Prepayment of the Loans. Upon not less than ten (10) days’ prior written notice to the Administrative Agent, the Borrower may prepay the Loans, in whole or in part, in minimum increments of One Million Dollars ($1,000,000) except as otherwise provided by Section 2.06(c), subject to the following:
(i) any such prepayment shall be accompanied by the amount of interest theretofore accrued but unpaid in respect of the principal amount so prepaid, in accordance with Section 2.08;
(ii) except as provided below, any such prepayment (except as a result of a Casualty Event or Taking or any prepayment made pursuant to Section 10.03(j) or Section 14.25)) shall be accompanied by a prepayment premium equal to the following percentage of the principal amount so prepaid: If the prepayment occurs during the following period: The percentage is as follows: During the period from the Closing Date to and including the date which occurs six (6) months after the Closing Date 1.00% During the period from the day immediately following the date which occurs six (6) months after the Closing Date to and including the date which occurs twelve (12) months after the Closing Date 0.50% Thereafter 0.00% and
(iii) such prepayment shall be accompanied by any amounts payable to a Lender pursuant to Section 5.05 as a result of such prepayment while a Eurodollar Loan is in effect, in accordance with Section 2.08. If the Loans are paid or prepaid in whole or in part for any reason (including acceleration of the Loans or because the Loans automatically become due and payable in accordance with Section 12.02(a)), other than by a Casualty Event or Taking or any prepayment made pursuant to Section 10.03(j) or Section 14.25) at any time, the Borrower shall pay to the Administrative Agent (on behalf of the Lenders) the amount(s) described in clauses (i), (ii), as applicable, and (iii), of the immediately preceding sentence. Notwithstanding the foregoing, no prepayment premium pursuant to clause (ii) of Section 2.06(a) shall be payable in connection with any prepayment of principal made other than pursuant to Section 2.09(a), if such prepayment, when aggregated with all past prepayments made other than pursuant to Section 2.09(a), would not exceed $106,250,000.
Prepayment of the Loans. The Borrower may prepay the Loan and all accrued and unpaid interest and other obligations owing by the Borrower to the Lender under this Agreement, in full, or in part, prior to the Maturity Date on 10 business days written notice to the Lender, if:
(a) the prepayment of the Loan will not cause the Borrower to be in default of any term of the Senior Indebtedness or security given to secure Senior Indebtedness; and
(b) the Borrower pays to the Lender, if the prepayment occurs prior to the expiry of nine months from the Original Closing Date following a Change of Control that constitutes an Event of Default under paragraph 8.1(f), one-half of the Make Whole Premium or, otherwise, the Borrower pays to the Lender the Make Whole Premium. Partial prepayments may only be made in aggregate amounts equal to the lesser of $500,000 and the amount of the Loan, accrued and unpaid interest and other obligations due to the Lender.
Prepayment of the Loans. (a) The Borrower shall have the right at any time and from time to time to prepay the Loans in whole or in part; provided that any prepayment made on a day other than on the last day of an Interest Period shall be subject to Section 2.14.
(b) Partial prepayments of Loans shall be in an aggregate principal amount of U.S.$5,000,000 or a whole multiple of U.S.$1,000,000 in excess thereof or, if less, in the remaining aggregate principal amount of the Loans then outstanding. Except as contemplated in Section 2.8(a), the Borrower shall not have the right to voluntarily prepay the Loans, whether in whole or in part.
(c) The Borrower shall notify the Administrative Agent by e-mail in portable document format (.pdf), facsimile (with confirmation of transmission) or hand delivery of any optional prepayment hereunder not later than 11:00 a.m. (New York City time) three Business Days prior to the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Loan or portion thereof to be prepaid and the amount of accrued interest thereon to the date of the prepayment. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof.
(d) Any prepayment of the Loans pursuant to Sections 2.8(a) shall be applied to the unpaid installments of the Loans, in inverse order of maturity.
Prepayment of the Loans. (a) The Borrowers may prepay the principal of the Revolving Loans and Swingline Loans, in whole or in part, at any time and from time to time.
(b) Immediately upon receipt by any Obligated Party of proceeds of any sale of any Facility Collateral, the Borrowers shall cause such Obligated Party to deliver such proceeds to the Administrative Agent, or deposit such proceeds in a deposit account subject to a Deposit Account Control Agreement. During a Dominion Period, all of such proceeds shall be applied, without premium or penalty, as a payment to the Loans as provided in Section 2.16.
