Optional Prepayment of the Term Loan. The Borrower may at any time and from time to time prepay the Term Loan, in whole or in part, with irrevocable prior written notice to the Administrative Agent in substantially in the form attached as Exhibit D (a “Notice of Prepayment”) given not later than 1:00 p.m. (i) on the same Business Day as prepayment of the portion of the Term Loan which is a Base Rate Loan and (ii) at least three (3) Business Days before prepayment of the portion of Term Loan which is a LIBOR Rate Loan specifying (A) the date and amount of prepayment and (B) whether the repayment is of Term Loans which are LIBOR Rate Loans, Term Loans which are Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender thereof. If any such Notice of Prepayment is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial prepayments shall be in an aggregate amount of (i) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans or any lesser amount outstanding, (ii) $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans or any lesser amount outstanding. A Notice of Prepayment received after 1:00 p.m. shall be deemed received on the next Business Day. Each such prepayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof. Optional prepayments of the Term Loan shall be applied to the remaining principal installments (including principal payments to be made on the maturity date thereof) of the Term Loan as the Borrower may direct the Administrative Agent in writing.
Optional Prepayment of the Term Loan. (a) Subject to clause (b) hereof, the Borrower (at its option), may prepay all or any portion of the outstanding principal of any ABR Term Loan Borrowing at any time, and may prepay all or any portion of the outstanding principal of any Eurodollar Term Loan Borrowing upon one (1) Business Day’s notice to Administrative Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of any Term Loan Borrowing shall be without premium or penalty, except to the extent set forth in Section 4.08(e) and Section 6.02.
(b) Each partial optional prepayment of the Term Loan made pursuant to this Section shall be applied to all installments of the Term Loan due thereunder in the inverse order of maturity to all such principal payments as follows: first, to that portion of the Term Loan outstanding as Eurodollar Borrowings which have Interest Periods ending on the date of payment, and, second, to any remaining Borrowings of the Term Loan being carried at the Adjusted LIBOR Rate.
(c) All prepayments of the Term Loan shall be made to the Administrative Agent for distribution ratably to the Term Loan Lenders in accordance with their respective Term Loan Percentages.
Optional Prepayment of the Term Loan. The Borrowers may prepay the principal of the Term Loan, in whole or in part, at any time and from time to time by (a) providing to the Agent two (2) Business Days prior written notice of its intention to make such prepayment and (b) paying to the Agent or, if applicable, paying in compliance with Section 15.23 all accrued and unpaid interest on the principal amount being prepaid concurrently with the making of such prepayment; provided, however, that each such optional prepayment shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof.
Optional Prepayment of the Term Loan. Borrower will have the right to prepay the Term Loan, in whole or in part at any time without penalty or premium, resulting from such prepayment. Each prepayment shall be in a minimum amount of One Hundred Thousand Dollars ($100,000).
Optional Prepayment of the Term Loan. The Borrower may, on the same Business Day's telephone notice no later than 11:00 A.M. (New York City time) (promptly confirmed in writing) prepay the outstanding amount of the Term Loan in whole, but not in part, by payment of the sum of (i) an amount equal to the product of (a) the Prepayment Factor and (b) the outstanding principal amount of the Term Loan, plus (ii) accrued interest to the date of such prepayment, plus (iii) the balance of the Loan Fees not previously paid to the Lender, plus (iv) all other Term Obligations; provided, however, that the Borrower may not prepay the Term Loan unless, simultaneously therewith, the Borrower also prepays the Line Loan as set forth in Section 3.05 hereof.
Optional Prepayment of the Term Loan. Borrower may prepay without cost or penalty, the outstanding amount of the Term Loan in whole or in part with accrued interest to the date of such prepayment on the amount prepaid.
Optional Prepayment of the Term Loan. At any time and from time to time, the Borrower shall have the right to prepay the Term Loan, in whole or in part, without premium or penalty, upon written notice given to the Bank not later than 11:00 a.m., Charlotte time, one (1) Business Day prior to each intended prepayment of any portion of the Term Loan that is maintained as a Base Rate Loan; provided that any prepayments of the Term Loan shall include interest on the principal amount being repaid; and provided further that, unless made together with all amounts required under Section 2.20 to be paid as a consequence of such prepayment, a prepayment of any portion of the Term Loan that is a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto.
Optional Prepayment of the Term Loan. Borrower's right to prepay the Term Loan shall be in accordance with the Schedule.
Optional Prepayment of the Term Loan. Prepayment will not be permitted until the occurrence of the earlier of (i) the drawdown of all amounts under Section 2.2 and (ii) the three-year anniversary of the date of Closing. Prepayment will thereafter be permitted without penalty.
Optional Prepayment of the Term Loan. The Borrowers may prepay the principal of the Term Loan, in whole or in part, at any time and from time to time by (a) providing to the Agent two (2) days prior written notice of its intention to make such prepayment and (b) paying to the Agent (i) all accrued and unpaid interest on the principal amount being prepaid and (ii) the required Exit Fee, in each case concurrently with the making of such prepayment.
