Common use of Optional Prepayments of Term Loans Clause in Contracts

Optional Prepayments of Term Loans. The Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 Noon one Business Day prior thereto, in the case of Eurodollar Loans, and no later than 12:00 Noon one Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of prepayment, whether the prepayment is of Eurodollar Loans or ABR Loans or a combination thereof, and if a combination thereof, the amount allocable to each and whether the prepayment is of the Initial Term Loan, an Incremental Term Loan or a combination thereof, and if a combination thereof, the amount allocable to each. Each partial prepayment of the Term Loans hereunder shall be in an aggregate principal amount of at least $3,000,000 or a whole multiple of $500,000 in excess thereof and shall be applied, on a pro rata basis, to the outstanding principal installments of the Initial Term Loan and, if applicable, any Incremental Term Loans as directed by the Borrower. Each prepayment shall be accompanied by any amount required to be paid pursuant to Section 2.16. A notice of prepayment received after 12:00 Noon shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Term Loan Lenders of each notice of prepayment.

Optional Prepayments of Term Loans. The Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loans, in whole or in part, upon irrevocable notice delivered delivery to the Administrative Agent no of a Notice of Prepayment not later than 12:00 Noon one noon Eastern time (i) on the same Business Day prior theretoas each prepayment of a Base Rate Loan and (ii) at least three (3) Business Days before each prepayment of a LIBOR Rate Loan, in the case of Eurodollar Loans, and no later than 12:00 Noon one Business Day prior thereto, in the case of ABR Loans, which notice shall specify specifying the date and amount of prepayment, prepayment and whether the prepayment is of Eurodollar LIBOR Rate Loans or ABR Base Rate Loans or a combination thereof, and and, if a combination thereof, the amount allocable to each and whether the prepayment is of the Initial Term Loan, an Incremental Term Loan or a combination thereof, and if a combination thereof, the amount allocable to each. Each partial optional prepayment of the Term Loans Loan hereunder shall be in an aggregate principal amount of at least $3,000,000 2,500,000 or a any whole multiple of $500,000 in excess thereof and thereof. Optional prepayments of the Term Loans shall be appliedapplied as the Borrower may direct the Administrative Agent in writing, on a pro rata basis, in such proportions as the Borrower may direct to the outstanding remaining principal installments (including principal payments to be made on the maturity date thereof) of each of the Initial Term Loan and, if applicable, any Incremental Term Loans as directed by the Borrowerbeing prepaid. Each prepayment repayment shall be accompanied by any amount required to be paid pursuant to Section 2.165.9 hereof. A notice Notice of prepayment Prepayment received after 12:00 Noon noon Eastern time shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Term Loan Lenders of each notice Notice of prepaymentPrepayment.

Optional Prepayments of Term Loans. The Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loans, in whole or in part, upon irrevocable notice delivered delivery to the Administrative Agent no of a Notice of Prepayment not later than 12:00 Noon one noon Eastern time (i) on the same Business Day prior theretoas each prepayment of a Base Rate Loan and (ii) at least three (3) Business Days before each prepayment of a LIBOR Rate Loan, in the case of Eurodollar Loans, and no later than 12:00 Noon one Business Day prior thereto, in the case of ABR Loans, which notice shall specify specifying the date and amount of prepayment, prepayment and whether the prepayment is of Eurodollar LIBOR Rate Loans or ABR Base Rate Loans or a combination thereof, and and, if a combination thereof, the amount allocable to each and whether the prepayment is of the Initial Term Loan, an Incremental Term Loan or a combination thereof, and if a combination thereof, the amount allocable to each. Each partial optional prepayment of the Term Loans Loan hereunder shall be in an aggregate principal amount of at least $3,000,000 2,500,000 or a any whole multiple of $500,000 in excess thereof and (whether made before or after March 21, 2015) shall be applied, on a pro rata basisin order of maturity, to the outstanding remaining principal installments of the Initial Term Loan and, if applicable, any Incremental Term Loans as directed by outstanding at the Borrowertime of such optional prepayment. Each prepayment repayment shall be accompanied by any amount required to be paid pursuant to Section 2.165.9 hereof. A notice Notice of prepayment Prepayment received after 12:00 Noon noon Eastern time shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Term Loan Lenders of each notice Notice of prepaymentPrepayment.

Optional Prepayments of Term Loans. The Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 Noon one U.S. Government Securities Business Day prior thereto, in the case of Eurodollar EurodollarSOFR Loans, and no later than 12:00 Noon one Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of prepayment, whether the prepayment is of Eurodollar EurodollarSOFR Loans or ABR Loans or a combination thereof, and if a combination thereof, the amount allocable to each and whether the prepayment is of the Initial Term Loan, an Incremental Term Loan or a combination thereof, and if a combination thereof, the amount allocable to each. Each partial prepayment of the Term Loans hereunder shall be in an aggregate principal amount of at least $3,000,000 or a whole multiple of $500,000 in excess thereof and shall be applied, on a pro rata basis, to the outstanding principal installments of the Initial Term Loan and, if applicable, any Incremental Term Loans as directed by the Borrower. Each prepayment shall be accompanied by any amount required to be paid pursuant to Section 2.16. A notice of prepayment received after 12:00 Noon shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Term Loan Lenders of each notice of prepayment.