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 delivery to the Administrative Agent of a Notice of Prepayment not later than noon Eastern time (i) on the same Business Day as each prepayment of a Base Rate Loan and (ii) at least three (3) Business Days before each prepayment of a LIBOR Rate Loan, specifying the date and amount of prepayment and whether the prepayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder shall be in an aggregate principal amount of at least $2,500,000 or any whole multiple of $500,000 in excess thereof and (whether made before or after March 21, 2015) shall be applied, in order of maturity, to the remaining principal installments of the Term Loan outstanding at the time of such optional prepayment. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Prepayment received after noon Eastern time shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Prepayment.

Optional Prepayments of Term Loans. The US Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loans, Loans in whole or in part, upon delivery to the Administrative Agent of a Notice of Prepayment Repayment not later than 12:00 noon Eastern time (i) on the same Business Day as each such prepayment of a with respect to Base Rate Loan Loans and (ii) at least three (3) Business Days before each prior to such prepayment of a with respect to LIBOR Rate LoanLoans, specifying the date and amount of prepayment and repayment, whether the prepayment repayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder pursuant to this Section 3A.4 shall be in an aggregate principal amount of at least $2,500,000 5,000,000 or any whole multiple of $500,000 1,000,000 in excess thereof and (whether made before or after March 21, 2015) shall be appliedapplied to reduce, in order of maturityon a pro rata basis, to the remaining outstanding scheduled principal installments of the Term Loan Loans with respect to any such outstanding at Term Loans, pro rata on the time basis of such optional prepaymentthe original aggregate funded amount thereof, among the Initial Term Loans, and if applicable, each the Additional Term Loan. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Prepayment received after noon Eastern time shall be deemed received on the next Business Day4.9. The Administrative Agent shall promptly notify the Term Loan Lenders of each such Notice of PrepaymentRepayment.

Optional Prepayments of Term Loans. The US Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loans, Loans in whole or in part, upon delivery to the Administrative Agent of a Notice of Prepayment Repayment not later than 12:00 noon Eastern time (i) on the same Business Day as each such prepayment of a with respect to Base Rate Loan Loans and (ii) at least three (3) Business Days before each prior to such prepayment of a with respect to LIBOR Rate LoanLoans, specifying the date and amount of prepayment and repayment, whether the prepayment repayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder pursuant to this Section 4.3 shall be in an aggregate principal amount of at least $2,500,000 5,000,000 or any whole multiple of $500,000 1,000,000 in excess thereof and (whether made before or after March 21, 2015) shall be appliedapplied to reduce, in order of maturityon a pro rata basis, to the remaining outstanding scheduled principal installments of the Term Loan Loans with respect to any such outstanding at Term Loans, pro rata on the time basis of such optional prepaymentthe original aggregate funded amount thereof, among the Term Loans. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Prepayment received after noon Eastern time shall be deemed received on the next Business Day5.9. The Administrative Agent shall promptly notify the Term Loan Lenders of each such Notice of PrepaymentRepayment.

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 delivery irrevocable notice delivered to the Administrative Agent of a Notice of Prepayment not no later than noon Eastern time (i) on the same 12:00 Noon one Business Day as each prepayment prior thereto, in the case of a Base Rate Loan Eurodollar Loans, and (ii) at least three (3) no later than 12:00 Noon one Business Days before each prepayment Day prior thereto, in the case of a LIBOR Rate LoanABR Loans, specifying 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 LIBOR Rate Loans or Base Rate Loans the Initial Term Loan, an Incremental Term Loan or a combination thereof, and, and if of a combination thereof, the amount allocable to each. Each optional partial prepayment of the Term Loan Loans hereunder shall be in an aggregate principal amount of at least $2,500,000 3,000,000 or any a whole multiple of $500,000 in excess thereof and (whether made before or after March 21, 2015) shall be applied, in order of maturityon a pro rata basis, to the remaining outstanding principal installments of the Initial Term Loan outstanding at and, if applicable, any Incremental Term Loans as directed by the time of such optional prepaymentBorrower. Each repayment prepayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof2.16. A Notice notice of Prepayment prepayment received after noon Eastern time 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 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, time upon delivery to the Administrative Agent of a Notice of Prepayment not later than noon Eastern time (i) on the same Business Day as each prepayment of a Base Rate Loan and (ii) Payment at least three (3) Business Days before each prior to the repayment of any LIBOR Rate Loan and one (1) Business Day prior to the repayment of any Base Rate Loan to repay the Term Loans in whole or in part without premium or penalty; provided, that any voluntary prepayment of the Term Loans prior to December 15, 1998 shall be accompanied by a LIBOR Rate Loan, specifying prepayment fee equal to one percent (1%) of the date and principal amount of prepayment and whether such Term Loans to be prepaid. Upon receipt of such Notice of Payment, the prepayment Administrative Agent shall promptly notify each Lender. If any such Notice of Payment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereofgiven, the amount allocable to eachspecified in such notice shall be due and payable on the date set forth in such notice. Each optional prepayment of the Term Loan Loans hereunder shall be in an aggregate principal amount of at least $2,500,000 2,000,000 or any whole multiple of $500,000 1,000,000 in excess thereof with respect to Base Rate Loans and (whether made before $2,000,000 or after March 21, 2015) shall be applied, any whole multiple of $1,000,000 in order of maturity, excess thereof with respect to the remaining principal installments of the Term Loan outstanding at the time of such optional prepaymentLIBOR Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 5.10 hereof. A Notice of Prepayment received after noon Eastern time shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the 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 delivery to the Administrative Agent of a Notice of Prepayment not later than noon Eastern time (i) on the same Business Day as each prepayment of a Base Rate Loan and (ii) at least three (3) Business Days before each prepayment of a LIBOR Rate Loan, specifying the date and amount of prepayment and whether the prepayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder shall be in an aggregate principal amount of at least $2,500,000 or any whole multiple of $500,000 in excess thereof and (whether made before or after March 21, 2015) thereof. Optional prepayments of the Term Loans shall be appliedapplied as the Borrower may direct the Administrative Agent in writing, in order of maturity, such proportions as the Borrower may direct to the remaining principal installments (including principal payments to be made on the maturity date thereof) of each of the Term Loan outstanding at the time of such optional prepaymentLoans being prepaid. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Prepayment received after noon Eastern time shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Prepayment.