Common use of Optional Repayments and Commitment Reductions Clause in Contracts

Optional Repayments and Commitment Reductions. Without fee or penalty, the Borrowers may at any time and from time to time repay the Revolver Loans made thereto, in whole or in part, upon irrevocable notice to the Administrative Agent not later than 11:00 a.m. (Atlanta time) on the date of repayment with respect to Base Rate Loans, at least three (3) Business Days before with respect to LIBOR Rate Loans, and at least four (4) Business Days before with respect to Foreign Currency Loans, specifying the date and amount of repayment and whether the repayment is of Base Rate Loans, LIBOR Rate Loans, or Foreign Currency Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 or a whole multiple of $100,000 in excess thereof with respect to LIBOR Rate Loans or Foreign Currency Loans, and $500,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.8. Upon the repayment of any Loan, the Borrowers, without fee or penalty, upon irrevocable notice to the Administrative Agent at least five (5) Business Days prior to the proposed commitment reduction, may reduce the Revolver Loan Commitment for more or less than the repaid Loan amount, but with such commitment reduction to be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Optional Repayments and Commitment Reductions. Without fee or penalty, the Co-Borrowers may at any time and from time to time repay the Revolver Loans made thereto, in whole or in part, upon irrevocable notice to the Administrative Agent Lender not later than 11:00 a.m. (Atlanta time) on the date of repayment with respect to Base Rate Loans, Loans and at least three (3) Business Days before with respect to LIBOR Rate Loans, and at least four (4) Business Days before with respect to Foreign Currency Loans, specifying the date and amount of repayment and whether the repayment is of Base Rate Loans, Loans or LIBOR Rate Loans, or Foreign Currency Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof with respect to LIBOR Rate Loans or Foreign Currency Loans, and $500,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.83.7. Upon the repayment of any Loan, the Co-Borrowers, without fee or penalty, upon irrevocable notice to the Administrative Agent Lender at least five (5) Business Days prior to the proposed commitment reduction, may reduce the Revolver Loan Commitment for more or less than the repaid Loan amount, but with such commitment reduction to be in a minimum amount of $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof.

Optional Repayments and Commitment Reductions. Without Subject to Section 2.4(e) below, without fee or penalty, the Borrowers may at any time and from time to time repay the Revolver Revolving Loans made thereto, in whole or in part, upon irrevocable notice to the Administrative Agent not later than 11:00 a.m. (Atlanta Charlotte time) on the date of repayment with respect to Base Rate Loans, at least three (3) Business Days before with respect to LIBOR Rate Loans, and at least four (4) Business Days before with respect to Foreign Currency Loans, specifying the date and amount of repayment and whether the repayment is of Base Rate Loans, LIBOR Rate Loans, or Foreign Currency Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 2,000,000 or a whole multiple of $100,000 in excess thereof with respect to LIBOR Rate Loans or Foreign Currency Loans (other than European Swingline Loans), $1,000,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans and European Swingline Loans made as Base Rate Loans), $500,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate European Swingline Loans, and $50,000 or a whole multiple of $50,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.8. Upon the repayment of any Loan, the Borrowers, without fee or penalty, upon irrevocable notice to the Administrative Agent at least five (5) Business Days prior to the proposed commitment Aggregate Commitment reduction, may reduce the Revolver Loan Aggregate Commitment for more or less than the repaid Loan amount, but with such commitment Aggregate Commitment reduction to be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Optional Repayments and Commitment Reductions. Without Subject to Section 2.4(e) below, without fee or penalty, the Borrowers may at any time and from time to time repay the Revolver Revolving Loans made thereto, in whole or in part, upon irrevocable notice to the Administrative Agent not later than 11:00 a.m. (Atlanta Charlotte time) on the date of repayment with respect to Base Rate Loans, at least three (3) Business Days before with respect to LIBOR Rate Loans, and at least four (4) Business Days before with respect to Foreign Currency Loans, specifying the date and amount of repayment and whether the repayment is of Base Rate Loans, LIBOR Rate Loans, or Foreign Currency Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 3,000,000 or a whole multiple of $100,000 in excess thereof with respect to LIBOR Rate Loans or Foreign Currency Loans (other than European Swingline Loans), and $500,000 2,000,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans and European Swingline Loans made as Base Rate Loans), $500,000 or a whole multiple of $50,000 in excess thereof with respect to European Swingline Loans, and $50,000 or a whole multiple of $50,000 in excess thereof with respect to Swingline Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.8. Upon the repayment of any Loan, the Borrowers, without fee or penalty, upon irrevocable notice to the Administrative Agent at least five (5) Business Days prior to the proposed commitment Aggregate Commitment reduction, may reduce the Revolver Loan Aggregate Commitment for more or less than the repaid Loan amount, but with such commitment Aggregate Commitment reduction to be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Optional Repayments and Commitment Reductions. Without fee or penalty, the Co-Borrowers may at any time and from time to time repay the Revolver Loans made thereto, in whole or in part, upon irrevocable notice to the Administrative Agent not later than 11:00 a.m. (Atlanta Charlotte time) on the date of repayment with respect to Base Rate Loans, at least four (4) Business Days before with respect to Foreign Currency Loans, and at least three (3) Business Days before with respect to LIBOR Rate Loans, and at least four (4) Business Days before with respect to Foreign Currency Loans, specifying the date and amount of repayment and whether the repayment is of Base Rate Loans, LIBOR Rate Loans, or Foreign Currency Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof with respect to LIBOR Rate Loans Loans, $1,000,000 of Assigned Dollar Value or a whole multiple of $1,000,000 of Assigned Dollar Value in excess thereof with respect to Foreign Currency Loans, and $500,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.8. Upon the repayment of any Loan, the Co-Borrowers, without fee or penalty, upon irrevocable notice to the Administrative Agent at least five (5) Business Days prior to the proposed commitment reduction, may reduce the Revolver Loan Commitment for more or less than the repaid Loan amount, but with such commitment reduction to be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Optional Repayments and Commitment Reductions. Without fee or penalty, the Co-Borrowers may at any time and from time to time repay the Revolver Loans made theretohereunder, in whole or in part, upon irrevocable notice to the Administrative Agent not later than 11:00 a.m. (Atlanta time) on the date of repayment with respect to Base Rate Loans, at least four (4) Business Days before with respect to Foreign Currency Loans, and at least three (3) Business Days before with respect to LIBOR Rate Loans, and at least four (4) Business Days before with respect to Foreign Currency Loans, specifying the date and amount of repayment and whether the repayment is of Base Rate Loans, LIBOR Rate Loans, or Foreign Currency Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $500,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof with respect to LIBOR Rate Loans Loans, $1,000,000 of Assigned Dollar Value or a whole multiple of $1,000,000 of Assigned Dollar Value in excess thereof with respect to Foreign Currency Loans, and $500,000 or a whole multiple of $100,000 in excess thereof with respect to Base Rate Loans. Each such repayment shall be accompanied by any amount required to be paid pursuant to Section 3.8. Upon the repayment of any Loan, the Co-Borrowers, without fee or penalty, upon irrevocable notice to the Administrative Agent at least five (5) Business Days prior to the proposed commitment reduction, may reduce the Revolver Loan Commitment for more or less than the repaid Loan amount, but with such commitment reduction to be in a minimum amount of $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof.