Prepayments of Loans. Subject to Section 2.11, the Borrower may (i) upon at least one Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Prepayments of Loans. Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.
Prepayments of Loans. Each Borrower, on behalf of each Related Fund, shall have the right at any time and from time to time, without premium or penalty, to prepay any Loan made to it for the account of such Related Fund in whole or in part. The applicable Borrower, on behalf of such Related Fund, shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder not later than, (i) in the case of a prepayment of LIBOR Loans, 11:00 a.m., New York City time, three (3) Business Days prior to date of prepayment, and (ii) in the case of a prepayment of ABR Loans or Swingline Loans, 12:00 Noon, New York City time, on the date of prepayment. Promptly following receipt of any such notice, the Administrative Agent shall, in the case of a prepayment of Revolving Loans, advise the Lenders of the contents thereof, and, in the case of a prepayment of Swingline Loans, advise the Swingline Lender of the contents thereof. Each such notice shall be irrevocable and shall specify, if such Borrower then has more than one Related Fund, the identity of such Related Fund, the prepayment date and the identity and principal amount of the Revolving Loans or Swingline Loans, or portion thereof, to be prepaid. Each partial prepayment of any Revolving Loans or Swingline Loans made by a Borrower, on behalf of a Related Fund shall be in an amount equal to either $500,000 or an integral multiple of $100,000 in excess thereof or, if less, with respect to Revolving Loans, the outstanding principal amount of the Revolving Loans of such Borrower, on behalf of such Related Fund. Prepayments shall be accompanied by accrued and unpaid interest to the extent required by Section 3.1.
Prepayments of Loans. The Borrower shall have the right to prepay Committed Loans at any time or from time to time; provided, that (a) the Borrower shall give the Administrative Agent notice of each such prepayment as provided in Section 5.5 and (b) prepayments of Eurodollar Loans shall be made together with all amounts payable pursuant to Section 6.5. The Borrower may not prepay Money Market Loans prior to the last day of the Interest Period applicable thereto without the consent of the Bank or Banks holding such Money Market Loans.
Prepayments of Loans. (a) The Borrower shall have no right to prepay any principal amount of any Loan other than as provided in subsection (b) below.
Prepayments of Loans. 30 2.8 Letter of Credit Sub-facility...................................................................................... 30 2.9 Letter of Credit Participation.................................................................................... 32 2.10 Absolute Obligation with respect to Letter of Credit Payments............................... 33 2.11 Notes.......................................................................................................................... 33 2.12 Extension of Commitment Termination Date........................................................... 33 2.13 Defaulting Lenders.................................................................................................... 34 3. PROCEEDS, PAYMENTS, CONVERSIONS, INTEREST, YIELD PROTECTION AND FEES............................................................................................................................. 37 3.1 Disbursement of the Proceeds of the Loans.............................................................. 37 3.2 Payments................................................................................................................... 38 3.3 Conversions; Other Matters...................................................................................... 39 3.4 Interest Rates and Payment Dates............................................................................. 40 3.5 Indemnification for Loss........................................................................................... 42 3.6 Reimbursement for Costs, Etc.................................................................................. 43
Prepayments of Loans. (a) In addition to the mandatory prepayments required by Section 2.3 hereof, the Company shall have the right, at its option, to prepay the Loans in whole at any time or in part from time to time, without premium or penalty, except as provided in this Section or subsections (a), (b) or (c) of Section 2.10 hereof. Each partial prepayment under this subsection shall be a principal amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof. Each prepayment under this subsection shall be applied to the prepayment of the aggregate unpaid principal amount of the Notes. Prepayments under this Agreement shall be subject to the following additional conditions:
Prepayments of Loans. (a) The Borrower shall have the right at any time and from time to time, without premium or penalty but subject to Section 3.7, to prepay any Loan in whole or in part. The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder not later than 2:00 p.m., New York City time, three Business Days prior to date of prepayment. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan or portion thereof to be prepaid. Each partial prepayment of any Loan shall be in a minimum amount of $500,000 or in an integral multiple of $100,000 in excess thereof.
Prepayments of Loans. Subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Term SOFR Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing. (b)
Prepayments of Loans. (x) pursuant to paragraph (a) of this Section shall be applied between the Classes of Loans as directed by the Borrower (and, in the case of a prepayment of Tranche B 2016 Term Loans, shall be applied to reduce the subsequent scheduled repayments of Tranche B 2016 Term Loans to be made pursuant to Section 2.04(a) as directed by the Borrower) and (y) pursuant to paragraph (b), (c) or (d) of this Section shall be applied ratably between the Classes of Loans (and, in the case of a prepayment of Tranche B 2016 Term Loans, shall be applied to reduce the subsequent scheduled repayments of Tranche B 2016 Term Loans to be made pursuant to Section 2.04(a) on a pro rata basis (in accordance with the principal amounts of such scheduled repayments)) (it being understood that, with respect to any Subsidiary Loan Party that has not guaranteed or granted Liens on, security interests in or pledges of its assets to secure the Tranche B Term Obligations, the Tranche B II Term Obligations, the Tranche B III Term Obligations, the Tranche B 2019 Term Obligations, the Tranche B 2016 Term Obligations, the Tranche B-II 2019 Term Obligations, the Tranche B-III 2019 Term Obligations, the Tranche B 2020 Term Obligations or the Obligations in respect of any other Class of Loans, nothing herein shall prohibit or limit the application of proceeds realized from the exercise of remedies under any Security Document in respect of such Subsidiary Loan Party solely to the Obligations in respect of the Tranche A Term Loans owed to the Tranche A Term Lenders and the Obligations in respect of any other Class of Loans owed to the Lenders of such Class to the extent such Class of Loans is guaranteed by, or secured by Liens on, security interests in or pledges of the applicable assets of, such Subsidiary Loan Party pursuant to the applicable Security Document).
