Optional Prepayment of the Term Loans Sample Clauses

Optional Prepayment of the Term Loans. The Borrower may at any time and from time to time prepay the Term Loans made to it in whole or in part, subject to subsection 3.12, without premium or penalty, upon notice by the Borrower to the Administrative Agent prior to 1:00 P.M., New York City time at least three Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of Eurocurrency Loans), or prior to 12:00 P.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion) on the date of prepayment (in the case of ABR Loans). Such notice shall specify the date and amount of prepayment, whether the prepayment is of Eurocurrency Loans, ABR Loans or a combination thereof, and, if a combination thereof, the principal amount allocable to each. Upon the receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. Any such notice may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. If any such notice is given and is not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (if a Eurocurrency Loan is prepaid other than at the end of the Interest Period applicable thereto) any amounts payable pursuant to subsection 3.12 and accrued interest to such date on the amount prepaid. Partial prepayments pursuant to this subsection 3.4(a) shall be in multiples of $1.0 million; provided that, notwithstanding the foregoing, the Term Loans may be prepaid in their entirety.
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Optional Prepayment of the Term Loans. (i) In addition to the required payments of principal of the Term Loans set forth in Sections 2.08 (d)-(e) (Repayment of Loans) and any mandatory prepayments of principal of the Term Loans effected under clause (e) below, the US Borrower may, upon irrevocable written notice to the Administrative Agent pursuant to a Prepayment Notice, voluntarily prepay the Term Loans in whole or in part from time to time on any Business Day, without penalty or premium, except as provided in clauses (b)(iv) and (b)(v) below; provided that (i) such Prepayment Notice must be received by the Administrative Agent not later than 12:00 noon, New York time, three (3) Business Days prior to any date of prepayment of such Loans, (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of not less than $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or in the entire remaining principal balance of the Term Loan), (iii) any prepayment of Base Rate Loans shall be in a principal amount of not less than $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or in the entire remaining principal balance of the Term Loan), and (iv) any partial prepayment will be applied to reduce the remaining installments of the outstanding principal amount of the Term Loans in the manner described below. Each such Prepayment Notice shall be from a Responsible Officer of the US Borrower and shall specify the date and amount of such prepayment, and the amount of such prepayment shall be applied, at the US Borrower’s option, (i) to reduce in direct order of maturity the next four (4) scheduled amortization payments of the Tranche A Term Loans, Tranche B Term Loans (except for Tranche B1 Term Loans) and/or Tranche B1 Term Loans (as the US Borrower may elect) due pursuant to Sections 2.08(d) and (e) and thereafter on a pro rata basis to reduce the scheduled remaining amortization payments of the Tranche A Term Loans, Tranche B Term Loans (except for Tranche B1 Term Loans) and/or Tranche B1 Term Loans (as the US Borrower shall elect), as applicable, based on the amount of each such remaining scheduled amortization payment, pursuant to Sections 2.08(d) and (e), or (ii) to scheduled amortization payments pursuant to Sections 2.08(d) and (e) and the payment at final maturity on a pro rata basis of the Tranche A Term Loans, Tranche B Term Loans (except for Tranche B1 Term Loans) and/or Tranche B1 Term Loans (as the US Borrower shall elect). The Administrative Agent will pr...
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Optional Prepayment of the Term Loans of the Credit Agreement is hereby amended by (i) deleting each use of the phrase “and/or Tranche B Term Loans” found in clauses (i) and (iii)(u) thereof and replacing it with the phrase “, Tranche B Term Loans (except for Tranche B1 Term Loans) and/or Tranche B1 Term Loans”, (ii) deleting the phrase “and/or Pro Rata Tranche B Term Share” in clause (i) thereof and replacing it with the phrase “, Pro Rata Tranche B Term Share and/or Pro Rata Tranche B1 Term Share”, (iii) by deleting the phrase “and the Tranche B Term Loans” in clause (iii)(z) thereof and replacing it with the phrase “, Tranche B Term Loans (except for Tranche B1 Term Loans) and Tranche B1 Term Loans”, (iv) adding the phrase “(except for Tranche B1 Term Loans)” immediately following the phrase “Tranche B Term Loans” each time such phrase appears in clause (iv) thereof, (v) deleting the phrase “fee payable to the Tranche B Term Lenders” in clause (iv) thereof and replacing it with the phrase “fee payable to the Tranche B Term Loan Lenders holding Tranche B Term Loans (except for Tranche B1 Term Loans)”, (vi) deleting the phrase “any Tranche B Term Lender” in clause (iv) thereof and replacing it with the phrase “any such Tranche B Term Loan Lender” and (vii) adding the following new clause (vi) immediately after clause (v) thereof:
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Optional Prepayment of the 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 or the Term Loan B Maturity Date, as a whole, or in part, upon not less than three (3) Business Days' prior written notice to the Agent, without premium or penalty (but subject to (S)8.10), provided that (a) each partial prepayment shall be in the principal amount of $1,000,000 or an integral multiple thereof, and (b) 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. Any prepayment of principal of the Term Loans shall include all interest accrued to the date of prepayment and shall be applied pro rata against the remaining scheduled installments of principal due on the Term Loans. No amount repaid with respect to the Term Loans may be reborrowed.
