Prepayment and Termination. If the Borrower prepays all of the Obligations and terminates each Bank's Commitment in full during any of the periods set forth in the table below, the Borrower shall pay a premium equal to the percentage set forth in the table below opposite the period during which such prepayment is made of the sum of (i) the Total Commitment with respect to the Revolving Credit Loans plus (ii) the outstanding amount of the Term Loan, on the date immediately prior to the date of prepayment: Period Prepayment Premium September 30, 1997 through August 31, 1998 3% of the Commitment September 1, 1998 through August 31, 1999 2% of the Commitment September 1, 1999 through January 31, 2000 1% of the Commitment
Prepayment and Termination. Subject to the provisions of SECTION 17.23, if Borrower prepays the Loans in whole and terminates this Agreement prior to the Termination Date, for any reason other than refinancing of the Loans with NationsBank or any of its Affiliates, Borrower shall pay to Agent, for the ratable benefit of the Lenders, on the date of such prepayment, as liquidated damages and compensation for the costs of making funds available to Borrower under this Agreement, and not as a penalty, an amount equal to the percentage amount specified below for the Loan Year in which such prepayment is made multiplied by $500,000,000: Loan Year Percent --------- ------- 1 0.50% 2 0.25% any Loan Year thereafter 0.00%
Prepayment and Termination. Upon ten (10) Business Days’ prior written notice to Lender, Co-Borrowers may, at its option, at any time, prepay all (and not less than all) of the outstanding Loans (and terminate the Revolving Loan Commitment) by simultaneously paying to Lender an amount equal to (i) any accrued and unpaid interest on the outstanding principal balance of the Loans; plus (ii) an amount equal to (A) if such Loan is prepaid on or before the Loan Amortization Date applicable to such Loan, three percent (3%) of the then outstanding principal balance of such Loan, provided, however, that if the outstanding principal balance of the Revolving Loan being prepaid prior to the Loan Amortization Date applicable to such Revolving Loan is less than Two Million Five Hundred Thousand Dollars ($2,500,000), then the prepayment fee due and owing to Lender by Co-Borrowers hereunder shall be Seventy-Five Thousand Dollars ($75,000), or (B) if such Loan is prepaid after the Loan Amortization Date applicable to such Loan, two percent (2%) of the then outstanding principal balance of such Loan; plus (iii) the outstanding principal balance of such Loan; plus (iv) an amount equal to the difference between the actual Revenue Based Payments paid by Co-Borrowers to Lender and the applicable Minimum Required Revenue Based Payments; plus (v) all other sums, if any, that shall have become due and payable hereunder.
Prepayment and Termination. The Borrowers shall have the right to prepay the Obligations under this Agreement, terminate the Aggregate Revolving Commitment and terminate this Agreement at any time, in whole or in part, without any penalty or fee.
Prepayment and Termination. No LIBOR BORROWING may be prepaid prior to the expiration of the applicable INTEREST PERIOD unless the BORROWERS have fully compensated the LENDER as provided above in Section 2.3.3.e.
Prepayment and Termination. Leander may prepay any or all accrued and unpaid amounts payable by Leander to the Financing Party under Section 1 at any time and from time to time. Upon full payment of such accrued amounts, all obligations under this Agreement shall terminate.
Prepayment and Termination. At its option upon at least seven (7) business days prior notice to Lender any time after the date which is nine (9) months after the Closing Date, Borrower may provide notice to Lender of Borrower’s desire to terminate the Revolving Loan without any additional penalty or fee, at which time (i) Borrower shall prepay all, but not less than all, of the outstanding Revolving Advances by paying the entire principal balance, all accrued and unpaid interest, and (ii) the Lender’s commitment to make any Advances hereunder shall cease; provided that, Borrower may prepay the Revolving Loans and terminate this Agreement in connection with a prepayment and termination of the Term Loans pursuant to Sections 2.5 and 2.6 below.
Prepayment and Termination. (a) Borrower may at any time and from time to time prepay any Credit Extensions, in whole or in part, upon at least three (3) Business Days' notice to Bank, specifying the date and amount of prepayment. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein without penalty.
Prepayment and Termination. If the Borrower prepays all of the Obligations and terminates each Bank's Commitment in full prior to the Revolving Credit Loan Maturity Date or Term Loan Maturity Date, the Borrower shall pay a premium equal to one percent (1%) of the sum of (i) the Total Commitment with respect to the Revolving Credit Loans PLUS (ii) the outstanding amount of the Term Loan, on the date immediately prior to the date of prepayment (the "Total Prepayment Amount")' PROVIDED, HOWEVER, in the event that the Banks request the Borrower to refinance with a third party and repay all of the Obligations and all of the Obligations are repaid in full in cash within ninety (90) days of such request, the premium to be paid by the Borrower shall be equal to one-half percent (0.5%) of the Total Repayment Amount.
