Common use of Prepayments Generally Clause in Contracts

Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the Borrower may at any time and from time to time prepay the Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. three (3) Business Days prior thereto, in the case of SOFR Loans, and no later than 12:00 P.M. one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Loan is prepaid on any day prior to the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.15; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, equity issuance, acquisition or other transaction, such notice of prepayment may be revoked if the applicable transaction is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof.

Appears in 2 contracts

Samples: Credit Agreement (TransMedics Group, Inc.), Credit Agreement (TransMedics Group, Inc.)

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Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the Borrower Borrowers may at any time and from time to time prepay the Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. 10:00 A.M., Pacific time, three (3) Business Days prior thereto, in the case of SOFR Eurodollar Loans, and no later than 12:00 P.M. 10:00 A.M., Pacific time, one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Eurodollar Loan is prepaid on any day prior to other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.152.21; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, equity issuance, acquisition or other transaction, such notice of prepayment may be revoked if the applicable transaction financing is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall 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.

Appears in 1 contract

Samples: Credit Agreement (Jazz Pharmaceuticals Inc)

Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the Borrower may at any time and from time to time prepay the Loans, in whole or in part, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. 10:00 A.M. three (3) Business Days prior thereto, in the case of SOFR Eurodollar Loans, and no later than 12:00 P.M. 10:00 A.M. one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Eurodollar Loan is prepaid on any day prior to other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.152.21; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, equity issuance, acquisition refinancing or other transactionacquisition, such notice of prepayment may be revoked if the applicable transaction financing or acquisition is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof.amount

Appears in 1 contract

Samples: Credit Agreement (Privia Health Group, Inc.)

Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. 11:00 A.M., Pacific time, three (3) Business Days prior thereto, in the case of SOFR Eurodollar Loans, and no later than 12:00 P.M. 11:00 A.M., Pacific time, one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Eurodollar Loan is prepaid on any day prior to other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.152.16; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, equity issuance, acquisition or other transaction, such notice of prepayment may be revoked if the applicable transaction financing is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Revolving Loans shall 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.

Appears in 1 contract

Samples: Credit Agreement (Demand Media Inc.)

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Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. 10:00 A.M., Pacific time, three (3) Business Days prior thereto, in the case of SOFR Eurodollar Loans, and no later than 12:00 P.M. 10:00 A.M., Pacific time, one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Eurodollar Loan is prepaid on any day prior to other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.152.18; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, equity issuance, acquisition refinancing or other in connection with the consummation of a specified transaction, such notice of prepayment may be revoked if the applicable financing or specified transaction is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Revolving Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof.

Appears in 1 contract

Samples: Credit Agreement (ShoreTel Inc)

Prepayments Generally. Subject to payment of the amounts described in Section 2.11(b), the The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 12:00 P.M. 10:00 A.M. three (3) Business Days prior thereto, in the case of SOFR Eurodollar Loans, and no later than 12:00 P.M. 10:00 A.M. one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a SOFR Eurodollar Loan is prepaid on any day prior to other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.152.17; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, equity issuance, acquisition or other transaction, such notice of prepayment may be revoked if the applicable transaction financing is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, unless such notice is revoked pursuant to this Section 2.5(a), the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Revolving Loans shall be in an aggregate principal amount of $1,000,000 500,000 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.

Appears in 1 contract

Samples: Credit Agreement (UiPath, Inc.)

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