Common use of Optional Prepayment of Term Loan Clause in Contracts

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan on or before the Term Loan Maturity Date, in whole, or in part, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to 5.9 hereof, or as otherwise stated herein), provided that (a) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (b) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's Term Loan Percentage. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan on or before the Term Loan Maturity Date, in whole, or in part, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to s. 5.9 hereof, or as otherwise stated herein), provided that (a) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (b) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's Term Loan Percentage. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan Notes on or before the Term Loan Maturity Date, in as a whole, or in part, upon not less than three (3) Business Days' Days prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to 5.9 ss.5.8 hereof, or as otherwise stated herein), provided PROVIDed that (ai) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (bii) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's Lenders' Term Loan PercentagePercentages. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan Notes on or before the Term Loan Maturity Date, in as a whole, or in part, upon not less than three (3) Business Days' Days prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to 5.9 ss.5.8 hereof, or as otherwise stated herein), provided PROVIDED that (ai) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (bii) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's Lenders' Term Loan PercentagePercentages. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan on or before the Term Loan Maturity Date, in whole, or in part, upon not less than three (3) Business Days' ’ prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to §5.9 hereof, or as otherwise stated herein), provided that (a) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (b) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's ’s Term Loan Percentage. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Domestic Borrowers shall have the right at any time to prepay the Term Loan Notes on or before the Term Loan Maturity Date, in as a whole, or in part, upon not less than three (3) Business Days' Days prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to 5.9 Section 5.14 hereof, or as otherwise stated herein), provided PROVIDED that (ai) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (bii) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such LenderBank's Term Loan Percentage. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan Notes on or before the Term Loan Maturity Date, in whole, or in part, upon not less than three (3) Business Days' ’ prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to 5.9 §5.12 hereof, or as otherwise stated herein), provided that (a) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (b) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's ’s Term Loan Percentage. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.

Optional Prepayment of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan Notes on or before the Term Loan Maturity Date, in whole, or in part, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, without premium or penalty (other than the obligation to reimburse the Term Loan Lenders and the Administrative Agent pursuant to 5.9 ss.5.12 hereof, or as aS otherwise stated herein), provided PROVIDED that (a) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, and (b) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lender's Term Loan Percentage. 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 prepaid or repaid with respect to the Term Loan may be reborrowed.