Common use of Optional Prepayment of Loans Clause in Contracts

Optional Prepayment of Loans. (a) 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 Section 2.16) in minimum amounts equal to $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 4 contracts

Samples: Credit Agreement (Service Corp International), Credit Agreement (Service Corp International), Credit Agreement (Service Corp International)

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Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay prepay, without premium or penalty, any Borrowing in whole and or in part without premium or penalty (but subject to Section 2.16) part, in a minimum amounts equal to amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this SectionSection 2.10.

Appears in 3 contracts

Samples: Credit Agreement (ANTERO RESOURCES Corp), Credit Agreement (ANTERO RESOURCES Corp), Credit Agreement (Antero Resources Midstream LLC)

Optional Prepayment of Loans. (a) 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 part, subject to Section 2.16the requirements of this Section; provided, however, that voluntary prepayments (other than a prepayment in whole) shall be in the minimum amounts equal to amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 100,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionthereof.

Appears in 3 contracts

Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)

Optional Prepayment of Loans. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay prepay, without premium or penalty, any Borrowing in whole and or in part without premium or penalty (but subject to Section 2.16) part, in a minimum amounts equal to amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this SectionSection 2.10.

Appears in 3 contracts

Samples: Credit Agreement (Antero Resources LLC), Credit Agreement (Antero Resources Finance Corp), Credit Agreement (Antero Resources Finance Corp)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay the Loans (together with any Borrowing amounts due pursuant to Section 2.07 or Section 2.09), in whole or in part without premium or penalty (but subject to Section 2.16) part, in an aggregate minimum amounts amount equal to (a) if being paid in whole, the Obligations and (b) if being paid in part, $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionthat amount.

Appears in 2 contracts

Samples: Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing the Loans, in whole and or in part in an aggregate amount that is an integral multiple of $5,000,000 and not less than $10,000,000, without premium or penalty (but subject to Section 2.16) in minimum amounts equal to $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing)penalty, subject to prior notice in accordance with paragraph (b) of this Section.

Appears in 2 contracts

Samples: Assignment and Assumption (Exco Resources Inc), Senior Unsecured Term Credit Agreement (Exco Resources Inc)

Optional Prepayment of Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, 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 Section 2.16) 2.15); provided that each partial prepayment shall be in minimum amounts equal to $5,000,000 and in an amount that is an integral multiples multiple of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Section100,000 and not less than $500,000.

Appears in 2 contracts

Samples: Credit Agreement (TransDigm Group INC), Credit Agreement (TransDigm Group INC)

Optional Prepayment of Loans. (a) 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 Section 2.16) in minimum amounts equal to $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing)part, subject to prior notice in accordance with paragraph (bSection 2.11(b); provided that each such prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000. For the avoidance of doubt, Section 2.01(a) of this Sectionprovides that New Money Loans so optionally prepaid may be re-borrowed pursuant to the terms and conditions hereof.

Appears in 1 contract

Samples: Possession Credit Agreement

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay prepay, without premium or penalty, any Borrowing in whole and or in part without premium or penalty (but subject to Section 2.16) part, in a minimum amounts equal to amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this SectionSection 2.10.

Appears in 1 contract

Samples: Assignment and Assumption (ANTERO RESOURCES Corp)

Optional Prepayment of Loans. (a) The Except as provided in Section 2.09, upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Borrowing Term Loan in whole or in part without premium or penalty (but subject to Section 2.16) in minimum amounts equal 2.14); provided that each partial prepayment pursuant to this Section 2.08 shall be not less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or100,000. Notwithstanding anything to the contrary, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this SectionBorrowings prepaid may not be reborrowed.

Appears in 1 contract

Samples: Term Credit Agreement (Clean Energy Fuels Corp.)

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Optional Prepayment of Loans. (a) The Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Borrowing of any Class in whole or in part without premium or penalty (but subject to Section 2.16) 2.15 and Section 2.09(d)); provided that each partial prepayment shall be in minimum amounts equal to $5,000,000 and in an amount that is an integral multiples multiple of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Section100,000 and not less than $500,000.

Appears in 1 contract

Samples: Credit Agreement (TransDigm Group INC)

Optional Prepayment of Loans. (a) The Upon prior notice in accordance with clause (b) of this Section, 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 Section 2.16) 2.14); provided that each partial prepayment shall be in minimum amounts equal to $5,000,000 and in an amount that is an integral multiples multiple of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionand not less than $1,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sunpower Corp)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing the Loans, in whole or in part without premium or penalty (but subject to Section 2.16) part, in an aggregate minimum amounts amount equal to (i) if being paid in whole, the Obligations and (ii) if being paid in part, $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionthat amount.

Appears in 1 contract

Samples: Credit Agreement (Gastar Exploration Inc.)

Optional Prepayment of Loans. (a) The Borrower Borrowers 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 part, subject to Section 2.16) the requirements of this Section; provided, however, that voluntary prepayments shall be in the minimum amounts equal to amount of $5,000,000 1,000,000 and in integral multiples of $1,000,000 100,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionthereof.

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing Base Rate Loan in whole or in part part, without premium or penalty (but subject penalty, upon prior written notice to Section 2.16) the Agent; provided, however, that each such partial prepayment shall be in minimum amounts equal to the principal amount of at least $5,000,000 1,000,000 and in integral multiples increments of $1,000,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionthereof.

Appears in 1 contract

Samples: Credit Agreement (Hilb Rogal & Hamilton Co /Va/)

Optional Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing Base Rate Loan in whole or in part part, without premium or penalty (but subject penalty, upon prior written notice to Section 2.16) the Administrative Agent; provided, however, that each such partial prepayment of Revolving Loans shall be in minimum amounts equal to the principal amount of at least $5,000,000 2,500,000 and in integral multiples of $1,000,000 500,000 in excess thereof (or, if less, in the amount of the then-outstanding principal amount of such Borrowing), subject to prior notice in accordance with paragraph (b) of this Sectionthereof.

Appears in 1 contract

Samples: Credit Agreement (Florida East Coast Industries Inc)

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