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 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 (i) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 thereof, (ii) no portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this ss.3.5 except on the last day of the Interest Period relating thereto, and (iii) each partial prepayment shall be allocated among the Term Loan Lenders in accordance with such Lenders' Term Loan Percentages. 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 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 five three (53) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (ia) each partial prepayment shall be in the principal amount of $1,000,000 250,000 or an integral multiple of $500,000 thereof, (iib) no portion of the Term Loan bearing interest at with reference to the Eurodollar LIBOR Rate may be prepaid pursuant to this ss.3.5 §4.4 except on the last day of the Interest Period relating thereto, and (iiic) 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 Loan Lenders Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in accordance with such Lenders' Term Loan Percentagesproportion. 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 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 five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided provided, that (ia) each partial -------- prepayment shall be in the principal amount of $1,000,000 100,000 or an integral multiple of $500,000 thereof, ; (iib) no portion of the Term Loan bearing interest at the Eurodollar LIBOR Rate may be prepaid pursuant to this ss.3.5 (S)3.4 except on the last day of the Interest Period relating thereto, ; and (iiic) 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 Loan Lenders Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in accordance with such Lenders' Term Loan Percentagesproportion. 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. maturity No amount 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 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 PROVIDED that (ia) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, (iib) no portion of the Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this ss.3.5 Section 3.5 except on the last day of the Interest Period relating theretothereto except in accordance with Section 5.9, and (iiic) each partial prepayment shall be allocated among the Term Loan Lenders Lenders, in accordance proportion, as nearly as practicable, to the respective outstanding amount of each Term Lender's Term Note, with such Lenders' Term Loan Percentagesadjustments 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 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 five three (53) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that (ia) each partial prepayment shall be in the principal amount of $1,000,000 250,000 or an integral multiple of $500,000 thereof, (iib) no portion of the Term Loan bearing interest at with reference to the Eurodollar LIBOR Rate may be prepaid pursuant to this ss.3.5 Section 5.4 except on the last day of the Interest Period relating thereto, and (iiic) 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 Loan Lenders Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in accordance with such Lenders' Term Loan Percentagesproportion. 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.