Common use of Principal and Interest Payments; Prepayments Clause in Contracts

Principal and Interest Payments; Prepayments. (a) The unpaid aggregate principal amount of the Advances (together with accrued interest thereon) shall be paid in full in cash to the Administrative Agent for the account of each Lender on the Maturity Date and any and all cash in the Accounts shall be applied to the satisfaction of the Secured Obligations on the Maturity Date; provided that $200,000,000 of the aggregate principal amount of the Advances shall be paid in cash to the Administrative Agent for the account of the Lenders on or prior to January 31, 2017 and the Compliance Condition shall be met after giving effect to the Permitted Transaction. (b) Accrued interest on the Advances shall be payable in cash in arrears on each Interest Payment Date; provided that (i) interest accrued pursuant to the second sentence of Section 3.01(b) shall be payable on demand and (ii) in the event of any repayment or prepayment of any Advances, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. (c) Subject to the requirements of this Section 4.03(c), the Company shall have the right from time to time to prepay outstanding Advances in whole or in part (i) on any Business Day on or after the date that JPMorgan Chase Bank, National Association ceases to act as Administrative Agent, (ii) upon and after the occurrence of a Repayment Event, (iii) in connection with a Coverage Event Cure, (iv) subject to the payment of the applicable premium described in Section 4.03(d), on the last day of any Calculation Period; provided that, the Company may not prepay any outstanding Advances pursuant to this Section 4.03(c)(iv) (other than the amount referenced in the proviso to Section 4.03(a)) prior to November 1, 2018 or (v) if the Company elects to terminate or reduce the Financing Commitments of a Lender as a result of such Lender’s default in its obligations hereunder and such default is continuing and has continued for at least three Business Days. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile with a copy to the Collateral Agent and the Collateral Administrator) of any prepayment hereunder not later than 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment (which shall be the last day of a Calculation Period). Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of the Advances to be prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Except in connection with a Coverage Event Cure, each partial prepayment of outstanding Advances shall be in an amount not less than $25,000,000. Prepayments shall be accompanied by accrued and unpaid interest. (d) Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances outstanding hereunder (i) pursuant to Section 4.03(c)(i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) pursuant to Section 4.03(c)(iii) if the Advances are prepaid in connection with a Coverage Event Cure, (iii) pursuant to Section 4.03(c)(ii) if the Advances are prepaid in connection with a Repayment Event or (iv) in connection with a prepayment pursuant to Section 4.03(c)(v). Each prepayment pursuant to Section 4.03(c)(iv) (other than the prepayment referenced in the proviso to Section 4.03(a)), whether in full or in part, shall be accompanied by a premium equal to 1.0% of the principal amount of such prepayment. Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances at any time after April 1, 2019. (e) Once paid, all fees or any part thereof payable hereunder shall not be refundable under any circumstances.

Principal and Interest Payments; Prepayments. (a) The unpaid aggregate principal amount of the Advances (together with accrued interest thereon) shall be paid in full in cash to the Administrative Agent for the account of each Lender on the Maturity Date and any and all cash in the Accounts shall be applied to the satisfaction of the Secured Obligations on the Maturity Date; provided that $200,000,000 of the aggregate principal amount of the Advances shall be paid in cash to the Administrative Agent for the account of the Lenders on or prior to January 31, 2017 and the Compliance Condition shall be met after giving effect to the Permitted Transaction. (b) Accrued interest on the Advances shall be payable in cash in arrears on each Interest Payment Date; provided that (i) interest accrued pursuant to the second sentence of Section 3.01(b) shall be payable on demand and (ii) in the event of any repayment or prepayment of any Advances, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. (c) Subject to the requirements of this Section 4.03(c), the Company shall have the right from time to time to prepay outstanding Advances in whole or in part (i) on any Business Day on or after the date that JPMorgan Chase Bank, National Association ceases to act as Administrative Agent, (ii) upon and after the occurrence of a Repayment Event, or (iii) in connection with a Coverage Event Cure, (iv) subject to the payment of the applicable premium described in Section 4.03(d), on the last day of any Calculation Period; provided that, the Company may not prepay any outstanding Advances pursuant to this Section 4.03(c)(iv) (other than the amount referenced in the proviso to Section 4.03(a)4.03(c)(iii) prior to November 1, 2018 or (v) if the Company elects to terminate or reduce 30-month anniversary of the Financing Commitments of a Lender as a result of such Lender’s default in its obligations hereunder and such default is continuing and has continued for at least three Business Daysdate hereof. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile with a copy to the Collateral Agent and the Collateral Administrator) of any prepayment hereunder not later than 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment (which shall be the last day of a Calculation Period). Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of the Advances to be prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Except in connection with a Coverage Event Cure, each partial prepayment of outstanding Advances shall be in an amount not less than $25,000,000. Prepayments shall be accompanied by accrued and unpaid interest. (d) Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances outstanding hereunder (i) pursuant to Section 4.03(c)(i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) Each commitment reduction pursuant to Section 4.03(c)(iii) if the Advances are prepaid in connection with a Coverage Event Cure, or Section 4.06 (iii) pursuant to Section 4.03(c)(ii) if the Advances are prepaid in connection with a Repayment Event or (iv) in connection with a prepayment pursuant to Section 4.03(c)(v). Each prepayment pursuant to Section 4.03(c)(iv) (other than the prepayment referenced in the proviso to Section 4.03(a)), whether in full or in part, ) shall be accompanied by a premium equal to 1.01% of the principal amount of such prepaymentcommitment reduction. Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company terminates or reduces the Financing Commitments or prepays Advances outstanding hereunder, in each case as expressly permitted hereunder, (i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) if the Company elects to terminate or reduce the Financing Commitments as a result of a Lender’s default in its obligations hereunder, (iii) the Advances are prepaid in connection with a Coverage Event Cure, (iv) the Advances are prepaid at any time after April 1, 2019the 54-month anniversary of the Effective Date or (v) in connection with a Repayment Event. (e) Once paid, all fees or any part thereof payable hereunder shall not be refundable under any circumstances.

Principal and Interest Payments; Prepayments. (a) The unpaid aggregate principal amount of the Advances (together with accrued interest thereon) shall be paid in full in cash to the Administrative Agent for the account of each Lender on the Maturity Date and any and all cash in the Accounts shall be applied to the satisfaction of the Secured Obligations on the Maturity Date; provided that $200,000,000 of the aggregate principal amount of the Advances shall be paid in cash to the Administrative Agent for the account of the Lenders on or prior to January 31, 2017 and the Compliance Condition shall be met after giving effect to the Permitted Transaction. (b) Accrued interest on the Advances shall be payable in cash in arrears on each Interest Payment Date; provided that (i) interest accrued pursuant to the second sentence of Section 3.01(b) shall be payable on demand and (ii) in the event of any repayment or prepayment of any Advances, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. (c) Subject to the requirements of this Section 4.03(c), the Company shall have the right from time to time to prepay outstanding Advances in whole or in part (i) on any Business Day on or after the date that JPMorgan Chase Bank, National Association ceases to act as Administrative Agent, (ii) upon and after the occurrence of a Repayment Event, (iii) in connection with a Coverage Event Cure, Cure or (iv) subject to the payment of the applicable premium described in Section 4.03(d), on the last day of any Calculation Period; provided that, the Company may not prepay any outstanding Advances pursuant to this Section 4.03(c)(iv) (other than the amount referenced in the proviso to Section 4.03(a)) prior to November 1, 2018 or (v) if the Company elects to terminate or reduce 24-month anniversary of the Financing Commitments of a Lender as a result of such Lender’s default in its obligations hereunder and such default is continuing and has continued for at least three Business Daysdate hereof. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile with a copy to the Collateral Agent and the Collateral Administrator) of any prepayment hereunder not later than 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment (which shall be the last day of a Calculation Period). Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of the Advances to be prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Except in connection with a Coverage Event Cure, each partial prepayment of outstanding Advances shall be in an amount not less than $25,000,000. Prepayments shall be accompanied by accrued and unpaid interest. (d) Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances outstanding hereunder (i) pursuant to Section 4.03(c)(i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) pursuant to Section 4.03(c)(iii) if the Advances are prepaid in connection with a Coverage Event Cure, (iii) pursuant to Section 4.03(c)(ii) if the Advances are prepaid in connection with a Repayment Event or (iv) in connection with a prepayment pursuant to Section 4.03(c)(v). Each prepayment pursuant to Section 4.03(c)(iv) (other than the prepayment referenced in the proviso or optional redemption pursuant to Section 4.03(a))4.06, whether in full or in part, shall be accompanied by a premium equal to 1.01% of the principal amount of such prepaymentprepayment or optional redemption, as applicable. Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company terminates or reduces the Financing Commitments or prepays Advances outstanding hereunder, in each case as expressly permitted hereunder, (i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) if the Company elects to terminate or reduce the Financing Commitments as a result of a Lender’s default in its obligations hereunder, (iii) the Advances are prepaid in connection with a Coverage Event Cure, (iv) the Advances are prepaid at any time after April 1, 2019the 36-month anniversary of the Effective Date or (v) in connection with a Repayment Event. (e) Once paid, all fees or any part thereof payable hereunder shall not be refundable under any circumstances. (f) The Financing Commitments shall be automatically reduced in part on the date of any prepayment made in accordance with the terms of this Agreement, in each case in an amount equal to the amount of such prepayment.

Principal and Interest Payments; Prepayments. (a) The unpaid aggregate principal amount of the Advances (together with accrued interest thereon) shall be paid in full in cash to the Administrative Agent for the account of each Lender on the Maturity Date and any and all cash in the Accounts shall be applied to the satisfaction of the Secured Obligations on the Maturity Date; provided that $200,000,000 of the aggregate principal amount of the Advances shall be paid in cash to the Administrative Agent for the account of the Lenders on or prior to January 31, 2017 and the Compliance Condition shall be met after giving effect to the Permitted Transaction. (b) Accrued interest on the Advances shall be payable in cash in arrears on each Interest Payment Date; provided that (i) interest accrued pursuant to the second sentence of Section 3.01(b) shall be payable on demand and (ii) in the event of any repayment or prepayment of any Advances, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. (c) Subject to the requirements of this Section 4.03(c), the Company shall have the right from time to time to prepay outstanding Advances in whole or in part (i) on any Business Day on or after the date that JPMorgan Chase Bank, National Association ceases to act as Administrative Agent, (ii) upon and after the occurrence of a Repayment Event, (iii) in connection with a Coverage Event Cure, Cure or (iv) subject to the payment of the applicable premium described in Section 4.03(d), on the last day of any Calculation Period; provided that, the Company may not prepay any outstanding Advances pursuant to this Section 4.03(c)(iv) (other than the amount referenced in the proviso to Section 4.03(a)) prior to November 1, 2018 or (v) if the Company elects to terminate or reduce 26-month anniversary of the Financing Commitments of a Lender as a result of such Lender’s default in its obligations hereunder and such default is continuing and has continued for at least three Business Daysdate hereof. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile with a copy to the Collateral Agent and the Collateral Administrator) of any prepayment hereunder not later than 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment (which shall be the last day of a Calculation Period). Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of the Advances to be prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Except in connection with a Coverage Event Cure, each partial prepayment of outstanding Advances shall be in an amount not less than $25,000,000. Prepayments shall be accompanied by accrued and unpaid interest. (d) Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances outstanding hereunder (i) pursuant to Section 4.03(c)(i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) pursuant to Section 4.03(c)(iii) if the Advances are prepaid in connection with a Coverage Event Cure, (iii) pursuant to Section 4.03(c)(ii) if the Advances are prepaid in connection with a Repayment Event or (iv) in connection with a prepayment pursuant to Section 4.03(c)(v). Each prepayment pursuant to Section 4.03(c)(iv) (other than the prepayment referenced in the proviso or optional redemption pursuant to Section 4.03(a))4.06, whether in full or in part, shall be accompanied by a premium equal to 1.01% of the principal amount of such prepaymentprepayment or optional redemption, as applicable. Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company terminates or reduces the Financing Commitments or prepays Advances outstanding hereunder, in each case as expressly permitted hereunder, (i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) if the Company elects to terminate or reduce the Financing Commitments as a result of a Lender’s default in its obligations hereunder, (iii) the Advances are prepaid in connection with a Coverage Event Cure, (iv) the Advances are prepaid at any time after April 1, 2019the 36-month anniversary of the Effective Date or (v) in connection with a Repayment Event. (e) Once paid, all fees or any part thereof payable hereunder shall not be refundable under any circumstances. (f) The Financing Commitments shall be automatically reduced in part on the date of any prepayment made in accordance with the terms of this Agreement, in each case in an amount equal to the amount of such prepayment.

