Common use of Prepayment Notice Clause in Contracts

Prepayment Notice. Each Auction Notice shall contain the following representations and warranties by the Borrower: “No Default or Event of Default has occurred and is continuing on the date of the delivery of this Auction Notice and at the time of prepayment of any Term Loans pursuant hereto or would result from this Auction Prepayment Offer or from the application of the proceeds thereof. The Borrower is not in possession of any material non-public information with respect to Parent or any of its subsidiaries that (x) has not been disclosed to the Lenders (other than Lenders that do not wish to receive material non-public information with respect to Parent or any of its subsidiaries) prior to the date of the Auction Notice and (y) if not disclosed to the Lenders, could reasonably be expected to have a material effect (whether negative or positive) upon, or otherwise be material to, (1) a Lender’s decision to participate in any Auction Prepayment Offer or (2) the market price of the Term Loans subject to such Auction Prepayment Offer.”

Prepayment Notice. Each Auction Notice shall contain the following representations and warranties by the Borrower: “No Default or Event of Default has occurred and is continuing on the date of the delivery of this Auction Notice and at the time of prepayment of any Term B Loans pursuant hereto or would result from this Auction Discounted Voluntary Prepayment Offer or from the application of the proceeds thereof. The Borrower is not in possession of any material non-public information with respect to Parent Borrower or any of its subsidiaries Subsidiaries or any other Loan Party that (x) has not been disclosed to the Lenders (other than Lenders that do not wish to receive material non-public information with respect to Parent or Borrower, any of its subsidiariesSubsidiaries or any other Loan Party) prior to the such date of the Auction Notice and (y) if not disclosed to the Lenders, could reasonably be expected to have a material effect (whether negative or positive) upon, or otherwise be material to, (1) a Term B Lender’s decision to participate in any Auction Prepayment Offer or (2) the market price of the Term B Loans subject to such Auction Prepayment Offeror Equity Interests of Borrower.”

Prepayment Notice. Each Auction Notice shall contain the following representations and warranties by the Borrower: “No Default or Event of Default has occurred and is continuing on the date of the delivery of this Auction Notice and at the time of prepayment of any Term Loans pursuant hereto or would result from this Auction Prepayment Offer or from the application of the proceeds thereof. The Borrower is not in possession of any material non-public information with respect to Parent Evertec or any of its subsidiaries that (x) has not been disclosed to the Lenders (other than Lenders that do not wish to receive material non-public information with respect to Parent Evertec or any of its subsidiaries) prior to the such date of the Auction Notice and (y) if not disclosed to the Lenders, could reasonably be expected to have a material effect (whether negative or positive) upon, or otherwise be material to, (1) a Lender’s decision to participate in any Auction Prepayment Offer or (2) the market price of the Term Loans subject to such Auction Prepayment OfferAuction.”