Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. Each Borrower may (a) in the case of any Term SOFR Advance, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) at least three Business Days prior to the date of the proposed prepayment, (b) if applicable pursuant to Section 2.08, in the case of any Daily Simple SOFR Advance, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) five U.S. Government Securities Business Days prior to the date of the proposed prepayment or (c) in the case of any Base Rate Advance, upon notice given to the Administrative Agent not later than 9:00 a.m. (New York City time) on the date of the proposed prepayment, in each case stating the Borrowing to be prepaid and the proposed date and aggregate principal amount of the prepayment, and if such notice is given such 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 (i) each partial prepayment shall be in an aggregate principal amount of no less than $50,000,000 or the remaining balance if less than $50,000,000 and (ii) in the event of any such prepayment of a Term SOFR Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b).

Optional Prepayments of Advances. Each The Borrower may (a) in the case of any Term SOFR Advancemay, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) at least three two Business Days Days’ prior to the date of the proposed such prepayment, (b) if applicable pursuant to Section 2.08, in the case of any Daily Simple SOFR AdvanceEurodollar Rate Advances, upon notice given to the Administrative Agent and not later than 11:00 a.m. 12:00 P.M. (New York City timenoon) five U.S. Government Securities Business Days prior to the date of the proposed prepayment or (c) in the case of any Base Rate Advance, upon notice given to the Administrative Agent not later than 9:00 a.m. (New York City time) on the date of the proposed such prepayment, in each the case of Base Rate Advances, to the Agent stating the Borrowing to be prepaid and the proposed date and aggregate principal amount of the prepayment, and if such notice is given such the Borrower shall shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing, 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 (ix) each partial prepayment of Advances shall be in an aggregate principal amount of no not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $50,000,000 or the remaining balance if less than $50,000,000 1,000,000 and (iiz) in the event of any such prepayment of a Term SOFR AdvanceEurodollar Rate Advance made prior to the last day of any Interest Period, such the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b8.04(f). Each prepayment of outstanding Term Advances shall be applied as directed by the Borrower or, in the absence of such direction, in the inverse order of maturity.

Optional Prepayments of Advances. Each Borrower may optionally prepay any Advances (a) in the case of any Term SOFR Advance, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) at least three Business Days prior to the date of the proposed prepayment, (b) if applicable pursuant to Section 2.08, in the case of any Daily Simple SOFR Advance, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) five U.S. Government Securities Business Days prior to the date of the proposed prepayment or (c) in the case of any Base Rate Advance, upon notice given to the Administrative Agent not later than 9:00 a.m. (New York City time) on the date of the proposed prepayment, in each case stating the Borrowing to be prepaid and the proposed date and aggregate principal amount of the prepayment, and if such notice is given such 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 (i) each partial prepayment shall be in an aggregate principal amount of no less than $50,000,000 or the remaining balance if less than $50,000,000 and (ii) in the event of any such prepayment of a Term SOFR Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b).

Optional Prepayments of Advances. Each The Borrower may shall notify the Agent by telephone (aconfirmed by electronic means) of such selection not later than 2:00 P.M. (New York City time), (i) in the case of any Term SOFR a Base Rate Advance, upon notice given to on the Administrative Agent not later than 11:00 a.m. (New York City time) at least three Business Days prior to the scheduled date of the proposed prepayment, such prepayment and (b) if applicable pursuant to Section 2.08, in the case of any Daily Simple SOFR Advance, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) five U.S. Government Securities Business Days prior to the date of the proposed prepayment or (cii) in the case of any Base an Adjusted Term SOFR Rate Advance, upon notice given to at least three (3) Business Days before the Administrative Agent not later than 9:00 a.m. (New York City time) on the date of the proposed prepayment, in each case stating the Borrowing to be prepaid and the proposed date and aggregate principal amount of the prepayment, and if such notice is given such 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 scheduled date of such prepayment on (or, in each case, such shorter period acceptable to the principal amount prepaidAgent); provided, however, that (ix) each partial prepayment of Advances shall be in an aggregate principal amount of no not less than $50,000,000 the Borrowing Minimum or the remaining balance if less than $50,000,000 a Borrowing Multiple in excess thereof and (iiy) in the event of any such prepayment of a an Adjusted Term SOFR AdvanceRate Advance made prior to the last day of any Interest Period, such the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b8.04(f). Each such notice shall be irrevocable; provided, that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or the occurrence of any other transactions, in which case such notice may be revoked by the Borrower (by notice to the Agent on or prior to the specified effective date) if such condition is not satisfied.