Common use of Payments; Voluntary, Mandatory Clause in Contracts

Payments; Voluntary, Mandatory. (a) The Borrower shall have the right from time to time to prepay the Loans, in whole or in part, upon written notice to the Agent prior to 11:00 a.m., Charlotte time, at least three (3) Business Days' prior to each intended prepayment of LIBOR Loans and at least one (1) Business Day prior to each intended prepayment of Base Rate Loans, provided that (i) each partial prepayment shall be in an aggregate principal amount of no less than $500,000 or an integral multiple thereof, (ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in an integral multiple of $1,000,000 in excess thereof and (iii) unless made together with all amounts required under Section 2.13 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (x) the proposed date of such prepayment and (y) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which made) and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under the Revolving Credit/Term Facility pursuant to this subsection (a) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The Borrower shall have the right from time to time to prepay the Loans, in whole or in part, without premium or penalty, upon written notice to the Administrative Agent prior to 11:00 9:00 a.m., Charlotte time, at least three two (32) Business Days' prior to each intended prepayment of LIBOR Loans and at least one (1) on the same Business Day prior to of each intended prepayment of Base Rate Loans or Absolute Rate Loans, provided that (i) each partial prepayment of Committed Loans shall be in an aggregate principal amount of no less than $500,000 or 2,000,000 and, if greater, in an integral multiple of $500,000 in excess thereof, (ii) each partial prepayment of Bid Loans shall be in an aggregate principal amount of no less than $5,000,000 and, if greater, in an integral multiple of $1,000,000 in excess thereof, (iii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in or to any greater amount not an integral multiple of $1,000,000 in excess thereof thereof, and (iiiiv) unless made together with all amounts required under Section 2.13 SECTION 2.15 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan or Absolute Rate Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (xy) the proposed date of such prepayment and (yz) the aggregate principal amount and the Classes and Types of the Loans to be prepaid (and, in the case of LIBOR Loans and Absolute Rate Loans, the specific Borrowing or Borrowings pursuant to which made) and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under the Revolving Credit/Term Facility pursuant to this subsection (aA) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The At any time and from time to time, the Borrower shall have the right from time to time to voluntarily prepay the Loans, in whole or in part, without premium or penalty (except as provided in clause (III) below), upon written notice to the Agent prior to 11:00 a.m.given not later than 12:00 noon, Charlotte time, (x) at least three (3) Business Days' Days prior to each intended prepayment of any loans that are LIBOR Loans and (y) at least one (1) Business Day prior to each intended prepayment of any Loans that are Base Rate Loans, ; provided that Swingline Loans may be prepaid on a same day basis; provided further that (i) each partial voluntary prepayment of Revolving Credit Loans and Term Loans shall be in an aggregate principal amount of no not less than $500,000 or, if greater, an integral multiple 39 of $500,000 in excess thereof, and each partial voluntary prepayment of Swingline Loans shall be in an aggregate principal amount of not less than $100,000, or if greater, an integral multiple thereof, (ii) no partial voluntary prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in or to any greater amount not an integral multiple of $1,000,000 in excess thereof thereof, and (iii) unless made together with all amounts required under Section SECTION 2.13 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (x) the proposed date of such prepayment and (y) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Interest Period of the Borrowing or Borrowings pursuant to which made) ), and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under During the Revolving Credit/Term Facility continuance of any Event of Default, all prepayments pursuant to this subsection (aA) shall be applied, first, to the Term Loans, second, upon payment in full of the Term Loans, to the Swingline Loans, and third, after payment in full of the Swingline Loans, to the Revolving Credit Loans, all as more particularly set forth in subsection (B) below. In the absence of an Event of Default, voluntary prepayments pursuant to this subsection (A) shall be applied as the Borrower determines. Revolving Credit Loans and Swingline Loans (but not Term Loans) prepaid pursuant to this subsection (A) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The Borrower shall have the right from time to time to prepay the Loans, in whole or in part, upon written notice to the Agent prior to 11:00 a.m.1:00 p.m., Charlotte Charlotte, North Carolina local time, (i) at least three (3) Business Days' Days prior to each intended prepayment of any Revolving Credit Loans that are LIBOR Loans Loans, and (ii) at least one (1) Business Day prior to each intended prepayment of Loans that are Base Rate Loans, provided that (i) each . Each partial prepayment of any LIBOR Loan shall be in an aggregate principal amount of no less than $500,000 or an integral multiple thereof3,000,000 or, (ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less if greater than $3,000,000 and3,000,000, if greater, in an integral multiple of $1,000,000; each partial repayment of any Base Rate Loan shall be in an aggregate principal amount of no less than $1,000,000 or, if greater than $1,000,000, an integral multiple of $500,000; each partial repayment of any Swingline Loan shall be in excess thereof and (iii) unless made together with all amounts required under Section 2.13 to be paid as a consequence an aggregate principal amount of such prepaymentno less than $250,000 or, a if greater than $250,000, an integral multiple of $100,000. Further, if the prepayment of any Loan that is a LIBOR Loan may be made only occurs on a date other than the last day of the an Interest Period applicable thereto, the Borrower shall pay each Lender the compensation provided for in SECTION 2.13. Each such notice shall specify (x) the proposed date of such prepayment, (y) the Facilities under which such prepayment is to be made and (yz) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which made) and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under the Revolving Credit/Term Credit Facility or the Swingline Facility pursuant to this subsection (aA) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The Borrower shall have the right from time to time to prepay the Loans, in whole or in part, without premium or penalty, upon written notice to the Agent prior to 11:00 9:00 a.m., Charlotte time, at least three two (32) Business Days' prior to each intended prepayment of LIBOR Loans and at least one (1) on the same Business Day prior to of each intended prepayment of Base Rate Loans or Absolute Rate Loans, provided that (i) each partial prepayment of Committed Loans shall be in an aggregate principal amount of no less than $500,000 or 2,000,000 and, if greater, in an integral multiple of $500,000 in excess thereof, (ii) each partial prepayment of Bid Loans shall be in an aggregate principal amount of no less than $5,000,000 and, if greater, in an integral multiple of $1,000,000 in excess thereof, (iii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in or to any greater amount not an integral multiple of $1,000,000 in excess thereof thereof, and (iiiiv) unless made together with all amounts required under Section 2.13 SECTION 2.15 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan or Absolute Rate Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (xy) the proposed date of such prepayment and (yz) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans and Absolute Rate Loans, the specific Borrowing or Borrowings pursuant to which made) and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under the Revolving Credit/Term Facility pursuant to this subsection (aA) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The Borrower shall have the right from time to time to prepay the Loans, in whole or in part, without premium or penalty (except as provided in clause (iii) below), upon written notice to the Agent prior to 11:00 a.m., Charlotte time, at least three (3) Business Days' Days prior to each intended prepayment of LIBOR Loans and at least one (1) Business Day prior to each intended prepayment of Base Rate Loans, provided that (i) each partial prepayment of Base Rate Loans shall be in an aggregate principal amount of no less than $500,000 or 1,000,000 or, if greater, shall be in an integral multiple of $100,000 in excess thereof (or, if the aggregate principal amount of Base Rate Loans then outstanding is less than $1,000,000, such outstanding amount), and each partial prepayment of LIBOR Loans shall be in an aggregate principal amount of no less than $5,000,000 or, if greater, shall be in an integral multiple of $1,000,000 in excess thereof, (ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in an integral multiple of $1,000,000 in excess thereof 5,000,000 and (iii) unless made together with all amounts required under Section 2.13 2.16 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (x) the proposed date of such prepayment and (y) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which made) and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under the Revolving Credit/Term Facility pursuant to this subsection (a) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The At any time and from time to time, the Borrower shall have the right from time to time to voluntarily prepay the Loans, in whole or in part, without premium or penalty (except as provided in clause (III) below), upon written notice to the Agent prior to 11:00 a.m.given not later than 12:00 noon, Charlotte time, (x) at least three (3) Business Days' Days prior to each intended prepayment of any Loans that are LIBOR Loans and (y) at least one (1) Business Day prior to each intended prepayment of Base Rate any Loans that are ABR Loans, ; provided that Swingline Loans may be prepaid on a same day basis; provided further that (i) each partial voluntary prepayment of Revolving Credit Loans shall be in an aggregate principal amount of no not less than $500,000 