(c) During a Dominion Period, or at any time while any Default is continuing, all cash amounts received by any Obligated Party from any other Person as a result of or in connection with any dividend, distribution, loan, or other advance (other than a loan or advance by an Obligated Party to a Borrower and excluding the proceeds of the Revolving Loans) to such Obligated Party shall be paid to the Administrative Agent, promptly upon such receipt, for application to the Revolving Loans in accordance with Section 2.16.
Prepayment of the Loans. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, with irrevocable prior written notice to the Lender substantially in the form attached as Exhibit B (a “Prepayment Notice”) given not later than 12:00 p.m., Japan Standard Time, at least ten Business Days before the proposed prepayment date, specifying the date and amount of the prepayment. If a Prepayment Notice is given, the Borrower shall prepay the amount specified in such Prepayment Notice on the prepayment date set forth therein. A partial prepayment of the Loans must be in a minimum amount of $100,000 or any whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount of the Loans then outstanding). A Prepayment Notice received after 12:00 p.m., Japan Standard Time, is deemed received on the next Business Day. Subject to the terms and conditions hereof, amounts prepaid under this Section 2.6 may be re-borrowed.
Prepayment of the Loans. Borrower, from time to time after the Closing Date and without premium or penalty, may prepay the Note, in whole or in part. Any principal prepaid pursuant to this section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such prepayment; provided, however, that Borrower will bear responsibility for the resulting Swap Settlement Payables associated with any Swap Agreements that must be terminated as a result of such prepayment. With respect to any Swap Agreements that need not be terminated as the result of such prepayment and which Borrower elects to maintain in effect, notwithstanding the prepayment of the Note, so long as any Swap Agreements remain outstanding, the Security Documents shall remain in force and effect (and shall be promptly amended by Borrower and Lender to the extent necessary) to secure Borrower's obligation to pay any Swap Settlement Payables associated with such Swap Agreements. Similarly, in the event of any such prepayment after which any Swap Agreement remains outstanding, Borrower shall be entitled to receive and retain any Swap Settlement Proceeds associated with the relevant Swap Agreement, subject to the terms of any applicable Security Documents.
Prepayment of the Loans. Borrower may prepay the Advancing Note in whole or in part at any time, without premium or penalty, other than as provided below. Any principal prepaid pursuant to this Section shall be in addition to, and not in lieu of, all payments otherwise required to be
Prepayment of the Loans. Borrower shall have the right to prepay the principal amount of the 1993 Term Loan, the 1993 Revolver/Term Loan or the 1995 Loan at any time as provided herein. Partial prepayments shall be in the amount of $10,000 or integral multiples thereof. Each prepayment shall be without premium or penalty. All prepayments shall first be applied to any and all accrued interest and unpaid fees and then to unpaid principal, in the inverse order of approaching maturities.
Prepayment of the Loans. Borrower shall prepay the Loans from the proceeds of insurance as set forth in Section 2.2. Except for prepayments of the Loans with Annual Surplus Cash Flow Payments pursuant to Section 1.4(B) or payments from the proceeds of insurance pursuant to Section 2.2, Borrower may not prepay the Loans in whole or in part prior to the Prepayment Date. At any time on and after the Prepayment Date, Borrower may prepay the Loans in whole, but not in part, together with any Fixed Rate Brokerage Fees, if applicable. Any prepayments made from Annual Surplus Cash Flow Payments pursuant to Section 1.4(B) or from the proceeds of insurance pursuant to Section 2.2 shall be permitted and, to the extent applied to the principal portion of the Loans, shall constitute prepayments subject to the Fixed Rate Breakage Fee.
Prepayment of the Loans. The Borrower shall have made a voluntary prepayment of the Loans in an aggregate principal amount equal to the net proceeds from the issuance of Senior Notes (after fees and expenses) and at a price equal to 101% of the principal amount of the Loans being prepaid (the “Prepayment”). The Prepayment shall have been applied to the scheduled principal installments of the Loans on a pro rata basis. For the avoidance of doubt, the Prepayment, as a voluntary prepayment, is not subject to rejection by the Lenders pursuant to Section 2.03(b)(vii) of the Credit Agreement.
