Optional Prepayment of Principal. Borrower may prepay principal, with accrued interest, at any time and the amount of principal so prepaid shall be available for further Draws by Borrower during the Draw Period to the extent that the prepayment of principal was not required under paragraph (c) of this Section 1.
Optional Prepayment of Principal. Borrower may prepay principal, with accrued interest, at any time and the amount of principal so prepaid shall be available for further Draws by Borrower during the Draw Period to the extent that the prepayment of principal was not required under Section 3.2.1.
Optional Prepayment of Principal. All or any portion of the unpaid Principal balance of this Note, together with all accrued and unpaid Interest on the Principal amount being prepaid, may at the Maker’s option be prepaid in whole or in part, at any time or from time to time, without premium or penalty, upon ten (10) days’ prior written notice to the Payee.
Optional Prepayment of Principal. Subject to the terms of the Credit Agreement, including, without limitation, Section 2.2(b) of the Credit Agreement, all or any portion of the unpaid Principal balance of this Note, together with all accrued and unpaid Interest on the Principal amount being prepaid, may at the Maker's option be prepaid in whole or in part, at any time or from time to time, upon five (5) Business Days' prior written notice to the Payee.
Optional Prepayment of Principal. The unpaid Principal balance of this Note may, at the Maker’s option, be prepaid in whole or in part, at any time or from time to time, upon fifteen (15) days’ prior written notice to the Payee, provided that the Payee shall retain the right to convert all or any portion of such Principal amount called for prepayment, together with any or all Interest accrued thereon, at any time prior to the date fixed for prepayment, and thereafter until such prepayment is actually made. Any optional prepayment of Principal hereunder shall require the simultaneous payment of a prepayment premium as provided in Section 2.03(c) of the Loan Agreement.
Optional Prepayment of Principal. The Maker shall not prepay any portion of the Principal without the Payee's prior written consent, which consent may be withheld in the Payee's sole and absolute discretion.
Optional Prepayment of Principal. (i) With respect to any LIBOR Loan under the Facility, the Borrower may prepay a LIBOR Loan only upon at least three (3) Business Days prior written notice to the Bank (which notice shall be irrevocable), and any such prepayment shall occur only on the last day of the Interest Period for such LIBOR Loan. The Borrower shall pay to the Bank, upon request of the Bank and in addition to the payment of all accrued and unpaid interest due on the Facility, together with all sums, expenses and fees due and owing to the Bank, which fees shall be deemed to have been earned, such amount or amounts as shall be sufficient (in the reasonable opinion of the Bank) to compensate it for any loss, cost, or expense incurred as a result of: (i) any payment of a LIBOR Loan on a date other than the last day of the Interest Period for such Loan; (ii) any failure by the Borrower to borrow a LIBOR Loan on the date specified by Borrower's written notice; (iii) any failure by the Borrower to pay a LIBOR Loan on the date for payment specified in the Borrower's written notice. Without limiting the foregoing, the Borrower shall pay to the Bank a "yield maintenance fee" in an amount computed as follows: The current rate for United States Treasury securities (bills on a discounted basis shall be converted to a bond equivalent) with a maturity date closest to the term chosen pursuant to the LIBOR Rate Election as to which the prepayment is made, shall be subtracted from the LIBOR RATE in effect at the time of prepayment. If the result is zero or a negative number, there shall be no yield maintenance fee. If the result is a positive number, then the resulting percentage shall be multiplied by the amount of the principal balance being prepaid. The resulting amount shall be divided by 360 and multiplied by the number of days remaining in the term chosen pursuant to the LIBOR Rate Election as to which the prepayment is made. Said amount shall be reduced to present value calculated by using the above referenced United States Treasury securities rate and the number of days remaining in the term chosen pursuant to the LIBOR Rate Election as to which prepayment is made. The resulting amount shall be the yield maintenance fee due to the Bank upon the prepayment of a LIBOR Loan. Each reference in this paragraph to "LIBOR Rate Election" shall mean the election by the Borrower of the LIBOR Rate. If by reason of an Event of Default, the Bank elects to declare the Revolving Note to be immediately due an...
Optional Prepayment of Principal. The unpaid Principal balance of this Note may, at the Maker’s option, be prepaid in whole or in part, at any time or from time to time upon twenty (20) days’ prior written notice to the Payee, provided that the Payee shall retain the right to convert all or any portion of such Principal amount called for prepayment, together with any or all Interest accrued thereon, at any time prior to the date fixed for prepayment, and thereafter until such prepayment is actually made. Any optional prepayment of Principal hereunder (other than a prepayment (i) required pursuant to Section 2.02(e) of the Loan Agreement, or (ii) made with the proceeds received from the sale of any business unit or units, promptly upon receipt of such proceeds) shall require the simultaneous payment of a prepayment premium as provided in Section 2.03(c) of the Loan Agreement.
Optional Prepayment of Principal. The Company shall have the -------- ---------- -- --------- right at any time to prepay the outstanding principal amount of the Loans, as a whole or in part, without premium or penalty, upon not less than one Business Day's (with respect to Base Rate Loans) and three (3) Eurodollar Business Days' (with respect to Eurodollar Rate Loans) written, telegraphic or telephonic notice to the Agent; provided that (i) each partial prepayment shall be in the -------- aggregate principal amount of (a) $1,000,000 or an integral multiple thereof with respect to Eurodollar Rate Loans or (b) $500,000 or some greater integral multiple of $100,000 with respect to Base Rate Loans, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the Company, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans; (ii) each partial prepayment shall be allocated by the Agent among all of the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank's Note, with adjustments to the extent practical to equalize any prior prepayments not exactly in proportion; (iii) prepayments on any Eurodollar Rate Loan may be made only on the last day of the Interest Period applicable to such Eurodollar Rate Loan; and (iv) amounts so prepaid prior to the Final Maturity may be reborrowed hereunder until the Final Maturity.
Optional Prepayment of Principal. The principal amount of this Note is subject to optional pro rata prepayment of principal, in whole or from time to time in part, on the terms specified in Section 8(b) of the Note Exchange Agreement.
