Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. The Borrower may, upon at least two Business Days’ notice (in the case of Eurodollar Rate Advances) or upon notice (in the case of Base Rate Advances) given on the date of such prepayment, in each case received not later than 12:00 P.M. (New York City time) on such date to the Agent stating the proposed date and aggregate principal amount of the prepayment, which notice shall be irrevocable, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders, in whole or in part, the outstanding principal amount of the Advances comprising part of the same Borrowing(s), together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, that a notice of prepayment of all outstanding Advances may state that such notice is conditioned upon the effectiveness of other credit facilities, 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; provided further, however, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 2.11.

Optional Prepayments of Advances. The Borrower maymay at any time or from time to time voluntarily prepay Advances under the Facility in whole or in part without premium or penalty, upon notice to the Agent (i) at least two three Business Days’ notice (prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and (ii) or upon notice not later than 11:00 A.M. (in the case of Base Rate AdvancesNew York City time) given on the date of such prepayment, in each the case received not later than 12:00 P.M. (New York City time) on such date to the Agent of Base Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, which notice shall be irrevocable, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders, in whole or in part, the outstanding principal amount of the Advances comprising part of the same Borrowing(s), together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, that a notice of prepayment of all outstanding Advances may state that such notice is conditioned upon the effectiveness of other credit facilities, 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; provided further, however, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and thereof, (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 2.118.04(c) and (z) any such notice delivered by the Borrower may be conditioned upon the effectiveness of other transactions, in which case, such notice may be revoked or its effectiveness deferred by the Borrower (by notice to the Agent at least one Business Day prior to the specified prepayment date) if such condition is not satisfied. On the prepayment date, the Borrower shall prepay the principal amount specified in the prepayment notice, together with accrued interest to the date of such prepayment on the principal amount prepaid.

Optional Prepayments of Advances. The Borrower maymay at any time or from time to time voluntarily prepay Advances under either or both Facilities in whole or in part without premium or penalty, upon notice to the Agent (i) at least two Business Days’ notice (prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and (ii) or upon notice not later than 11:00 A.M. (in the case of Base Rate AdvancesNew York City time) given on the date of such prepayment, in each the case received not later than 12:00 P.M. (New York City time) on such date to of Base Rate Advances, stating the Agent stating relevant Facility, the proposed date and aggregate principal amount of the prepayment, which notice shall be irrevocable, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders, in whole or in part, the outstanding principal amount of the Advances comprising part of the same Borrowing(s), together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, that a notice of prepayment of all outstanding Advances may state that such notice is conditioned upon the effectiveness of other credit facilities, 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; provided further, however, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Appropriate Lenders in respect thereof pursuant to Section 2.118.04(c). On the prepayment date, the Borrower shall prepay the principal amount specified in the prepayment notice, together with accrued interest to the date of such prepayment on the principal amount prepaid. Each prepayment of any Tranche B Advances shall be applied to the installments thereof as specified by the Borrower in its prepayment notice (or, if not so specified, shall be applied pro rata to all remaining installments thereof).

Optional Prepayments of Advances. The Borrower maymay at any time or from time to time voluntarily prepay Advances under the Facility in whole or in part without premium or penalty, upon notice to the Agent (i) at least two Business Days’ notice (prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and (ii) or upon notice not later than 11:00 A.M. (in the case of Base Rate AdvancesNew York City time) given on the date of such prepayment, in each the case received not later than 12:00 P.M. (New York City time) on such date to of Base Rate Advances, stating the Agent stating relevant Facility, the proposed date and aggregate principal amount of the prepayment, which notice shall be irrevocable, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders, in whole or in part, the outstanding principal amount of the Advances comprising part of the same Borrowing(s), together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, that a notice of prepayment of all outstanding Advances may state that such notice is conditioned upon the effectiveness of other credit facilities, 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; provided further, however, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 2.118.04(c). On the prepayment date, the Borrower shall prepay the principal amount specified in the prepayment notice, together with accrued interest to the date of such prepayment on the principal amount prepaid. Each prepayment of any Advances shall be applied to the installments thereof as specified by the Borrower in its prepayment notice (or, if not so specified, shall be applied pro rata to all remaining installments thereof).

Optional Prepayments of Advances. The Borrower maymay at any time or from time to time voluntarily prepay Advances under the Facility in whole or in part without premium or penalty, upon notice to the Agent (i) at least two Business Days’ notice (prior to the date of such prepayment, in the case of Eurodollar Rate Term SOFR Advances, and (ii) or upon notice not later than 11:00 A.M. (in the case of Base Rate AdvancesNew York City time) given on the date of such prepayment, in each the case received not later than 12:00 P.M. (New York City time) on such date to the Agent of Base Rate Advances, stating the proposed date and aggregate principal amount of the prepayment, which notice shall be irrevocable, and if such notice is given the Borrower shall, prepay for the ratable account of the Lenders, in whole or in part, the outstanding principal amount of the Advances comprising part of the same Borrowing(s), together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, that a notice of prepayment of all outstanding Advances may state that such notice is conditioned upon the effectiveness of other credit facilities, 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; provided further, however, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof and thereof, (y) in the event of any such prepayment of a Eurodollar Rate Term SOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 2.118.04(c) and (z) any such notice delivered by the Borrower may be conditioned upon the effectiveness of other transactions, in which case, such notice may be revoked or its effectiveness deferred by the Borrower (by notice to the Agent at least one Business Day prior to the specified prepayment date) if such condition is not satisfied. On the prepayment date, the Borrower shall prepay the principal amount specified in the prepayment notice, together with accrued interest to the date of such prepayment on the principal amount prepaid.