Common use of Permitted Prepayment of Term Loan Clause in Contracts

Permitted Prepayment of Term Loan. After the date that is the first anniversary of the Funding Date of the Term Loan, the Borrower shall have the option to prepay all, but not less than all, of the Term Loan advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loan at least five (5) Business Days prior to such prepayment, and (ii) pays to Collateral Agent for the benefit of each Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of (A) all outstanding principal of the Term Loan plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Fee, (C) the Prepayment Fee, plus (D) all other outstanding Obligations that are due and payable, including, without limitation, Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loan. After the date that is the first anniversary of the Funding Date of the Term Loan, the Borrower shall have the option to prepay all, but not less than all, of the outstanding principal balance of the Term Loan advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loan at least five (5) Business Days prior to such prepayment, and (ii) pays to Collateral Agent for the benefit of each Lenders on the date of such prepayment, payable to each the respective Lender to which such payments are owed in accordance with its their respective Pro Rata ShareShares, an amount equal to the sum of (A) all the outstanding principal of the Term Loan plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Fee, (C) the Prepayment FeePremium, plus (D) all other outstanding Obligations that are due and payablepayable on such prepayment date, including, without limitation, including any Lenders’ Expenses and interest at the Default Rate (if any) with respect to any past due amounts.

Permitted Prepayment of Term Loan. After the date that is the first anniversary of the Funding Date of the Term LoanEffective Date, the Borrower shall have the option to prepay all, but not less than all, of the Term Loan advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loan at least five seven (57) Business Days prior to such prepayment, and (ii) pays to Collateral Agent for the benefit of each Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of (A) all outstanding principal of the Term Loan plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Fee, (C) the Prepayment Fee, plus (D) all other outstanding Obligations that are due and payable, including, without limitation, Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loan. After the date that is the first anniversary of the Funding Date of the Term Loan, the Borrower shall have the option to prepay all, but not less than all, of the outstanding principal balance of the Term Loan advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loan at least five (5) Business Days prior to such prepayment, and (ii) pays to Collateral Agent for the benefit of each Lenders on the date of such prepayment, payable to each the respective Lender to which such payments are owed in accordance with its their respective Pro Rata ShareShares, an amount equal to the sum of (A) all the outstanding principal of the Term Loan plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Fee, (C) the Prepayment FeePremium, plus (D) all other outstanding Obligations that are due and payablepayable on such prepayment date, including, without limitation, including any Lenders’ Expenses and and, if applicable, interest at the Default Rate with respect to any past due amounts.