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 five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (a) each partial prepayment shall be in the principal amount of $100,000 or an integral multiple thereof, (b) no portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this Section 4.4 except on the last day of the Interest Period relating thereto, unless accompanied by any amounts due under Section 6.10 and (c) each partial prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective outstanding amount of each Lender's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. 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 on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (a) each partial -------- prepayment shall be in the principal amount of $100,000 500,000 or an integral multiple thereof, (b) no any portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this Section 4.4 (S)4.4 except on the last day of the Interest Period relating theretothereto shall be subject to the indemnity requirement in (S)6.10, unless accompanied by any amounts due under Section 6.10 and (c) each partial prepayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective outstanding amount of each LenderBank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the remaining scheduled installments of principal due on the Term Loan pro rata; provided, however, that --- ---- -------- ------- 4.3.1 shall be applied directly to such scheduled installment of principal until paid in full and then applied pro rata to each of the inverse order remaining scheduled --- ---- installments of maturityprincipal due on the Term Loan. 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 five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (a) each -------- partial prepayment shall be in the principal amount of $100,000 500,000 or an integral multiple thereof, (b) no any portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this Section 4.4 (S)4.4 except on the last day of the Interest Period relating theretothereto shall be subject to the indemnity requirement in (S)6.10, unless accompanied by any amounts due under Section 6.10 and (c) each partial prepayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective outstanding amount of each LenderBank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the remaining scheduled installments of principal due on the Term Loan pro rata; provided, however, that any prepayment of principal --- ---- -------- ------- of the Term Loan made within thirty (30) days of the due date of any regularly scheduled installment of principal pursuant to (S) 4.3.1 shall be applied directly to such scheduled installment of principal until paid in full and then applied pro rata to each of the inverse order remaining scheduled installments of maturityprincipal --- ---- due on the Term Loan. 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 five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (a) each partial -------- prepayment shall be in the principal amount of $100,000 500,000 or an integral multiple thereof, (b) no any portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this Section 4.4 (S)4.4 except on the last day of the Interest Period relating theretothereto shall be subject to the indemnity requirement in (S)6.10, unless accompanied by any amounts due under Section 6.10 and (c) each partial prepayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective outstanding amount of each LenderBank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the remaining scheduled installments of principal due on the Term Loan pro rata; provided, however, that any prepayment of principal -------- ----------------- of the Term Loan made within thirty (30) days of the due date of any regularly scheduled installment of principal pursuant to (S) 4.3.1 shall be applied directly to such scheduled installment of principal until paid in full and then applied pro rata to each of the inverse order remaining scheduled installments of maturityprincipal -------- due on the Term Loan. 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 five (5) Business Days Days' 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 $100,000 or an integral multiple thereof, (b) no portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this Section 4.4 except sec.4.4 except, at the Borrower's option, either on the last day of the Interest Period relating theretothereto or subject to the provisions of sec.6.9(c) of the Credit Agreement, unless accompanied by any amounts due under Section 6.10 and (c) each partial prepayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective outstanding amount of each LenderBank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. Any prepayment of principal of the Term Loan shall include all interest accrued to the date of prepayment and shall shall, if made after the first anniversary of the Closing Date, be applied against the scheduled installments of principal due on the Term Loan pursuant to sec.4.3.1 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 on or before the Term Loan Maturity Date, as a whole, or in part, upon not less than five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (ai) each partial -------- prepayment shall be in the principal amount of $100,000 or an integral multiple thereof, (bii) no portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this Section 4.4 (S)4.4 except on the last day of the Interest Period relating thereto, thereto (unless accompanied by any amounts due under Section 6.10 required by (S)6.10), and (ciii) each partial prepayment shall be allocated among the LendersBanks, in proportion, as nearly as practicable, to the respective outstanding amount of each LenderBank's Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. 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 maturitypro rata. No amount repaid with respect to the Term Loan may be reborrowed.