Common use of Optional Prepayment Procedure Clause in Contracts

Optional Prepayment Procedure. In respect of each Optional ----------------------------- Prepayment of Revolving Loans (whether bearing interest at the Base Rate or Applicable LIBOR Rate) proposed to be made by the Borrowers, the right of the Borrowers to make such Optional Prepayment is subject to the Agent's receipt from the Borrowers, no later than 10:00 A.M. (Eastern Time) on the Business Day specified therein as the date on which such Optional Prepayment is to be made (unless such Optional Prepayment shall relate to LIBOR Loans, in which case such notice shall be given no later than 10:00 A.M. (Eastern time) at least three (3) Business Days prior to the date of prepayment, of a written notice (which shall be irrevocable) specifying (i) that the Borrowers desire to prepay the Revolving - Loans, (ii) the principal amount of such Optional Prepayment, and (iii) the date -- --- (which shall be a Business Day or, if such Optional Prepayment relates to a LIBOR Loan, a LIBOR Business Day) on which such Optional Prepayment will be made. Any Optional Prepayment of Revolving Loans made by the Borrowers as permitted hereunder shall be paid to the Agent for the account of the Lenders no later than 12:00 P.M. (Eastern Time) on the applicable prepayment date (except that any prepayment of a LIBOR Loan shall be paid no later than 10:00 A.M. (Eastern Time) on the applicable prepayment date).

Optional Prepayment Procedure. In respect of each Optional ----------------------------- Prepayment of Revolving Loans (whether bearing interest at the Base Rate ABR or Applicable LIBOR Rate) proposed to be made by the BorrowersBorrower, the right of the Borrowers Borrower to make such Optional Prepayment is subject to the Agent's receipt from the BorrowersBorrower, no later than 10:00 A.M. (Eastern Time) on the Business Day specified therein as the date on which such Optional Prepayment is to be made (unless such Optional Prepayment shall relate to LIBOR Loans, in which case such notice shall be given no later than 10:00 A.M. (Eastern time) at least three (3) Business Days prior to the date of prepayment, of a written notice (which shall be irrevocable) specifying (i) that the Borrowers desire Borrower desires to prepay the Revolving - Loans, (ii) the principal amount of such Optional Prepayment, and (iii) the date -- --- (which shall be a Business Day or, if such Optional Prepayment relates to a LIBOR Loan, a LIBOR Business Day) on which such Optional Prepayment will be made. Any Optional Prepayment of Revolving Loans made by the Borrowers Borrower as permitted hereunder shall be paid to the Agent for the account of the Lenders no later than 12:00 P.M. (Eastern Time) on the applicable prepayment date (except that any prepayment of a LIBOR Loan shall be paid no later than 10:00 A.M. (Eastern Time) on the applicable prepayment date).

Optional Prepayment Procedure. In respect of each Optional ----------------------------- Prepayment of Revolving Loans (whether bearing interest at the Base Rate ABR or Applicable LIBOR Rate) proposed to be made by the BorrowersBorrower, the right of the Borrowers Borrower to make such Optional Prepayment is subject to the Agent's receipt from the BorrowersBorrower, no later than 10:00 A.M. (Eastern Time) on the Business Day specified therein as the date on which such Optional Prepayment is to be made (unless such Optional Prepayment shall relate to the prepayment of any LIBOR LoansLoan, in which case such notice shall be given no later than 10:00 A.M. (Eastern time) at least three (3) Business Days prior to the date of prepayment), of a written notice (which shall be irrevocable) specifying (i) that the Borrowers desire Borrower desires to prepay the Revolving - Loans, (ii) the principal amount of such Optional PrepaymentPrepayment and the extent which any portion thereof relates the prepayment of any LIBOR Loan, and (iii) the date -- --- (which shall be a Business Day or, if such Optional Prepayment relates to a LIBOR Loan, a LIBOR Business Day) on which such Optional Prepayment will be made. Any Optional Prepayment of Revolving Loans made by the Borrowers Borrower as permitted hereunder shall be paid to the Agent for the account of the Lenders no later than 12:00 P.M. (Eastern Time) on the applicable prepayment date (except that any prepayment of a LIBOR Loan shall be paid no later than 10:00 A.M. (Eastern Time) on the applicable prepayment date).

Optional Prepayment Procedure. In respect of each Optional ----------------------------- Prepayment of Revolving Loans (whether bearing interest at the Base Applicable ABR Rate or Applicable LIBOR Rate) proposed to be made by the BorrowersBorrower, the right of the Borrowers Borrower to make such Optional Prepayment is subject to the Agent's receipt from the BorrowersBorrower, no later than 10:00 A.M. (Eastern Time) on the Business Day specified therein as the date on which such Optional Prepayment is to be made (unless such Optional Prepayment shall relate to the prepayment of any LIBOR LoansLoan, in which case such notice shall be given no later than 10:00 A.M. (Eastern time) at least three (3) Business Days prior to the date of prepayment), of a written notice (which shall be irrevocable) specifying (i) that the Borrowers desire Borrower desires to prepay the Revolving - Loans, (ii) the principal amount of such Optional PrepaymentPrepayment and the extent which any portion thereof relates the prepayment of any LIBOR Loan, and (iii) the date -- --- (which shall be a Business Day or, if such Optional Prepayment relates to a LIBOR Loan, a LIBOR Business Day) on which such Optional Prepayment will be made. Any Optional Prepayment of Revolving Loans made by the Borrowers Borrower as permitted hereunder shall be paid to the Agent for the account of the Lenders no later than 12:00 P.M. (Eastern Time) on the applicable prepayment date (except that any prepayment of a LIBOR Loan shall be paid no later than 10:00 A.M. (Eastern Time) on the applicable prepayment date).