Common use of Prepayments of Advances Clause in Contracts

Prepayments of Advances. (a) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in subsection (b) below. (b) The Borrower may, upon notice given to the Administrative Agent at least two Business Days prior to the proposed prepayment, in the case of any Eurodollar Rate Advance, and on the date of the proposed prepayment, in the case of any Base Rate Advance, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Advances comprising the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the amount prepaid and, in the case of any Eurodollar Rate Advance, any amount payable pursuant to Section 8.04(b); provided, however, that (i) each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof and (ii) in the case of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b) on the date of such prepayment.

Prepayments of Advances. (a) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in subsection (b) below. (b) The Borrower may, upon notice given to the Administrative Agent at least two Business Days prior to the proposed date of such prepayment, in the case of any Eurodollar Rate AdvanceAdvances, and not later than 1:00 P.M. (New York City time) on the date of the proposed such prepayment, in the case of any Base Rate AdvanceAdvances, to the Agent (which shall promptly notify each of the Lenders) stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and, in the case of any Eurodollar Rate Advance, any amount payable pursuant to Section 8.04(b)prepaid; provided, however, that (ix) each partial prepayment shall be in an aggregate principal amount not less than of $5,000,000 and in 1,000,000 or an integral multiples multiple of $1,000,000 in excess thereof thereof, (y) each partial prepayment of Swing Line Advances shall in an aggregate principal amount of not less than $1,000,000 and (iiz) in the case event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b) on the date of such prepayment8.04(c).

Prepayments of Advances. (a) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in subsection (b) below. (b) The Borrower may, upon on notice given to not later than 12:00 noon (New York City time) on the Administrative Agent at least two second Business Days Day prior to the proposed prepayment, in the case of any Eurodollar Rate Advance, and on the date of the proposed prepayment, prepayment of Advances (in the case of any Eurodollar Rate Advances) or given not later than 12:00 noon (New York City time) on the Business Day of the proposed prepayment of Advances (in the case of Base Rate AdvanceAdvances), stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay prepay, without penalty or premium, the outstanding principal amounts of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and, in the case of any Eurodollar Rate Advance, any amount payable pursuant to Section 8.04(b)prepaid; provided, however, that (ix) each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and in or integral multiples of $1,000,000 in excess thereof and (iiy) in the case of any such prepayment of a Eurodollar Rate AdvanceAdvance on a day other than the last day of an Interest Period therefor, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b) on 8.04(c). The Borrower shall have no right to prepay the date Advances except as provided in this Section 2.11 (or as required pursuant to the other provisions of such prepaymentthis Agreement).

Prepayments of Advances. (a) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in subsection (b) below. (b) The Borrower may, upon notice given to the Administrative Agent at least two Business Days Days’ prior to the proposed date of such prepayment, in the case of any Eurodollar Rate AdvanceAdvances, and not later than 11:00 A.M. (New York City time) on the date of the proposed such prepayment, in the case of any Base Rate AdvanceAdvances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts amount of the Advances comprising part of the same Borrowing made to the Borrower in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and, in the case of any Eurodollar Rate Advance, any amount payable pursuant to Section 8.04(b)prepaid; provided, however, that (ix) each partial prepayment of Advances shall be in an aggregate principal amount of not less than $5,000,000 and in 10,000,000 or an integral multiples multiple of $1,000,000 in excess thereof thereof, and (iiy) in the case event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b) on 8.04(c). Voluntary prepayments shall be applied to scheduled repayments of the date of such prepaymentAdvances as directed by the Borrower. Amounts repaid or prepaid pursuant to this Section 2.09 may not be reborrowed.

Prepayments of Advances. (a) The Borrower shall have no right to prepay any principal amount of any Advances other than as provided in subsection (b) below. (b) The Borrower maymay upon notice, upon notice given to the Administrative Agent at least two Business Days Days’ prior to the proposed date of such prepayment, in the case of any Eurodollar Rate AdvanceTerm SOFR Advances, and not later than 12:00 P.M. (New York City time) on the date of the proposed such prepayment, in the case of any Base Rate AdvanceAdvances or Daily Simple SOFR Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and, in the case of any Eurodollar Rate Advance, any amount payable pursuant to Section 8.04(b)prepaid; provided, however, that that (i) each partial prepayment of Advances shall be in an aggregate principal amount of not less than $5,000,000 and in integral multiples 10,000,000 or a whole multiple of $1,000,000 in excess thereof and thereof, (ii) [reserved], (iii) in the case event of any such prepayment of a Eurodollar Rate SOFR Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(b8.04(c), and (iv) on each partial prepayment of Advances shall be applied to the date payments of such prepaymentAdvances and the installments thereof as the Company may direct.