Common use of Optional Prepayment of Term Loan Clause in Contracts

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven (7) Business Days prior written notice to the Agent, without premium or penalty, PROVIDED that (a) each partial prepayment shall be in the principal amount of $5,000,000 or an integral multiple thereof, (b) any portion of any Eurodollar Rate Loan which has been prepaid on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth in ss.6.9 hereof, and (c) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes Loans on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven one (71) Business Days Day prior written notice to the Administrative Agent, without premium or penalty, PROVIDED provided that (a) each partial prepayment shall be in the principal amount of $5,000,000 or an integral multiple thereof, (b) any portion of any Eurodollar Rate Loan which has been prepaid on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth in ss.6.9 Section 2.11 hereof, and (c) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued on such amount to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturityprepayment. No amount repaid with respect to the Term Loan may be reborrowed.. 39

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven five (75) Business Days prior written notice to the Administrative Agent, without premium or penalty, PROVIDED provided that (ai) each partial prepayment shall be in the principal amount of $5,000,000 or an integral multiple thereof, (bii) any no portion of any the Term Loan bearing interest at the Eurodollar Rate Loan which has been may be prepaid pursuant to this ss.4.4 except on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth in ss.6.9 hereofthereto, and (ciii) each partial prepayment shall be allocated among the BanksBanks in accordance with their respective Term Loan Commitment Percentages, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes Loan on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven five (75) Business Days prior written notice to the Agent, without premium or penalty, PROVIDED provided that (ai) each partial prepayment shall be in the principal amount of $5,000,000 1,000,000 or an integral multiple thereof, (bii) any no portion of any the Term Loan bearing interest at the Eurodollar Rate Loan which has been may be prepaid pursuant to this Section 4.4 except on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by unless the Borrower of pays any applicable breakage costs associated therewith in accordance with such prepayment as set forth in ss.6.9 hereof, Section 9.9; and (ciii) each partial prepayment shall be allocated among the Banks, Banks in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes Loans on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven one (71) Business Days Day prior written notice to the Administrative Agent, without premium or penalty, PROVIDED that (a) each partial prepayment shall be in the principal amount of $5,000,000 or an integral multiple thereof, (b) any portion of any Eurodollar Rate Loan which has been prepaid on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth in ss.6.9 Section 2.11 hereof, and (c) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued on such amount to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturityprepayment. No amount repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven five (75) Business Days prior written notice to the Agent, without premium or penalty, PROVIDED provided that (ai) each partial -------- prepayment shall be in the principal amount of $5,000,000 1,000,000.00 or an integral multiple thereof, (bii) any portion of any the Term Loan bearing interest at the Eurodollar Rate Loan which has been prepaid pursuant to this (S)4.4 except on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth indemnity requirement in ss.6.9 hereof(S)6.10, and (ciii) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowedreborrowed as a Term Loan.

Optional Prepayment of Term Loan. The Borrower Borrowers shall have the right at any time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven three (73) Business Days prior written notice to the Agent, without premium or penalty, PROVIDED provided that (a) each partial prepayment shall be in the principal amount of $5,000,000 100,000 or an integral a multiple of $100,000 in excess thereof, (b) any portion of any Eurodollar Rate Loan which has been prepaid on any day date other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower Borrowers of any applicable costs associated with such prepayment as set forth in ss.6.9 ss.6.10 hereof, and (ciii) each partial prepayment shall be allocated among amount the Banksbanks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied in the inverse order against the remaining scheduled installments of principal due on the Term Loan in the inverse order of maturityLoan. No amount repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes Loan on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven one (71) Business Days Day prior written notice to the Administrative Agent, without premium or penalty, PROVIDED provided that (a) each partial prepayment shall be in the principal amount of $5,000,000 or an integral multiple thereof, (b) any portion of any Eurodollar Rate Loan which has been prepaid on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth in ss.6.9 Section 6.7 hereof, and (c) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued on such amount to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturityprepayment. No amount repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrower shall have the right -------------------------------- at any time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven five (75) Business Days prior written notice to the Agent, without premium or penalty, PROVIDED provided that (ai) each partial -------- prepayment shall be in the principal amount of $5,000,000 1,000,000.00 or an integral multiple thereof, (bii) any portion of any the Term Loan bearing interest at the Eurodollar Rate Loan which has been prepaid pursuant to this (S)4.4 except on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth indemnity requirement in ss.6.9 hereof(S)6.10, and (ciii) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowedreborrowed as a Term Loan.

Optional Prepayment of Term Loan. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than seven (7) Business Days prior written notice to the Agent, without premium or penalty, PROVIDED that (a) each partial prepayment shall be in the principal amount of $5,000,000 or an integral multiple thereof, (b) any portion of any the Term Loan bearing interest at the Eurodollar Rate Loan which has been prepaid pursuant to this sec.4.4 on any day other than the last day of the Interest Period relating thereto shall be subject to the payment by the Borrower of any applicable costs associated with such prepayment as set forth in ss.6.9 sec.6.10 hereof, and (c) each partial prepayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective outstanding amount of each Bank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowed.