Common use of Optional Repayments of Term Loan Clause in Contracts

Optional Repayments of Term Loan. The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Term Loan, in whole or in part, subject to (a) the Borrower Representative having given at least thirty (30) days' prior written notice to the Administrative Agent of such prepayment, and (b) the payment, simultaneously with such prepayment, of LIBOR Breakage Costs for the Term Loan to the extent that it is a LIBOR Rate Loan. Each such partial prepayment of the Term Loan shall be in an amount of $10,000,000 or integral multiple of $500,000 in excess thereof, or, if less, shall be accompanied by the payment of all charges outstanding on the Term Loan and of all accrued interest on the principal of the Term Loan prepaid to the date of payment, and shall be applied, in the absence of instruction by the Borrower Representative, first to the principal of the Term Loan to the extent that it is a Base Rate Loan and then to the principal of the Term Loan to the extent that it is a LIBOR Rate Loan, at the Administrative Agent's option. No amount of the Term Loan that is prepaid may be re-borrowed.

Optional Repayments of Term Loan. The Borrowers shall have the right, at their election, to prepay the outstanding amount of the a Term Loan, in whole or in part, subject to (a) the Borrower Representative having given at least thirty fifteen (3015) days' prior written notice to the Administrative Agent of such prepayment, and (b) the payment, simultaneously with such prepayment, of LIBOR Breakage Costs for the such Term Loan to the extent that it is a LIBOR Rate Loan. Each such partial prepayment of the a Term Loan shall be in an amount of $10,000,000 2,000,000 or integral multiple of $500,000 in excess thereof, or, if less, shall be accompanied by the payment of all charges outstanding on the such Term Loan and of all accrued interest on the principal of the such Term Loan prepaid to the date of payment, and shall be applied, in the absence of instruction by the Borrower Representative, first to the principal of the such Term Loan to the extent that it is a Base Rate Loan and then to the principal of the such Term Loan to the extent that it is a LIBOR Rate Loan, at the Administrative Agent's option. No amount of such the Term Loan that is prepaid may be re-borrowed.

Optional Repayments of Term Loan. The Borrowers shall have the right, at their election, to prepay the outstanding amount of the a Term Loan, in whole or in part, subject to (a) the Borrower Representative having given at least thirty fifteen (3015) days' prior written notice to the Administrative Agent of such prepayment, and (b) the payment, simultaneously with such prepayment, of LIBOR Breakage Costs for the such Term Loan to the extent that it is a LIBOR Rate Loan. Each such partial prepayment of the a Term Loan shall be in an amount of $10,000,000 2,000,000 or integral multiple of $500,000 in excess thereof, or, if less, thereof and shall be accompanied by the payment of all charges outstanding on the such Term Loan and of all accrued interest on the principal of the such Term Loan prepaid to the date of payment, and shall be applied, in the absence of instruction by the Borrower Representative, first to the principal of the such Term Loan to the extent that it is a Base Rate Loan and then to the principal of the such Term Loan to the extent that it is a LIBOR Rate Loan, at the Administrative Agent's option. No amount of such the Term Loan that is prepaid may be re-borrowed.