Common use of Optional Repayment of Loans Clause in Contracts

Optional Repayment of Loans. (1) The Borrower Parties will have the right at any time and from time to time to repay any Loan in whole or in part, without premium or penalty (but subject to Section 2.16), in an aggregate principal amount, (a) in the case of Eurocurrency Revolving Loans, that is an integral multiple of $500,000 and not less than $2.5 million, and (b) in the case of ABR Loans, that is an integral multiple of $100,000 and not less than $1.0 million, or, in each case, if less, the amount outstanding; provided that no portion of the principal of any ABL Term Loans may be prepaid prior to the Discharge of ABL Revolving Claims unless such prepayment (i) is permitted under Section 6.09(2) or (ii) constitutes a scheduled amortization payment expressly contemplated under Section 2.21(7)(c).

Optional Repayment of Loans. (1) The Borrower Parties will have the right at any time and from time to time to repay any Loan in whole or in part, without premium or penalty (but subject to Section 2.16), in an aggregate principal amount, (a) in the case of Eurocurrency Revolving Loans, that is an integral multiple of $500,000 100,000 and not less than $2.5 1.0 million, and (b) in the case of ABR Loans, that is an integral multiple of $100,000 and not less than $1.0 million500,000, or, in each case, if less, the amount outstanding; provided that no portion of the principal of any ABL Refinancing Term Loans may be prepaid prior to the Discharge of ABL Revolving Claims unless such prepayment (i) is permitted under Section 6.09(2) or (ii) constitutes a scheduled amortization payment expressly contemplated under Section 2.21(7)(c6.11(1).

Optional Repayment of Loans. (1) The Borrower Parties will have the right at any time and from time to time to repay any Loan in whole or in part, without premium or penalty (but subject to Section 2.16), in an aggregate principal amount, (a) in the case of Eurocurrency SOFR Revolving Loans, that is an integral multiple of $500,000 100,000 and not less than $2.5 1.0 million, and (b) in the case of ABR Loans, that is an integral multiple of $100,000 and not less than $1.0 million500,000, or, in each case, if less, the amount outstanding; provided that no portion of the principal of any ABL Refinancing Term Loans may be prepaid prior to the Discharge of ABL Revolving Claims unless such prepayment (i) is permitted under Section 6.09(2) or (ii) constitutes a scheduled amortization payment expressly contemplated under Section 2.21(7)(c6.11(1).