Common use of Prepayments and Commitment Reductions Clause in Contracts

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 repayment of installments thereof as the Borrower shall direct, and each prepayment of Loans shall be paid to the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities.

Prepayments and Commitment Reductions. (a) The Borrower may, upon notice to and the Administrative Agent, Co-Borrower may at any time or and from time to time voluntarily prepay Term Loans and Revolving Credit the Loans, as applicable, in whole or in part part, without premium or penalty; provided that (i) such , upon irrevocable notice must be received by delivered to the Administrative Agent not no later than 11:00 a.m.A.M., New York City time (or such other later time which is acceptable to the Administrative Agent)time, (A) three Business Days prior to any date thereto, in the case of prepayment of Eurocurrency Rate Loans or BBSY Eurodollar Loans, no later than 11:00 A.M., New York City time, one Business Day prior thereto, in the case of ABR Loans and (B) no later than the time set forth thereof for the relevant Foreign Currency 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 orAdministrative Schedule, in each casethe case of Foreign Currency Loans, the entire amount thereof then outstanding. Each such which notice shall specify the date and amount of such prepayment and prepayment, the Type(s) of Loans to be prepaid and whether the prepayment is of Eurodollar Loans, ABR Loans or Foreign Currency Loans (and, if Eurocurrency Rate Loans or BBSY with respect to Foreign Currency Loans, the Foreign Currency in which such Loans are to be prepaiddenominated); provided, that if a Eurodollar Loan or a Foreign Currency Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Interest Period(s) Borrower or the Co-Borrower, as applicable, shall also pay any amounts owing pursuant to Section 2.20. Upon receipt of any such Loans. The notice the Administrative Agent will shall promptly notify each relevant 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)thereof. If any such notice is given by the Borrowergiven, 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 , together with (except in the case of Revolving Loans that any such notice may be contingent upon the consummation of a refinancing are ABR Loans 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 Swingline Loans) accrued interest to such date on the amount prepaid, together with any additional amounts required pursuant to Section 2.05(d. Partial prepayments of Term Loans and Revolving Loans (other than Foreign Currency Loans) and Section 3.05shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. Partial prepayments of Foreign Currency Loans shall be in a minimum amount as set forth for the relevant Foreign Currency on the Administrative Schedule. Each prepayment of the outstanding Term Loans made pursuant to this Section 2.05(a2.11(a) shall be applied to against the remaining scheduled repayment installments of installments thereof as the Borrower shall direct, and each prepayment of Loans shall be paid to the Lenders in accordance with their respective Applicable Percentages principal due in respect of each the Term Loans in the manner specified by the Borrower or, in the absence of any such specification on or prior to the date of the relevant Facilitiesoptional prepayment, in direct order of maturity.

Prepayments and Commitment Reductions. (a) The Borrower may, upon notice to and the Administrative Agent, Co-Borrower may at any time or and from time to time voluntarily prepay Term Loans and Revolving Credit the Loans, as applicable, in whole or in part part, without premium or penalty; provided that (i) such , upon irrevocable notice must be received by delivered to the Administrative Agent not no later than 11:00 a.m.A.M., New York City time (or such other later time which is acceptable to the Administrative Agent)time, (A) three Business Days prior to any date thereto, in the case of prepayment of Eurocurrency Rate Loans or BBSY Eurodollar Loans, no later than 11:00 A.M., New York City time, one Business Day prior thereto, in the case of ABR Loans and (B) no later than the time set forth thereof for the relevant Foreign Currency 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 orAdministrative Schedule, in each casethe case of Foreign Currency Loans, the entire amount thereof then outstanding. Each such which notice shall specify the date and amount of such prepayment and prepayment, the Type(s) of Loans to be prepaid and whether the prepayment is of Eurodollar Loans, ABR Loans or Foreign Currency Loans (and, if Eurocurrency Rate Loans or BBSY with respect to Foreign Currency Loans, the Foreign Currency in which such Loans are to be prepaiddenominated); provided, that if a Eurodollar Loan or a Foreign Currency Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Interest Period(s) Borrower or the Co-Borrower, as applicable, shall also pay any amounts owing pursuant to Section 2.20. Upon receipt of any such Loans. The notice the Administrative Agent will shall promptly notify each relevant 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)thereof. If any such notice is given by the Borrowergiven, 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 , together with (except in the case of Revolving Loans that any such notice may be contingent upon the consummation of a refinancing are ABR Loans 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 Swingline Loans) accrued interest to such date on the amount prepaid, together with any additional amounts required pursuant to Section 2.05(d) and Section 3.05. Each prepayment Partial prepayments of the outstanding Term Loans pursuant to this Section 2.05(aand Revolving Loans (other than Foreign Currency Loans) shall be applied to the scheduled repayment in an aggregate principal amount of installments thereof as the Borrower shall direct, and each prepayment $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans shall be paid to the Lenders in accordance with their respective Applicable Percentages an aggregate principal amount of $100,000 or a whole multiple thereof. Partial prepayments of Foreign Currency Loans shall be in respect of each of a minimum amount as set forth for the relevant FacilitiesForeign Currency on the Administrative Schedule.