Prepayment Compensation. A prepayment of any Loan for any reason (whether voluntary or mandatory) shall in all cases be accompanied by (i) accrued but unpaid interest thereon and (ii) the payment determined in accordance with Section 3.04(c) (Compensation).
Prepayment Compensation. (a) Subject to Section 1.06(b) hereof, Borrower may, without premium or penalty thereon, upon at least one Business Day's prior written notice to Lender in the case of Base Rate Advances, and at least three Business Days prior written notice to Lender in the case of any Eurodollar Advance, prepay the Note in whole at any time or from time to time in part, such prepaid amounts to be delivered to Lender with accrued interest to the date of prepayment on the amount so prepaid; provided that (i) each Eurodollar Advance prepaid on a day other than the last day of the Interest Period for such Advance, must be accompanied by the payment described in Section 1.06(b), and (ii) each partial prepayment shall be in the principal amount equal to the lessor of (x) $100,000 or an integer multiple thereof and (y) the aggregate amount of the outstanding Loans at the time of prepayment.
Prepayment Compensation. If the Loan is prepaid in whole or in part for any of the reasons referred to in subparagraph (1), the Obligors shall indemnify the relevant Creditors for the damage incurred by them as a result of such prepayment, calculated in accordance with the principles as determined by the German Federal Court of Justice (Bundesgerichtshof).
Prepayment Compensation. The Loan may be pre-paid as provided in the Note. In the event of a prepayment of the Note by Delta or a default in payment of the Note by Delta, Delta shall compensate Xxxxxx-Xxxxxxx as follows:
Prepayment Compensation. 29 SECTION 2.13 Notes............................................................................30 SECTION 2.14 Fees.............................................................................30 SECTION 2.15 Place and Manner of Payments.....................................................31 SECTION 2.16 Computation of Interest and Commitment Fee.......................................32 SECTION 2.17 Late Charges; Default Rate.......................................................32 SECTION 2.18 Reimbursement to Lenders for Cost Increases Imposed by Law.......................32 SECTION 2.19 Reimbursement to Lenders for Increased Costs Due to Capital Adequacy Requirements.....................................................................33 SECTION 2.20 Illegality.......................................................................34 SECTION 2.21 Special Provisions for LIBOR Tranches............................................34 SECTION 2.22 Availability of Rate Quotations..................................................35 SECTION 2.23 Letters of Credit................................................................35 SECTION 2.24 Letter of Credit Cash Collateral Account.........................................40 SECTION 2.25 Mitigation of Obligations; Replacement of Lenders in Certain Circumstances.......41
Prepayment Compensation. (A) Borrowers may prepay without premium or penalty Base Rate Tranches in whole or in part at any time and from time to time upon one Business Day's notice to Agent (which shall deliver notice to Lenders).
Prepayment Compensation. All voluntary prepayments of the Term Loan that are made in accordance with Section 2.04(a) prior to the second anniversary of the Closing Date shall be subject to an additional premium equal to the amount of such prepayment multiplied by (i) with respect to prepayments made prior to the first anniversary of the Closing Date (other than prepayments made solely with the Net Cash Proceeds of an initial public offering of the common stock of the Borrower), two percent (2%), (ii) with respect to prepayments made prior to the first anniversary of the Closing Date solely with the Net Cash Proceeds of an initial public offering of the common stock of the Borrower, one percent (1%), and (iii) with respect to prepayments made on and after the first anniversary of the Closing Date but prior to the second anniversary of the Closing Date, one percent (1%). On or after the second anniversary of the Closing Date, no premiums or penalties shall be payable pursuant to this Section 2.04(e) in connection with any prepayments of the Term Loan.
Prepayment Compensation. As a result of the impracticability and difficulty of ascertaining and quantifying actual damages to the Lenders caused by early prepayments of the Term Loan and by mutual agreement of the Administrative Agent, the Lenders and the Loan Parties as to a reasonable approximation of the damages to the Lenders as a result of such early prepayment, all prepayments of the Term Loan that are made pursuant to Section 2.04(a) or Section 2.04(b)(iii), Section 2.04(b)(iv) or Section 2.04(b)(v) shall be accompanied by a compensation payment of (i) the principal amount of such prepayment multiplied by 3.0%, in the case of any such prepayment made on or prior to the date that is 180 days after the Closing Date, (ii) the principal amount of such prepayment multiplied by 2.0%, in the case of any such prepayment made during the period beginning on the date that is 181 days after the Closing Date and ending on the date that is 540 days after the Closing Date, (iii) the principal amount of such prepayment multiplied by 1.0%, in the case of any such prepayment made during the period beginning on the date that is 541 days after the Closing Date and ending on the date that is 900 days after the Closing Date and (iv) no compensation, in the case of any such prepayment made after the date that is 900 days after the Closing Date. Notwithstanding the foregoing, if the unpaid principal amount of the Term Loan and all interest and other amounts in respect thereof shall become due and payable prior to the scheduled maturity of such amounts for any reason under Section 9.02, then the Lenders shall be entitled to the compensation as calculated in Section 2.04(c)(i), (ii) or (iii), as of the date of such amounts become due and payable under Section 9.02. Any prepayment compensation payable pursuant to this Section 2.04(c) shall be presumed to be the amount of damages suffered by the Lenders as a result of the early prepayment of the Term Loan and each Loan Party agrees that it is reasonable under the existing circumstances. All compensation payable pursuant to this Section 2.04(c) shall constitute Obligations.
Prepayment Compensation. If (i) any optional or ----------------------- mandatory payment or prepayment of a Eurodollar Loan or CD Loan (including, without limitation, on account of a reduction or termination of the Credit) or any conversion of a Eurodollar Loan or CD Loan pursuant to Article V or Section ------- - ------- 4.2 is made on a day which is not the originally scheduled last day (designated --- in Borrower's notice pursuant to Section 1.2 or 5.4) of an Interest Period of ------- --- --- such Loan, or (ii) the Borrower fails to borrow, continue, or convert another Loan into, a Eurodollar Loan or CD Loan on the date for such borrowing, continuation, or conversion specified in the Borrower's notice pursuant to Section 1.2 or 5.4, Borrower shall pay directly to the Bank having made such ------- --- --- Loan or which would have made such Loan such amount or amounts as will fully compensate such Bank for any net losses and expenses incurred by it (or any branch or affiliate thereof) in connection with its repayment or reinvestment in respect of funds borrowed by it or deposited with it for the purpose of making or maintaining such Loan, it being understood that the amount of any such -- ----- ---------- loss shall be determined with reference only to reduced earnings derived by such Bank on, and shall not include any loss of, any principal amount of such funds as the result of such Bank's reinvestment thereof. Any such payment by Borrower to any Bank shall be payable on demand made by such Bank (accompanied by a calculation in reasonable detail of such payment which, in the absence of demonstrable error, shall be conclusive and binding as to the amount thereof).
Prepayment Compensation. As a result of the impracticability and difficulty of ascertaining and quantifying actual damages to the Lenders caused by early prepayments of the Term Loan and by mutual agreement of the Administrative Agent, the Lenders and the Loan Parties as to a reasonable approximation of the damages to the Lenders as a result of such early prepayment, all prepayments of the Term Loan that are made pursuant to Section 2.04(a) or Section 2.04(b)(iii), Section 2.04(b)(iv) or Section 2.04(b)(v) shall be accompanied by compensation to the Lenders determined as follows:
