{"component": "clause", "props": {"groups": [{"samples": [{"hash": "3cA8gehGAdU", "uri": "/contracts/3cA8gehGAdU#prepayments", "label": "Credit Agreement (Republic Services, Inc.)", "score": 23.3490753174, "published": true}, {"hash": "hQX4jpozLOc", "uri": "/contracts/hQX4jpozLOc#prepayments", "label": "Credit Agreement (Republic Services, Inc.)", "score": 22.3004798889, "published": true}, {"hash": "2Gemaov632g", "uri": "/contracts/2Gemaov632g#prepayments", "label": "Credit Agreement (Republic Services, Inc.)", "score": 21.3258037567, "published": true}], "size": 1060, "snippet_links": [{"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [27, 61]}, {"key": "at-any-time", "type": "clause", "offset": [63, 74]}, {"key": "from-time-to-time", "type": "clause", "offset": [78, 95]}, {"key": "provided-that", "type": "definition", "offset": [179, 192]}, {"key": "received-by", "type": "definition", "offset": [217, 228]}, {"key": "prior-to", "type": "definition", "offset": [303, 311]}, {"key": "date-of", "type": "clause", "offset": [316, 323]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [338, 359]}, {"key": "loans-shall", "type": "definition", "offset": [463, 474]}, {"key": "each-case", "type": "definition", "offset": [721, 730]}, {"key": "base-rate-loans", "type": "definition", "offset": [829, 844]}, {"key": "pursuant-to-section", "type": "definition", "offset": [845, 864]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [891, 917]}, {"key": "integral-multiple", "type": "definition", "offset": [950, 967]}, {"key": "loans-to", "type": "clause", "offset": [1111, 1119]}, {"key": "equal-to", "type": "definition", "offset": [1136, 1144]}, {"key": "the-interest", "type": "definition", "offset": [1346, 1358]}, {"key": "promptly-notify", "type": "clause", "offset": [1414, 1429]}, {"key": "each-lender", "type": "clause", "offset": [1430, 1441]}, {"key": "receipt-of", "type": "clause", "offset": [1449, 1459]}, {"key": "by-the-borrower", "type": "clause", "offset": [1579, 1594]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1596, 1614]}, {"key": "payment-amount", "type": "definition", "offset": [1644, 1658]}, {"key": "due-and-payable", "type": "definition", "offset": [1693, 1708]}, {"key": "loan-shall", "type": "definition", "offset": [1776, 1786]}, {"key": "interest-on-the", "type": "clause", "offset": [1817, 1832]}, {"key": "additional-amounts", "type": "clause", "offset": [1867, 1885]}, {"key": "the-committed-loans", "type": "clause", "offset": [1962, 1981]}, {"key": "the-lenders", "type": "clause", "offset": [1985, 1996]}, {"key": "in-accordance-with", "type": "definition", "offset": [1997, 2015]}, {"key": "applicable-percentages", "type": "definition", "offset": [2033, 2055]}, {"key": "swing-line-lender", "type": "clause", "offset": [2098, 2115]}, {"key": "with-a-copy-to", "type": "clause", "offset": [2117, 2131]}, {"key": "swing-line-loans", "type": "definition", "offset": [2212, 2228]}, {"key": "minimum-principal-amount", "type": "definition", "offset": [2477, 2501]}, {"key": "for-any-reason", "type": "clause", "offset": [2810, 2824]}, {"key": "total-outstandings", "type": "definition", "offset": [2829, 2847]}, {"key": "aggregate-commitments", "type": "definition", "offset": [2871, 2892]}, {"key": "in-effect", "type": "definition", "offset": [2898, 2907]}, {"key": "cash-collateralize", "type": "definition", "offset": [2960, 2978]}, {"key": "aggregate-amount", "type": "clause", "offset": [3005, 3021]}, {"key": "prepayment-in-full", "type": "clause", "offset": [3195, 3213]}, {"key": "the-loans", "type": "clause", "offset": [3217, 3226]}], "snippet": "(a) The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding; provided that if any Borrowing of Base Rate Loans pursuant to Section 2.03(c)(i) results in the aggregate principal amount of Base Rate Loans not being an integral multiple of $100,000, then the next prepayment of Base Rate Loans shall be in an amount that will cause the aggregate principal amount of all Base Rate Loans to be in an amount equal to an integral multiple of $100,000. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if Eurodollar Rate Loans are to be repaid, 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\u2019s Applicable Percentage of such prepayment. 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. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages.\n(b) The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 3:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000 or an integral multiple thereof. Each such notice shall specify the date and amount of such prepayment. 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.\n(c) If for any reason the Total Outstandings at any time exceed the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans the Total Outstandings exceed the Aggregate Commitments then in effect.", "hash": "eed8c1cca1f4007cf4276e176e70e2e7", "id": 1}, {"samples": [{"hash": "aetUUgfbe7l", "uri": "/contracts/aetUUgfbe7l#prepayments", "label": "Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.)", "score": 36.1184120178, "published": true}, {"hash": "itFx6f6aelb", "uri": "/contracts/itFx6f6aelb#prepayments", "label": "Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.)", "score": 29.7501716614, "published": true}, {"hash": "hEkeUMzfmlp", "uri": "/contracts/hEkeUMzfmlp#prepayments", "label": "Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.)", "score": 26.4757022858, "published": true}], "size": 168, "snippet_links": [{"key": "loans-shall", "type": "definition", "offset": [39, 50]}, {"key": "minimum-amount", "type": "clause", "offset": [70, 