Optional Prepayments Generally. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 10:00 A.M., Pacific time, three Business Days prior thereto, in the case of SOFR Loans, and no later than 10:00 A.M., Pacific time, one Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.19; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing or in connection with the consummation of a specified transaction, such notice of prepayment may be revoked if the financing or specified transaction is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall be in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. Prepayments of the Term Loans made pursuant to this Section 2.10(a) shall be applied to the prepayment of installments due in respect of the Term Loans in reverse order of maturity and in accordance with Section 2.3 and 2.16(b).
Optional Prepayments Generally. The Borrower may at any time upon at least two (2) Business Days’ (or such shorter period as is acceptable to Agent) prior written notice by the Borrower to Agent, prepay the Loans in whole or in part in an amount greater than or equal to $100,000 (other than Revolving Loans and Swing Loans for which prior written notice is not required and for which no minimum shall apply), in each instance, without penalty or premium except as provided in Section 11.4. Optional partial prepayments of Revolving Loans shall be applied in accordance with Section 2.10(a). Optional partial prepayments of Term Loans shall be applied pro rata among each Class of Term Loans based upon the respective outstanding principal balances thereof, and then shall, subject to Section 2.10(a), be applied to scheduled installments thereof, if any, as specified by the Borrower in such notice of prepayment; provided that the same order of application shall apply to each Class of Term Loan and, in the absence of such direction, in the manner set forth in Section 2.8(e).
Optional Prepayments Generally. The Borrower may at any time upon prior written notice by the Borrower to Agent prepay the Loans in whole or in part without penalty or premium except as provided in Section 1.7(e) and Section 10.4; provided that (i) such notice shall be in a form reasonably acceptable to Agent and received by Agent by 11:00 a.m. (A) three (3) Business Day prior to any date of prepayment of LIBOR Rate Loans and (B) on the date of prepayment of Base Rate Loans and (ii) any partial prepayment shall in an amount greater than or equal to $1,000,000 or any multiple of $250,000 in excess thereof. Optional partial prepayments of Term Loans shall be applied to scheduled installments thereof, if any, as specified by the Borrower in such Notice of Prepayment and, in the absence of such direction, in the manner set forth in Section 1.8(f). The foregoing provisions shall not apply with respect to any Discounted Buyback or open market purchase, in each case, governed by Section 1.7(d).
Optional Prepayments Generally. Subject to the terms of the Intercreditor Agreement, the Issuer may at any time upon (i) at least two (2) Business Days’ prior written notice by the Issuer to Agent and the Purchasers with respect to LIBOR Rate Loans (or such shorter period as is acceptable to the Required Purchasers) or (ii) written notice by the Issuer to Agent and the Purchasers on the day of prepayment with respect to Base Rate Loans, prepay the Term Loans in whole or in part in an amount greater than or equal to $100,000, without penalty or premium except for payment of the Prepayment Premium, if applicable, and as provided in Section 10.4. Each notice of prepayment shall set forth the date of prepayment and each Purchaser’s Applicable Percentage of the applicable prepayment. As used herein, “Prepayment Premium” means an amount equal to the aggregate accreted principal amount (including capitalized interest) of the Initial Term Loans being prepaid multiplied by (1) in the case of any prepayment occurring prior to the first anniversary of the Original Closing Date, three percent (3.0%), (2) in the case of any prepayment occurring on or after the first anniversary of the Original Closing Date but prior to the second anniversary of the Original Closing Date, two percent (2.0%), (3) in the case of any prepayment occurring on or after the second anniversary of the Original Closing Date but prior to the third anniversary of the Original Closing Date, one percent (1.0%), and (4) in the case of any prepayment occurring on or after the third anniversary of the Original Closing Date, zero percent (0%).
Optional Prepayments Generally. The Borrower may at any time upon at least two (2) Business Days’ (or such shorter period as is acceptable to Agent) prior written notice by the Borrower to Agent, prepay the Loans in whole or in part in an amount greater than or equal to $100,000, in each instance, without penalty or premium except as provided in Section 11.4. Optional partial prepayments of Term Loans shall, subject to Section 2.10(a), be applied to scheduled installments thereof, if any, as specified by the Borrower in such notice of prepayment; provided that the same order of application shall apply to each Class of Term Loan and, in the absence of such direction, in the manner set forth in Section 2.8(f). The foregoing provisions shall not apply with respect to any Discounted Buyback governed by Section 2.7(d).