Principal and Interest Payments; Prepayments. (a) The unpaid aggregate principal amount of the Advances (together with accrued interest thereon) shall be paid in full in cash to the Administrative Agent for the account of each Lender on the Maturity Date and any and all cash in the Accounts shall be applied to the satisfaction of the Secured Obligations on the Maturity Date; provided that $200,000,000 of the aggregate principal amount of the Advances shall be paid in cash to the Administrative Agent for the account of the Lenders on or prior to January 31, 2017 and the Compliance Condition shall be met after giving effect to the Permitted Transaction. (b) Accrued interest on the Advances shall be payable in cash in arrears on each Interest Payment Date; provided that (i) interest accrued pursuant to the second sentence of Section 3.01(b) shall be payable on demand and (ii) in the event of any repayment or prepayment of any Advances, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. (c) Subject to the requirements of this Section 4.03(c), the Company shall have the right from time to time to prepay outstanding Advances in whole or in part (i) on any Business Day on or after the date that JPMorgan Chase Bank, National Association ceases to act as Administrative Agent, (ii) upon and after the occurrence of a Repayment Event, (iii) in connection with a Coverage Event Cure, (iv) subject to the payment of the applicable premium described in Section 4.03(d), on the last day of any Calculation Period; provided that, the Company may not prepay any outstanding Advances pursuant to this Section 4.03(c)(iv) (other than the amount referenced in the proviso to Section 4.03(a)) prior to November 1October 11, 2018 2018, (v) following the occurrence of a Partial Early Prepayment Eligibility Event, subject to the payment of the applicable premium described in Section 4.03(d) or (vvi) if the Company elects to terminate or reduce the Financing Commitments of a Lender as a result of such Lender’s default in its obligations hereunder and such default is continuing and has continued for at least three Business Days; provided that in the case of a prepayment pursuant to sub-clause (v) or (vi) of this clause (c), the amount of such prepayment must be an amount such that after giving effect to such prepayment, the outstanding principal amount of the Advances is not less than the Minimum Facility Amount. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile with a copy to the Collateral Agent and the Collateral Administrator) of any prepayment hereunder not later than 2:00 p.m., New York City time, three (3) Business Days before the date of prepayment (which shall be the last day of a Calculation Period). Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of the Advances to be prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Except in connection with a Coverage Event Cure, each partial prepayment of outstanding Advances shall be in an amount not less than $25,000,000. Prepayments shall be accompanied by accrued and unpaid interest. (d) Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances outstanding hereunder (i) pursuant to Section 4.03(c)(i) if JPMorgan Chase Bank, National Association ceases to act as Administrative Agent hereunder, (ii) pursuant to Section 4.03(c)(iii) if the Advances are prepaid in connection with a Coverage Event Cure, (iii) pursuant to Section 4.03(c)(ii) if the Advances are prepaid in connection with a Repayment Event or (iv) in connection with a prepayment pursuant to Section 4.03(c)(v4.03(c)(vi). Each prepayment pursuant to Section 4.03(c)(iv) (other than the prepayment referenced in the proviso to Section 4.03(a)), whether in full or in part, shall be accompanied by a premium equal to 1.0% of the principal amount of such prepayment. Each prepayment pursuant to Section 4.03(c)(v) shall be accompanied by a premium equal to (i) if such prepayment is on or prior to October 11, 2017, 2% of the principal amount of such prepayment and (ii) if such prepayment is after October 11, 2017 and on or prior to October 11, 2018, 1.0% of the principal amount of such prepayment. Notwithstanding anything in this Article IV, no premium shall be payable by the Company in the event that the Company prepays Advances at any time after April 111, 2019. (e) Once paid, all fees or any part thereof payable hereunder shall not be refundable under any circumstances.