84]}, {"key": "integral-multiples", "type": "definition", "offset": [103, 121]}, {"key": "amount-of-revolving-loans", "type": "clause", "offset": [190, 215]}], "snippet": "Each voluntary prepayment of Revolving Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or, if less, the aggregate principal amount of Revolving Loans then outstanding).", "hash": "ad6b0d95c3b6bbd38291725a72ac7374", "id": 5}, {"samples": [{"hash": "gagAJmnn66S", "uri": "/contracts/gagAJmnn66S#prepayments", "label": "Limited Waiver and Amendment to Credit Agreement (Granite Construction Inc)", "score": 32.3456535339, "published": true}, {"hash": "80dcsosF3Oy", "uri": "/contracts/80dcsosF3Oy#prepayments", "label": "Credit Agreement (Granite Construction Inc)", "score": 32.2416152954, "published": true}, {"hash": "9siHutoYeJ2", "uri": "/contracts/9siHutoYeJ2#prepayments", "label": "Credit Agreement (Granite Construction Inc)", "score": 32.1512680054, "published": true}], "size": 193, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [4, 17]}, {"key": "notice-from-the-company", "type": "clause", "offset": [28, 51]}, {"key": "at-any-time", "type": "clause", "offset": [81, 92]}, {"key": "from-time-to-time", "type": "clause", "offset": [96, 113]}, {"key": "provided-that", "type": "definition", "offset": [218, 231]}, {"key": "received-by", "type": "definition", "offset": [323, 334]}, {"key": "prior-to", "type": "definition", "offset": [409, 417]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [444, 465]}, {"key": "base-rate-loans", "type": "definition", "offset": [503, 518]}, {"key": "loans-shall", "type": "definition", "offset": [559, 570]}, {"key": "each-case", "type": "definition", "offset": [809, 818]}, {"key": "loans-to", "type": "clause", "offset": [972, 980]}, {"key": "the-interest", "type": "definition", "offset": [1041, 1053]}, {"key": "promptly-notify", "type": "clause", "offset": [1109, 1124]}, {"key": "each-lender", "type": "clause", "offset": [1125, 1136]}, {"key": "based-on", "type": "definition", "offset": [1250, 1258]}, {"key": "in-respect-of", "type": "definition", "offset": [1295, 1308]}, {"key": "the-relevant", "type": "clause", "offset": [1309, 1321]}, {"key": "by-the-company", "type": "clause", "offset": [1357, 1371]}, {"key": "payment-amount", "type": "definition", "offset": [1422, 1436]}, {"key": "due-and-payable", "type": "definition", "offset": [1471, 1486]}, {"key": "notice-of-prepayment", "type": "clause", "offset": [1522, 1542]}, {"key": "be-conditioned", "type": "clause", "offset": [1586, 1600]}, {"key": "consummation-of", "type": "clause", "offset": [1610, 1625]}, {"key": "other-financing", "type": "clause", "offset": [1626, 1641]}, {"key": "reasonable-period", "type": "definition", "offset": [1682, 1699]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [1713, 1747]}, {"key": "loan-shall", "type": "definition", "offset": [1852, 1862]}, {"key": "interest-on-the", "type": "clause", "offset": [1893, 1908]}, {"key": "additional-amounts", "type": "clause", "offset": [1943, 1961]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1971, 1990]}, {"key": "subject-to-section", "type": "clause", "offset": [1997, 2015]}, {"key": "the-loans", "type": "clause", "offset": [2063, 2072]}, {"key": "the-lenders", "type": "clause", "offset": [2076, 2087]}, {"key": "in-accordance-with", "type": "definition", "offset": [2088, 2106]}, {"key": "applicable-percentages", "type": "definition", "offset": [2124, 2146]}, {"key": "outstanding-term-loans", "type": "clause", "offset": [2171, 2193]}, {"key": "repayment-installments", "type": "clause", "offset": [2261, 2283]}, {"key": "pro-rata-basis", "type": "definition", "offset": [2297, 2311]}, {"key": "swing-line-lender", "type": "clause", "offset": [2564, 2581]}, {"key": "with-a-copy-to", "type": "clause", "offset": [2583, 2597]}, {"key": "partial-prepayment", "type": "definition", "offset": [2919, 2937]}, {"key": "minimum-principal-amount", "type": "definition", "offset": [2952, 2976]}, {"key": "total-revolving-credit-outstandings", "type": "clause", "offset": [3320, 3355]}, {"key": "aggregate-revolving-credit-commitments", "type": "definition", "offset": [3380, 3418]}, {"key": "in-effect", "type": "definition", "offset": [3424, 3433]}, {"key": "after-receipt-of", "type": "clause", "offset": [3466, 3482]}, {"key": "cash-collateralize", "type": "definition", "offset": [3536, 3554]}, {"key": "aggregate-amount", "type": "clause", "offset": [3581, 3597]}, {"key": "outstanding-amount", "type": "clause", "offset": [3624, 3642]}, {"key": "payment-to", "type": "clause", "offset": [3662, 3672]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [3676, 3696]}, {"key": "aggregate-commitments", "type": "definition", "offset": [3727, 3748]}, {"key": "prepayment-in-full", "type": "clause", "offset": [3931, 3949]}, {"key": "revolving-credit-loans-and-swing-line-loans", "type": "clause", "offset": [3957, 4000]}, {"key": "initial-deposit", "type": "definition", "offset": [4181, 4196]}, {"key": "additional-cash-collateral", "type": "clause", "offset": [4235, 4261]}, {"key": "in-order-to", "type": "clause", "offset": [4274, 4285]}, {"key": "exchange-rate-fluctuations", "type": "clause", "offset": [4336, 4362]}, {"key": "all-letters-of-credit", "type": "clause", "offset": [4460, 4481]}, {"key": "fluctuations-in-exchange-rates", "type": "clause", "offset": [4519, 4549]}, {"key": "for-any-other-reason", "type": "clause", "offset": [4553, 4573]}, {"key": "equal-to", "type": "definition", "offset": [4585, 4593]}, {"key": "the-letter-of-credit-sublimit", "type": "clause", "offset": [4602, 