Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, at any time and from time to time, to prepay any Revolving Loans under any Revolving Facility, in whole or in part, (i) with respect to Eurodollar Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall be permitted pursuant to this Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Revolving Loans shall result in the aggregate principal amount of the Eurodollar Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000.
(b) All prepayments under Section 2.13(a) shall be accompanied by accrued but unpaid interest on the principal amount being prepaid to (but not including) the date of prepayment, plus any Fees and any losses, costs and expenses, as more fully described in Sections 2.15 and 2.19 hereof.
(c) Each notice of prepayment shall specify the prepayment date, the applicable Revolving Facility, the principal amount of the Revolving Loans thereunder to be prepaid and, in the case of Eurodollar Revolving Loans, the Borrowing or Borrowings pursuant to which made, shall be irrevocable and shall commit the Borrower to prepay such Revolving Loan by the amount and on the date stated therein; provided that the Borrower may revoke any notice of prepayment under this Section 2.13 if such prepayment would have resulted from a refinancing of any or all of the Obligations hereunder, which refinancing shall not be consummated or shall otherwise be delayed. The Administrative Agent shall, promptly after receiving notice from the Borrower hereunder, notify each Lender under the appli...
Optional Prepayment of Revolving Loans. The Borrower may prepay without penalty or premium the principal of any Revolving Loan, in whole or in part.
Optional Prepayment of Revolving Loans. As set forth in Section 1.01(a), at any time after the Closing Date, the Borrower may prepay, and thereafter reborrow, subject to the terms and conditions set forth herein (including Section 3.03), all or any portion of the Revolving Loans then outstanding.
Optional Prepayment of Revolving Loans. The Borrower may at any time and from time to time prepay the Revolving Loans and the Reimbursement Obligations in respect of Letters of Credit in whole or in part, subject to Subsection 4.12, without premium or penalty, upon notice by the Borrower to the Administrative Agent prior to 1:00 P.M., New York City time, at least three Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of Daily Simple SOFR Rate Loans, Term SOFR Rate Loans, Eurodollar Loans or BA Equivalent Loans), or prior to 12:00 P.M., New York City time, on the date of prepayment (or such later time as may be agreed by the Administrative Agent in its reasonable discretion) (in the case of ABR Loans, Canadian Prime Rate Loans or Reimbursement Obligations). Such notice shall specify the date and amount of prepayment, the currency of the Revolving Loans to be prepaid and whether the prepayment is (i) of Initial Revolving Loans, Incremental Revolving Loans, Extended Revolving Loans, Specified Refinancing Revolving Loans or Swing Line Loans, or a combination thereof, and (ii) of Daily Simple SOFR Rate Loans, Term SOFR Rate Loans, Eurodollar Loans, ABR Loans, BA Equivalent Loans, Canadian Prime Rate Loans or a combination thereof and, in each case if a combination thereof, the principal amount allocable to each and, in the case of any prepayment of Reimbursement Obligations, the date and amount of prepayment, the identity of the applicable Letter of Credit or Letters of Credit and the amount allocable to each of such Reimbursement Obligations. Any such notice may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Upon the receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (if a Term SOFR Rate Loan, Eurodollar Loan or BA Equivalent Loan is prepaid other than at the end of the Interest Period applicable thereto) any amounts payable pursuant to Subsection 4.12. Partial prepayments of the Revolving Loans...
Optional Prepayment of Revolving Loans. The Borrower may from time to -------------------------------------- time, without premium or penalty (except default interest, if applicable), prepay any Revolving Loan in whole or in part; provided, however, that partial payments shall be in increments of $50,000 (or integral multiples thereof). The Borrower agrees that the Bank shall apply amounts received by the Bank pursuant to the provisions of Section 6.1 and this Section 6.2 first to any Overadvances ----------- ----------- then outstanding and then in such manner as the Bank shall elect in its sole discretion.
Optional Prepayment of Revolving Loans. The Borrowers shall have the right at any time and from time to time to voluntarily prepay the Revolving Loans in whole or in part, subject to the requirements of this Section 2.09 and Section 2.14. Each optional prepayment of Revolving Loans shall be made ratably among the Revolving Loans of all Revolving Lenders (except that prepayments of Swingline Loans shall be made solely to the Swingline Lender), and such prepayments shall be made with respect to such Types of Revolving Loans as the Borrowers may specify by notice to the Administrative Agent at or before the time of such prepayment as provided in Section 2.09(d) below. Prepayments of Revolving Loans shall be accompanied by fees to the extent required by Section 2.10 and accrued interest to the extent required by Section 2.11.
Optional Prepayment of Revolving Loans. The Borrower shall have the right at any time and from time to time to prepay any Revolving Loan in whole or in part.
Optional Prepayment of Revolving Loans. The Borrower may prepay at any time any Revolving Loans in whole or in part without penalty except to the extent any amounts are owed pursuant to SECTION 4.11 as a result of such prepayment; PROVIDED, that (a) the Borrower shall give the Bank not less than one (1) Business Days' prior notice thereof for Prime Rate Loans and not less than three (3) Business Days' prior notice thereof for LIBOR Rate Loans, specifying the Revolving Loans to be prepaid, and the date and amount of prepayment, (b) subject to SECTION 4.9. LIBOR Rate Loans shall be prepaid only on the last day of the Interest Period relating thereto, (c) each partial prepayment shall be in a principal amount of $100,000 or an integral multiple thereof, and (d) any prepayment of the entire principal amount of all Revolving Loans shall include accrued interest to the date of prepayment.
Optional Prepayment of Revolving Loans. The Borrower may, upon at least one (1) Business Day’s prior written notice by the Borrower to the Administrative Agent, at any time and from time to time, prepay the Revolving Loans in whole or in part in a minimum amount of $250,000 and integral multiples of $250,000 (or such lesser amount as may then be outstanding), without premium or penalty (but subject to Section 6.03). Any notice of prepayment given to the Administrative Agent under this Section 5.01(b) shall specify the Revolving Loans to be prepaid, the date (which shall be a Business Day) of prepayment, and the aggregate principal amount of the prepayment. When notice of prepayment is delivered as provided herein, the principal amount of the Revolving Loans specified in the notice shall become due and payable on the prepayment date specified in such notice and such notice shall be irrevocable; provided, however, if such notice was given in connection with a refinancing or replacement of this Agreement, and such refinancing or replacement does not close for reasons other than the failure of the Borrower to satisfy any of the closing conditions, the Borrower may revoke such notice; provided further, that the Borrower may exercise its revocation rights under this provision only once during the life of this Agreement. Any prepayment of any Revolving Loan shall be accompanied by the payment of all accrued and unpaid interest and fees with respect to the principal being prepaid through the date of prepayment.
Optional Prepayment of Revolving Loans. The Borrower may prepay at any time any Revolving Loans in whole or in part without penalty except to the extent any amounts are owed pursuant to Section 4.11 as a result of such prepayment; provided, that
(a) the Borrower shall give the Bank not less than one (1) Business Days' prior notice thereof for Prime Rate Loans and not less than three (3) Business Days' prior notice thereof for Eurodollar Rate Loans, specifying the Revolving Loans to be prepaid, and the date and amount of prepayment, (b) subject to Section 4.9, Eurodollar Rate Loans shall be prepaid only on the last day of the Interest Period relating thereto, (c) each partial prepayment shall be in a principal amount of $100,000 or an integral multiple thereof, and (d) any prepayment of the entire principal amount of all Revolving Loans shall include accrued interest to the date of prepayment.
