Common use of Optional Prepayment of Term Loans Clause in Contracts

Optional Prepayment of Term Loans. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan A Maturity Date and Term Loan B Maturity Date, as the case may be, as a whole, or in part, upon not less than two (2) 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 $250,000 or an integral multiple of $50,000 in excess thereof, N no portion of the Term Loans bearing interest at the Eurodollar Rate may be prepaid pursuant to this §4.4 except on the last day of the Interest Period relating thereto, (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 and (d) each such prepayment shall be applied pro rata to Term Loan A and Term Loan B based on the then outstanding amounts of each of the Term Loans. Any prepayment of principal of the Term Loans shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on such Terms Loan on a pro rata basis. No amount repaid with respect to the Term Loans may be reborrowed.

Optional Prepayment of Term Loans. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan A Maturity Date and Term Loan B Maturity Date, as the case may be, as a whole, or in part, upon not less than two three (23) Business Days Days' prior written notice to the Managing Agent, without premium or penalty; provided that, provided that (a) each partial prepayment shall be in the principal amount of $250,000 500,000 or an in integral multiple multiples of $50,000 100,000 in excess thereof, N no (b) any portion of the Term Loans bearing interest at the Eurodollar Rate may only be prepaid pursuant to this §4.4 except Section 4.2 on the last day of the Interest Period relating thereto, 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 Tranche B Term Note or Tranche C Term Note, at the Borrower's option, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion and (d) each such prepayment shall be applied pro rata to Term Loan A and Term Loan B based on the then outstanding amounts of each of the Term Loansproportion. Any prepayment of principal of the Term Loans shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on such Terms the Tranche B Term Loan on a pro rata basisor the Tranche C Term Loan, at the Borrower's option, in the inverse order of maturity. No amount repaid with respect to the Term Loans may be reborrowed.

Optional Prepayment of Term Loans. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan A Maturity Date and Term Loan B Maturity Date, as the case may berelating thereto, as a whole, or in part, upon not less than two three (23) Business Days Days' prior written notice to the Administrative Agent, without premium or penalty; provided that, provided that (a) each partial prepayment shall be in the principal amount of $250,000 500,000 or an in integral multiple multiples of $50,000 100,000 in excess thereof, N no (b) any portion of the Term Loans bearing interest at the Eurodollar Rate may only be prepaid pursuant to this §4.4 except Section 4.2 on the last day of the Interest Period relating thereto, 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 Tranche C Term Note and Fund Tranche Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion and (d) each such prepayment shall be applied pro rata to Term Loan A and Term Loan B based on the then outstanding amounts of each of the Term Loansproportion. Any Each prepayment of principal of the Term Loans shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on such Terms the Tranche C Term Loan on a pro rata basisand the Fund Tranche Term Loan, in the inverse order of maturity. No amount repaid with respect to the Term Loans may be reborrowed."

Optional Prepayment of Term Loans. The Borrower shall have the right at any time to prepay the Term A Notes and Term B Notes on or before the Term Loan A Maturity Date and the Term Loan B Maturity Date, as the case may be, as a whole, or in part, upon not less than two three (23) 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 $250,000 500,000 or an integral multiple of $50,000 in excess thereof, N (b) no portion of the Term Loans bearing interest at the Eurodollar Rate may be prepaid pursuant to this §4.4 Section 4.6 except on the last day of the Interest Period relating thereto, unless the Borrower has complied with Section 6.10, (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 NoteNotes, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion proportion, and (d) each such prepayment shall be applied pro rata to the Term A Loan A and the Term B Loan B based on the then outstanding amounts of each of the Term Loans. Any prepayment of principal under this Section 4.6 of the Term Loans shall include be accompanied by all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on such Terms Loan on a the Term Loans pro rata basisrata. No amount repaid with respect to the Term Loans (whether under this Section 4.6 or otherwise) may be reborrowed.

Optional Prepayment of Term Loans. The Borrower shall have the right at any time to prepay the Term Notes on or before the Term Loan A Maturity Date and Term Loan B Maturity Date, as the case may berelating thereto, as a whole, or in part, upon not less than two three (23) Business Days Days' prior written notice to the Administrative Agent, without premium or penalty; provided that, provided that (a) each partial prepayment shall be in the principal amount of $250,000 500,000 or an in integral multiple multiples of $50,000 100,000 in excess thereof, N no (b) any portion of the Term Loans bearing interest at the Eurodollar Rate may only be prepaid pursuant to this §4.4 except Section 4.2 on the last day of the Interest Period relating thereto, 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 Tranche B Term Note, Tranche C Term Note or Fund Tranche Term Note, at the Borrower's option, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion and (d) each such prepayment shall be applied pro rata to Term Loan A and Term Loan B based on the then outstanding amounts of each of the Term Loansproportion. Any prepayment of principal of the Term Loans shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on such Terms the Tranche B Term Loan, the Tranche C Term Loan on a pro rata basisthe Fund Tranche Term Loan, at the Borrower's option, in the inverse order of maturity. No amount repaid with respect to the Term Loans may be reborrowed.. 4.3