4631]}], "snippet": "(a) The Borrowers may, upon notice from the Company to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Credit Loans or Term Loans in whole or in part without premium or penalty; provided that (i) such notice must be in a form reasonably acceptable to the Administrative Agent and be received by the Administrative Agent not later than 9:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal 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 Eurodollar Rate 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\u2019s Applicable Percentage of such prepayment (based on such Lender\u2019s Applicable Percentage in respect of the relevant Facility). If such notice is given by the Company, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any notice of prepayment given pursuant to this Section 2.05(a) may be conditioned upon the consummation of other financing, and may be rescinded or extended for a reasonable period upon written notice to the Administrative Agent if such other financing is not consummated on the anticipated date. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.16, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied to the principal repayment installments thereof on a pro rata basis. Subject to Section 2.16, such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities.\n(b) The Borrowers may, upon notice from the Company to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 10:00 a.m. on the date of the prepayment, and (ii) any such partial prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Company, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.\n(c) If the Administrative Agent notifies the Company at any time that the Total Revolving Credit Outstandings at such time exceed the aggregate Revolving Credit Commitments then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed the difference of 100% of the Aggregate Commitments then in effect less $250,000; provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Revolving Credit Loans and Swing Line Loans the Total Revolving Credit Outstandings exceed the aggregate Revolving Credit Commitments then in effect. The Administrative Agent may, at any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be provided in order to reasonably protect against the results of further exchange rate fluctuations.\n(d) If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Letters of Credit at such time exceeds (as a result of fluctuations in exchange rates or for any other reason) an amount equal to 105% of the Letter of Credit Sublimit then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall Cash Collateralize L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Letter of Credit Sublimit then in effect.", "hash": "e3575b75efe82081ad35ef40b979c344", "id": 4}, {"samples": [{"hash": "apbdJXFqptU", "uri": "/contracts/apbdJXFqptU#prepayments", "label": "Credit Agreement (Us West Inc)", "score": 18.0, "published": true}, {"hash": "9nKb00bFYnY", "uri": "/contracts/9nKb00bFYnY#prepayments", "label": "Credit Agreement (Us West Inc)", "score": 18.0, "published": true}, {"hash": "92x3RmVnyUZ", "uri": "/contracts/92x3RmVnyUZ#prepayments", "label": "Credit Agreement (U S West Inc /De/)", "score": 18.0, "published": true}], "size": 198, "snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [12, 23]}, {"key": "loans-to", "type": "clause", "offset": [43, 51]}, {"key": "domestic-business-day", "type": "definition", "offset": [102, 123]}, {"key": "notice-to-the-agent", "type": "clause", "offset": [126, 145]}, {"key": "the-group", "type": "clause", "offset": [154, 163]}, {"key": "domestic-loans", "type": "clause", "offset": [167, 181]}, {"key": "money-market-borrowing", "type": "definition", "offset": [190, 212]}, {"key": "the-base-rate", "type": "definition", "offset": [233, 246]}, {"key": "pursuant-to-section", "type": "definition", "offset": [247, 266]}, {"key": "business-days", "type": "definition", "offset": [304, 317]}, {"key": "each-case", "type": "definition", "offset": [382, 391]}, {"key": "at-any-time", "type": "clause", "offset": [401, 412]}, {"key": "from-time-to-time", "type": "clause", "offset": [417, 434]}, {"key": "the-principal-amount", "type": "definition", "offset": [526, 546]}, {"key": "accrued-interest", "type": "clause", "offset": [575, 591]}, {"key": "date-of", "type": "clause", "offset": [607, 614]}, {"key": "except-as-provided-in", "type": "clause", "offset": [631, 652]}, {"key": "money-market-loan", "type": "definition", "offset": [753, 770]}, {"key": "prior-to-the", "type": "clause", "offset": [771, 783]}, {"key": "notice-of-prepayment", "type": "clause", "offset": [824, 844]}, {"key": "the-agent-shall", "type": "clause", "offset": [871, 886]}, {"key": "promptly-notify", "type": "clause", "offset": [887, 902]}, {"key": "bank-of", "type": "definition", "offset": [908, 915]}, {"key": "ratable-share", "type": "clause", "offset": [956, 969]}, {"key": "by-the-borrower", "type": "clause", "offset": [1048, 1063]}, {"key": "the-loans", "type": "clause", "offset": [1121, 1130]}, {"key": "relevant-group", "type": "definition", "offset": [1168, 1182]}, {"key": "reduction-of-commitments", "type": "clause", "offset": [1220, 1244]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1274, 1292]}, {"key": "outstanding-loans", "type": "clause", "offset": [1365, 1382]}, {"key": "aggregate-outstanding-principal-amount", "type": "definition", "offset": [1449, 1487]}, {"key": "committed-loans", "type": "clause", "offset": [1503, 1518]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [1612, 