Common use of Optional Repayment Clause in Contracts

Optional Repayment. The Borrowers may, without premium or penalty and at any time and from time to time, repay to the Agent for the account of the Lenders the whole or any part of any Loan under any Credit Facility (as directed by the applicable Borrower) together with accrued interest thereon to the date of such repayment; provided that: (a) in anticipation of any repayment of any Loan, the applicable Borrower shall give a Conversion/Rollover/Repayment Notice to the Agent at least (i) 3 Banking Days prior to any such repayment in the case of LIBO Rate Loan, and (ii) 1 Banking Day prior to any such repayment, in the case of any other Loan; (b) each repayment of any Loan shall be in a minimum amount equal to the lesser of: (i) the applicable amounts set forth in Section 2.5(b); and (ii) the Outstanding Principal of all Loans outstanding immediately prior to such repayment; (c) repayments pursuant to this Section 7.2 may only be made on a Banking Day; (d) unless the Principal Borrower pays breakage costs pursuant to Section 7.4(a), each such repayment may only be made on the last day of the applicable Interest Period with regard to a LIBO Rate Loan that is being repaid; (e) a Bankers’ Acceptance (including a BA Equivalent Advance) may only be repaid on its maturity, but may be Cash Collateralized; and (f) a Letter of Credit may only be repaid if it is returned for cancellation, but may be Cash Collateralized.

Optional Repayment. The Borrowers Borrower may, without premium or penalty and at any time and from time to time, repay to the Agent for the account of the Lenders the whole or any part of any Loan under any the Credit Facility (as directed by the applicable Borrower) together with accrued interest thereon to the date of such repayment; provided that: (a) in anticipation of any repayment of any Loan, the applicable Borrower shall give a Conversion/Rollover/Repayment Notice to the Agent at least (i) 3 Banking Days prior to any such repayment in the case of LIBO Rate Loan, and (ii) 1 Banking Day prior to any such repayment, in the case of any other Loan; (b) each repayment of any Loan shall be in a minimum amount equal to the lesser of: (i) the applicable amounts set forth in Section 2.5(b2.3(b); and (ii) the Outstanding Principal of all Loans outstanding immediately prior to such repayment; (c) repayments pursuant to this Section 7.2 may only be made on a Banking Day; (d) unless the Principal Borrower pays breakage costs pursuant to Section 7.4(a), each such repayment may only be made on the last day of the applicable Interest Period with regard to a LIBO Rate Loan that is being repaid; (e) a Bankers’ Acceptance (including a BA Equivalent Advance) may only be repaid on its maturity, but may be Cash Collateralized; and (f) a Letter of Credit may only be repaid if it is returned for cancellation, but may be Cash Collateralized.

Optional Repayment. The Borrowers Borrower may, without premium or penalty and at any time and from time to time, repay to the Agent for the account of the applicable Lenders the whole or any part of any Loan under any Credit Facility Tranche (as directed by the applicable Borrower) together with accrued interest thereon to the date of such repayment; provided that: (a) in anticipation of any repayment of any Loan, the applicable Borrower shall give a Conversion/Rollover/Repayment Notice to the Agent at least (i) 3 Banking Days prior to any such repayment in the case of LIBO Rate Loan, and (ii) 1 Banking Day prior to any such repayment, in the case of any other Loan; (b) each repayment of any Loan under the Syndicated Tranche shall be in a minimum amount equal to the lesser of: (i) the applicable amounts set forth in Section 2.5(b2.3(b); and (ii) the Outstanding Principal of all Loans outstanding immediately prior to such repayment; (c) repayments pursuant to this Section 7.2 may only be made on a Banking Day; (d) unless the Principal Borrower pays breakage costs pursuant to Section 7.4(a), each such repayment may only be made on the last day of the applicable Interest Period with regard to a LIBO Rate Loan that is being repaid; (e) a Bankers’ Acceptance (including a BA Equivalent Advance) may only be repaid on its maturity, but may be Cash Collateralized; and (f) a Letter of Credit may only be repaid if it is returned for cancellation, but may be Cash Collateralized.

Optional Repayment. The Borrowers Borrower may, without premium or penalty and at any time and from time to time, repay to the Agent for the account of the Lenders the whole or any part of any Loan under any Credit Facility (as directed by the applicable Borrower) together with accrued interest thereon to the date of such repayment; provided that: (a) in anticipation of any repayment of any Loan, the applicable Borrower shall give a Conversion/Rollover/Repayment Notice to the Agent at least (i) 3 three (3) Banking Days prior to any such repayment in the case of LIBO Rate Loan, and (ii) 1 one (1) Banking Day prior to any such repayment, in the case of any other Loan; (b) each repayment of any Loan shall be in a minimum amount equal to the lesser of: (i) the applicable amounts set forth in Section 2.5(b2.2(c); and (ii) the Outstanding Principal of all Loans outstanding immediately prior to such repayment; (c) repayments pursuant to this Section 7.2 may only be made on a Banking Day; (d) unless the Principal Borrower pays breakage costs pursuant to Section 7.4(a), each such repayment may only be made on the last day of the applicable Interest Period with regard to a LIBO Rate Loan that is being repaid; (e) a Bankers’ Acceptance (including a BA Equivalent Advance) may only be repaid on its maturity, but may be Cash Collateralized; and (f) a Letter of Credit may only be repaid if it is returned for cancellation, but may be Cash Collateralized.

Optional Repayment. The Borrowers Borrower may, without premium or penalty and at any time and from time to time, repay to the Agent for the account of the Lenders the whole or any part of any Loan under any Credit Facility (as directed by the applicable Borrower) together with accrued interest thereon to the date of such repayment; provided that: (a) in anticipation of any repayment of any Loan, the applicable Borrower shall give a Conversion/Rollover/Repayment Notice to the Agent at least (i) 3 three Banking Days prior to any such repayment in the case of LIBO Rate Loan, and (ii) 1 Banking Day prior to any such repayment, in the case of any other Loan; (b) each repayment of any Loan shall be in a minimum amount equal to the lesser of: (i) the applicable amounts set forth Cdn. $3,000,000 (for repayments in Section 2.5(b)Cdn. Dollars) and in whole multiples of Cdn. $1,000,000 thereafter or U.S. $3,000,000 (for repayments in U.S. Dollars) and in whole multiples of U.S. $1,000,000 thereafter; and (ii) the Outstanding Principal of all Loans outstanding immediately prior to such repayment; (c) repayments pursuant to this Section 7.2 may only be made on a Banking Day; (d) unless the Principal Borrower pays breakage costs pursuant to Section 7.4(a6.5(a), each such repayment may only be made on the last day of the applicable Interest Period with regard to a LIBO Rate Loan that is being repaid; (e) a Bankers’ Acceptance (including a BA Equivalent Advance) may only be repaid on its maturity, but may be Cash Collateralizedcollateralized in accordance with Section 6.5(b); and (f) a Letter of Credit may only be repaid if it is returned for cancellation, but may be Cash Collateralizedcash collateralized in accordance with Section 6.5(c).