Common use of Optional Prepayments of Revolving Credit Loans Clause in Contracts

Optional Prepayments of Revolving Credit Loans. The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Revolving Credit Loans, as a whole or in part, at any time without penalty or premium (other than the obligation to reimburse the Banks and the Administrative Agent pursuant to §4.8 hereof). The Borrowers shall give written notice to the Administrative Agent (or telephonic notice confirmed in writing) no later than (a) 1:00 p.m. (Boston time) on the Business Day of the proposed prepayment of any Base Rate Loan, (b) 1:00 p.m. (Boston time) three (3) Eurodollar Business Days prior to the proposed prepayment of any Eurodollar Loan, in each case specifying the proposed date of prepayment of the Revolving Credit Loans and the principal amount to be paid. Each such partial repayment of the Revolving Credit Loans shall be in the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the Borrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar Loans. Each partial prepayment of Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank’s Revolving Credit Loans, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.

Optional Prepayments of Revolving Credit Loans. The Borrowers Borrower shall have the right, at their its election, to prepay the outstanding amount of the Revolving Credit Loans, as a whole or in part, at any time without penalty or premium (other than premium, PROVIDED that the obligation to reimburse full or partial prepayment of the Banks and the Administrative Agent outstanding amount of any Eurodollar Rate Loans pursuant to §4.8 hereof)this ss.3.3 may be made only on the last day of the Interest Period relating thereto. The Borrowers Borrower shall give written notice to the Administrative Agent (or telephonic notice confirmed in writing) Agent, no later than (a) 1:00 p.m. (p.m., Boston time, one (1) on the Business Day prior to the date of the any proposed prepayment written notice, of any proposed prepayment pursuant to this ss.3.3 of Base Rate LoanLoans, (b) 1:00 p.m. (Boston time) and three (3) Eurodollar Business Days prior to the notice of any proposed prepayment pursuant to this ss.3.3 of any Eurodollar LoanRate Loans, in each case case, specifying the proposed date of prepayment payment of the Revolving Credit Loans and the principal amount to be paid. Each such partial repayment prepayment of the Revolving Credit Loans shall be in the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof100,000, and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment payment and shall be applied, in the absence of instruction by the Borrowers, applied first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans, at the Borrower's option. Each partial prepayment of Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank’s Revolving Credit Loans's Note, with adjustments to the extent practicable to equalize any prior repayments prepayments not exactly in proportion.

Optional Prepayments of Revolving Credit Loans. The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Revolving Credit Loans, as a whole or in part, at any time without penalty or premium (other than the obligation to reimburse the Banks and the Administrative Agent pursuant to §4.8 ss.4.8 hereof). The Borrowers shall give written notice to the Administrative Agent (or telephonic notice confirmed in writing) no later than (a) 1:00 p.m. (Boston time) on the Business Day of the proposed prepayment of any Base Rate Loan, (b) 1:00 p.m. (Boston time) three (3) Eurodollar Business Days prior to the proposed prepayment of any Eurodollar Loan, in each case specifying the proposed date of prepayment of the Revolving Credit Loans and the principal amount to be paid. Each such partial repayment of the Revolving Credit Loans shall be in the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the Borrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar Loans. Each partial prepayment of Revolving Credit Loans shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank’s 's Revolving Credit Loans, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.