1635]}, {"key": "aggregate-amount", "type": "clause", "offset": [1681, 1697]}, {"key": "the-commitments", "type": "clause", "offset": [1701, 1716]}, {"key": "in-accordance-with", "type": "definition", "offset": [1768, 1786]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [1802, 1830]}, {"key": "including-without-limitation", "type": "clause", "offset": [1832, 1860]}], "snippet": "(a) Subject in the case of any Euro-Dollar Loans to Section 2.13, the Borrower may, upon at least one Domestic Business Day's notice to the Agent, prepay the Group of Domestic Loans (or any Money Market Borrowing bearing interest at the Base Rate pursuant to Section 8.01(a)), or, upon three Euro-Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $25,000,000 or any larger multiple of $5,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.\n(b) Except as provided in subsection (a) above, the Borrower may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof.\n(c) Upon receipt of a notice of prepayment pursuant to this Section, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the Borrower. Each such prepayment shall be applied to prepay ratably the Loans of the several Banks included in the relevant Group or Borrowing.\n(d) On the date of any reduction of Commitments pursuant to Section 2.09(b), the Borrower shall repay such principal amount (together with accrued interest thereon) of outstanding Loans, if any, as may be necessary so that after such repayment (i) the aggregate outstanding principal amount of each Bank's Committed Loans does not exceed the amount of such Bank's Commitment as then reduced, and (ii) the aggregate unpaid principal amount of all outstanding Loans does not exceed the aggregate amount of the Commitments as then reduced. Any such prepayment shall be made in accordance with all applicable provisions of this Agreement (including without limitation subsections (a) (other than as to amount), (b) and (c) of this Section 2.11).", "hash": "1a6873a4f3aa9c2b75821ae468464e61", "id": 3}, {"samples": [{"hash": "zVvFZdtyww", "uri": "/contracts/zVvFZdtyww#prepayments", "label": "Credit Agreement (Five Point Holdings, LLC)", "score": 36.8083496094, "published": true}, {"hash": "aVR7nAl0v7h", "uri": "/contracts/aVR7nAl0v7h#prepayments", "label": "Credit Agreement (Five Point Holdings, LLC)", "score": 32.7987670898, "published": true}], "size": 224, "snippet_links": [{"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [23, 57]}, {"key": "at-any-time", "type": "clause", "offset": [59, 70]}, {"key": "from-time-to-time", "type": "clause", "offset": [74, 91]}, {"key": "provided-that", "type": "definition", "offset": [175, 188]}, {"key": "received-by", "type": "definition", "offset": [213, 224]}, {"key": "days-prior", "type": "definition", "offset": [295, 305]}, {"key": "date-of", "type": "clause", "offset": [313, 320]}, {"key": "principal-amount", "type": "definition", "offset": [371, 387]}, {"key": "loans-to", "type": "clause", "offset": [602, 610]}, {"key": "promptly-notify", "type": "clause", "offset": [653, 668]}, {"key": "each-lender", "type": "clause", "offset": [669, 680]}, {"key": "receipt-of", "type": "clause", "offset": [688, 698]}, {"key": "by-the-borrower", "type": "clause", "offset": [818, 833]}, {"key": "the-borrower-shall", "type": "clause", "offset": [835, 853]}, {"key": "payment-amount", "type": "definition", "offset": [883, 897]}, {"key": "due-and-payable", "type": "definition", "offset": [932, 947]}, {"key": "notice-of-prepayment", "type": "clause", "offset": [995, 1015]}, {"key": "other-credit-facilities", "type": "clause", "offset": [1084, 1107]}, {"key": "issuance-of-other-indebtedness", "type": "clause", "offset": [1148, 1178]}, {"key": "other-event", "type": "clause", "offset": [1205, 1216]}, {"key": "by-notice", "type": "clause", "offset": [1303, 1312]}, {"key": "prior-to-the", "type": "clause", "offset": [1347, 1359]}, {"key": "specified-date", "type": "definition", "offset": [1360, 1374]}, {"key": "interest-on-the", "type": "clause", "offset": [1506, 1521]}, {"key": "applicable-requirements", "type": "definition", "offset": [1565, 1588]}, {"key": "section-217", "type": "definition", "offset": [1617, 1629]}, {"key": "the-committed-loans", "type": "clause", "offset": [1672, 1691]}, {"key": "the-lenders", "type": "clause", "offset": [1695, 1706]}, {"key": "in-accordance-with", "type": "definition", "offset": [1707, 1725]}, {"key": "applicable-percentages", "type": "definition", "offset": [1743, 1765]}], "snippet": "The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 10:00 a.m. three (3) Business Days prior to any date of prepayment; and (ii) any prepayment shall be in a principal amount of $1,000,000 or a whole multiple of $250,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment of Committed Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender\u2019s Applicable Percentage of such prepayment. 