Optional Prepayments and Reductions of Commitments. The Borrowers may, subject to the provisions of this Agreement, prepay Accommodations Outstanding under the Revolving Credit Facility, and reduce the Commitments (upon three Business Days’ prior notice), at any time without premium or penalty.
Optional Prepayments and Reductions of Commitments. The Borrower may, subject to the provisions of this Agreement, prepay Accommodations Outstanding under the Term Loan Facility at any time without premium or penalty (other than breakage costs, if any, payable pursuant to Section 8.01(3)); provided that prior to the date that is 6 months after the Closing Date, if the Borrower (x) prepays, repays, refinances, substitutes or replaces any Term Loans in connection with a Repricing Transaction (including, for the avoidance of doubt, any prepayment made pursuant to Section 2.05(2) that constitutes a Repricing Transaction), or (y) effects any amendment, modification or waiver of, or consent under, this Agreement resulting in a Repricing Transaction, such Borrower shall pay to the Administrative Agent, for the ratable account of each of the applicable Lenders, (I) in the case of clause (x), a premium of 1.00% of the aggregate principal amount of the Term Loans so prepaid, repaid, refinanced, substituted or replaced (plus all accrued and unpaid interest and breakage costs, if any, payable pursuant to Section 8.01(2)) and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the Term Loans that are the subject of such Repricing Transaction outstanding immediately prior to such amendment, modification, waiver or consent. In such case, the Borrower shall pay to the applicable Lenders in accordance with such notice the amount of such prepayment or the amount by which the Accommodations Outstanding under the Credit Facility exceed the proposed reduced Commitment, as the case may be, together with, in respect of LIBOR Advances, breakage costs related to prepayments not made on the last day of the relevant interest period. Each partial prepayment or reduction shall be in a minimum aggregate principal amount of U.S. $5,000,000 and in an integral multiple of U.S. $1,000,000.
Optional Prepayments and Reductions of Commitments. (1) The Borrowers may, subject to the provisions of this Agreement, (i) repay without penalty or bonus any Accommodations Outstanding under the Credit Facility; or (ii) reduce the unutilized portion of the Lenders’ Commitments under the Credit Facility, in each case, in whole or, subject to the following sentence, in part, upon the number of days’ notice to the Administrative Agent specified in Schedule 6 by a notice stating the proposed date and aggregate principal amount of the prepayment or reduction. In such case, the Borrowers shall pay to the applicable Lenders in accordance with such notice, the amount of such repayment or the amount by which the Accommodations Outstanding under the Credit Facility exceed the proposed reduced Commitment, as the case may be. Each partial repayment or reduction shall be in a minimum aggregate principal amount of U.S. $1,000,000 or Cdn. $1,000,000 and in an integral multiple of U.S. $100,000 or Cdn. $100,000. The amount of any Commitment reduction made by the Borrowers pursuant to clause (ii) above shall be permanent and irrevocable and shall permanently reduce the amount of the Credit Facility by such amount and each Lender’s Commitment under the Credit Facility shall be rateably reduced.
Optional Prepayments and Reductions of Commitments. (1) Subject to the next following sentence and to the provisions of this Agreement, if a Borrower has, upon the number of Business Days' notice to the Administrative Agent specified in Schedule 5, delivered a notice to the Administrative Agent stating the proposed date and aggregate principal amount of any prepayment of Accommodations Outstanding or reduction of the Lenders' Commitment, it shall, on that date, pay to the Lenders the amount of the prepayment and the amount, if any, by which the Accommodations Outstanding under the Credit Facility exceed the proposed reduced Commitment. The Borrowers shall not be permitted to prepay all Accommodations outstanding under the Credit Facility so long as there is any amount owing under the Bracknell Limited Partnership Facility. No prepayment of an Operating Facility shall reduce the Operating Commitment related thereto unless the relevant Borrower has also requested a reduction of such Operating Commitment. Each partial prepayment and reduction shall be in an aggregate minimum principal amount of U.S. $1,000,000 and U.S. $500,000 integral multiples thereof and the Lenders' Commitment, to the extent so requested, shall be so reduced on such date. The Borrower shall prepay (i) a Libor Rate Advance only on the last day of the Libor Interest Period applicable to it, and (ii) the amount of any Drawing only on the maturity date for the relevant BA Instrument.
