Prepayments of Term Loan. In addition to any mandatory prepayments required under Section 5.16, the Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loan, in whole or in part, upon delivery to the Administrative Agent of a Notice of Prepayment not later than 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, specifying the date and amount of repayment, whether the repayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and if a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder shall be in an aggregate principal amount of at least $1,000,000 or any whole multiple of $250,000 in excess thereof and shall be applied to the outstanding principal installments of the Term Loan as directed by the Borrower. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Prepayment received after 2:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Term Loan Lenders of each Notice of Prepayment. Notwithstanding the foregoing, any Notice of Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any other incurrence of Indebtedness or a Change of Control transaction may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or Change of Control transaction and may be revoked by the Borrower in the event such refinancing or Change of Control transaction is not consummated.
Prepayments of Term Loan. (a) Borrower may prepay the principal of the Term Loan and/or any other Obligations in whole or in part, without premium or penalty, at any time and from time to time.
Prepayments of Term Loan. 31 SECTION 4.5 Term Notes......................................................33
Prepayments of Term Loan. Great Lakes may, upon at least five (5) Business Days prior written notice to each Agent, prepay the principal amount of the Term Loan, in whole or in part, in minimum increments of $500,000 and integrals of $100,000 in excess thereof, or, if less, the entire principal balance of the Term Loan. Each prepayment made pursuant to this Section 1.5(a)(ii) shall be accompanied by the payment of accrued interest to the date of such payment (together with the Prepayment Fee, if applicable) on the amount prepaid. Any prepayments of the Term Loan may not be reborrowed.
Prepayments of Term Loan. Amounts prepaid under the Term Loan pursuant to this Section 2.06(e) may not be reborrowed and will constitute a permanent reduction in the Term Loan Commitment. Each prepayment shall be accompanied by any amount required to be paid pursuant to Section 4.05 hereof.
Prepayments of Term Loan. (a) Borrower may, at its option, prepay the Term Loan at any time in whole, or from time to time in part, in amounts aggregating $1,000,000 or any greater integral multiple of $1,000,000 by paying the principal amount to be prepaid together with interest accrued and unpaid thereon to the date of prepayment, together with, in the case of Eurodollar Loans, all compensation payments pursuant to Section 3.11 if such prepayment is made on a date other than the last day of the Interest Period applicable thereto.
Prepayments of Term Loan. The unpaid principal balance of the Term Loan may be prepaid in whole or in part without penalty or premium at any time during the term of this Agreement upon three (3) days prior written notice by Borrower to Foothill. All partial prepayments of principal on the Term Loan will be applied to installments due on the Term Loan in the inverse order of their maturity."
Prepayments of Term Loan. Borrowers may not prepay any of the outstanding principal balance of the Term Loan prior to June 22, 2004. If Borrowers do prepay any of the outstanding principal balance of the Term Loan (whether at maturity, acceleration or otherwise) prior to June 22, 2004, Borrowers shall concurrently with each such prepayment pay to Agent for the benefit of Lenders an exit fee which shall be calculated and assessed on a pro rata basis, based on the ratio of the amount of the Term Loan actually prepaid prior to June 22, 2004 to the total Term Loan Commitment, multiplied by $4,500,000; in addition, Borrowers shall pay the amount of interest which (in Agent's reasonable estimation) would have accrued on the Term Loan from and after the date of the partial or complete prepayment through June 22,
Prepayments of Term Loan. 34 5.1 Optional Prepayment of Term Loan...............................................................34 5.2 Mandatory Application of Certain Proceeds......................................................34 5.3 Mandatory Application of Insurance Proceeds and Sale of Asset Proceeds.........................35
Prepayments of Term Loan. (i) Section 4.4(b)(ii) shall be amended by adding at the end of the first sentence thereof: “; provided, further, that such amount will be reduced to twenty five percent (25%) of the aggregate Net Cash Proceeds of such Equity Issuance if the Consolidated Leverage Ratio, as of the most recently ended Fiscal Quarter or Fiscal Year (as applicable) for which financial statements have been delivered pursuant to Section 8.1(a) or Section 8.1(b) (but without giving effect to such prepayment), was less than 4.0:1.0.”
