Optional Principal Prepayments. The Borrower may from time to time prepay, without penalty or premium, all outstanding Floating Rate Advances, or, any portion thereof in a minimum aggregate amount of $1,000,000 or any integral multiple of $1,000,000 in excess thereof (or, if less, the then remaining outstanding principal balance thereof), on any Business Day upon notice to the Agent by no later than 11:00 a.m. on the date of such prepayment. The Borrower may at any time prepay, without penalty or premium, all outstanding Swing Line Loans, or, any portion thereof in a minimum amount of $500,000 and increments of $100,000 in excess thereof (or, if less, the then remaining outstanding principal balance thereof), on any Business Day upon notice to the Agent and the Swing Line Lender by 11:00 a.m. on the date of such repayment. The Borrower may from time to time prepay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, any portion thereof in a minimum aggregate amount of $1,000,000 or any integral multiple of $500,000 in excess thereof upon at least three (3) Business Days’ prior notice to the Agent. Subject to the terms and conditions hereof, the Borrower may borrow, repay and reborrow Revolving Loans and Swing Line Loans hereunder until the Revolving Credit Termination Date.
Optional Principal Prepayments. (a) The Borrower may from time to time elect to prepay, in accordance with this Section 2.02, all or any portion of the outstanding Advances on any Business Day. The amount of any prepayment shall include any accrued and unpaid Interest on the amount prepaid and any Breakage Costs related thereto. Any partial prepayment by the Borrower of Advances pursuant to this Section 2.02 shall be in a minimum amount of $1,000,000 and integral multiples of $100,000 in excess thereof. Any amount prepaid may, subject to the terms and conditions hereof, be reborrowed during the Revolving Period.
(b) Except as otherwise provided in Section 2.02(c) below, in conjunction with any prepayment, the Borrower shall deliver to the Administrative Agent a written notice thereof at least two Business Days prior to the date of such repayment (or, in each case, such later time as each Lender, in its sole discretion, may agree), specifying the date and amount of the prepayment and certifying that, following such prepayment, the Borrower will be in compliance with the terms of this Agreement.
(c) In the event that any Conduit Lender that has elected to make its full pro rata share of an Advance in accordance with Section 2.01(e) hereof is deemed to have rescinded such election pursuant to Section 2.01(f) hereof, the Borrower shall have the right, upon written notice to the Administrative Agent no later than 3:00 p.m. (New York City time) on the applicable Borrowing Date, to prepay such Advance in full on the first Business Day following such Borrowing Date. Any such notice shall specify the date and amount of the prepayment and certify that, following such prepayment, the Borrower will be in compliance with the terms of this Agreement.
(d) Upon receipt of any notice of prepayment pursuant to clause (b) or (c) above, the Administrative Agent shall promptly forward a copy thereof to each Facility Agent which, upon its receipt thereof, shall promptly forward a copy thereof to each Lender in its Lender Group. The amount set forth in any such notice shall be due and payable on the date specified therein. Any such notice relating to any such prepayment shall be irrevocable when delivered.
Optional Principal Prepayments. Borrower may prepay principal of the Loan in the manner and on the conditions set forth in Section 3.5.
Optional Principal Prepayments. The Borrower may from time to time prepay, without penalty or premium, the then outstanding amount of the Loan, or, any portion thereof in a minimum aggregate amount of $1,000,000 or any integral multiple of $1,000,000 in excess thereof (or, if less, the then remaining outstanding principal balance thereof), on any Business Day upon at least three (3) Business Days’ prior notice to the Lender.
Optional Principal Prepayments. Debtor may voluntarily prepay the Term Loan in whole or in part, subject to a prepayment penalty of 5% of the amount prepaid in the case of optional prepayments only. Mandatory prepayments are not subject to any prepayment penalty.
Optional Principal Prepayments. The Borrower may, at any time or from time to time on any Business Day after the 6-month anniversary of the Initial Closing Date direct the Collateral Agent in writing to prepay all or a portion of the Outstanding Principal Balance of all Lenders on a pro rata basis from amounts in the Accounts; provided, that, any such direction must be received by the Collateral Agent not later than 10:00 a.m. one Business Day prior to the date of any such prepayment, and provided, further, that any such optional prepayment shall include any applicable Prepayment Premium owed to any Lender. Each such direction shall specify the date and amount of any such prepayment and the Accounts from which the amounts to be used for such prepayments shall be taken. If any such optional prepayment occurs on a date other than a Payment Date, each Lender’s Outstanding Principal Balance shall be automatically lowered as of the date of such prepayment by the amount so prepaid for all purposes of this Agreement (including, without limitation, for purposes of calculating Accrued Interest thereafter pursuant to Section 2.04). As used in this Section 2.05, the term pro rata shall be determined as of any date for any Lender based on the Outstanding Principal Balance of such Lender on such date as a percentage of the Aggregate Outstanding Principal Balance on such date. Notwithstanding the foregoing, the Borrower may, at any time or from time to time, direct the Collateral Agent in writing to prepay all or a portion of the Outstanding Principal Balance of any individual Lender if such individual Lender makes a written request for prepayment and the Borrower determines, in its sole discretion, to accommodate such written request.