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Optional Prepayment of the Term Loans. (a) Borrower shall have the right to prepay the Term Loans in whole at any time or in part from time to time, without premium or penalty, but with accrued and unpaid interest on the principal amount prepaid to the date of such prepayment. All such prepayments shall first be credited to accrued and unpaid interest and the balance shall be credited to principal. (b) Borrower shall notify Lender at least two days in advance of any such voluntary prepayment. Any partial prepayments shall be in the minimum principal amount of $10,000 and in increments of $1,000 thereafter (or the entire outstanding principal amount of either of the Term Loans), and each such partial prepayment shall be applied in the inverse order of maturity to principal installments due under the Term Loans as specified by the Borrower.
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Optional Prepayment of the Term Loans. Any 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 Loans 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 Loans (excluding the Cheyenne Construction Loans, the Cheyenne Term Loan and the Reno 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 Borrowers may not prepay the Term Loans unless, simultaneously therewith, the Borrowers also prepay the Line Loan as set forth in Section 3.05 hereof and the Cheyenne Construction Loans as set forth in Section 4.05 hereof. Upon such payment in accordance with Section 2.05, at the sole cost and expense of the Borrowers, the Lender will return to the Borrowers appropriate and proper releases of the Cheyenne Deed of Trust, the Reno Deed of Trust, the West Virginia Deed of Trust, the West Virginia First Priority Deed of Trust, and such other documents as the Loan Parties may reasonably request to effect a release of the Lender's security interest in the Collateral.
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Optional Prepayment of the Term Loans 
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Related to Optional Prepayment of the Term Loans

  • Optional Prepayment of Loans (a) The Borrower shall have the right to prepay the Loans on not less than three (3) Business Days’ prior written notice to the Senior Facility Agent. (b) Any partial prepayment of the Loans under this Section 4.04 shall be in an amount that is not less than twenty million Dollars ($20,000,000). (c) All prepayments under this Section 4.04 shall be made by the Borrower to the Senior Facility Agent for the account of the Senior Lenders and shall be applied by the Senior Facility Agent in accordance with Section 4.04(d). Each notice of optional prepayment shall indicate whether the Loan being prepaid (i) was used for Gas Working Capital Purposes, General Working Capital Purposes or DSR Purposes and (ii) was a Working Capital Loan, Swing Line Loan or an LC Loan. Each notice of optional prepayment will be irrevocable, except that such notice given by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities and/or the issuance of other debt, in which case such notice may be revoked by the Borrower (by notice to the Senior Facility Agent on or prior to the specified effective date) if such condition is not satisfied. The Borrower shall pay any Break Costs incurred by any Senior Secured Party as a result of such notice and revocation. (d) With respect to each prepayment to be made pursuant to this Section 4.04, on the date specified in the notice of prepayment delivered pursuant to Section 4.04(a), the Borrower shall pay to the Senior Facility Agent the sum of the following amounts: (i) the principal of, and accrued but unpaid interest on, the Loans to be prepaid; (ii) any additional amounts required to be paid under Section 5.05 (Funding Losses); and (iii) any other Obligations due to the respective Senior Lenders in connection with any prepayment under the Financing Documents.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment (a) Subject to payment of any applicable premium as set forth in paragraph (b) below, the Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000. (b) Each prepayment of Loans made pursuant to Section 2.11(a) shall be made together with a prepayment premium in an amount equal to (i) if such prepayment is made prior to the first anniversary of the Closing Date, 2.00%, and (ii) if such prepayment is made on or after the first anniversary of the Closing Date but prior to the second anniversary of the Closing Date, 1.00%, in each case of the aggregate principal amount of Loans being prepaid. (c) Each notice of prepayment shall specify the prepayment date, the principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable (unless such notice is expressly conditioned upon a refinancing of the Credit Facility, in which case such notice may be rescinded if such refinancing shall not be consummated or shall otherwise be delayed) and shall commit the Borrower to prepay such Borrowing by the amount stated therein on the date stated therein. All prepayments under this Section 2.11 shall be subject to paragraph (b) above (if applicable) and to Section 2.15 but otherwise without premium or penalty. All prepayments under this Section 2.11 shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).