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 a notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of some other event or condition, in which case such notice of prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such event does not occur or such condition is not satisfied. Any prepayment shall be accompanied by all accrued interest on the amount prepaid and shall be subject to any applicable requirements of Section 3.05. Subject to Section 2.17, each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages.", "hash": "91b69d7dac450d3caa339c2743ab2e15", "id": 2}, {"samples": [{"hash": "dIpfZ4zGFPA", "uri": "/contracts/dIpfZ4zGFPA#prepayments", "label": "Credit Agreement (Warner Bros. Discovery, Inc.)", "score": 35.1560592651, "published": true}, {"hash": "7Fwkymsf5RM", "uri": "/contracts/7Fwkymsf5RM#prepayments", "label": "Credit Agreement (Warner Bros. Discovery, Inc.)", "score": 34.5975341797, "published": true}, {"hash": "ePaOC9b2Su8", "uri": "/contracts/ePaOC9b2Su8#prepayments", "label": "Credit Agreement (Warner Bros. Discovery, Inc.)", "score": 34.48254776, "published": true}], "size": 90, "snippet_links": [{"key": "each-borrower", "type": "clause", "offset": [4, 17]}, {"key": "notice-from-the-company", "type": "clause", "offset": [28, 51]}, {"key": "the-administrative-agent", "type": "definition", "offset": [55, 79]}, {"key": "at-any-time", "type": "clause", "offset": [81, 92]}, {"key": "from-time-to-time", "type": "clause", "offset": [96, 113]}, {"key": "provided-that", "type": "definition", "offset": [197, 210]}, {"key": "electronic-platform", "type": "clause", "offset": [321, 340]}, {"key": "electronic-transmission-system", "type": "clause", "offset": [344, 374]}, {"key": "approved-by", "type": "clause", "offset": [387, 398]}, {"key": "signed-by", "type": "definition", "offset": [454, 463]}, {"key": "responsible-officer", "type": "definition", "offset": [466, 485]}, {"key": "received-by", "type": "definition", "offset": [491, 502]}, {"key": "prior-to", "type": "definition", "offset": [576, 584]}, {"key": "term-sofr-loans", "type": "definition", "offset": [611, 626]}, {"key": "in-the-case", "type": "clause", "offset": [662, 673]}, {"key": "prepayment-of-loans", "type": "clause", "offset": [677, 696]}, {"key": "special-notice", "type": "definition", "offset": [712, 726]}, {"key": "alternative-currency-loans", "type": "clause", "offset": [774, 800]}, {"key": "base-rate", "type": "definition", "offset": [838, 847]}, {"key": "loans-shall", "type": "definition", "offset": [898, 909]}, {"key": "alternative-currency-daily-rate-loans", "type": "clause", "offset": [1065, 1102]}, {"key": "minimum-principal-amount", "type": "definition", "offset": [1118, 1142]}, {"key": "each-case", "type": "definition", "offset": [1365, 1374]}, {"key": "loans-to", "type": "clause", "offset": [1535, 1543]}, {"key": "alternative-currency-term-rate-loans", "type": "clause", "offset": [1583, 1619]}, {"key": "the-interest", "type": "definition", "offset": [1639, 1651]}, {"key": "applicable-borrower", "type": "definition", "offset": [1822, 1841]}, {"key": "notice-to-the", "type": "clause", "offset": [1852, 1865]}, {"key": "applicable-swing-line-lender", "type": "definition", "offset": [1866, 1894]}, {"key": "with-a-copy-to", "type": "clause", "offset": [1896, 1910]}, {"key": "swing-line-loans", "type": "definition", "offset": [1991, 2007]}, {"key": "eastern-time", "type": "definition", "offset": [2193, 2205]}, {"key": "london-time", "type": "definition", "offset": [2273, 2284]}, {"key": "borrower-shall", "type": "clause", "offset": [2596, 2610]}, {"key": "payment-amount", "type": "definition", "offset": [2640, 2654]}, {"key": "due-and-payable", "type": "definition", "offset": [2689, 2704]}, {"key": "total-outstandings", "type": "definition", "offset": [2810, 2828]}, {"key": "equal-to", "type": "definition", "offset": [2859, 2867]}, {"key": "aggregate-commitments", "type": "definition", "offset": [2880, 2901]}, {"key": "in-effect", "type": "definition", "offset": [2907, 2916]}, {"key": "after-receipt-of", "type": "clause", "offset": [2949, 2965]}, {"key": "the-borrowers", "type": "definition", "offset": [2979, 2992]}, {"key": "the-company-shall", "type": "clause", "offset": [3029, 3046]}, {"key": "cash-collateralize", "type": "definition", "offset": [3047, 3065]}, {"key": "the-l", "type": "clause", "offset": [3066, 3071]}, {"key": "aggregate-amount", "type": "clause", "offset": [3092, 3108]}, {"key": "outstanding-amount", "type": "clause", "offset": [3135, 3153]}, {"key": "payment-to", "type": "clause", "offset": [3173, 3183]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [3187, 3207]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [3294, 3319]}, {"key": "pursuant-to", "type": "definition", "offset": [3405, 3416]}, {"key": "prepayment-in-full", "type": "clause", "offset": [3455, 3473]}, {"key": "the-committed-loans", "type": "clause", "offset": [3477, 3496]}, {"key": "initial-deposit", "type": "definition", "offset": [3644, 3659]}, {"key": "additional-cash-collateral", "type": "clause", "offset": [3698, 3724]}, {"key": "in-order-to", "type": "clause", "offset": [3737, 3748]}, {"key": "exchange-rate-fluctuations", "type": "clause", "offset": [3780, 3806]}], "snippet": "(a) Each Borrower may, upon notice from the Company to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be in a form reasonably acceptable to the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer, and received by the Administrative Agent not later than 11:00 a.m. (A) two Business Days prior to any date of prepayment of Term SOFR Loans, (B) three Business Days (or four, in the case of prepayment of Loans denominated in Special Notice Currencies) prior to any date of prepayment of Alternative Currency Loans and (C) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of Term SOFR Loans 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 Alternative Currency Loans (other than Alternative Currency Daily Rate Loans) shall be in a minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iv) any prepayment of Base Rate Committed Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment, the Type(s) of Committed Loans to be prepaid, and, if Term SOFR Loans or Alternative Currency Term Rate Loans are to be prepaid, the Interest Period(s) of such Loans, and any such notice may state that it is conditioned upon the occurrence or non-occurrence of any event specified therein (including the\n(b) The applicable Borrower may, upon notice to the applicable Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the applicable Swing Line Lender and the Administrative Agent not later than 1:00 p.m. Eastern time (in the case of Dollar-denominated Swing Line Loans) or 11:00 a.m. London time (in the case of Euro- denominated Swing Line Loans) on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000/\u20ac100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the applicable Borrower, the applicable Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.