Prepayment of Advances. No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.
Prepayment of Advances. If any payment of principal of Advance is made other than on the last day of the Interest Period for such Advance or at its maturity, as a result of a payment pursuant to Section 2.14, acceleration of the maturity of the Advances pursuant to Section 6.2, an assignment made as a result of a demand by PMI pursuant to Section 9.7(a) or for any other reason, PMI shall, upon demand by any Lender (with a copy of such demand to the Facility Agent or the Swingline Agent, as applicable), pay to the Facility Agent or the Swingline Agent, as applicable, for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses which it may reasonably incur as a result of such payment, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. Without prejudice to the survival of any other agreement of any Borrower or PMI hereunder, the agreements and obligations of each Borrower and PMI contained in Section 2.3(c), 2.9(c), 2.15, 2.18, and this Section 9.4(b) shall survive the payment in full of principal and interest hereunder.
Prepayment of Advances. (i) No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07. Any Borrower may, upon notice no later than 11:00 A.M. (New York City time) on the second Business Day before the prepayment of Eurocurrency Rate Advances, and no later than 11:00 A.M. (New York City time) on the day of the prepayment in the case of Base Rate Advances, in either case to the Administrative Agent and stating the proposed date and principal amount of the prepayment, and if such notice is given such Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that each partial prepayment shall be in the aggregate principal amount of at least $5,000,000 or a larger whole multiple of $1,000,000 (or, in the case of Advances denominated in an Alternate Currency, the Foreign Currency Equivalent thereof in such Alternate Currency, rounded to the nearest 1,000,000 units of such Alternate Currency) and, in the case of a payment or prepayment of a Eurocurrency Rate Advance other than on the last day of the Interest Period for such Advance as provided herein, shall have the consequences set forth in Section 8.04(b).
(ii) The Company shall notify the Administrative Agent immediately upon becoming aware of any Change of Control. Upon receipt of such notice and for a period of 90 days thereafter, the Required Lenders shall be entitled, by written notice to the Company received within such period, to terminate the Commitments in whole and require the Company and any other Borrower to prepay all outstanding Advances within 5 Business Days of its receipt of such notice, together with any accrued and unpaid interest thereon to the date of such prepayment and any other amounts due hereunder. Notwithstanding any other provision contained herein, a Change of Control shall not, in and of itself, constitute a Default hereunder.
Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid in full or in part at any time, without penalty; and the principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ prior written notice to the Administrative Agent, provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in connection with such prepayment, as set forth in Section 2.9. Each notice of prepayment of any Eurodollar Advance shall be irrevocable, and each prepayment or repayment made under this Section 2.5(a) shall include the accrued interest on the amount so prepaid. Upon receipt of any notice of prepayment or repayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s portion of such prepayment or repayment. Notwithstanding the foregoing, the Borrower shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.6, repayments and prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 in excess thereof. Except as provided in Section 2.5(b), any repayment or prepayment of outstanding Advances shall not reduce the Revolving Loan Commitment.
Prepayment of Advances. (a) The Borrower may, by giving not later than 9:00 a.m. on the relevant day not less than three Business Days' irrevocable written notice to the Administrative Agent (which shall be irrevocable) and subject to Clause 26(a)(iii) (Indemnities), prepay any Revolving Advance or Term Advance made to it in a minimum amount of US $1,000,000 and integral multiples of $500,000 in excess thereof.
(b) The Borrower may prepay at any time a Swingline Advance made to it in a minimum amount of $1,000,000 and integral multiples of $500,000 in excess thereof.
(c) The Borrower may not pre-pay any Advance except as expressly provided in this Agreement. Any Advance prepaid prior to the Final Maturity Date (or the Term-Out Date if the Term-Out Option has been exercised) may be reborrowed in accordance with the provisions of this Agreement.
(d) Prepayments shall be made together with accrued interest and all other amounts then due under this Agreement through the date of prepayment.
(e) Any partial prepayment of the Term Advance of a Lender shall be applied against the Repayment Installments in chronological order.
Prepayment of Advances. Subject to the terms hereof, Trans Mountain may, at its option, without penalty or premium, prepay any or all Advances together with all accrued and unpaid interest thereon in whole at any time, or in part from time to time, provided that Xxxxxx receives at least ten (10) Business Days' notice of such prepayment.
Prepayment of Advances. (i) The Company shall have no right to prepay any principal amount of any Advances except in accordance with paragraph (ii) below.
(ii) The Company may, (A) upon at least three Business Days' irrevocable written notice to the Administrating Bank, in the case of any Eurodollar Rate Advance, and (B) upon at least one Business Day's irrevocable written notice to the Administrating Bank, in the case of any ABR Advance, in each case stating the proposed date and aggregate principal amount of the prepayment and the specific Borrowing(s) to be prepaid, and if such notice is given, the Company shall, prepay, in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and any amounts due pursuant to Section 4(c) hereof, the outstanding principal amount of all Advances comprising the same Borrowing, in each case as the Company shall designate in such notice; provided, however, that each partial prepayment shall be in an aggregate principal amount not less than $5,000,000, or, if less, the aggregate principal amount of all Advances then outstanding.
Prepayment of Advances. The principal amount of any Base Rate Advance under the Revolving Loan Commitment may be prepaid in full or in part at any time, without penalty or premium, upon not less than one (1) Business Days' prior written notice to the Administrative Agent; and the principal amount of any Eurodollar Advance under the Revolving Loan Commitment may be prepaid prior to the applicable Payment Date, without penalty or premium, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on demand, for any loss or out-of-pocket expense incurred by any of them in connection with such prepayment of Eurodollar Advances as set forth in Section 2.10 hereof. Each notice of prepayment given hereunder shall be irrevocable. Upon receipt of any notice of prepayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender's portion of the prepayment.
Prepayment of Advances. The principal amount of any Base Rate Advance may be prepaid in full or in part at any time, without penalty or premium and without regard to the Payment Date for such Advance, upon not less than one (1) Business Day's prior written notice to the Administrative Agent of such prepayment. The principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, provided that the relevant Borrower shall reimburse the Lenders and the Administrative Agent, on demand, for any loss or out-of-pocket expense incurred by any Lender or the Administrative Agent in connection with such prepayment, as set forth in Section 2.11.
Prepayment of Advances. 5.1 Subject to the terms hereof, Utopia may, at its option, without penalty or premium, prepay the Advances in whole at any time, or in part from time to time, provided that Agent receives at least 2 business days’ notice of such prepayment.
5.2 To the extent Parent has cash available for distribution to its members under its governing documents, Parent shall, or shall cause Utopia to, apply such cash to prepay outstanding Advances on or before the last business day of any calendar quarter but in any event prior to making any such distribution unless otherwise agreed by the Lenders to which such Advances are payable.
5.3 Any prepayment of any Advance shall be accompanied by all accrued interest thereon to such date. Each prepayment pursuant to this Section 5 shall be applied to any specific Advance in direct order of maturity of the Advances.
