Common use of Optional Prepayments of Loans Clause in Contracts

Optional Prepayments of Loans. The Borrower shall have the right to prepay RFR Loans without premium or penalty at any time and from time to time, in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full); provided, however, that the Borrower shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to the date of such prepayment. The Borrower shall have the right to prepay any Term Benchmark Loans at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 and in an integral multiple of the Borrowing Multiple or such smaller amount as needed to prepay a particular Borrowing in full), subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11; provided, however, that the Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepayment; provided that upon any such rescission the Borrower shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order specified by the Borrower.

Optional Prepayments of Loans. The Each Borrower shall have the right to prepay RFR any Base Rate Revolving Loans or Swingline Loans, without premium or penalty penalty, at any time and from time to time, time in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full1,000,000); provided, however, that the such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to 12:00 P.M. on the date of such prepayment. The Each Borrower shall have the right to prepay any Term Benchmark Loans Eurodollar Revolving Loans, without premium or penalty, at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 5,000,000 and in an integral multiple of the Borrowing Multiple $100,000 in excess thereof or such smaller amount as needed to prepay a any particular Borrowing in full), ) subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11, with respect to any such prepayment on a day other than the last day of the applicable Interest Period of the applicable Loan; provided, however, that the such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) P.M. at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be reasonably agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactionsofferings, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepaymentprepayment date; provided provided, that upon any such rescission rescission, the applicable Borrower shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark Eurodollar Revolving Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order specified by the applicable Borrower.

Optional Prepayments of Loans. The Each Borrower shall have the right to prepay RFR Base Rate Loans or Swingline Loans without premium or penalty at any time and from time to time, in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full1,000,000); provided, however, that the Company on behalf of such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to 12:00 p.m. on the date of such prepayment. The Each Borrower shall have the right to prepay any Term Benchmark Eurodollar Loans at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 5,000,000 and in an integral multiple of the Borrowing Multiple or such smaller amount as needed to prepay a particular Borrowing in full), subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11; provided, however, that the Company on behalf of such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepaymentprepayment and; provided provided, that upon any such rescission the applicable Borrower shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark Eurodollar Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order specified by the BorrowerCompany.

Optional Prepayments of Loans. The Borrower shall have the right to prepay RFR any Base Rate Term Loans without premium or penalty penalty, at any time and from time to time, time in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full1,000,000); provided, however, that the Borrower shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to 12:00 P.M. on the date of such prepayment. The Borrower shall have the right to prepay any Eurodollar Term Benchmark Loans Loans, without premium or penalty, at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 5,000,000 and in an integral multiple of the Borrowing Multiple $100,000 in excess thereof or such smaller amount as needed to prepay a any particular Borrowing in full), ) subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11, with respect to any such prepayment on a day other than the last day of the applicable Interest Period of the applicable Term Loan; provided, however, that the Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) P.M. at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be reasonably agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactionsofferings, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepaymentprepayment date; provided provided, that upon any such rescission rescission, the Borrower shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Notwithstanding the foregoing, if, prior to the twelve-month anniversary of the Funding Date, the Borrower (i) prepays, refinances, substitutes or replaces all or any portion of the Term Loans with the incurrence by the Parent, the Borrower or any Restricted Subsidiary of any debt financing having an applicable All-in Yield that is less than the effective All-in Yield of the Loans being repaid, refinanced, substituted or replaced or (ii) effects any amendment of this Agreement resulting in the Loans having an applicable All-in Yield that is less than the effective All-in Yield of the Loans immediately prior to such amendment, then each Lender shall be paid (1) in the case of clause (i), a prepayment premium equal to 1.0% of the aggregate principal amount of such Loans so repaid, refinanced, substituted or replaced and (2) in the case of clause (ii), a fee equal to 1.0% of the aggregate principal amount of the applicable Loans outstanding immediately prior to such amendment. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark Eurodollar Revolving Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order specified by the Borrower.

Optional Prepayments of Loans. The Borrower shall have the right to prepay RFR any Base Rate Loans without premium or penalty penalty, at any time and from time to time, time in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full1,000,000); provided, however, that the Borrower shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to 12:00 P.M. one day before the date of such prepaymentproposed prepayment date. The Borrower shall have the right to prepay any Term Benchmark Loans Eurodollar Loans, without premium or penalty, at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 5,000,000 and in an integral multiple of the Borrowing Multiple $100,000 in excess thereof or such smaller amount as needed to prepay a any particular Borrowing in full), ) subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11, with respect to any such prepayment on a day other than the last day of the applicable Interest Period of the applicable Loan; provided, however, that the Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) P.M. at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactionsofferings, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepaymentprepayment date; provided that upon any such rescission rescission, the Borrower shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark Eurodollar Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order manner specified by the Borrower.

Optional Prepayments of Loans. The Each Borrower shall have the right to prepay RFR Base Rate Loans without premium or penalty at any time and from time to time, in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full1,000,000); provided, however, that the Company on behalf of such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to 12:00 p.m. on the date of such prepayment. The Each Borrower shall have the right to prepay any Term Benchmark Eurodollar Loans at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 5,000,000 and in an integral multiple of the Borrowing Multiple or such smaller amount as needed to prepay a particular Borrowing in full), subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11; provided, however, that the Company on behalf of such Borrower shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepaymentprepayment and; provided provided, that upon any such rescission the applicable Borrower shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark Eurodollar Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order specified by the BorrowerCompany.

Optional Prepayments of Loans. The Borrower Company shall have the right to prepay RFR Base Rate Loans without premium or penalty at any time and from time to time, in whole or in part (but, if in part, then in an amount which is equal to or greater than $1,000,000 or such smaller amount as needed to prepay a particular Borrowing in full); provided, however, that the Borrower Company shall have given notice of such prepayment to the Administrative Agent no later than 10:00 a.m. (London time) three (3) Business Days prior to 12:00 p.m. on the date of such prepayment. The Borrower Company shall have the right to prepay any Term Benchmark SOFR Loans at any time and from time to time without premium or penalty, in whole or in part (but, if in part, then in an amount which is equal to or greater than $2,500,000 5,000,000 and in an integral multiple of the Borrowing Multiple or such smaller amount as needed to prepay a particular Borrowing in full), subject to any breakage fees and funding losses that are required to be paid pursuant to Section 2.11; provided, however, that the Borrower Company shall have given notice of such prepayment to the Administrative Agent no later than 12:00 p.m. (London time) at least three (3) Business Days before the proposed prepayment date (or such shorter period as may be agreed by the Administrative Agent in its sole discretion). A notice delivered under this Section 2.9 may be conditioned upon the effectiveness of other credit facilities or the closing of one or more securities offerings or other transactions, in which case such notice shall be deemed rescinded if such condition shall fail to be satisfied by the proposed effective date of such prepaymentprepayment and; provided provided, that upon any such rescission the Borrower Company shall be liable for any breakage fees and funding losses that are required to be paid pursuant to Section 2.11. Any such prepayments shall be made by the payment of the principal amount to be prepaid and, with respect to any Term Benchmark SOFR Loans, accrued and unpaid interest thereon to the date of such prepayment. Optional prepayments shall be applied to the Loans then outstanding in the order specified by the BorrowerCompany.