\n(c) If the Administrative Agent notifies the Company at any time that the Total Outstandings at such time exceed an amount equal to 105% of the Aggregate Commitments then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall prepay Committed Loans and/or the Company shall Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Aggregate Commitments then in effect; provided, however, that, subject to the provisions of Section 2.16(a), the Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Committed Loans, the Total Outstandings exceed the Aggregate Commitments then in effect. The Administrative Agent may, at any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be provided in order to protect against the results of exchange rate fluctuations.", "hash": "b01be7e1a3713b8d5ac44b5505191aa7", "id": 10}, {"samples": [{"hash": "1y2E961kJ7", "uri": "/contracts/1y2E961kJ7#prepayments", "label": "Credit Agreement (International Rectifier Corp /De/)", "score": 21.0, "published": true}], "size": 142, "snippet_links": [{"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [23, 57]}, {"key": "at-any-time", "type": "clause", "offset": [59, 70]}, {"key": "from-time-to-time", "type": "clause", "offset": [74, 91]}, {"key": "term-loans", "type": "clause", "offset": [111, 121]}, {"key": "provided-that", "type": "definition", "offset": [170, 183]}, {"key": "received-by", "type": "definition", "offset": [208, 219]}, {"key": "days-prior", "type": "definition", "offset": [289, 299]}, {"key": "date-of", "type": "clause", "offset": [307, 314]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [329, 350]}, {"key": "prior-to-the", "type": "clause", "offset": [376, 388]}, {"key": "base-rate-loans", "type": "definition", "offset": [411, 426]}, {"key": "loans-shall", "type": "definition", "offset": [466, 477]}, {"key": "principal-amount", "type": "definition", "offset": [486, 502]}, {"key": "each-case", "type": "definition", "offset": [710, 719]}, {"key": "loans-to", "type": "clause", "offset": [873, 881]}, {"key": "the-interest", "type": "definition", "offset": [942, 954]}, {"key": "promptly-notify", "type": "clause", "offset": [1010, 1025]}, {"key": "each-lender", "type": "clause", "offset": [1026, 1037]}, {"key": "receipt-of", "type": "clause", "offset": [1045, 1055]}, {"key": "ratable-portion", "type": "definition", "offset": [1109, 1124]}, {"key": "based-on", "type": "definition", "offset": [1145, 1153]}, {"key": "in-respect-of", "type": "definition", "offset": [1190, 1203]}, {"key": "the-facility", "type": "clause", "offset": [1204, 1216]}, {"key": "by-the-borrower", "type": "clause", "offset": [1243, 1258]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1260, 1278]}, {"key": "payment-amount", "type": "definition", "offset": [1308, 1322]}, {"key": "due-and-payable", "type": "definition", "offset": [1357, 1372]}, {"key": "loan-shall", "type": "definition", "offset": [1440, 1450]}, {"key": "interest-on-the", "type": "clause", "offset": [1481, 1496]}, {"key": "additional-amounts", "type": "clause", "offset": [1531, 1549]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1559, 1578]}, {"key": "the-lenders", "type": "clause", "offset": [1623, 1634]}, {"key": "in-accordance-with", "type": "definition", "offset": [1635, 1653]}, {"key": "applicable-percentages", "type": "definition", "offset": [1671, 1693]}], "snippet": "The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m.\n(1) four Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) one Business Day prior to the date of prepayment of Base Rate Loans; (B) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $500,000 in excess thereof; and (C) 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, if less, the entire principal 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 Eurodollar Rate 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\u2019s ratable portion of such prepayment (based on such Lender\u2019s Applicable Percentage in respect of the 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. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages.", "hash": "ec182661a4654eabe21c243dc199f17c", "id": 6}, {"samples": [{"hash": "kxkiLGhrZVU", "uri": "/contracts/kxkiLGhrZVU#prepayments", "label": "364 Day Revolving Credit Agreement (NRG Energy Inc)", "score": 18.0, "published": true}, {"hash": "hQMktDyq0dG", "uri": "/contracts/hQMktDyq0dG#prepayments", "label": "364 Day Revolving Credit Agreement (NRG Energy Inc)", "score": 18.0, "published": true}, {"hash": "2AzxMZA5mvx", "uri": "/contracts/2AzxMZA5mvx#prepayments", "label": "364 Day Revolving Credit Agreement (NRG Energy Inc)", "score": 18.0, "published": true}], "size": 139, "snippet_links": [{"key": "may-prepay", "type": "clause", "offset": [17, 27]}, {"key": "base-rate-loans", "type": "definition", "offset": [131, 146]}, {"key": "eurocurrency-loans", "type": "definition", "offset": [216, 234]}, {"key": "amount-required", "type": "clause", "offset": [319, 334]}, {"key": "a-borrowing", "type": "definition", "offset": [339, 350]}, {"key": "section-24", "type": "clause", "offset": [363, 374]}, {"key": "notice-to-the-agent", "type": "clause", "offset": [470, 489]}, {"key": "in-the-case", "type": "clause", "offset": [494, 505]}, {"key": "date-of", "type": "clause", "offset": [618, 625]}, {"key": "payment-of-the-principal-amount", "type": "clause", "offset": [672, 703]}, {"key": "accrued-interest", "type": "clause", "offset": [722, 738]}, {"key": "day-of", "type": "clause", "offset": [861, 867]}, {"key": "interest-period", "type": "definition", "offset": [872, 887]}, {"key": "applicable-to", "type": "clause", "offset": [893, 906]}, {"key": "the-agent-will", "type": "clause", "offset": [919, 933]}, {"key": "bank-of", "type": "definition", "offset": [955, 962]}, {"key": "prepayment-notice", "type": "definition", "offset": [972, 989]}, {"key": "amount-paid", "type": "clause", "offset": [1025, 1036]}, {"key": "termination-date", "type": "definition", "offset": [1059, 1075]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [1096, 1134]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [1187, 1213]}, {"key": "loans-shall", "type": "definition", "offset": [1229, 1240]}, {"key": "at-any-time", "type": "clause", "offset": [1241, 1252]}, {"key": "for-any-reason", "type": "clause", "offset": [1253, 1267]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [1275, 1307]}, {"key": "in-effect", "type": "definition", "offset": [1313, 1322]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1324, 1342]}, {"key": "notice-or-demand", "type": "clause", "offset": [1368, 1384]}, {"key": "ratable-benefit", "type": "clause", "offset": [1437, 1452]}, {"key": "the-banks", "type": "clause", "offset": [1456, 1465]}, {"key": "prepayment-of-the-loans", "type": "clause", "offset": [1471, 1494]}, {"key": "immediately-upon", "type": "clause", "offset": [1496, 1512]}, {"key": "notify-the", "type": "clause", "offset": [1581, 1591]}, {"key": "required-prepayment", "type": "clause", "offset": [1606, 1625]}, {"key": "interest-on-the-loans", "type": "clause", "offset": [1712, 1733]}, {"key": "subject-to-section", "type": "clause", "offset": [1755, 1773]}], "snippet": "(a) The Borrower may prepay without premium or penalty and in whole or in part (but, if in part, then: (i) if such Borrowing is of Base Rate Loans, in an amount not less than $1,000,000, (ii) if such Borrowing is of Eurocurrency Loans in an amount not less than $1,000,000, and (iii) in an amount such that the minimum amount required for a Borrowing pursuant to Section 2.4 hereof remains outstanding) any Borrowing of Eurocurrency Loans upon three Business Days prior notice to the Agent or, in the case of a Borrowing of Base Rate Loans, notice delivered to the Agent no later than 10:00 a.m. (Chicago time) on the date of prepayment, such prepayment to be made by the payment of the principal amount to be prepaid and accrued interest thereon to the date fixed for prepayment. In the case of Eurocurrency Loans, such prepayment may only be made on the last day of the Interest Period then applicable to such Loans. The Agent will promptly advise each Bank of any such prepayment notice it receives from the Borrower. Any amount paid or prepaid before the Termination Date may, subject to the terms and conditions of this Agreement, be borrowed, repaid and borrowed again.\n(b) If the aggregate principal amount of outstanding Loans shall at any time for any reason exceed the Revolving Credit Commitments then in effect, the Borrower shall, immediately and without notice or demand, pay the amount of such excess to the Agent for the ratable benefit of the Banks as a prepayment of the Loans. Immediately upon determining the need to make any such prepayment the Borrower shall notify the Agent of such required prepayment.\n(c) Each such prepayment shall be accompanied by a payment of all accrued and unpaid interest on the Loans prepaid and shall be subject to Section 2.11.", "hash": "cee9bf1ed009fe5a3e71355e1fad722e", "id": 7}, {"samples": [{"hash": "7ZMS5Lx8lsv", "uri": "/contracts/7ZMS5Lx8lsv#prepayments", "label": "Master Interfund Lending Agreement (Putnam High Yield Fund)", "score": 37.2272415161, "published": true}, {"hash": "b41a1c9Hh8W", "uri": "/contracts/b41a1c9Hh8W#prepayments", "label": "Master Interfund Lending Agreement (Putnam Focused International Equity Fund)", "score": 37.1478424072, "published": true}, {"hash": "a7GMBOkU2AT", "uri": "/contracts/a7GMBOkU2AT#prepayments", "label": "Master Interfund Lending Agreement (Putnam Convertible Securities Fund)", "score": 37.1478424072, "published": true}], "size": 113, "snippet_links": [{"key": "prior-to-the", "type": "clause", "offset": [41, 53]}, {"key": "due-and-payable", "type": "definition", "offset": [81, 96]}], "snippet": "Loans may be prepaid in whole or in part prior to the date on which such Loan is due and payable without premium or penalty.", "hash": "5554bf55f3f6fb8bcfa11147a8d363e9", "id": 8}, {"samples": [{"hash": "l6ZrEZQxES1", "uri": "/contracts/l6ZrEZQxES1#prepayments", "label": "Term Loan Agreement (STAG Industrial, Inc.)", "score": 30.5742645264, "published": true}, {"hash": "9EsvX1WsBPr", "uri": "/contracts/9EsvX1WsBPr#prepayments", "label": "Term Loan Agreement (STAG Industrial, Inc.)", "score": 30.5742645264, "published": true}, {"hash": "98ZOcOmr56B", "uri": "/contracts/98ZOcOmr56B#prepayments", "label": "Term Loan Agreement (STAG Industrial, Inc.)", "score": 