Optional Prepayments and Reductions of Commitments. (1) (1) Subject to the provisions of this Agreement, if the Borrower has, upon the number of Business Days' notice to the Administrative Agent specified in Schedule 5, delivered a notice to the Administrative Agent stating the proposed date and aggregate principal amount of any prepayment of Accommodations Outstanding or reduction of the Lenders' Commitment, it shall, on that date, pay to the Lenders the amount of the prepayment and the amount, if any, by which the Accommodations Outstanding under the Credit Facility exceed the proposed reduced Commitment. Each partial prepayment and reduction shall be in an aggregate minimum principal amount of U.S. $1,000,000 and U.S. $500,000 integral multiples thereof and the Lenders' Commitment, to the extent so requested, shall be so reduced on such date . The Borrower shall prepay a Libor Rate Advance only on the last day of the Libor Interest Period applicable to it.
Optional Prepayments and Reductions of Commitments. (1) The Borrower may, subject to the provisions of this Agreement, (i) prepay without penalty or bonus Accommodations Outstanding under any Credit Facility; or (ii) reduce the Lenders’ Facility A Commitment, and, if required as a result of such reduction, the Accommodations Outstanding under Facility A, in each case in whole or in part, subject to providing seven (7) Business Days’ notice to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment or reduction. Each partial prepayment or reduction shall be in a minimum aggregate principal amount of US$5,000,000 in respect of Term Facility B and $1,000,000 in respect of Facility A or Term Facility C and in an integral multiple of $1,000,000 or US$1,000,000, as the case may be.”
Optional Prepayments and Reductions of Commitments. (1) The Borrower may, subject to the provisions of this Agreement, (i) prepay without penalty or bonus Accommodations Outstanding under any Credit Facility; or (ii) reduce the Revolving Commitment and/or Facility B Commitment, and, if required as a result of such reduction, the Accommodations Outstanding under the Revolving Facility and/or Facility B, in each case in whole or in part, subject to providing five (5) Business Days’ notice to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment or reduction. Each partial prepayment or reduction shall be in a minimum aggregate principal amount of US$3,000,000 in respect of Facility B and C$1,000,000 in respect of the Revolving Facility and in an integral multiple of C$1,000,000 or US$1,000,000, as the case may be. Any reduction in respect of Facility B shall be made on a pro rata basis between Facility B-1 and Facility B-2.
Optional Prepayments and Reductions of Commitments. The Borrowers may, subject to the provisions of this Agreement, (i) prepay without penalty or bonus Accommodations Outstanding under the Credit Facilities; or (ii) reduce the unutilized portion of the Lenders’ Commitments under either Revolving Credit Facility, in each case, in whole or, subject to the next following sentence, in part, upon the number of Business Days notice to the Administrative Agent specified in Schedule 5 by a notice stating the proposed date and aggregate principal amount of the prepayment or reduction. In such case, the applicable Borrower shall pay to the applicable Lenders in accordance with such notice the amount of such prepayment or the amount by which the Accommodations Outstanding under the Credit Facility exceed the proposed reduced Commitment, as the case may be, together with, in respect of LIBOR Advances, breakage costs related to prepayments not made on the last day of the relevant interest period. Each partial prepayment or reduction shall be in a minimum aggregate principal amount of U.S. $5,000,000 and in an integral multiple of U.S. $1,000,000.
Optional Prepayments and Reductions of Commitments. (1) The Borrower may, subject to the provisions of this Agreement, (i) prepay without penalty or bonus Accommodations Outstanding under any Credit Facility; or (ii) reduce the Lenders' Facility A Commitment, and, if required as a result of such reduction, the Accommodations Outstanding under Facility A, in each case in whole or in part, subject to providing seven (7) Business Days' notice to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment or reduction. Each partial prepayment or reduction shall be in a minimum aggregate principal amount of US$5,000,000 in respect of Term Facility B and $1,000,000 in respect of Facility A and in an integral multiple of $1,000,000 or US$1,000,000, as the case may be.
Optional Prepayments and Reductions of Commitments. If the Borrower has, upon the number of Business Days' notice to the Lender specified in Schedule 4.1(2) delivered a notice to the Lender stating the proposed date and aggregate principal amount of any prepayment of Accommodations Outstanding or reduction of the Operating Commitment, it shall, on that date, pay to the Lender the amount, if any, by which the Accommodations Outstanding under the Operating Facility exceed the proposed reduced Operating Commitment. Each partial prepayment or reduction shall be in an aggregate principal amount of U.S. $50,000 or an integral multiple of such amount in the case of Accommodations denominated in U.S. Dollars, and in an aggregate principal amount of the equivalent or in an integral multiple of such amount in the case of Accommodations denominated in Canadian Dollars. The Borrower shall prepay (i) a Eurodollar Rate Advance only on the last day of the Eurodollar Interest Period applicable to it, and (ii) the amount of any Drawing only on the maturity date for the relevant BA Instrument.
