Prepayments and Commitment Reductions. (a) The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans and Revolving Credit Loans, as applicable, in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m., New York City time (or such other later time which is acceptable to the Administrative Agent), (A) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans or BBSY Loans, and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurocurrency Rate Loans denominated in Dollars shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (iii) any prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies other than A$ or any prepayment of BBSY Loans denominated in A$ shall be in a minimum principal amount of the Dollar Equivalent of $5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof; and (iv) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, the entire amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurocurrency Rate Loans or BBSY Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable Percentage in respect of the relevant Facility). If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein; provided that any such notice may be contingent upon the consummation of a refinancing and such notice may otherwise be extended or revoked, in each case, with the requirements of Section 3.05 to apply to any failure of the contingency to occur and any such extension or revocation. Any prepayment of a Eurocurrency Rate Loan or BBSY Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 2.05(d) and Section 3.05. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied to the scheduled repay...
Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. Promptly after notice from the LC Issuer, the Agent will notify each Lender of the contents of each request for issuance of a Facility LC hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each Lender, the Company and the relevant Borrower of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Company prompt notice of each change in the Floating Rate.
Prepayments and Commitment Reductions. 29 4.6 Commitment Fee; Administrative Agent's Fee; Other Fees................................................30 4.7 Inability to Determine Interest Rate..................................................................31 4.8 Pro Rata Treatment and Payments.......................................................................31 4.9 Application and Computation of Borrowing Base.........................................................32 4.10 Borrowing Base Compliance.............................................................................34 4.11 Illegality............................................................................................35 4.12
Prepayments and Commitment Reductions. (a) Payments of each Monthly True Up Amount and each Interim Payment in accordance with the terms of the Transaction Documents, to the extent resulting in a payment or prepayment of principal or interest hereunder, are expressly permitted hereunder, and are not subject to any prepayment premium or penalty hereunder.
Prepayments and Commitment Reductions. 13 2.7 Payments to the Bank.......................................14 2.8 Illegality.................................................14 2.9 Increased Costs and Reduction of Return....................15 2.10
Prepayments and Commitment Reductions. Consistent with the Existing Credit Agreement, except as set forth below. Upon any voluntary prepayment of the Incremental Term Loans, any mandatory prepayment of the Incremental Term Loans resulting from the incurrence of non-permitted indebtedness or any mandatory assignment of the Incremental Term Loans pursuant to any “yank-a-bank” provisions pertaining to non-consenting Lenders, Borrower shall pay a premium equal to (i) [***]% of the prepaid or assigned amount of the Incremental Term Loans, if such prepayment or assignment occurs on or prior to the [***] anniversary of the Closing Date and (ii) [***]% of the prepaid or assigned amount of the Incremental Term Loans, if such prepayment or assignment occurs after the [***] anniversary of the Closing Date; provided, that no prepayment premium shall be required in connection with a prepayment of the Incremental Term Loans in connection with a change of control, initial public offering or a Transformative Acquisition or a prepayment of the Incremental Term Loans made from internally generated operating cash flow.
Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion Notice and repayment notice received by it hereunder. The Agent will give each Lender prompt notice of each change in the Federal Funds Rate or the Base Rate.
Prepayments and Commitment Reductions. Section 4.1 In the event this Financing Agreement or the Revolving Line of Credit is terminated by the Agent (pursuant to Article X or Article XI of this Financing Agreement), the Required Lenders or the Borrowers or any one of them for any reason whatsoever, the Revolving Loans shall become due and payable on the effective date of such termination, and the Revolving Credit Commitments shall immediately terminate, notwithstanding any provision to the contrary in any Promissory Note or this Financing Agreement.
Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each notice of reduction of the Aggregate Facility A Commitment or Aggregate Facility B Commitment received by the Administrative Agent and will notify each Lender of a Facility of the contents of each Borrowing Notice, Conversion/Continuation Notice and repayment notice received by the Administrative Agent hereunder with respect to such Facility. The Administrative Agent will notify each Lender of a Facility of the interest rate applicable to each Eurodollar Rate Advance of such Facility promptly upon determination of such interest rate.