1,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof, and each partial voluntary prepayment of Swingline Loans shall be in an aggregate principal amount of not less than $100,000, or if greater, an integral multiple thereof, (ii) no partial voluntary prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in or to any greater amount not an integral multiple of $1,000,000 in excess thereof thereof, and (iii) unless made together with all amounts required under Section SECTION 2.13 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (x) the proposed date of such prepayment and (y) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Interest Period of the Borrowing or Borrowings pursuant to which made) ), and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under During the Revolving Credit/Term Facility continuance of any Event of Default, all prepayments pursuant to this subsection (aSECTION 2.5(A) shall be applied, first, to the Swingline Loans, and second, after payment in full of the Swingline Loans, to the Revolving Credit Loans as determined by the Agent. Each prepayment of the Revolving Credit Loans made pursuant to this SECTION 2.5(A) shall be applied to reduce the aggregate outstanding principal amount of the Revolving Credit Loans ratably among the Lenders holding Revolving Credit Loans in proportion to the principal amount held by each. In the absence of an Event of Default, voluntary prepayments pursuant to this SECTION 2.5(A) shall be applied as specified by the Borrower in the applicable prepayment notice. Loans prepaid pursuant to this SECTION 2.5(A) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The At any time and from time to time, the Borrower shall have the right from time to time to voluntarily prepay the Loans, in whole or in part, without premium or penalty (except as provided in clause (III) below), upon written notice to the Agent prior to 11:00 a.m.given not later than 12:00 noon, Charlotte time, (x) at least three (3) Business Days' Days prior to each intended prepayment of any Loans that are LIBOR Loans and (y) at least one (1) Business Day prior to each intended prepayment of Base Rate any Loans that are ABR Loans, ; provided that Swingline Loans may be prepaid on a same day basis; provided further that (i) each partial voluntary prepayment of Revolving Credit Loans shall be in an aggregate principal amount of no not less than $500,000 1,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof, and each partial voluntary prepayment of Swingline Loans shall be in an aggregate principal amount of not less than $100,000, or if greater, an integral multiple thereof, (ii) no partial voluntary prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in or to any greater amount not an integral multiple of $1,000,000 in excess thereof thereof, and (iii) unless made together with all amounts required under Section SECTION 2.13 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (x) the proposed date of such prepayment and (y) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Interest Period of the Borrowing or Borrowings pursuant to which made) ), and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under During the Revolving Credit/Term Facility continuance of any Event of Default, all prepayments pursuant to this subsection (aA) shall be applied, first, to the Swingline Loans, and second, after payment in full of the Swingline Loans, to the Revolving Credit Loans as determined by the Agent. Each prepayment of the Revolving Credit Loans made pursuant to this subsection (A) shall be applied to reduce the aggregate outstanding principal amount of the Revolving Credit Loans ratably among the Lenders holding Revolving Credit Loans in proportion to the principal amount held by each. In the absence of an Event of Default, voluntary prepayments pursuant to this subsection (A) shall be applied as specified by the Borrower in the applicable prepayment notice. Loans prepaid pursuant to this subsection (A) may be reborrowed, subject to the terms and conditions of this Agreement.

Payments; Voluntary, Mandatory. (a) The Borrower shall have the right from time to time to prepay the Loans, in whole or in part, without premium or penalty, upon written notice to the Agent prior to 11:00 a.m., Charlotte time, at least three (3) Business Days' prior to each intended prepayment of LIBOR Loans and at least one (1) Business Day prior to each intended prepayment of Base Rate Loans, provided that (i) each partial prepayment shall be in an aggregate principal amount of no less than $500,000 or 2,000,000 and, if greater, in an integral multiple of $500,000 in excess thereof, (ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $3,000,000 and, if greater, in or to any greater amount not an integral multiple of $1,000,000 in excess thereof thereof, and (iii) unless made together with all amounts required under Section SECTION 2.13 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify (xy) the proposed date of such prepayment and (yz) the aggregate principal amount and the Types of the Loans to be prepaid (and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which made) and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Amounts prepaid under the Revolving Credit/Term Facility pursuant to this subsection (aA) may be reborrowed, subject to the terms and conditions of this Agreement.