreement

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Class and Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.13 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by telephone, hand delivery, facsimile or electronic transmission (promptly confirmed, in the case of telephonic notice, by hand delivery, facsimile or electronic transmission) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Term SOFR Borrowing, not later than 1:00 p.m., New York City time, three (3) U.S. Government Securities Business Days before the date of 42 Cleco Corporate Holdings LLC Revolving Credit Agreement prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing or an Adjusted Daily Simple SOFR Borrowing, not later than 1:00 p.m., New York City time, on the date of prepaymentprepayment (provided, that in the case of an Adjusted Daily Simple SOFR Borrowing, such day is a U.S. Government Securities Business Day). Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked or extended by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Term SOFR Borrowing, not later than 1:00 p.m., New Cleco Power LLC Revolving Credit Agreement York City time, three (3) U.S. Government Securities Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing or an Adjusted Daily Simple SOFR Borrowing, not later than 1:00 p.m., New York City time, on the date of prepaymentprepayment (provided, that in the case of an Adjusted Daily Simple SOFR Borrowing, such day is a U.S. Government Securities Business Day). Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked or extended by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. The Subject to the provisos below, the Borrower shall have the right may at any time and from time to time to prepay any Borrowing the Loans, in whole or in part, subject without premium or penalty, upon irrevocable notice delivered to prior notice in accordance with the provisions of this Section 2.11. The Borrower shall notify the Administrative Agent by hand deliveryprior to 10:00 A.M., facsimile New York City time on the same Business Day, which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or electronic transmission Base Rate Loans; 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 2.20. Upon receipt of any such notice of prepayment hereunder the Administrative Agent shall notify each relevant Lender thereof on the date of receipt of such notice. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with (i) except in the case of prepayments of Swingline Loans and Revolving Loans maintained as Base Rate Loans, unless the Total Revolving Commitments have terminated or are being terminated substantially concurrently therewith) accrued interest to such date on the amount prepaid. Partial prepayments shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the then outstanding principal amount of Revolving Loans); provided that partial prepayments of Swingline Loans shall be in an aggregate principal amount of $500,000 or a whole multiple thereof (or, if less, the then outstanding principal amount of Swingline Loans). The application of any prepayment pursuant to this Section 2.13 shall be made, first, to Base Rate Loans of a the respective Lenders (and of the respective tranche, if there are multiple tranches) and, second, to Eurodollar BorrowingLoans of the respective Lenders (and of the respective tranche, not later than 1:00 p.m.if there are multiple tranches); provided, New York City timehowever, three (3) Business Days before prior to the date Stated Maturity of prepaymentthe Class A Revolving Commitments, or (ii) in prepayments of any Revolving Loans of any Type shall be made ratably among the case Class A Revolving Loans of such Type outstanding and the Class B Revolving Loans of such Type outstanding. A notice of prepayment of a Base Rate Borrowingall outstanding Loans pursuant to this Section 2.13, not later than 1:00 p.m., New York City time, on delivered by the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that Borrower contemporaneously with a notice of prepayment termination of the Total Revolving Commitments pursuant to Section 2.12, may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation proceeds of another transactionwhich will be used to refinance in full this Agreement, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 and (ii) break funding payments to the extent required by Section 2.17.

Optional Prepayment of Loans. 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 the provisions of this Section 2.112.08. The Borrower shall notify the Administrative Agent by hand delivery, facsimile or electronic transmission of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify (x) the prepayment date, (y) the principal amount of each Borrowing or portion thereof to be prepaid and (z) the Type of Borrowing to be prepaid; provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the consummation of another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in a minimum aggregate amount of $1,000,000 and $500,000 increments in excess thereof. Any such prepayment will be applied to the relevant Loans of the same type designated by the Borrower, at its sole discretion. Prepayments shall be payable without penalty or premium and shall be accompanied by (i) accrued interest to the extent required by Section 2.14 2.11 and (ii) break funding payments to the extent required by Section 2.172.14.