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.
Optional Prepayment of the Term Loan. Borrowers will have the right to prepay the Term Loan, in whole or in Part at any time without penalty or premium, except for LIBOR Breakage Costs resulting from such prepayment. Each prepayment shall be in minimum amount of $100,000 or any integral multiple of $100,000.
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 (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; 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. (a) Subject to clause (b) hereof, the Borrowers (at their option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the 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 a portion of the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty and any prepayment of a portion of the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1.
Optional Prepayment of the Term Loan. (a) Subject to the provisions of Sections 5.2(b) and 7.10, the Borrowers shall have the right at any time or from time to time to prepay the Term Notes on or before the Term Loan Maturity Date, as a whole, or in part, upon prior written notice by Xxxxxxx-Xxxxxxx, on behalf of such Borrowers, to the Agent by not later than 12:00 noon on the day of the proposed prepayment, provided that (i) each partial prepayment shall be in the principal amount of $500,000 or an integral multiple thereof, and (ii) each partial prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective outstanding amount of each Lender's applicable Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of any of the Term Loan shall include the premium referred to in Section 5.2(b) and all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on such Term Loan pro rata across the remaining installments thereof. No amount repaid with respect to any Term Loan may be reborrowed.
Optional Prepayment of the Term Loan. Borrower may voluntarily prepay the Term Loan in full or in part at any time upon five (5) days’ prior written notice to the Agent.
Optional Prepayment of the Term Loan. The Borrower shall have the right at any time to prepay the Term Notes on or before the Maturity Date relating thereto, as a whole, or in part, upon not less than three (3) 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 $500,000 or in integral multiples of $100,000 in excess thereof, (b) any portion of the Term Loan bearing interest at the Eurodollar Rate may only be prepaid pursuant to this 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 with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Each 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 Tranche B Term Loan in the inverse order of maturity. No amount repaid with respect to the Term Loan may be reborrowed.
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. 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.
