Common use of Prepayment Procedures Clause in Contracts

Prepayment Procedures. Whenever any Borrower desires or is required to prepay any part of its Loans, the Parent shall provide not less than one Business Day’s prior written notice to the Administrative Agent at its Office setting forth the following information: (a) the identity of the Relevant Borrower; (b) the type of Loans to be prepaid and the identity of the portions of such Loans to be prepaid; and (c) the date, which shall be a Business Day, on which the proposed prepayment is to be made.

Prepayment Procedures. Whenever any Borrower desires or is required to prepay any part of its Loans, the Parent shall provide not less than one Business Day’s prior written notice to the Administrative Agent at its Office setting forth the following information: (a) the identity of the Relevant Borrower; (b) the type of Loans to be prepaid and the identity of the portions of such Loans to be prepaid; andand #89365364v21 (c) the date, which shall be a Business Day, on which the proposed prepayment is to be made.