Optional Principal Prepayments. (a) The Borrower may prepay Swing Line Loans, in whole or in part, at any time and from time to time. Except to the extent that repayment of Swing Line Loans is being administered through an automated cash management system mutually approved in writing by the Borrower and the Swing Line Lender, the Borrower shall, prior to or contemporaneously with making any such prepayment, give the Swing Line Lender such notice of prepayment as is sufficient to enable the Swing Line Lender to apply such prepayment properly to the repayment of Swing Line Loans.
(b) The Borrower may, upon not less than one (1) Business Day's prior written or telephonic notice confirmed in writing to the Administrative Agent (in the case of Base Rate Loans), and upon not less than three (3) Business Days' prior written or telephonic notice confirmed in writing to the Administrative Agent (in the case of LIBOR Loans) (each of which notices the Administrative Agent will promptly transmit to each Lender in writing, or by telephone confirmed in writing), at any time and from time to time prepay any Borrowing of Revolving Loans (as the Borrower may specify to the Administrative Agent) in whole or in part in a minimum amount of $500,000 and integral multiples of $100,000 in excess of that minimum amount; provided, however, that LIBOR Loans may be prepaid in part only if, after such prepayment, the unpaid portion of such Loans shall have aggregate minimum balances of $500,000; and provided further that in connection with any prepayment of LIBOR Loans, the Borrower shall pay to the Administrative Agent, for distribution to the Lenders, the accrued interest on such Loan required to be paid pursuant to Section 3.1.1 and any amounts required to be paid pursuant to Section 3.4.5.
Optional Principal Prepayments. 32 2.11. Mandatory Prepayments Resulting From Commitment Reductions.....................................
Optional Principal Prepayments. (a) The Borrower may, by giving a Repayment Notice (which shall be irrevocable) to the Administrative Agent not later than 11:00 a.m., Chicago time, one Business Day prior to any prepayment of a Floating Rate Advance and two Business Days prior to any prepayment of a Eurodollar Rate Advance, prepay any Advance in whole at any time or from time to time in part. Each partial prepayment of an Advance pursuant to this CLAUSE (A) shall be in a principal amount of $5,000,000 or a higher integral multiple of $500,000, in the case of Eurodollar Rate Advances, and $3,000,000 or a higher integral multiple of $500,000, in the case of Floating Rate Advances (and if, after giving effect to any such prepayment, the amount of any Eurodollar Rate Advance is less than $5,000,000, such Advance shall automatically convert to a Floating Rate Advance). Any prepayment of a Eurodollar Rate Advance shall (a) be accompanied by unpaid accrued interest thereon to the date of prepayment and (b) if made on a day other than the last day of an Interest Period therefor, be subject to SECTION 3.03.
(b) The Borrower may, by notice to BAI and the Administrative Agent not later than 12 noon, Chicago time, on any Business Day, prepay any Swing Loan in whole or in part from time to time. Each partial prepayment of a Swing Loan shall be in a minimum principal amount of $200,000 or a higher integral multiple of $100,000.
(c) Each prepayment made pursuant to this SECTION 2.10 shall be made on a Business Day. No prepayment made pursuant to this SECTION 2.10 shall, in and of itself, cause a reduction in the Total Commitment Amount.
Optional Principal Prepayments. The Borrower may from time to time prepay, without penalty or premium, all outstanding Floating Rate Advances, or, any portion thereof in a minimum aggregate amount of $1,000,000 or any integral multiple of $1,000,000 in excess thereof (or, if less, the then remaining outstanding principal balance thereof), on any Business Day upon notice to the Agent by no later than 11:00 a.m. on the date of such prepayment. The Borrower may from time to time prepay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, any portion thereof in a minimum aggregate amount of $1,000,000 or any integral multiple of $500,000 in excess thereof upon at least three (3) Business Days’ prior notice to the Agent.