Optional Prepayments Generally. Borrower may at any time upon written notice by Borrower to the Agent, not later than 12:00 p.m. (New York City time) three Business Days prior to the day of prepayment (which notice shall specify the amount and date of the prepayment), prepay the Advances in whole or in part in an amount greater than or equal to $1,000,000 (or the full remaining amount), in each instance, without penalty or premium (subject to the fees payable pursuant to Schedule 2.12). Any partial prepayments of Advances shall be applied as directed by Borrower.
Optional Prepayments Generally. The Borrower may at any time upon (i) at least two (2) Business Days’ with respect to any LIBOR Rate Loans (or such shorter period as is acceptable to Agent) prior written notice by the Borrower to Agent or (ii) written notice by the Borrower to the Agent on the day of prepayment with respect to any Base Rate Loan, prepay the Loans in whole or in part in an amount greater than or equal to $100,000 (other than Revolving Loans and Swing Loans for which prior written notice is not required and for which no minimum shall apply), in each instance, without penalty or premium except as provided in Section 10.4; provided, however, that the Borrower shall not be permitted to make any prepayment of Term Loans pursuant to this Section 1.7(a) at a time when the principal amount of outstanding LIFO Revolving Loans is greater than $0 immediately after giving effect to any such prepayments of Term Loans. Optional partial prepayments of Term Loans shall be applied pro rata among each tranche of Term Loans based upon the respective outstanding principal balances thereof, and then shall, subject to Section 1.10(a), be applied as directed by the Borrower; provided that the same order of application shall apply to each tranche of Term Loans and, in the absence of such direction, in direct order of maturity to the Term Loans as a whole. Optional partial prepayments of Term Loans in amounts less than $100,000 shall not be permitted. The foregoing provisions shall not apply with respect to any Discounted Buyback governed by Section 1.7(d). All prepayments of Revolving Loans shall be applied first to repayment of LIFO Revolving Loans until all LIFO Revolving Loans have been repaid in full and then to repayment of Original Revolving Loans.
Optional Prepayments Generally. The Borrower may at any time upon at least two (2) Business Days’ (or such shorter period as is acceptable to Agent) prior written notice by the Borrower to Agent, prepay the Loans in whole or in part in an amount greater than or equal to $100,000 (other than Revolving Loans for which prior written notice is not required and for which no minimum shall apply), in each instance, subject to the Prepayment Premium if applicable and any other reimbursements as provided in Section 10.4. Optional partial prepayments of Term Loans shall be applied as specified by the Borrower in such notice of prepayment and, in the absence of such direction, in the manner set forth in subsection 1.9(g). Optional partial prepayments of Term Loans in amounts less than $100,000 shall not be permitted. The foregoing provisions of this subsection 1.8(a) shall not apply with respect to any Discounted Prepayment governed by subsection 1.8(d).
Optional Prepayments Generally. Borrower may at any time upon written notice by Borrower to the Agent, not later than 12:00 p.m. (New York City time) two (2) Business Days prior to the day of prepayment (which notice shall specify the amount and date of the prepayment), prepay the Term Loan in whole or in part in an amount greater than or equal to $500,000 (or the full remaining amount) provided that (i) any voluntary prepayment made from the Closing Date through the first anniversary of the Closing Date, shall be accompanied by a prepayment premium equal to one percent (1%) of such prepayment made and (ii) any voluntary prepayment made after the first anniversary of the Closing Date, shall be payable without penalty or premium. Any prepayment of the Term Loan shall be applied as provided in Section 2.4(d). All voluntary prepayments of principal shall be accompanied by the corresponding amount of interest accrued on such principal.
Optional Prepayments Generally. Subject to the terms of the ABL Intercreditor Agreement, the Borrowers may at any time and from time to time upon (x) in the case of Base Rate Loans, at least one Business Day’s prior written notice (or such shorter period as is reasonably acceptable to the Agent) and (y) in the case of LIBOR Rate Loans, at least two Business Days’ prior written notice (or such shorter period as is reasonably acceptable to the Agent) to the Agent (which notice shall be irrevocable or conditioned pursuant to clause (c) below), prepay the Loans in whole or in part in an amount greater than or equal to $100,000 or if less, in an amount equal to the outstanding principal amount thereof, in each instance, without penalty or premium except as provided in Section 1.9(b) and Section 10.4. Optional partial prepayments of the Initial Loan and any Incremental Loans shall be applied as specified by the Borrowers in such notice of prepayment and, in the absence of such direction in direct order of maturity.