30.5742645264, "published": true}], "size": 90, "snippet_links": [{"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [23, 57]}, {"key": "at-any-time", "type": "clause", "offset": [59, 70]}, {"key": "from-time-to-time", "type": "clause", "offset": [74, 91]}, {"key": "provided-that", "type": "definition", "offset": [148, 161]}, {"key": "received-by", "type": "definition", "offset": [186, 197]}, {"key": "prior-to", "type": "definition", "offset": [277, 285]}, {"key": "date-of", "type": "clause", "offset": [290, 297]}, {"key": "prepayment-of-libor-loans", "type": "clause", "offset": [298, 323]}, {"key": "base-rate", "type": "definition", "offset": [361, 370]}, {"key": "loans-shall", "type": "definition", "offset": [417, 428]}, {"key": "principal-amount", "type": "definition", "offset": [437, 453]}, {"key": "each-case", "type": "definition", "offset": [672, 681]}, {"key": "loans-to", "type": "clause", "offset": [845, 853]}, {"key": "if-libor", "type": "definition", "offset": [870, 878]}, {"key": "the-interest", "type": "definition", "offset": [904, 916]}, {"key": "promptly-notify", "type": "clause", "offset": [972, 987]}, {"key": "each-lender", "type": "clause", "offset": [988, 999]}, {"key": "receipt-of", "type": "clause", "offset": [1007, 1017]}, {"key": "by-the-borrower", "type": "clause", "offset": [1137, 1152]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1159, 1177]}, {"key": "payment-amount", "type": "definition", "offset": [1207, 1221]}, {"key": "due-and-payable", "type": "definition", "offset": [1256, 1271]}, {"key": "loan-shall", "type": "definition", "offset": [1329, 1339]}, {"key": "interest-on-the", "type": "clause", "offset": [1370, 1385]}, {"key": "additional-amounts", "type": "clause", "offset": [1420, 1438]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1448, 1467]}, {"key": "subject-to-section", "type": "clause", "offset": [1474, 1492]}, {"key": "the-committed-loans", "type": "clause", "offset": [1540, 1559]}, {"key": "the-lenders", "type": "clause", "offset": [1563, 1574]}, {"key": "in-accordance-with", "type": "definition", "offset": [1575, 1593]}, {"key": "applicable-percentages", "type": "definition", "offset": [1611, 1633]}], "snippet": "The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in whole or in part; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three (3) Business Days prior to any date of prepayment of LIBOR Loans and (B) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of LIBOR Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof; and (iii) any prepayment of Base Rate Committed Loans shall be in a principal amount of $100,000 or a whole multiple of $25,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if LIBOR 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\u2019s Applicable Percentage of such prepayment. If such notice is given by the Borrower, then the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.16, each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages.", "hash": "32583bb14951a9874511f760d36cedec", "id": 9}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRwcmVwYXltZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 19309, "children": [["mandatory-prepayments", "Mandatory Prepayments"], ["optional", "Optional"], ["mandatory", "Mandatory"], ["voluntary-prepayments", "Voluntary Prepayments"], ["optional-prepayments", "Optional Prepayments"]], "parents": [["the-commitments-and-credit-extensions", "The Commitments and Credit Extensions"], ["miscellaneous", "Miscellaneous"], ["general-terms", "General Terms"], ["the-credits", "The Credits"], ["payments", "Payments"]], "title": "Prepayments", "id": "prepayments", "related": [["repayments", "Repayments", "Repayments"], ["mandatory-prepayments", "Mandatory Prepayments", "Mandatory <strong>Prepayments</strong>"], ["repayments-and-prepayments", "Repayments and Prepayments", "Repayments and <strong>Prepayments</strong>"], ["voluntary-prepayments", "Voluntary Prepayments", "Voluntary <strong>Prepayments</strong>"], ["prepayments-etc", "Prepayments, Etc", "<strong>Prepayments</strong>, Etc"]], "related_snippets": [], "updated": "2026-04-09T05:26:19+00:00", "also_ask": ["What prepayment penalties or premiums should be included to protect lender interests?", "How can the clause be drafted to allow or restrict partial versus full prepayments?", "What are the key risks if the clause is silent on notice requirements for prepayment?", "How do prepayment provisions in this agreement compare to market standards or statutory limitations?", "What factors determine if a prepayment clause will be enforceable in court, especially regarding liquidated damages?"], "drafting_tip": "Specify prepayment conditions and notice requirements to prevent disputes; clarify any penalties or discounts to ensure transparency; define application of prepayments to avoid misallocation.", "explanation": "The Prepayments clause defines the terms under which a borrower can make payments on a loan before the scheduled due dates. Typically, this clause outlines whether prepayments are allowed, if there are any penalties or fees for doing so, and how such payments are applied to the outstanding balance or interest. For example, it may specify that prepayments reduce the principal amount or that only full, not partial, prepayments are permitted. The core function of this clause is to provide clarity and flexibility regarding early repayment, helping both parties understand their rights and obligations and potentially allowing the borrower to save on interest costs."}, "json": true, "cursor": ""}}