Common use of Optional Prepayment of Tranche B Term Loan Clause in Contracts

Optional Prepayment of Tranche B Term Loan. The Borrower shall have the right at any time to prepay the Tranche B Term Notes on or before the Tranche B Maturity Date, in whole, or in part, upon three (3) business days’ prior written notice to the Administrative Agent given on or before 11:00 a.m. (Dallas, Texas time) prior to the date of such prepayment, without premium or penalty, provided that (a) each partial prepayment shall be in the principal amount of $2,000,000 or an integral multiple thereof, (b) no portion of the Tranche B Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this §3.4 except on the last day of the Interest Period relating thereto unless breakage costs incurred by the Tranche B Lenders in connection therewith are paid by the Borrower in accordance with §6.10, and (c) each partial prepayment shall be allocated among the Tranche B Lenders, in proportion, as nearly as practicable, to the respective outstanding amount of each Tranche B Lender’s Tranche B Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Tranche B Term Loan shall include all interest accrued to the date of prepayment and, as applicable, any breakage costs incurred by the Tranche B Lenders in connection therewith in accordance with §6.10 and shall be applied to reduce remaining scheduled installments of principal due on the Tranche B Term Loan ratably. No amount prepaid with respect to the Tranche B Term Loan may be reborrowed.

Optional Prepayment of Tranche B Term Loan. The Borrower shall have the right at any time to prepay the Tranche B Term Notes on or before the Tranche B Maturity Date, in as a whole, or in part, upon three (3) business days’ prior written notice to the Administrative Agent given on or before 11:00 a.m. (Dallas, Texas time) on the third (3rd) Business Days prior to the date of such prepayment, without premium or penalty, provided that (a) each partial prepayment shall be in the principal amount of $2,000,000 2,500,000 or an integral multiple thereof, (b) no portion of the Tranche B Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this §3.4 except on the last day of the Interest Period relating thereto unless breakage costs incurred by the Tranche B Lenders in connection therewith are paid by the Borrower in accordance with §6.10, and (c) each partial prepayment shall be allocated among the Tranche B Lenders, in proportion, as nearly as practicable, to the respective outstanding amount of each Tranche B Lender’s Tranche B Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Tranche B Term Loan shall include all interest accrued to the date of prepayment and, as applicable, any breakage costs incurred by the Tranche B Lenders in connection therewith in accordance with §6.10 and shall be applied to reduce remaining scheduled installments of principal due on the Tranche B Term Loan ratably. No amount prepaid repaid with respect to the Tranche B Term Loan may be reborrowed.

Optional Prepayment of Tranche B Term Loan. The Borrower shall have the right at any time to prepay the Tranche B Term Notes on or before the Tranche B Maturity Date, in whole, or in part, upon three (3) business days’ prior written notice to the Administrative Agent given on or before 11:00 a.m. (Dallas, Texas time) prior to the date of such prepayment, without premium or penalty, provided that (a) each partial prepayment shall be in the principal amount of $2,000,000 or an integral multiple thereof, (b) no portion of the Original Tranche B Term Loan bearing interest at the Eurodollar Rate may be prepaid pursuant to this §3.4 except on the last day of the Interest Period relating thereto unless breakage costs incurred by the Original Tranche B Lenders in connection therewith are paid by the Borrower in accordance with §6.10, and (c) each partial prepayment shall be allocated among the Tranche B Lenders, in proportion, as nearly as practicable, to the respective outstanding amount of each Tranche B Lender’s Tranche B Term Note, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion. Any prepayment of principal of the Tranche B Term Loan shall include all interest accrued to the date of prepayment and, as applicable, any breakage costs incurred by the Original Tranche B Lenders in connection therewith in accordance with §6.10 and shall be applied to reduce remaining scheduled installments of principal due on the Tranche B Term Loan ratably. No amount prepaid with respect to the Tranche B Term Loan may be reborrowed.